Learn how Shriram Finance Loan repayment works, including payment methods, due dates, and charges. Understand how to ensure timely and seamless EMI payments.
Shriram Finance Personal Loan repayment is simple, quick, and flexible. You can get easy access to online and offline payment modes. This guide helps you understand how to manage Shriram Finance Loan repayment efficiently. You will learn about available payment modes, charges, and how to calculate personal loan EMI. Additionally, you get helpful links, FAQs, and repayment tips. Use the information wisely for a smooth repayment journey.
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:
Visit the Official Website - Go to the official website, then look for the section for payment
Enter Loan Details - Add your registered mobile number, loan account number, agreement number, or customer ID
Verify with OTP - You must verify your identity using the OTP sent to your registered mobile number
Select Payment Method - Choose from net banking, cards, UPI, or digital wallet options
Confirm Payment - Review details and confirm
You will receive a digital acknowledgement instantly.
Offline methods:
Branch Visit - Visit any authorised branch and provide your loan number and pay using a cheque, cash, or DD.
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.
You can check your loan statement online using your registered details or by contacting customer support.
Log in to the Shriram Finance Loan payment portal to access your payment schedule, view settled EMIs, check pending dues, and download past receipts.
You can make Shriram Finance Loan payment online through UPI, digital wallets, cards, and net banking or offline via branch, NACH, and cheque.
Missing a payment may attract interest and penalties. It can also affect your credit score if unresolved.
Log in to your Shriram Finance online account on the website and download your EMI receipts from the Payments section, or contact support for help.
Check your Shriram Finance loan status by logging into your online account or by contacting customer care with your loan agreement number. You can also visit the nearest branch for an update.
Yes, you can pay using the official payment portal and supported digital modes for secure and fast processing.
You can check your loan balance by signing in to your Shriram Finance online account or by requesting an update through customer care or a nearby branch.