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Shriram Personal Loan in Residency Road

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Personal Loan Interest Rates and Charges in Residency Road

Understanding the impact of the interest rates and charges on your personal loan 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. There are several other charges, like processing fees, foreclosure charges, etc., that you must consider.

Interest rates for a Shriram Personal Loan start at just 11%* p.a., helping you manage EMIs effectively. All our other charges 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.

Types of Rates/Fees
Applicable Charges
Interest Rate
11%* p.a. onwards
Processing Fee
Capped at 5%*
Foreclosure Charges
Capped 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 2% 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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Shriram Finance Personal Loan Eligibility in Residency Road

Eligibility Criteria
Residence
  • You must be an Indian resident
Age
  • Minimum 21 years at application; maximum 60 years at loan closure
Employment Type
  • Both salaried and self-employed are eligible. Please note that if you’re self-employed, you may be eligible for a business loan, or you must be a pre-approved customer with an existing relationship with Shriram Finance to qualify for a personal loan.
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Documents Required for Personal Loan in Residency Road

Ensure that any one of the following documents listed for each category is present for loan processing.

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Required Documents
Identity Proof
  • Aadhaar Card
  • Passport
  • Driving Licence
  • Voter ID
Address Proof
  • Utility Bills
  • Rental Agreement
  • Passport
Other Documents
  • Recent passport-size photos
  • Income proof documents for the last 3 months
  • Bank statements for the last 6 months
  • One cancelled cheque and ACH form for the Electronic Clearing Mandate (eNACH)
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Branches Nearby Residency Road Offering Personal Loan

Business Hours

Timing
  • Monday: 09:00 AM - 05:00 PM
  • Tuesday: 09:00 AM - 05:00 PM
  • Wednesday: 09:00 AM - 05:00 PM
  • Thursday: 09:00 AM - 05:00 PM
  • Friday: 09:00 AM - 05:00 PM
  • Saturday: 09:00 AM - 01:30 PM
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Payment Methods

  • Cash Payment
  • Net Banking
  • Debit Card
  • UPI
  • QR Code Payment
  • RTGS and NEFT Transfer
  • Cheque Payment

FAQs

To be eligible for a personal loan at Shriram Finance Residency Road, you must be an Indian resident aged 18 years or above with a stable source of income. Both salaried and self-employed individuals can apply. Eligibility depends on income, repayment capacity, and credit profile.

You’ll need to submit Aadhaar Card (mandatory), PAN Card (mandatory), Address Proof (Aadhaar, Utility Bill, Voter ID, Driving Licence, or Passport), and Income Proof (salary slips, bank statements, or ITR). A recent passport-size photograph is also required.

The personal loan interest rate at Shriram Finance Residency Road generally starts from 11%* p.a. Rates vary based on income, credit score, loan amount, and tenure. Contact the Residency Road or visit the website for updated rates.

Personal loan approvals at Shriram Finance Residency Road are quick. Once your documents are verified, the loan is typically approved and disbursed within 24–48 hours.

The maximum loan amount depends on your income, credit history, and repayment capacity. Shriram Finance Residency Road offers flexible loan amounts tailored to individual financial needs.

Shriram Finance Residency Road offers flexible tenures ranging from 12 to 60 months. You can choose a suitable tenure based on your monthly budget.

No, personal loans offered at Shriram Finance Residency Road are unsecured. You don’t need to pledge any asset or guarantor unless required in specific cases.

Yes, you can apply online via the Shriram Finance website or Shriram One app. You can also complete the process offline at the Residency Road based on convenience.

Yes, a nominal processing fee is applicable. The exact fee depends on the loan amount and scheme chosen and will be disclosed during the application.

EMIs are calculated based on the loan amount, interest rate, and tenure. You can use the EMI calculator available on the Shriram Finance website for instant calculations.

Yes, you can pre-close your personal loan anytime. Pre-closure charges, if applicable, are shared as per your loan agreement.

Yes, you may still be eligible. The Shriram Finance Residency Road team will assess your income and financial stability while deciding your eligibility.

Missing EMIs may lead to late charges and may affect your future loan eligibility. If you anticipate any payment issues, contact the Shriram Finance Residency Road for assistance.

A guarantor is not usually required. However, in cases of low income or limited credit history, a guarantor may be requested.

You can visit the branch at 50, No 302, Gold Tower, Shopp Cum Office Cplx Residency Road Bengaluru-560025 or call our 18004107711. You can also use the Shriram Finance website or Shriram One app to raise a service request.

Why Choose Shriram Finance for Your Personal Loan in Residency Road

45+
Years of Trust
90 Lakhs+
Satisfied Customer
3500+
Branches Nationwide
25,000
Committed Employees