The fees and charges applicable for the Shriram City Union Finance personal loans are dependent on the schemes which are selected by the applicants. However, there are certain fixed charges such as:
|Cheque bounce charges||3% of the amount mentioned in the cheque or Rs.1,000 (higher of the two) + GST|
|Swapping charges||Rs.1,000 per swap + GST|
|Overdue interest||36% of the unpaid instalments or dues|
|Loan cancellation charges||Rs.1,000 + GST|
|Postage expenses||Postage expense for issue of notice – Rs.50 + GST for each notice sent to the borrower of the loan|
The applicant must meet the following eligibility criteria:
However, it should be kept in mind that the above-mentioned eligibility criteria do not guarantee the disbursal of loan. A loan will be approved only after Shriram City Union Finance verifies and approves the original documents submitted by the applicant.
The following documents are to be submitted along with the application form:
Let’s consider a scenario where you borrow Rs.1 lakh in personal loan from Shriram Finance. The company sets an interest rate of 12% p.a. for a repayment period of 1 year. The loan repayment schedule for this case is given as follows:
|Months||Principal||Interest||EMI (principal + interest)||Balance||Percentage of loan paid to date|
|Fees and charges||Shriram Finance Personal Loan||HDFC Bank Personal Loan||Citibank Personal Loan||Aditya Birla Capital|
|Interest rate||Determined on a case by case basis||10.75% p.a. onwards||10.50% p.a. onwards||14% p.a. onwards|
|Processing fee||Contact the company for details||2.50% of the loan amount||0.25% to 3.00% + GST||Up to 2% of the loan amount|
|Foreclosure charges||Contact the company for details||2% to 4% of the outstanding loan amount||Up to 4% of the principal outstanding||2% of the outstanding loan amount|
|Late payment fee||3% of the overdue amount per month||2% of the overdue amount per month||Contact the bank for details||2% of the overdue amount per month|
Given below are the steps you will have to follow in order to check the Shriam Finance Personal Loan Status:
You can call on the toll-free number 1800 103 6369 in case you have any query related to personal loan.For more information shriram finance personal loan customer care
There is no fixed interest rate for Shriram City Union Finance Personal Loans. The interest rates are decided by the institution after assessing the applicants’ documents and is strictly based on the schemes that are selected by them.
If you apply for a personal loan through BankBazaar, you can log in to your profile to see the status. In addition to that, BankBazaar will also send regular emails and SMS to notify you about the status of the loan. You can also use the mobile phone application of BankBazaar for the same.
Shriram City Union Finance offers loans for short terms and medium terms. The minimum tenure for which you can avail a loan is 12 months.
Shriram City Union Finance offers loans for short terms and medium terms. The maximum tenure for which you can avail a loan is 36 months.
The maximum loan amount is not fixed. The maximum loan amount which can be availed by an applicant will be dependent on his or her selection of scheme as well as eligibility.
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