Shriram Personal Loan in Mayur Vihar
Personal Loan Interest Rates and Charges in Mayur Vihar
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.
Shriram Finance Personal Loan Eligibility in Mayur Vihar
- You must be an Indian resident
- Minimum 21 years at application; maximum 60 years at loan closure
- 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.
Documents Required for Personal Loan in Mayur Vihar
Ensure that any one of the following documents listed for each category is present for loan processing.
- Aadhaar Card
- Passport
- Driving Licence
- Voter ID
- Utility Bills
- Rental Agreement
- Passport
- 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)
Branches Nearby Mayur Vihar Offering Personal Loan
- Laxmi Nagar 1
- No 407, 1th Floor, Laxmideep Building, District Centre
Laxmi Nagar
New Delhi - 110092 - Opens at 09:00 AM
- Call Now More Details Directions
- Noida 3
- No 414, Ocean Complex
Sector 18
Noida - 201301 - Opens at 09:00 AM
- Call Now More Details Directions
- Dilshad Garden
- Plot No 12, 2nd Floor, Block No 3, Apsara Cinema
Chikamberpur
Ghaziabad - 201001 - Near Dilshad Garden
- Opens at 09:00 AM
- Call Now More Details Directions
- Tughlakabad 1
- 1st Floor 12, Community Centre, Phase 1
Okhla Industrial Estate
New Delhi - 110020 - Near Kotak Mahindra Bank
- Opens at 09:00 AM
- Call Now More Details Directions
Business Hours
- 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
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 Mayur Vihar, 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 Mayur Vihar generally starts from 11%* p.a. Rates vary based on income, credit score, loan amount, and tenure. Contact the Mayur Vihar or visit the website for updated rates.
Personal loan approvals at Shriram Finance Mayur Vihar 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 Mayur Vihar offers flexible loan amounts tailored to individual financial needs.
Shriram Finance Mayur Vihar 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 Mayur Vihar 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 Mayur Vihar 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 Mayur Vihar 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 Mayur Vihar 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 No C/52, Verma Sales, Shashi Garden, Phase 1 Mayur Vihar New Delhi-110091 or call our 18004107711. You can also use the Shriram Finance website or Shriram One app to raise a service request.
