Shriram Finance Personal Loan

Shriram City Union Finance was established in the year 1986. It is a part of the Shriram Group and it is a deposit accepting non-banking financial company. Its origin was from the need of Chit Funds customers. Chit Funds was a separate business unit which started in the year 2002.

Shriram City Union Finance offers a wide range of services such as two wheeler and three wheeler financing, four wheeler financing for both new and pre-owned cars, personal loans, Small Business loans and loan against gold. Shriram City Union Finance aims to serve the largest number of common people through the best quality non-banking financial services.

Shriram Finance Personal Loan

Shriram City Union Finance offers personal loans to its customers who don’t have access to banks or other similar institutions. Shriram City Union Finance funds short and medium term finance. Personal loan is offered to existing as well as old customers and to customers of other Shriram Group entities.

Shriram Finance Personal Loan Eligibility

The applicant must meet the following eligibility criteria:

• The age requirement is 18-59 year.
• The applicant must be salaried for at least 1 year.
• Self- employed individuals must be employed for a minimum of 2 years.

Features of Shriram Finance Personal Loan

The features are as follows:

• Repayment of the loan is through Equated Monthly Instalments.
• If you have any existing loan commitments, then you will have to declare them.
• The applicant must be employed for a minimum of 1 year, if he is self-employed, then it is 2 years.
• The applicant must be residing in the same residence for a minimum of 1 year.
• The minimum tenure of the loan is 12 months and the maximum loan tenure is 36 months. The tenure is scheme based.
• To check if you are eligible, visit the nearest Shriram City Union Finance branch.

Documents Required for Shriram Finance Personal Loan

The following documents are to be submitted along with the application form:

• Identity proof, it can be either your passport, driving licence, voter ID, Aadhar card or PAN card.
• Address proof, it can be either passport, driving licence, ration card or gas bill with gas book.
• Income proof documents.
• Last 6 months’ bank statement.
• Post-dated cheques and electronic clearing mandates.
• Legal documents that Shriram City Union Finance requires.
• Collateral security as expressed by Shriram City Union Finance.
• Any other documents that Shriram City Union Finance requires will have to be submitted.

Shriram Finance Personal Loan Interest rates

The interest rate is decided and set based on the eligibility criteria of the applicant, loan amount and the scheme that the borrower has selected.

Note: The loan is subject to approval by Shriram City Union Financeafter all the documents are verified and after the appraisal process.

Shriram Finance Personal Loan EMI Calculator

To calculate the EMI that you might be paying each month towards the loan, you can use the online EMI calculator available on the company website. You will have to fill in the gross loan amount, the rate of interest that is being offered to you and the tenure and then hit calculate EMI. You will get the resulting EMI amount which you will have to pay each month towards repaying the loan.