Shriram Finance Personal Loan

Shriram Finance is a well-known name in India’s retail lending space, offering a wide range of financial products such as personal loans, vehicle finance, fixed deposits, and insurance solutions. Over the years, it has supported the everyday financial needs of salaried individuals, self-employed professionals, and small business owners across the country.

Personal loans from Shriram Finance are designed to help customers manage planned and unplanned expenses such as weddings, travel, medical needs, or home-related costs. With a simple online application process and quick approval timelines, borrowers can access funds conveniently without lengthy paperwork. The loan comes with flexible repayment options, making it easier to manage EMIs alongside regular monthly expenses.

Shriram Finance Personal Loan Details

Key Features of Shriram Finance Personal Loan

1. High Loan Amounts – Borrow funds up to ₹10 lakh to meet personal expenses such as medical needs, wedding, travel, education, or home improvement, based on your eligibility.

2. Competitive Interest Rates – Personal loan interest rates start from around 11% p.a., with the final rate depending on your credit profile, income, and loan terms.

3. Flexible Repayment Options – Repay your loan through manageable EMIs with tenures ranging from 12 to 60 months. They can also foreclose the loan earlier with a nominal foreclosure charge of just 4%.

4. No Collateral Required – These are unsecured personal loans, so you don’t need to pledge any asset or provide security to avail the loan.

5. Fast Processing & Disbursal – Once approved, the loan amount is usually credited to your bank account within a short time, helping you manage urgent financial needs.

6. Fully Digital Application Process – The application process is largely digital and can be completed online with minimal paperwork, making it quick and convenient to apply from anywhere.

Shriram Finance Personal Loan Interest Rates 2026

Shriram Finance offers personal loans with interest rates starting from around 11% p.a., making it a competitive option for borrowers looking for affordable financing. The final rate you receive is personalized and depends on factors such as your credit score, income stability, loan amount, and repayment tenure.

Borrowers with a strong repayment history and steady income may qualify for lower rates, while applicants with limited credit history or higher risk profiles may be offered slightly higher rates. Checking your eligibility online helps you get a clearer estimate of the interest rate applicable to your profile before you apply.

Types of Shriram Finance Personal Loans

Personal loans are unsecured loans that don’t have any end usage restriction. They can be used for any purpose like travel, wedding, home renovations, medical emergencies etc. Some types of personal loans offered by Shriram Finance are as follows:

• Wedding Expenses

  Planning a wedding often comes with heavy expenses beyond expectations. A personal loan from Shriram Finance can help you manage costs related to venue booking, catering, decoration, outfits, photography, and other wedding arrangements, without disturbing your savings.

• Travel & Holiday

  If you’ve been postponing your travel plans due to budget constraints, a personal loan can make your trip possible. It can be used to cover flight tickets, accommodation, local travel, tour packages, and other holiday-related expenses, helping you enjoy your trip without financial stress.

• Medical Emergency Support

  Medical emergencies can arise without warning and often involve high out-of-pocket expenses. Shriram Finance personal loans can provide quick financial support for hospital bills, treatments, surgeries, medicines, and post-treatment care that may not be fully covered by health insurance.

• Consumer Durable Purchases

  Upgrading your home with essential appliances and furniture becomes easier with personal loan funding. You can use the loan amount to purchase items such as refrigerators, washing machines, air conditioners, furniture, or kitchen equipment, and repay the cost in manageable EMIs.

• Personal Loan for Women

  Women entrepreneurs and working professionals can use personal loans to support business-related and personal needs. The funds can be utilised for managing daily expenses, purchasing raw materials, setting up small ventures, or handling short-term cash requirements.

• Home Renovation & Improvement

  Whether it’s repainting your home, fixing plumbing issues, upgrading interiors, or renovating specific areas, personal loans can help cover renovation costs. This allows you to improve your living space without dipping into long-term savings.

• Education & Skill Development

  For students aspiring to achieve academic excellence, Shriram Finance offers personal loans to cover educational expenses. Whether it’s for tuition fees, buying study materials, or attending skill development courses, this loan ensures that financial constraints don’t hinder your academic growth.

• Planning for Your Child’s Future

  Large family expenses such as children’s education, coaching, or milestone events often require advance financial planning. A personal loan can help you manage these costs smoothly, with structured EMIs that spread the burden over time.

• Festival & Seasonal Expenses

  Festive seasons usually bring additional spending on shopping, gifts, travel, and home-related purchases. A personal loan can help you manage these seasonal expenses comfortably, allowing you to celebrate without immediate financial pressure.

Shriram Finance Personal Loan Eligibility Criteria

Below is a detailed overview of the primary eligibility conditions that applicants need to meet before proceeding with the loan application.

Self-employed businessmen and professionals can apply for Shriram Finance Business loans. If you are looking for Business Loans, click here to learn about the key features of top business loans in the market today!

Documents Required

Prepare the following documents before starting your application

Fees & Charges

Here’s a quick look at the fees and charges you should be aware of before applying –

How to Apply for Shriram Finance Personal Loan Online?

Shriram Finance now offers a completely digital process to apply for their Personal Loans. You can apply either on their website or through their mobile app ‘Shriram One: Loan, FD, UPI’. It’s available on both Google Playstore and Apple Appstore.

1. Register on the Shriram Finance website or app using your mobile number.

2. Go to Personal Loans, enter your mobile number, pin code and employment type.

3. Click on "Apply Now".

4. Verify your personal details.

5. Choose the personal loan amount you wish to borrow, and the repayment tenure that suits your needs.

6. In the next step, verify your bank account details.

7. Submit the loan application.

8. After processing and verification by a representative from Shriram Finance, the loan amount is credited to your bank account.

Shriram Finance Personal Loan EMI Payment Methods

• Shriram One App: Pay your EMIs anytime using the Shriram One App with a secure login, real-time payment updates, and instant digital receipts for your records.
• Official Shriram Finance Website: Customers can make EMI payments on the official Shriram Finance website by entering their 10-digit registered mobile number, completing OTP verification, and paying via net banking or debit card.
• Auto-Debit (NACH/ECS): Activate automatic EMI deductions from your bank account to avoid missed due dates and late fees. This option offers hassle-free, on-time monthly repayments.
• UPI & Digital Wallets: Clear your EMIs instantly using UPI apps or supported digital wallets for quick, convenient payments, especially useful for last-minute dues.
• BBPS (Bharat Bill Payment System): Use the BBPS platform to pay your loan EMIs through banks, apps, or authorised channels, with standardized billing and confirmation for every transaction.

Shriram Finance Personal Loan Customer Care

Shriram Finance has a dedicated customer support team to assist you with any questions or concerns related to your loan account.

Frequently Asked Questions

Disclaimer: This page includes information that has been compiled from many sources and is only offered for informational purposes. Since this type of data might change over time, we cannot guarantee that the information supplied or included within it is accurate. It is anticipated that the user would confirm with the relevant source prior to taking any choices or actions.

GRO details

Mr. Vasanthkumar K

Digital Grievance Redressal Officer

Shriram Finance Limited

12 Ramasamy Street, T Nagar,

Chennai 600 017

Contact no. 044-46068200

Email: support@shriramfinance.in