Types of Personal Loan

A personal loan for wedding caters to all your wedding expenses–from renting your dream venue to catering services. Wedding loans usually come with competitive interest rates and flexible tenure options, making your EMIs easy on the pockets.

A personal loan for travel helps you fund a variety of travel-related expenses, like booking flights, accommodation, food, etc. If you have been planning for that trip for some time now, a personal loan from Shriram Finance can help you manage your finances on time with minimal documentation and a hassle-free application process.

A personal loan for medical emergencies is specifically designed to manage unforeseen medical expenses. It helps you access the funds you need on time with quick approvals and minimal documentation. A personal loan from Shriram Finance especially comes in handy if your health insurance is unable to cover medical requirements like certain surgeries or hospitalisation fully.

A personal loan for consumer durables can help you finance the purchase of household appliances and electronics like refrigerators, television or laptops. This loan allows you to easily get your hands on essential household items that may be a little expensive to pay for at once. With easy repayment options and attractive interest rates, purchasing durable goods is made easy by these loans.

A personal loan for women is designed to support women borrowers with various financial needs, like education, business ventures and other personal expenses. These loans offer favourable terms and conditions, often with lower interest rates and flexible repayment tenures, empowering women to manage their finances confidently.

A personal loan for home renovation offers financing for improvements or repairs to an existing home. You can use this loan for a variety of internal and external home updates, like fixtures, paintings, waterproofing, etc. With loan amounts up to ₹10,00,000 and interest rates starting just at 11%* p.a., a Shriram Personal Loan for home improvements helps you enhance your living space without eroding your savings.

If you have an important festival coming up and you need to make arrangements for the celebration, look no further than a festival loan. Personal loans cover all kinds of expenses related to festivals like decorations, event planning, gifts, etc. No collateral is required to secure a personal loan for festivals, making it easy to enjoy the spirit of the festival without worrying about pledging assets.

The costs of higher education can often be substantial such as books, tuition, hostel fees and other academic costs. A personal loan for higher education helps parents or guardians manage these expenses on behalf of their children. These loans come with competitive interest rates and flexible repayment options, managing expenses without compromising on the child’s academic pursuit.

A personal loan for teachers is tailored to meet the financial needs of educators. These loans cover a wide range of expenses related to professional and personal development. With low interest rates and sometimes special terms and benefits, a personal loan for teachers acknowledges the contributions of educators by providing much-needed financial support.

A personal loan for salaried people is designed to cater to the financial needs of salaried individuals. It usually covers all kinds of legitimate personal expenses like home repairs, vacations, medical emergencies, etc. To be eligible for this loan, you need to show proof of salary being credited to your bank account every month. Once approved, you can use the funds to cater to all your needs and plan your finances effectively.

A personal loan for government employees is available to those working for the central and Public Sector Undertakings (PSUs) employees, which includes local, central and state government bodies. A key benefit of such loans is that they often offer favourable loan terms, making it easy to manage your EMIs.

A top-up personal loan provides you with the opportunity to increase the amount of an existing loan. If the funds you obtain through a personal loan fall short for your needs, you can use a top-up loan to cover the additional expenses. This type of loan offers the advantage of securing extra funds without having to apply for a new loan.

A short-term personal loan provides quick financial assistance for urgent needs with usually a short repayment period. It is a great solution for covering unexpected expenses, with a repayment period usually ranging from one to three years. This flexibility lets you repay the loan quickly and save up on the interest.