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Personal Loan Interest Rates and Charges in Phirangipuram Branch, Guntur

Understanding the impact of the interest rates and charges on your personal loan in Phirangipuram Branch is important in making cost-effective borrowing decisions. A lower interest rate can lead to lower monthly instalments, while a higher interest rate can increase the EMIs you pay significantly. But it’s not just the interest rate that you need to consider while calculating the total cost of your loan in Phirangipuram Branch. There are several other charges, like processing fees, foreclosure charges, etc., that you must consider.

Interest rates for a Shriram Personal Loan in Phirangipuram Branch start at just 11%* p.a., helping you manage EMIs effectively. All our other charges in Phirangipuram Branch are also minimal and communicated clearly to you during your application. This helps you make smart decisions when it comes to managing your personal loan with us. Here is a detailed breakdown of some of the fees and charges on a Shriram Personal Loan in Phirangipuram Branch.

Types of FeesApplicable Charges
Rate of InterestStarting at 14%* p.a.
Processing FeeUp to 5%*
Foreclosure ChargesCapped at 4%* on the outstanding principal amount. (Please also note that the customer shall not be permitted to foreclose the account within 12 months from the date of the first EMI. Also, an additional 1% will be levied if the loan is transferred to another financier).

Please note that the interest, rates and charges of the Shriram Personal Loan are subject to change. They may vary based on your loan tenure, market conditions and other relevant factors. Check the Interest Rates and Charges document for the most accurate and up-to-date information.

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Eligibility Criteria for a Personal Loan, Phirangipuram Branch, Guntur

Securing a personal loan in Phirangipuram Branch at favourable terms requires a clear understanding of the eligibility criteria and documents required. At Shriram Finance in Phirangipuram Branch, we believe in clear communication about our eligibility to help you get approved for our personal loan quickly and without a hassle. Keeping your documents handy and updated can expedite your Shriram Personal Loan application in Phirangipuram Branch and ensure a smooth borrowing experience.

Check your personal loan eligibility in Phirangipuram Branch and read more to understand what you need to enhance your chances of loan approval.

Age Limit

  • 21 - 60 years (at the time of loan closure)

Who Can Apply?

  • Resident Indians

Employment Type

  • Salaried/Self-employed

Documents Required for a Personal Loan, Phirangipuram Branch, Guntur

To secure a Shriram Personal Loan in Phirangipuram Branch, ensure you have these documents in place:

Identity Proof

  • Aadhaar Card
  • Passport
  • Voter ID

Address Proof

  • Passport
  • Driving Licence
  • Utility Bills, like gas bill, water bill, etc.

Income Proof

  • Salary slips for the last 3 months
  • Other income proof documents for the last 3 months.

Other Documents

  • Recent passport-sized photos
  • Bank Statement for the last six months
  • One Cancelled Cheque and ACH form for Electronic Clearing Mandate (eNACH)