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Personal Loan in Vadodara
Vadodara is a city known for its cultural richness and economic growth. Many residents find themselves in need of financial support to realise their aspirations. A personal loan in Vadodara offers the necessary backing for various purposes such as home renovations, education, or medical expenses.Up to ₹10,00,000/-*
Personal Loan Types in Vadodara
Shriram Finance presents various options for a personal loan in Vadodara tailored to fit different financial needs:
Features and Benefits of Personal Loan in Vadodara
Choosing Shriram Finance for your personal loan in Vadodara provides several advantages:
Competitive Interest Rates
Quick Approval
Seamless Experience
Regular Reminders
Flexible Repayment Options
Collateral-free Loans
Personal Loan Interest Rates and Charges in Vadodara
Understanding the financial aspects of a personal loan in Vadodara is vital for making informed choices. At Shriram Finance, we offer competitive interest rates crafted to be both reasonable and transparent.
- Our interest rates begin at 11%* p.a. but may vary depending on factors such as credit score, income level, and repayment capacity. It equally important to consider additional charges like processing fees and penalties for early repayment.
- By grasping these costs, you can better organise your finances and select the appropriate personal loan in Vadodara. With Shriram Finance by your side, you can navigate your financial path with confidence and aim for success.
| Type of Fees | Applicable Charges |
|---|---|
| Interest Rate | Customised interest rates starting from 11%* p.a. |
| Processing Fees | Up to 5%* |
| Prepayment Charges | Up to 5%* |
| Late Payment Fees | 36%* p.a. |
The interest rates are crafted to offer financial ease while ensuring transparency throughout the borrowing process.
How to Use the Personal Loan EMI Calculator
To effectively manage your finances, it is essential to utilise the right tools available to you. One such tool is Shriram Finance personal loan EMI calculator.Having a clear overview of your EMI facilitates wiser decisions regarding borrowing options. By using our personal loan EMI calculator, you take an important step towards achieving clarity in reaching your financial goals.This calculator serves as a means to enhance your understanding of financial responsibilities. The process is straightforward: simply enter the required loan amount, applicable interest rate, and tenure of the loan. After inputting these details, the calculator will generate an estimate of your monthly instalments.
STEP 01
Required loan amount
STEP 02
Interest rate
Min 11%
Max 42%
STEP 03
Min 12 months
Max 60 months
Personal Loan Calculator Summary
Loan
Loan Amount
₹ 50,000
Interest Payable
₹ 3,029
Monthly EMI
₹ 4,419
Eligibility and Documentation Criteria for Personal Loan in Vadodara
To qualify for a personal loan in Vadodara from Shriram Finance, you must meet these eligibility criteria:
Eligibility criteria:- Credit score: A minimum score of 700 is preferred.
- Age: Applicants should be between 21* to 60* years old (on loan closure).
- Employment status: Salaried individuals employed with reputable organisations or self-employed professionals.
- Income: Minimum monthly income requirement varies based on the loan amount.
- Nationality: Must be an Indian resident.
- Required documents:
- Identity proof:
- Driving license
- PAN card
- Passport
- Voter ID
- Address proof:
- Gas bill with gas book
- Passport
- Driving license
- Other documents:
- Recent passport-size color photographs
- Income proof documents of the last 3 months
- Bank statement for the last six months
- One cancelled cheque and ACH form for the electronic clearing mandate (eNACH)
Step-by-Step Application Process for Personal Loan in Vadodara
Submitting an application for a personal loan in Vadodara through Shriram Finance is a hassle-free experience:
Step 1
Visit the official website or the nearest branch.Step 2
Fill out the online application form with the necessary details.Step 3
Submit the required documents for verification.Step 4
Wait for approval, which typically takes less than 24 houStep 5
Upon approval, funds will be disbursed directly to your bank account.
Our Personal Loan Branches in Vadodara
Understanding the financial aspects of a personal loan in Vadodara is vital for making informed choices. At Shriram Finance, we offer competitive interest rates crafted to be both reasonable and transparent. Our interest rates begin at 11%* p.a. but may vary depending on factors such as credit score, income level, and repayment capacity. It equally important to consider additional charges like processing fees and penalties for early repayment. We ensure clear communication throughout the application process so that you know exactly what lies ahead. By grasping these costs, you can better organise your finances and select the appropriate personal loan in Vadodara. With Shriram Finance by your side, you can navigate your financial path with confidence and aim for success.
Locate Us
Personal Loan Customer Care in Vadodara
For inquiries or help concerning a personal loan in Vadodara, Shriram Finance has a dedicated customer support team ready to assist. You can reach out via telephone or visit any branch for customised guidance.
Personal Loan Status in Vadodara
To check the status of your personal loan application with Shriram Finance, we offer quick and easy methods to keep you updated. Here how:
- Contact Customer Care: For direct assistance, our customer care team is ready to help. They can provide detailed information about your loan application status and answer any questions you may have.
- Visit Our Website: Go to the official Shriram Finance website, find the loan status section, and input your application reference number for real-time updates on your loan progress. This keeps you informed without any hassle.
Shriram Finance aims to ensure a seamless borrowing experience. By selecting us, you benefit from competitive interest rates, flexible repayment plans, and outstanding customer service. Track your application today.
Personal Loan in Major Cities in India
FAQs
What are the eligibility criteria for a personal loan in Vadodara?
To be eligible for a personal loan in Vadodara from Shriram Finance, you must be a resident Indian aged between 21* to 60* years at the time of loan closure. Additionally, you need to provide valid identity and address proof, income documentation for the last three months, and bank statements for the previous six months.
What is the interest rate on a personal loan in Vadodara?
The interest rates for a personal loan in Vadodara from Shriram Finance start at 11%* p.a. , depending on various factors such as your credit score, income, and repayment capacity.
Is personal loan in Vadodara unsecured?
Yes, personal loan offered by Shriram Finance in Vadodara are unsecured loans, meaning they do not require any collateral. However, a good credit score is essential for approval.
Can I prepay or foreclose my personal loan in Vadodara?
Yes, you can prepay or foreclose your personal loan in Vadodara with Shriram Finance. However, prepayment charges may apply according to the terms and conditions of the loan agreement.
Can I apply for a personal loan online in Vadodara?
Yes, you can easily apply for a personal loan online through the Shriram Finance website. The process is streamlined for convenience, allowing you to complete your application from home.
How can I check the status of my personal loan application in Vadodara?
You can check the status of your personal loan application by visiting the Shriram Finance website and entering your application reference number. Alternatively, you can contact customer care for updates.
What is the minimum income required for a personal loan in Vadodara?
The minimum income requirement varies based on the loan amount and individual eligibility criteria. Typically, applicants should demonstrate sufficient income to meet repayment obligations.
Are there any hidden charges for personal loan in Vadodara?
Shriram Finance is committed to transparency; therefore, there are no hidden charges associated with personal loan. All applicable fees and charges will be clearly outlined during the application process.
Disclaimer
The information provided in this guide is for educational purposes only and should not be considered financial advice. Always consult with a financial advisor before making investment decisions related to fixed deposits or any other financial products.