Shriram Finance Pre-approved Personal Loan

Shriram Finance offers pre-approved personal loans up to ₹10 Lakhs with interest rates starting at 11% p.a. The lender provides flexible repayment tenures of up to 60 months. 

One of the benefits of a Shriram Finance Pre-approved Personal Loan is that you can enjoy quick approval and faster disbursal in just 72 hours. Whether it is vacation, home renovation, medical emergency, or wedding expenses, you can meet your financial needs with ease.

Shriram Finance pre-approved personal loan offers quick access to funds with minimal hassle. Here’s a snapshot of what it provides:

• No requirement for collateral

• Loans are processed and credited within 72 hours

• Funds may be used for multiple purposes without restrictions

• Periodic alerts on your registered mobile and email keep you updated on EMIs

Shriram Finance pre-approved Personal Loans have simple eligibility terms. You can qualify if:

• You are a resident Indian

• You are salaried or non-salaried

• Your age is at least 21 years

• Your age is less than 60 years at the end of the loan tenure

The lender may also take your credit score and income into consideration before rolling out a pre-approved offer to you.

A pre-approved loan from Shriram Finance provides quick funds while offering convenience of applying online. Follow these steps: 

1. Visit the official website of Shriram Finance

2. Select ‘Personal Loans’ under the ‘Loans’ category

3. Under the ‘Apply Now’ section, enter the mobile number and Pincode and select your employment type

4. Give consent to share your personal details and click on the ‘Apply Now’ button

5. Choose the desired loan amount and tenure

6. Provide your bank details to complete the process

Here are the advantages of applying for a Shriram Finance pre-approved loan through Bajaj Markets:

• Affordable Interest Rates

Enjoy borrowing at interest rates starting from 9.99% per annum, which makes repayment more manageable. A lower rate means reduced financial burden and easier long-term planning.

• Minimal Documentation

The entire process is digital, so you can complete it quickly without paperwork hassles. Simply upload your required documents online, anytime and from anywhere.

• Convenient Repayment Options

You can repay the loan within a flexible tenure of up to 90 days. This gives you the freedom to choose an EMI structure that aligns with your repayment capacity.

• Clear Fee Structure

Every applicable fee is disclosed at the beginning of the loan journey. This ensures complete clarity and safeguards you from unexpected charges.

• Choice of Lenders

Get access to personal loan offers from multiple reputed lenders in one place. You can easily compare them and choose the option that best fits your needs.

• Fast Loan Processing

Once your loan is approved, the funds are transferred to your bank account within 24 hours. This ensures quick financial support whenever you need it

Following certain strategies can enhance your likelihood of securing a pre-approved personal loan offer from the lender. These include:

• Maintain a Strong Credit Score

Aim for a credit score of 750 or higher to demonstrate your financial credibility. Repay all loan EMIs and credit card dues on time, and avoid applying for multiple loans simultaneously to maintain a healthy credit profile.

• Stable Employment and Income

A steady job and consistent monthly income improve your eligibility for pre-approved offers. Lenders prefer borrowers with a reliable employment history and sufficient income to manage repayments.

• Meet the Eligibility Criteria

Ensure you meet Shriram Finance’s eligibility requirements. Meeting these criteria improves your chances of approval.

• Manage Your Existing Debt

Keep your debt-to-income ratio low by reducing outstanding loans and credit card balances. This shows the lender that you can comfortably manage the repayment of a new loan.