Enjoy a Shriram Personal Loan
for All Your Needs
Personal Loan Overview
Shriram Finance provides a reliable and quick solution for all your short-term and long-term financial needs with collateral-free personal loans. With competitive interest rates starting just at 11%* p.a., minimal documentation and multiple tenure options, ranging from 12 to 60 months, a Shriram Personal Loan makes managing finances easy.
From catering to medical emergencies to planning for that wedding, Shriram Personal Loan helps you access funds when you need them. Apply for a personal loan online with us and achieve your financial goals with confidence.
Personal Loan Quick Facts
| Parameters | Details |
|---|---|
| Age | 21 - 60 years |
| Maximum Loan Amount | Up to ₹10,00,000 |
| Interest Rates | Starting at 11%* p.a. |
| Loan Tenure | 12 - 60 months |
| Prepayment/Foreclosure Charges | Minimal charges apply |
| Documents Required | KYC documents, Proof of Income, Proof of Address |
Types of Personal Loan
A personal loan from Shriram Finance is a versatile tool that caters to a diverse range of financial needs, like weddings, vacation, home repairs, medical emergencies, etc. Explore more about the different types of personal loans to find the one that suits your specific needs:
This is a type of loan that covers all your wedding expenses, like renting a venue, paying for the caterers, decorators, etc.
This loan is specifically taken out to cover the costs of travel like airfare, accommodation, tours, etc.
A medical emergency loan helps you manage urgent medical expenses like surgeries, hospitalisation, and any other medical-related expenses that are not covered by health insurance.
This loan helps you purchase essential electronics and household goods like television, washing machine, etc., that may be challenging to pay for at once.
A personal loan for women helps women cater to a variety of expenses like funding a new business, personal expenses, etc.
There are several other types of expenses that can be managed seamlessly with a Shriram Personal Loan, at competitive interest rates and minimal documentation.
Personal Loan Features and Benefits
Take a look at some of the attractive features and benefits of Shriram Personal Loan to understand why it is one of the top choices for all your financial needs:
Competitive Interest Rates
Our interest rates start at just 11%* p.a., helping you save up on the total cost of the loan.
Collateral-free Loans
Get up to ₹10,00,000 without having to pledge any security.
Quick Approvals
Once your documentation and eligibility are verified, approvals can take as little as a few hours.
Flexible Repayment Tenure
Comfortably pay your EMIs with flexible tenure ranging from 12 to 60 months.
Seamless Digital Process
Complete your application quickly with our user-friendly digital process.
Regular Reminders
Stay on top of your payments with regular alerts sent to your registered mobile number and email ID.
Personal Loan EMI Calculator Online
The Shriram Personal Loan EMI Calculator simplifies the calculation of your personal loan EMIs by taking the manual work out of the equation. Our calculator is easy to use and requires just three basic inputs from you—the loan amount, interest rate and loan tenure in months. Once you feed in these variables, the tool quickly works out your monthly payments and total interest outgo. Use our free online EMI calculator to avoid manual errors and plan your finances effectively.
Loan Summary
Interest Rate %
Loan
Loan Amount
Interest Payable
EMI (Monthly Payment)
How to Apply for a Personal Loan Online
To apply for a Shriram Personal Loan online, follow these simple steps:
Step 1
Register using your mobile number.Step 2
Enter your PAN and personal details.Step 3
Enter loan details, like the desired loan amount and tenure.Step 4
Complete your KYC and enter your employment details.Step 5
Your personal loan voucher will be generated and one of our customer care executives will reach out to you to take the process ahead.
Personal Loan Eligibility
Here’s what you need to understand about Shriram Personal Loan’s eligibility criteria to enhance your chances of approval:
Eligibility Criteria
Residence- You must be an Indian resident
Age- Minimum 21 years at application; maximum 60 years at loan closure
Employment Type- Both salaried and self-employed are eligible. Please note that if you’re self-employed, you may be eligible for a business loan, or you must be a pre-approved customer with an existing relationship with Shriram Finance to qualify for a personal loan.
Other factors like income stability and credit history are also considered to qualify for a Shriram Personal Loan.
Personal Loan Documents Required
To apply for a personal loan from Shriram Finance, you will need to keep these documents handy:
Required Documents
Identity Proof- Aadhaar Card
- Passport
- Driving Licence
- Voter ID
Address Proof- Utility Bills
- Rental Agreement
- Passport
Other Documents- Recent passport-size photos
- Income proof documents for the last 3 months
- Bank statements for the last 6 months
- One cancelled cheque and ACH form for the Electronic Clearing Mandate (eNACH)
Personal Loan Interest Rates and Charges
Here’s what you need to know about the interest rates and charges of Shriram Personal Loan:
| Type of Fees | Applicable Charges |
|---|---|
| Interest Rate | Starting at 11%* p.a. |
| Processing Fees | Up to 5%* |
| Foreclosure Charges | Up to 4%* (But please note that the customer shall not be allowed to foreclose the account within 12 months from the date of the first EMI. Also, an additional 2% will be applied if the loan is transferred to another financial institution) |
Please note that the interest rates and charges of a personal loan from Shriram Finance are subject to change. They may vary based on your loan tenure, market conditions and other relevant factors. Check the Interest Rates and Charges document for the most accurate and up-to-date information.
Personal Loan FAQs
What is a personal loan?
A personal loan from Shriram Finance is a collateral-free or unsecured loan that allows you fund a variety of your financial needs easily at a fixed interest rate and over a fixed period of time. Interest rates for a Shriram Personal Loan start at 11%* p.a. and tenure options range from 12 to 60 months.
How does a personal loan work?
A personal loan works by providing you with a lump sum amount of money upfront, which you then have to repay over a period through regular equated monthly instalments or EMIs. To apply for the loan, you need to first meet all the eligibility criteria set by Shriram Finance. Once approved, your desired loan amount will be credited to your bank account. You then have to make consistent payments each month towards your loan until the entire amount is paid off.
How can I get a personal loan?
You can get a personal loan from Shriram Finance by visiting the official website or the Shriram One app, registering with your mobile number, entering your personal details and uploading your documents. A loan executive from Shriram Finance will then reach out to you to take the process forward.
How much personal loan can I get?
At Shriram Finance, you can get a personal loan up to ₹10,00,000, depending on your eligibility.
How can I repay my personal loan?
You can repay your personal loan typically through bank transfers, cheques, online payments or auto-debit from your bank account.
How can I check the status of a personal loan?
You can check the status of your personal loan by contacting Shriram Finance’s customer care, online through our website or via our Shriram One app.
What are the tenure options for a personal loan?
The tenure options for a personal loan from Shriram Finance ranges from 12 to 60 months.
What are the advantages of taking a personal loan from Shriram Finance?
Some of the advantages of taking a personal loan from Shriram Finance are attractive interest rates, flexible tenure, quick approvals and minimal documentation.
How can I check my loan balance?
You can check your loan balance by logging in to the Shriram Finance website or by contacting customer service. You can also download the Shriram One app to manage your loan account.
Can I apply for multiple personal loans?
Yes, you can apply for multiple personal loans, but usually it is not recommended. Applying for too many loans at the same time can make you seem desperate for credit and damage your credit score as well.
Low Processing Charges & Quick Loan Disbursals on Personal Loan
