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Shriram Finance Personal Loan

Shriram Finance star star star star star 3.75 / 5.04 users

Shriram City Union Finance is a part of Shriram Group which is non-banking financial company, but it does accept cash deposits. This NBFC came into existence in India because of the need of Chit Fund customers. This company provides personal loans to its old and existing customer and to the customers who belong to other Shriram Group entities. Shriram Finance has personal loan schemes for professionals and salaried individuals. The amount taken as loan can be used for personal expenses and any monetary requirement.

Shriram Finance Personal Loan Details Updated on 23rd May 2019
Loan Amount Rs. 1 lakh to Rs. 30 lakhs
Loan Tenure 3 Years
Interest Rate 11.49% to 23%

Our website, Loanbaba.com provides all the information about Shriram Finance Personal Loan.

Features of Personal Loans at Shriram Finance

The following key points will help one understand the features and benefits of the personal loans:

  • An applicant can take a loan from Shriram City Union Finance is up to Rs. 30 lakhs. Amount sanctioned depends on the individual profile.
  • Processing fee is 2.50% of the loan amount.
  • The loan can be repaid within tenure of 12 months to 36 months. This NBFC offers the flexibility to choose tenure as per suitability of the customer.
  • The company has a straightforward documentation procedure since they go about it with internationally tested methods.
  • All the applicant needs is a photo ID, verified signature, address proof, and a document that declares his/her age. The same is submitted with the application.

Shriram Finance Personal Loan Interest Rates

Personal Loan Shriram Finance interest rate is between 11.49% and 28%, but varies as per individual profile. Keep a check on this page to note the updated Shriram Finance personal loan interest rate for the current year.

Eligibility Criteria for Shriram Personal Loan

Personal loan eligibility criteria may differ from one candidate to another. The eligibility criteria for Shriram Finance personal loan are discussed below:

  • Applicant can visit the nearest branch of Shriram City Union Finance to check whether he or she can apply for loan or not.
  • Applicant’s age should be between 21 years (at the time of loan application) to 59 years (at the time of loan’s maturity).
  • In case a customer is employed then his or her account should show proof of continuous credit of salary at least for one year.
  • In case one is already having an existing loan from any other bank then he or she has to communicate for the same.
  • One can pay back the loan amount via EMI (Equated Monthly Instalments).
  • If an individual is self-employed then he or she need to be employed for at least for two years.

A person can also use free-of-cost Shriram Finance personal loan eligibility calculator on our website.

Documents Required to Apply for Shriram City Union Finance Personal Loan

Below-given are the documents needed to avail Shriram personal loan.

  • Address proof such as driving licence, passport, gas bill with gas book, Ration card.
  • Identity proof such as voter ID, PAN card or Aadhar card, passport, driving licence.
  • Documents of income proof like salary slip, income certificate, etc.
  • Electronic clearing mandates and Post-dated cheques.
  • Bank statement of last Six months.
  • Other documents which the company demands needs to be submitted.
  • Collateral security as conveyed by the company.

With the duly filled and signed loan application form and necessary documents attached, one can apply for the loan at any branch of Shriram City Union Finance.

Shriram Finance Personal Loan EMI Calculator

A person can use our FREE personal loan EMI calculator before applying for Shriram Finance loan. With EMI calculator personal loan, one can get the following details:

  • The right loan amount needed as per the individual’s salary/income.
  • A suitable interest rate on the loan.
  • The loan tenure ideal as per the applicant’s income profile.

Shriram Finance Bank Personal Loan FAQs

Below provided are important questions about personal loan Shriram City Union Finance:

  • addFAQs
    1. What are the eligibility criteria for Shriram Finance Personal Loan?
    2. Eligibility criteria to avail the loan:

      • Applicant can visit the nearest branch of Shriram City Union Finance to check whether he or she can apply for loan or not.
      • Age should be between 18 to 59 years.
      • In case a customer is employed then his or her account should show continuous credit of salary at least for One year.
      • In case one is already having an existing loan from any other bank then he or she has to communicate for the same.
      • One can pay back the loan amount via EMI (Equated Monthly Instalments).
      • If an individual is self-employed then he or she need to be employed at least for Two years.
    3. What are the documents required for Shriram Finance Personal Loan?
    4. Required Documents for Shriram City Union Finance Personal Loan:

      • Address proof such as driving licence, passport, gas bill with gas book, Ration card.
      • Identity proof such as voter ID, PAN card or Aadhar card, passport, driving licence.
      • Documents of income proof.
      • Electronic clearing mandates and Post-dated cheques.
      • Bank statement of last Six months.
      • Legal documents which the company demands.
      • Other documents which the company demands needs to be submitted.
      • Collateral security as conveyed by the company.
    5. What are the essentials of personal loan Shriram Finance?
    • Customer get the time period of 12 to 36 months to pay back the loan and this time period is based on scheme.
    • The customer should be employed for at least One year, for self-employed it is Two year.
    • Customer should be resident of the location for at least One year.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Shriram Finance.

Shriram Finance Personal Loan


Personal Loan
star star star star star 15.0/5
I have a Personal Loan with Shriram Finance. The loan disbursement was on time and document procedure was quick. I would say it was a satisfactory experience.
Mumbai May 22, 2019
Personal Loan
star star star star star 15.0/5
Taking personal loan in Gujrat by Shriram Finance through online portal of loanbaba was after all not a bad idea. This way I could communicate with the Shriram Finance without having to come over to their branch. All by documentation was sorted and I got the loan in decent time.
Mumbai May 21, 2019
Personal Loan
star star star star star 13.0/5
The Shriram Finance has disbursed the loan amount required and I am satisfied with it. The interest rate and the charges are average.
Mumbai May 21, 2019
Personal Loan
star star star star star 12.0/5
Personal loan by Shriram Finance was perfect, but the turnaround time is something they can work upon.
Mumbai May 19, 2019

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