Shriram Finance Limited Personal Loan Interest Rates

Interest rates on personal loans represent the cost of borrowing funds. Lenders set these rates based on factors such as creditworthiness and market conditions. Shriram Finance Limited’s personal loan rate of interest starts at 11% p.a., which is competitive in the lending market. 

Before applying, compare this rate with those of other lenders to evaluate affordability. Ensure that you are also aware of other applicable charges, and borrow smartly.

Shriram Finance Limited's personal loan is an unsecured credit facility that will let you borrow a fixed amount and repay it in EMIs. Here are the factors that influence the personal loan interest rates:

• Credit Score

Lenders review your cibil score to assess repayment history. A high score indicates a lower risk of default and can help you secure better rates. Timely repayments can help you maintain a good score.

• Income Level and Stability

Shriram Finance Limited will evaluate your repayment capacity. Stable, higher incomes with low debt obligations can reduce risk perception and help you get lower interest rates.

• Debt-to-Income Ratio (DTI)

A lower DTI indicates a lighter financial burden, as a lower amount of your income is allocated toward debt payment. This can make you eligible for more favourable rates and terms. 

• Loan Amount and Tenure

Larger amounts or longer tenures may lead to higher rates. Choosing a suitable amount and shorter tenure often reduces interest costs.

• Economic Conditions

Inflation or uncertainty can lead to higher interest rates. Staying aware of market trends can help you plan when to borrow more affordably.

The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort. The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.