Regulated NBFCSelf-Employed & Tradersunsecured

Shriram Finance Personal Loan

श्रीराम फाइनेंस पर्सनल लोन

Shriram Finance personal loan for small business owners and salaried individuals up to ₹15 Lakhs.

Max Loan Amount

₹25,000 to ₹15,00,000

Interest Rate

12.00% - 26.00% p.a. (risk-grade fixed)

Tenure

12 to 60 months

Processing Fee

Up to 3.00% of loan amount + GST

✦ What It Is: Product Architecture & Regulatory Scope

Shriram Finance's retail personal credit facility designed for small business owners, traders, self-employed individuals, and salaried professionals across semi-urban and urban markets.

What is Missing: Honest MITC Policy Gaps, Hidden Clauses & Extra Charges

Eligo consumer protection notice: Bank brochures, DSA telecallers, and comparison portals rarely disclose these conditions. Read carefully before signing.

• Higher interest rate floor (starts at 12.00%). • Foreclosure penalty of 3% to 4% + GST applies after 6 months. • Processing fee deducted upfront from disbursement.

✦ Key Benefits & Features

• High loan quantum up to ₹15 Lakhs without pledging collateral • Deep branch presence across India with over 3,000 branches • Flexible income assessment for non-salaried business owners • Repayment tenure up to 5 years (60 months).

✦ Prepayment, Part-Payment & Foreclosure Rules

Prepayment allowed after 6 months; 3% to 4% foreclosure charges apply.

✦ Eligibility Requirements

Self-employed individuals, traders, and salaried employees with verifiable income. Min Age: 21, Max Age: 65. Min Monthly Income: ₹15,000. Min CIBIL: 680.

Min Age21 Years

Max Age65 Years

Min Monthly Income₹15,000

Min CIBIL Score680+

✦ Documents Required

• Identity Proof: PAN Card and Aadhaar Card • Income Proof: Last 3 months payslips or business income proof • Banking: Last 6 months bank statement.

✦ Exact How-To-Apply Process (3 Pathways)

Depending on your current relationship with the bank, select the corresponding application journey:

Pathway A

Existing / Pre-Approved Customers

1. Existing Shriram customers apply via Shriram One App with fast-track credit.

Pathway B

New Online Applicant (Fresh Digital)

1. Visit shriramfinance.in > Personal Loan. Submit application and upload income proofs.

Pathway C

Branch Walk-In Application

1. Visit nearest Shriram Finance branch with KYC, income proof, and bank statements.

Official Sourcing & MITC Verification

180-Day Re-Verification SLA · Last Verified: 2026-09-28

Eligo does not collect personal loan applications, sell user data to DSA telecallers, or receive affiliate commissions. All terms shown are extracted directly from official bank circulars, Most Important Terms and Conditions (MITC), and Key Fact Statements (KFS) under RBI guidelines.

Visit Official Lender Portal (Shriram Finance Official Portal)View Official MITC / Schedule of Charges RBI Key Fact Statement (KFS) Reference

Frequently Asked Questions on Shriram Finance Personal Loan

Can small business owners apply?

Yes, Shriram Finance specializes in catering to small business owners and traders with flexible income proofs.

What is the maximum loan limit?

Up to ₹15 Lakhs depending on your cash flow and credit score.

What is the processing fee?

Up to 3.00% of the loan amount plus GST.