|Loan amount||As decided by the lender|
|Rate of interest||11.49% - 28%|
|Tenure||Up to 3 years|
|Lowest EMI||Rs. 3,297 Per Lakh|
|Processing fee||2.5 % of loan sanctioned + taxes|
|Turnaround time||1 - 7 days|
|Who can apply||Indian resident salaried and self-employed professionals|
|Age required||18 - 59 years|
|Dishonour charges||Rs. 500|
Shriram Finance offers a single personal loan product targeted at both new and existing customers of the Shriram Group entities. Shriram Finance personal loan comes with the following features:
Shriram City Union Finance personal loan is loaded with the following benefits:
Shriram City Union Finance offers competitive interest rates on personal loans depending on the applicant’s profile, and hence the rates are not fixed. The key factors that affect sri ram finance personal loan interest rates are applicant’s credit score, credit utilization ratio, repayment history, running loan EMIs (if any), and net monthly income.
The Equated Monthly Instalment (EMI) is the amount you are required to pay back each month to the lender till the end of your Personal Loan tenure. The Shriram City personal loan EMI can be easily calculated through our Personal Loan EMI Calculator.
If you are using MyMoneyMantra's EMI Calculator, you will need to enter three parameters including the required loan amount, tenure, and proposed interest rate to get the accurate result.
For example, if you take a Personal Loan of Rs. 2 Lakhs at 11.49% interest rate for 12 months, the EMI would be Rs. 17,722. If the loan tenure is increased to 24 months the EMI reduces to Rs. 9,367 and when it is 36 months the EMI reduces further to Rs. 6,594.
Here’s an example:
Personal loan amount required: Rs. 5 Lakhs
Applicable rate of interest: 11.49% p.a.
Tenure: 3 years
EMI to be paid: Rs. 16,486
Total interest to be paid: Rs. 93,483
Total amount to be paid: Rs. 5,93,483
Amortization schedule of the above example:
Amount Paid by
Interest paid during
Principal paid during
|1||Rs. 5,00,000||Rs. 82,428||Rs. 22,807||Rs. 59,621||Rs. 4,40,379|
|2||Rs. 4,40,379||Rs. 1,97,828||Rs. 42,593||Rs. 1,55,234||Rs. 2,85,144|
|3||Rs. 2,85,144||Rs. 1,97,828||Rs. 23,787||Rs. 1,74,041||Rs. 1,11,104|
|4||Rs. 1,11,104||Rs. 1,15,399||Rs. 4,296||Rs. 1,11,104||Rs. 0|
Below mentioned are the documents required for Shriram City Finance personal loan:
Given below are eligibility criteria for Shriram Finance Personal Loan:
Apart from Shriram Finance personal loan interest rate, you will have to pay the following charges as well:
Personal loan verification at Shriram Finance involves the following steps:
A number of customer-centric options to contact Shriram City Finance are available for ease of operations and to overcome the need to walk-in to a branch or wait for customer service.
A toll-free number for Shriram City Union Finance Personal Loan for product related queries and resolution is:
1800 103 6369
The Shriram Finance personal loan contact number is promptly attended to by customer care executives round the clock.
Shriram Finance Head Office address:
Shriram City Union Finance Ltd
144, Santhome High Rd, Santhoshi Nagar, Kuil Thoppu, Mylapore,
Chennai, Tamil Nadu, 600004
Tel: (044) 43925300 www.shriramcity.in
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The documents you can use as proof of your residential address for Shree Ram Finance ltd personal loan are:
Yes. The age criterion for sriram personal loans is 18 to 59 years.
No, Shriram Finance company doesn't offer Personal Loans to pensioners.
Being a short-term loan, the maximum tenure offered by Shriram Finance for the repayment of their Personal Loan is 36 months.
Yes, you can apply for the Shriram Finance loan online through MyMoneyMantra.
Personal loan interest rate at Shree Ram Finance company starts at 11.49% p.a.
Yes, you can log-in as a customer and clear doubts. This facility is for loan and deposit customers where you have access to your loan account or deposit account and can clear your doubts using any of the above options.
No. To get an unsecured loan you must have a good credit score (typically 700 or above). The loan approval is at the lender's discretion. If CIBIL score is not good enough you can try for a Secured Personal Loan or Loan Against Property.
Yes. The loan should be paid back before you retire though.
You can get more information through Shriram Finance's official website or you can also contact their customer service. If your doubts persist you can also contact MyMoneyMantra.
Yes. Shriram Finance business loan can be availed for business requirements.