Shriram Finance Loan Repayment

You can complete your Shriram Finance Loan payment through online and offline channels. The Shriram Finance Loan repayment methods aim to offer convenience and flexibility.

Below are simple steps for online loan EMI repayment:

1. Visit the Official Website - Go to the official website, then look for the section for payment

2. Enter Loan Details - Add your registered mobile number, loan account number, agreement number, or customer ID

3. Verify with OTP - You must verify your identity using the OTP sent to your registered mobile number

4. Select Payment Method - Choose from net banking, cards, UPI, or digital wallet options

5. Confirm Payment - Review details and confirm

You will receive a digital acknowledgement instantly.

Offline methods:

1. Branch Visit - Visit any authorised branch and provide your loan number and pay using a cheque, cash, or DD.

2. NACH / Auto Debit - Set auto debit for automatic monthly instalments to ensure timely Shriram Finance Loan EMI settlement without manual action.

To calculate your Shriram Finance Personal Loan EMI, you will need the following information: principal loan amount, the applicable personal loan interest rate, and the loan tenure. These inputs determine your fixed monthly EMI until the loan is fully repaid.

Details required to calculate personal loan EMI:

• Loan Amount (Principal): The approved loan amount

• Interest Rate: The annual rate charged by Shriram Finance

• Repayment Period: The duration of the loan in months or years
  

EMI Formula:

EMI = [P × r × (1 + r)^n] ÷ [(1 + r)^n – 1]

Where:

• P = Principal

• r = Monthly interest rate (Annual Rate ÷ 12 ÷ 100)

• n = Repayment tenure in months

Example:
For a loan of ₹1,00,000 at an annual interest rate of 10% over 24 months:

• Principal (P) = ₹1,00,000

• Monthly interest rate (r) = 0.00833

• Tenure (n) = 24 months

Applying the EMI formula, the estimated monthly instalment is approximately ₹4,947, subject to the final applicable terms.

Additional charges may apply based on repayment activity or service requests on your low interest personal loans.

• Late Payment Fee: Imposed for delayed EMI payments

• Foreclosure Charges: Applicable for early loan closure

• Part-payment Charges: Charged for partial balance payments during tenure

• Cheque Bounce Penalty: Applied if cheque-based repayment fails

• Duplicate Statement Fee: Applicable for additional copies of loan statements

Disclaimer: Fees and terms are indicative and may vary depending on loan type, repayment method, or lender policy. Customers should confirm updated charges with Shriram Finance.

All examples and repayment details provided are for informational purposes only and may vary depending on loan approval, lender policies, and customer eligibility. Please review the official Shriram Finance terms and conditions before making any decisions.