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Apply Online for Shriram Finance Personal Loan

Apply online for an Shriram Finance and experience quick, hassle-free approval with minimal documentation. Shriram Finance is designed to meet your financial needs, whether for home renovation, medical expenses, travel, or debt consolidation.

  • Interest Rate 11% onwards onwards
  • Maximum Loan Rs.50,000 to 10 Lakhs
  • Processing Fees 1-2%
  • Maximum Loan Tenure 1 to 5 year
Customers Rating
❤️ Trusted by 12,00,000+ Happy Customers

1+ Million

Happy Customers

Rs. 250+ crore

Monthly Personal Loans Disbursal

Wide Range of 60+

Partner Banks & NBFCs

Support team 500+

Team Size of Experts

In today’s fast-paced world, financial needs can arise unexpectedly. Whether it’s a medical emergency, home renovation, wedding expenses, or travel plans, having access to instant financial support is crucial. Shriram Finance Personal Loan is designed to provide quick, hassle-free, and flexible financial solutions for individuals seeking immediate funds without collateral. This article explores everything you need to know about Shriram Finance Personal Loan, including features, eligibility, required documents, types of loans, and EMI calculations.

What is Shriram Finance Personal Loan?

Shriram Finance Personal Loan is an unsecured loan that helps individuals meet their financial needs with minimal documentation and quick approvals. With a competitive interest rate and flexible repayment tenure, Shriram Finance Personal Loan is an ideal choice for salaried professionals, self-employed individuals, and business owners. The loan is tailored to provide financial assistance without requiring security or guarantors, making it an attractive option for those in urgent need of funds.

Features of Shriram Finance Personal Loan

Shriram Finance Personal Loan offers multiple benefits that make it a preferred choice for borrowers. Here are the key features:

  • Collateral-Free Loan: No need to pledge assets; get a personal loan up to ₹10 lakhs without collateral.
  • Flexible Loan Tenure: Choose repayment tenure from 12 to 60 months based on your financial capacity.
  • Competitive Interest Rates: Interest rates start from 11% per annum, ensuring affordability.
  • Quick Disbursal: Fast processing and disbursement, with funds credited within 72 hours.
  • Minimal Documentation: A simple and digital application process ensures ease of loan approval.
  • High Loan Amount: Get up to ₹10,00,000 for fulfilling personal financial needs.
  • Transparent Terms: No hidden charges, ensuring clarity in repayments and processing fees.

Eligibility Criteria for Shriram Finance Personal Loan

Before applying for a Shriram Finance Personal Loan, applicants must meet certain eligibility criteria:

  • Age Limit: Applicants should be between 21 to 60 years at the time of loan maturity.
  • Employment Status: Available for both salaried professionals and self-employed individuals.
  • Income Requirement: A steady income source is mandatory to qualify.
  • Credit Score: A good CIBIL score (preferably above 700) enhances loan approval chances.
  • Residency: Only Indian residents can apply for the loan.

Documents Required for Shriram Finance Personal Loan

The documentation process for Shriram Finance Personal Loan is simple and hassle-free. Here’s a list of necessary documents:

For Salaried Individuals:

  • Identity Proof: PAN Card, Aadhaar Card, Passport, or Voter ID.
  • Address Proof: Passport, Driving License, Utility Bill, or Rent Agreement.
  • Income Proof: Salary slips for the last 3 months.
  • Bank Statement: Last 6 months’ bank statement reflecting salary credits.
  • Photographs: Recent passport-size color photographs.
  • Loan Application Form: Duly filled and signed.

For Self-Employed Individuals:

  • Identity Proof: PAN Card, Aadhaar Card, Passport, or Voter ID.
  • Address Proof: Rent Agreement, Utility Bill, or Passport.
  • Income Proof: Last 2 years’ Income Tax Returns (ITR).
  • Bank Statement: 6 months’ bank statement reflecting business transactions.
  • Business Proof: Registration Certificate or Business License.
  • Photographs: Recent passport-size color photographs.

Types of Shriram Finance Personal Loan

Shriram Finance offers various personal loan options to cater to different financial needs. These include:

  1. Wedding Loan: Covers marriage-related expenses, from venue booking to honeymoon planning.
  2. Travel Loan: Helps finance domestic and international travel.
  3. Home Renovation Loan: Provides funds for home improvement and repairs.
  4. Medical Emergency Loan: Covers hospital bills and medical treatments.
  5. Education Loan: Supports tuition fees, study materials, and other educational expenses.
  6. Consumer Durable Loan: Assists in purchasing household appliances and electronic gadgets.
  7. Festival Loan: Helps cover festive season expenses, including shopping and celebrations.
  8. Women’s Personal Loan: Specially designed financial support for women entrepreneurs and working professionals.
  9. Child’s Future Loan: Helps parents secure funds for their child’s education and development.

How to Apply for Shriram Finance Personal Loan?

Applying for a Shriram Finance Personal Loan is a straightforward process. Follow these steps:

  1. Visit the Official Website: Go www.fincrif.com.
  2. Select the Loan Type: Choose the type of personal loan that suits your needs.
  3. Fill in the Application Form: Provide your details, including personal, employment, and financial information.
  4. Upload Necessary Documents: Submit scanned copies of required documents for verification.
  5. Await Approval: The application is processed within 72 hours, and upon approval, funds are disbursed to your bank account.

EMI Calculation for Shriram Finance Personal Loan

One of the most important aspects of borrowing is understanding loan repayment. Here’s an EMI calculation example for a Shriram Finance Personal Loan of ₹10 lakhs with a tenure of 5 years at 13.5% interest per annum:

EMI Formula:

Where:

  • P = ₹10,00,000 (Loan Amount)
  • R = 13.5% / 12 / 100 = 0.01125 (Monthly Interest Rate)
  • N = 60 months (Tenure in months)

Calculation:

Thus, the monthly EMI for ₹10 lakhs at 13.5% interest rate for 5 years would be approximately ₹23,000.

To get an exact EMI amount, applicants can use the Shriram Finance EMI Calculator available on their official website.

Why Choose Shriram Finance Personal Loan?

  • Trusted Financial Institution: With decades of experience, Shriram Finance is a reputable NBFC known for customer-centric financial services.
  • Tailored Loan Offers: Loan plans are designed to suit varied financial needs.
  • Minimal Processing Time: Get quick approvals and disbursals.
  • Affordable Interest Rates: Competitive rates ensure affordable EMIs.
  • No Hidden Charges: Transparent terms with no surprise fees.

 

Whether you need funds for a wedding, medical emergency, home renovation, or any personal expense, Shriram Finance Personal Loan is a reliable financial solution. With quick processing, minimal documentation, and flexible repayment options, borrowers can meet their financial goals with ease. Before applying, ensure you meet the eligibility criteria and use the Shriram Finance EMI Calculator to estimate your repayment amount.

1+ Million

Happy Customers

Rs. 250+ crore

Monthly Personal Loans Disbursal

Wide Range of 60+

Partner Banks & NBFCs

Support team 500+

Team Size of Experts

Shriram Finance Personal Loan EMI Calculator

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