Shriram Finance Personal Loan


Shriram Finance, a non-banking financial company (NBFC) in India offers Personal Loans. It is a collateral-free loan that can be used for any purpose, such as debt consolidation, home renovation, medical expenses, marriage, travel, education or for any other personal need.

Shriram Finance Personal Loans are available for loan amounts of up to Rs. 15 lakh and repayment tenures of up to 60 months. The interest rates on Shriram Finance Personal Loans start from 12% per annum.

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Shriram Finance Personal Loan Details

Shriram city Personal Loan offers hassle-free access funds. Shriram loan comes with interest rates starting at 12% p.a.; and a borrow limit up to 15 lakh.

The best part? Once approved, you can expect the funds to be in your account within 72 hours, ensuring you get the financial support you need without delay. See more Shriram finance loan details below:

Interest Rate Starting from 12% p.a.
Loan Amount Up to Rs 15 lakhs
Loan Tenure 12 to 60 months
Disbursal Time (pre approved loans) Within 72 hours

Shriram Finance Personal Loan Interest Rates

Do you need instant loans? Shriram Finance offers personal loan at competitive interest rates, starting from 12% p.a.
Interest rates are an important factor in your loan decision. With the knowledge of Shriram finance personal loan interest rate, you can take care of your finances and fulfil your instant loan requirements.

Shriram Finance Personal Loan Interest Rate Starting from 12% p.a.

Shriram Finance Personal Loan Fees & Charges

Shriram Finance provides instant personal loans of up to 15 lakh based on your eligibility. They offer a simple and quick process to get a personal loan with instant disbursement (within 72 hours of application).

Find all the Shriram finance loan details in the table below:

Processing fee Up to 3%
Interest on overdue EMIs 2% p.m
Foreclosure Up to 4%
Cheque Bounce Rs 500( per bounce)
Loan Cancellation Nil

Shriram Finance Personal Loan Eligibility Criteria

Shriram Finance personal loan eligibility is straightforward and simple. If you are wondering if you qualify for a Shriram loan, refer to the table below.

The table will help you understand the Shriram city personal loan criteria better:

Employment Type Both Salaried/Non-salaried
Nationality Indian
Age Between 21 - 60 years(on loan closure)
CIBIL score 650 and higher

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Documents Required for Shriram Finance Personal Loan

Shriram Finance Personal loan requires the borrower to be prepared with the documentation to streamline the loan approval process. These documents serve as proof of your financial credibility and help the lender assess your eligibility.

Below is a list of the key documents required for a Shriram Finance Personal Loan application:

Identity proof (any 1)

  • Aadhaar card/ Passport/PAN card/Driving licence/Voter Id

Proof of address (any 1)

  • Aadhaar card/ Passport/ Valid voter ID/ Utility bill/ Driving licence

Other Documents

  • Recent passport size colour photographs
  • Last 3 month’s income proof and bank statement in pdf format.
  • One cancelled Cheque and ACH form for Electronic Clearing Mandate (eNACH)

Shriram Finance Loan EMI Calculator

Calculating your Shriram Finance personal loan EMI is a straightforward and convenient process. With an online EMI calculator, you can gain a clear understanding of your financial commitments and help you manage your budget effectively.

By inputting the loan amount, interest rate, and loan tenure, the calculator will swiftly generate the monthly EMI (Equated Monthly Instalment) amount, making it effortless to plan your loan repayments.

₹
%
Monthly EMI ₹86
Principal Amount ₹1,000
Total Interest ₹32
Total Amount ₹1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

Ready to apply for a Loan?

Shriram Finance Personal Loan Vs Other Lender Comparison

In this comparison, we will explore the interest rates and processing fee offered by various Banks, NBFCs including Shriram Finance.

Having a comparison lets you understand different rates in the market, ultimately helping you make better financial decisions:

Banks/NBFCs Interest Rates (p.a.) Processing Fees
Shriram Finance 12% p.a. onwards Up to 2%
SBI 11.00% to 14% Up to 1.50%
HDFC 10.05% to 21% 0.50% ( Rs 1,999 - Rs 25,000)
ICICI 10.75% onwards 2.50%
Axis 10.49% onwards 1%

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Note: These rates are indicative and subject to change. Always check with the bank for the most up-to-date information before making any investment decisions.

Features & Benefits of Shriram Finance Personal Loan

Check the list of features and benefits that come with Shriram Finance Personal Loans.

Fast and Convenient

Get loans disbursed
within 72 hours

Competitive Interest Rate

Get affordable interest
rates starting at 12% p.a.

Zero Collateral

Enjoy collateral
free personal
loans.

100% Digital

Apply online without t
he need for physical
documentation.

Flexible Repayment

Get repayment tenure
ranging from 12 to 60
months

Easy Repayment

Never miss a
repayment with
regular reminders

Steps to Apply For Personal Loan with Buddy Loan

Navigating the application process for Shriram Finance Loans is a convenient and efficient way to access financial support.

The steps below will help you in applying for Personal Loans with Buddy Loan:

Step 1: - Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).

Step 2: Open the Personal Loan Application Page. Provide the mobile number and enter the received OTP.

Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option

Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).

Step 5: Enter your work details (Including company name, years of service and Designation)

Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)

Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.

Ready to take next step ?

Frequently Asked Questions

Shriram Finance Personal Loan is an unsecured loan for meeting personal financial needs, with flexible repayment options and competitive interest rates.

The eligibility criteria for applying for a Shriram Finance Personal Loan are:

  • Age: 18 to 60 years
  • Employment status: Salaried or self-employed
  • Income: Minimum income requirement varies depending on the loan amount and repayment tenure
  • Credit score: Good credit score required

Steps to Apply for a Personal Loan at Shriram Finance-

  • Check eligibility and provide necessary details.
  • Select loan amount and repayment tenure.
  • IUpload KYC and income documents.
  • Get loan approval and set up EMI-auto debit.
  • Receive loan amount in your bank account.

The minimum and maximum loan amount you can borrow from Shriram Finance is Rs. 50,000 and Rs. 15 lakh, respectively.

The interest rate for Shriram Finance Personal Loans starts from 12% per annum. The actual interest rate offered to you will depend on your credit score, income, and repayment tenure.

The tenure for Shriram finance short-term loan can vary from 12 to 60 months based on the amount taken.

The documents required when applying for a personal loan from Shriram Finance are:

  • Identity proof
  • Address proof
  • Income proof
  • Latest bank statements
  • Cancelled cheque

Yes, you can use the loan amount for any purpose, as Shriram Finance Personal Loans are unsecured loans. However, there are some restrictions on how you can use the loan amount.

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