Shriram Finance is a non-banking financial company (NBFC) that offers a variety of loans, including personal loans, home loans, and business loans. The company was founded in 1979 and is headquartered in Mumbai, India. Shriram Finance has a strong track record of providing loans to individuals and businesses, and it is one of the most trusted NBFCs in India.
Shriram Finance offers personal loans up to ₹15 lakhs. These loans are unsecured, which means that you do not need to provide any collateral to get a loan. The interest rates on personal loans from Shriram Finance are competitive, and the repayment terms are flexible. You can choose to repay your loan over a period of 12 to 60 months.
To be eligible for a personal loan from Shriram Finance, you must meet the following criteria:
- You must be a salaried employee or self-employed.
- You must have a minimum income of ₹15,000 per month.
- You must have a good credit score.
If you are eligible for a personal loan from Shriram Finance, you can apply for a loan online or at any of the company’s branches. The application process is quick and easy, and you will usually get a decision within 24 hours.
Once your loan is approved, you will receive the money directly into your bank account. You can use the money for any purpose, such as consolidating debt, paying for a wedding, or starting a business.
Shriram Finance is a reliable and trustworthy NBFC that offers a variety of loans at competitive interest rates. If you are looking for a personal loan, Shriram Finance is a good option to consider.
Here are some of the benefits of taking a loan from Shriram Finance:
- Competitive interest rates: Shriram Finance offers competitive interest rates on its loans. This means that you can save money on your monthly payments.
- Flexible repayment terms: Shriram Finance offers flexible repayment terms on its loans. This means that you can choose the repayment term that best suits your budget.
- Easy application process: The application process for a loan from Shriram Finance is easy and straightforward. You can apply online or at any of the company’s branches.
- Fast approval: Shriram Finance is known for its fast approval process. You can usually get a decision on your loan within 24 hours.
If you are considering taking out a loan, Shriram Finance is a good option to consider. The company has a long history of providing reliable and affordable loans to individuals and businesses.
Here are some of the risks associated with taking a loan from Shriram Finance:
- High-interest rates: The interest rates on loans from Shriram Finance can be high. This means that you may end up paying more in interest over the life of the loan.
- Late payment fees: If you miss a payment on your loan, you may be charged a late payment fee. These fees can add up quickly, so it is important to make all of your payments on time.
- Default: If you default on your loan, Shriram Finance may take legal action against you. This could result in wage garnishment, seizure of assets, or bankruptcy.
It is important to weigh the risks and benefits of taking out a loan from Shriram Finance before you make a decision. If you are not sure if you can afford the monthly payments, it is best to speak with a financial advisor.
Here are some tips for getting a loan from Shriram Finance:
- Get pre-approved: Before you start shopping around for a loan, get pre-approved from Shriram Finance. This will give you an idea of how much money you can borrow and what your interest rate will be.
- Compare rates: Once you know how much money you need and what your interest rate will be, compare rates from different lenders. This will help you get the best deal possible.
- Read the fine print: Before you sign any paperwork, be sure to read the fine print carefully. This will help you understand all of the terms and conditions of the loan.
Getting a loan from Shriram Finance can be a great way to finance your dreams. However, it is important to do your research and understand the risks involved before you make a decision.
-> Loan Up to 15L
-> Tenure : 12 to 60 months
-> Interest Rate : 12% Annually
-> Age : 21 – 60
-> Documents : Identity Proof, Address Proof
-> credited within Max (72 hours)
-> Other Loan :
- Wedding Loan
- Travel Loan
- Medical Emergency Loan
- Consumer Durable Loan
- Personal Loan for Women