By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Latest World News UpdateLatest World News UpdateLatest World News Update
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Reading: Transparency in Personal Loan Fees and Charges: What You Should Know – World News Network
Share
Notification Show More
Font ResizerAa
Latest World News UpdateLatest World News Update
Font ResizerAa
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Latest World News Update > Blog > Business > Transparency in Personal Loan Fees and Charges: What You Should Know – World News Network
Business

Transparency in Personal Loan Fees and Charges: What You Should Know – World News Network

worldnewsnetwork
Last updated: March 13, 2025 12:00 am
worldnewsnetwork 4 months ago
Share
SHARE

NewsVoir
Mumbai (Maharashtra) [India], March 13: Personal loans have emerged as a popular choice for individuals seeking quick access to funds for a diverse range of reasons. Many financial institutions these days offer collateral-free personal loans, at competitive interest rates, making them easily accessible for people from all walks of life. However, with the convenience of these loans comes the importance of understanding the associated fees and charges. To ensure informed decision-making, borrowers should be aware of the factors that determine the fees and charges of personal loans.
Shriram Finance, a reputed Non-Banking Financial Company (NBFC) maintains transparency in the fees and charges of Shriram Personal Loan, making it one of the top choices in the personal loan landscape.
Things to Understand About Personal Loan Fees and Charges
Discussed below are a few things that applicants must understand about the interest rates, and fees and charges of personal loans to make an informed borrowing decision:
1. Interest Rates:
Annual Percentage Rate (APR): The APR represents the total cost of borrowing, including interest and other fees. Compare APRs from different lenders to identify the most affordable option.
2. Processing Fees:
* One-Time Charge: Processing fees are typically a one-time charge levied by lenders to cover administrative costs associated with processing the loan application.
* Percentage of Loan Amount: Depending on the financial institution’s policies, processing fees can often be expressed as a percentage of the loan amount.
3. Prepayment Charges:
* Penalty for Early Repayment: Some loan providers may impose prepayment or foreclosure charges if you decide to repay the loan before the scheduled term.
* Discuss with your loan provider to gain a holistic picture of these charges.
* Check for Waiver Options: Enquire about any waiver options or conditions for prepayment charges.
4. Late Payment Fees:
* Penalty for Missed Payments: Late payment fees are incurred when you fail to make a payment on the due date.
* Impact on Credit Score: Late payments can negatively impact your credit score. Enable auto-debit options to avoid late payments and therefore, negatively affecting your credit score.
5. Other Charges:
* Documentation Charges: These fees may be charged for document verification and processing.
* Stamp Duty: In some jurisdictions, stamp duty may be applicable on loan agreements.
By understanding the various fees and charges associated with personal loans, borrowers can make informed decisions and choose the most suitable loan option for their financial needs.
Fees and Charges of Shriram Personal Loan
Besides the compelling features and competitive interest rates, one of the more important reasons for borrowers to opt for Shriram Personal Loan is its transparency in fees and charges.
The interest rate for Shriram Personal Loan starts at 12%* p.a. and could be tailored to your requirements and financial profile. Additionally, with a minimal processing fee of up to 5%* and foreclosure charges of up to 4%*, applicants can save on the total cost of the loan and manage the outflow of cash effectively.
Here are some more advantages of applying for a personal loan from Shriram Finance:
* Collateral-Free Loans: Shriram Finance offers the option of applying for collateral-free loans up to Rs10,00,000*.
* Quick Approvals: You could also be pre-approved for a Shriram Personal Loan, making loan approval quick.
* Easy Repayment Options: With loan tenures ranging from 12* to 60* months, you can choose a repayment term that eases your EMI burden.
* Fully Digital Experience: Borrowers can start their loan application journey from the comfort of their homes with the option to effortlessly upload the required documents online.
* Regular Payment Reminders: Shriram Finance sends periodical alerts about EMI payments to your registered phone number, enabling you to make timely payments and avoid late payment charges.
Conclusion
With personal loans becoming increasingly simple to apply and be sanctioned for, understanding the fees and charges associated with them is non-negotiable. Comparing the loan products from different lenders can help you make a wise choice and apply for the loan that suits your financial profile the best.
Shriram Personal Loan, with its appealing features and benefits, can be one of the top choices while shopping around for loans. Whether you are looking to fund your dream wedding or cater to a medical emergency, Shriram Finance is here to support your needs.
*Above mentioned loan amount, rates and tenure are as per the company’s Digital Personal Loan Policy
Shriram Finance is a leading diversified financial services company in India, offering a wide range of financial products and services across consumer, wholesale, and business finance segments. The company has a strong presence pan India with a network of 3,196 branches and an employee strength of 79,405 with an AUM of Rs. 254,469 crores. With a focus on financial inclusion and customer-centricity, Shriram Finance continues to empower individuals and businesses to achieve their financial goals.
(ADVERTORIAL DISCLAIMER: The above press release has been provided by NewsVoir. ANI will not be responsible in any way for the content of the same)

Contents
WORLD MEDIA NETWORKPRESS RELEASE DISTRIBUTIONPress releases distribution in 166 countriesPress releases in all languagesPress releases in Indian LanguagesIndia PackagesEurope PackagesAsia PackagesMiddle East & Africa PackagesSouth America PackagesUSA & Canada PackagesOceania PackagesCis Countries PackagesWorld Packages

Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

sponsored by

WORLD MEDIA NETWORK


PRESS RELEASE DISTRIBUTION

Press releases distribution in 166 countries

EUROPE UK, INDIA, MIDDLE EAST, AFRICA, FRANCE, NETHERLANDS, BELGIUM, ITALY, SPAIN, GERMANY, AUSTRIA, SWITZERLAND, SOUTHEAST ASIA, JAPAN, SOUTH KOREA, GREATER CHINA, VIETNAM, THAILAND, INDONESIA, MALAYSIA, SOUTH AMERICA, RUSSIA, CIS COUNTRIES, AUSTRALIA, NEW ZEALAND AND MORE

Press releases in all languages

ENGLISH, GERMAN, DUTCH, FRENCH, PORTUGUESE, ARABIC, JAPANESE, and KOREAN CHINESE, VIETNAMESE, INDONESIAN, THAI, MALAY, RUSSIAN. ITALIAN, SPANISH AND AFRICAN LANGUAGES

Press releases in Indian Languages

HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages

Email - support@worldmedianetwork.uk
Website - worldmedianetwork.uk

India Packages

Read More

Europe Packages

Read More

Asia Packages

Read More

Middle East & Africa Packages

Read More

South America Packages

Read More

USA & Canada Packages

Read More

Oceania Packages

Read More

Cis Countries Packages

Read More

World Packages

Read More
sponsored by

You Might Also Like

Smarten Power System Limited IPO Opens on July 07, 2025 – World News Network

Mrs. India One in a Million 2025 – Season 5 Alka Goel, 58, Redefines Womanhood Zonal Winner (Central) – World News Network

Grab a Matcha – Now at Tim Hortons® India! – World News Network

Kauvery Hospital Tirunelveli done a Complex High-risk Indicated PCI (CHIP) procedure – World News Network

Real Estate’s Leading Voices Recognised at The 7th Global Real Estate Brand Awards 2025 – World News Network

Share This Article
Facebook Twitter Email Print
Previous Article KKR’s IPL 2024 trophy tours Kolkata in iconic yellow ambassador taxi – World News Network
Next Article Increasing contrasts in young people’s mental wellbeing: Study – World News Network
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -

Latest News

New tech tracks blood sodium without needle: Study – World News Network
Health 5 days ago
A look at ‘Pehla Tu Duja Tu’ song from Ajay Devgn, Mrunal Thakur-starrer ‘Son of Sardaar 2’ – World News Network
Entertainment 5 days ago
Sean ‘Diddy’ Combs gets standing ovation from fellow inmates after court verdict – World News Network
Entertainment 5 days ago
WATCH: Check out how Masaba Gupta, Neena Gupta are ‘entertaining’ Matara – World News Network
Entertainment 5 days ago

Sports

AIFF announces reward for fantastic Blue Tigresses – World News Network
Sports
Outer Delhi Warriors wrap up successful Delhi Premier League 2025 auction with 25 firepower picks – World News Network
Sports

Popular Category

  • Business
  • Entertainment
  • Health
  • National
  • Videos
  • Gujarati

Popular Category

  • Hindi
  • Lifestyle
  • Marathi
  • National
  • Science
  • Sports
  • Tech
  • World

Entertainment

Cierra Ortega exits ‘Love Island USA’ amid social media backlash against her over resurfaced post – World News Network
Entertainment
“Leave me out of it”: Mahershala Ali jokes about Marvel’s ‘Blade Reboot’ delay – World News Network
Entertainment
Copyright © 2023 World News Network. All Rights Reserved.
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?