The Shriram Finance, Personal Loan products, are known for providing speedy access to small and medium finance. These products are transparent, competitive and yet, are customized to address distinct customer needs. Avail Shriram Finance personal loans is available for any legitimate reason as wedding, business expansion, travelling, studies abroad, and so on. These loans are available with flexible tenures, highly competitive interest rates, nominal charges, and simple documentation. We will discuss all the important features of a Shriram Finance personal loan in our subsequent sections below.

Shriram Personal Finance thrives in offering Personal loans to customers, who do not always get enough access to banks and financial institutions. Personal loans are immensely popular these days as they are processed and disbursed quickly. Moreover, most of them do not require any collateral. The loan amount may be utilized for any purpose you like, and you can finance your sudden expenses with absolute ease.

3% of the cheque amount or Rs 1000 (whichever is higher) + GST

Please note : Documentary proofs required may differ from customer to customer

Eligibility for a Shriram Finance personal loan is decided depending on certain parameters. An applicant must fulfill the below-mentioned loan eligibility criteria:

Please note: Information is gathered from available secondary sources and is meant for reference only.

Shriram City Union Finance (also known as Shriram City) was established as a Non-Banking financial company (NBFC) in 1986 and is a part of the Shriram Group. Over the years, it has developed into one of the leading companies for financial services in India, specializing in retail finance. The consumer finance business of the Shriram Group was established in 2002 as a separate unit and was named Shriram City Union Finance Ltd. Shriram City provides a diverse range of offerings starting from auto finance to personal loans, loan against gold and small business loans.

Afinoz.com has simplified and digitized the procedures related to the application of a Shriram Finance personal loan. Its efficient platform enables you to choose the best personal loan offer from multiple options available. All the options are shortlisted by considering your distinct needs.

FAQs

Q 1 How much can I borrow from Shriram Finance Personal Loan?

You can borrow a Shriram Finance personal loan amount ranging from Rs. 1,00,000 to Rs. 30, 00,000 - depending on your monthly income and repayment capacity.

Q 2 How can I repay my Shriram Finance Personal Loan?

You can easily repay your Shriram Finance personal loan in equal monthly instalments (EMIs). The EMI can be paid through post-dated cheques (PDCs), ECS or a standing instruction (SI) to debit your Bank account with the EMI amount.

Q 3 What is the age criterion to get a personal loan from Shriram Finance?

Age is an essential eligibility criterion to get a personal loan from Shriram Finance. You should be at least 18 years of age at loan application and should not be over 59 years at loan maturity.

Q 4 Can I include the income of my spouse while applying for a personal loan from Shriram Finance?

Yes, you can provide you are taking the loan jointly, or he/she is the guarantor of the loan.

Q 5 How much interest is charged by the Shriram Finance on a personal loan?

The Shriram Finance personal loan interest rates vary in the range of 11.49% to 23% per annum.

Q 6 Can I make a choice between the fixed and floating personal loan interest rates?

Yes. Shriram Finance gives you the option to choose between the fixed and floating personal loan interest rates.

Q 7 Will I have a pay a fee/charge in case I decide to make any prepayment?

No prepayment charges are levied on you. You can make prepayments by visiting the nearest Shriram City Union Branches.

Q 8 Does Shriram Personal loan ask for any fee for processing my personal loan application?

Yes. You need to pay a nominal processing fee, which is equal to 2.5% of the loan amount prepaid. Applicable taxes will be applicable as per Govt. norms.

Q 9 What is the minimum and maximum tenure of a Shriram Finance personal loan?

You can conveniently repay a Shriram Finance personal loan within a period of a minimum of 12 months to a maximum of 36 months.

Q 10 Can I use the Shriram Finance personal loan for any purpose?

The Shriram Finance personal loan can be availed for any genuine purpose including but not limited to travel expenses, wedding expenses, emergency medical needs, educational expenses, and so on.

Q 11 How would I know if am eligible for a Shriram Finance personal loan?

It’s simple! You can check your Shriram Finance personal loan eligibility on your own by using the personal loan eligibility calculator at afinoz.com.

Q 12 How long will the Shriram Finance take to process my Personal loan application?

Once you submit your loan application form along with the required documents to the satisfaction of the Shriram Finance, you can expect the loan disbursal within 3 to 4 working days. Please note that all loan disbursals are matters of the sole judgment of the lender.

Q 13 Is sharing of my personal data on Afinoz safe?

Afinoz.com does not share any data with any third party other than the bank/NBFC concerned. Your data and records with Afinoz are entirely safe as it employs modern data encryption tools to ensure the same.

Q 14 Does Afinoz charges any money for its Calculator Tools such as the loan eligibility calculator and the loan EMI calculator?