Personal Loan at Shree Krishna Finance Raipur

Fees and Charges for Personal Loans from Shree Krishna Finance

When you think about applying for a personal loan, the most important thing is the interest rates and the other fees involved. Check out this table to know more-

Type of feeApplicable charges
Rate of interest11% to 35% p.a.
Processing feesUp to 3.93% of the loan amount (inclusive of applicable taxes).
Flexi FeeTerm Loan – Not applicable Flexi variant – A fee will be deducted upfront from the loan amount (as applicable below) Up to Rs. 1,999/- for loan amount less than Rs. 2,00,000 Up to Rs. 3,999/- for loan amount from Rs. 2,00,000 to Rs. 3,99,999 Up to Rs. 5,999/- for loan amount from Rs. 4,00,000 to Rs. 5,99,999 Up to Rs. 7,999/- for loan amount from Rs. 6,00,000 to Rs. 9,99,999 Up to Rs. 8,999/- for loan amount from Rs. 10,00,000 to Rs. 14,99,999 Up to Rs. 9,999/- for loan amount from Rs. 15,00,000 to Rs. 19,99,999 Up to Rs. 10,999/- for loan amount from Rs. 20,00,000 to Rs. 24,99,999 Up to Rs. 11,999/- for loan amount from Rs. 25,00,000 to Rs. 29,99,999 Up to Rs. 12,999/- for loan amount of Rs. 30,00,000 and above *All the Flexi charges above are inclusive of applicable taxes *Loan amount includes approved loan amount, insurance premium, and VAS charges.
Bounce chargesIn case of default of repayment instrument, Rs. 700 – Rs. 1,200 per bounce will be levied.
Pre-payment chargesFull Prepayment Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment. Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment. Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as of the date of full prepayment. Part-prepayment Term Loan: Up to 4.72% (inclusive of applicable taxes) of the
principal amount of the loan prepaid on the date of such part
Penal InterestAny delay in payment of monthly instalment shall attract penal interest at
the rate of 3.50% per month on the monthly instalment outstanding, from
the respective due date until the date of receipt of the monthly instalment.
Stamp dutyPayable as per state laws and deducted upfront from loan amount.
Mandate registration chargesRe. 1 (inclusive of applicable taxes) applicable in case of UPI mandate
registration
Mandate rejection chargesRs. 450 per month from the first month of the due date for the mandate rejected by customer’s bank until the registration of new mandate.
Annual maintenance chargesTerm Loan: Not applicable
Flexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable
taxes) of the total withdrawable amount (as per the repayment schedule)
on the date of levy of such charges.
Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the total
withdrawable amount during the initial tenure. Up to 0.295% (inclusive of
applicable taxes) of total withdrawable amount during subsequent tenure.
Broken Period Interest/ Pre-EMI InterestBroken period interest/ Pre-EMI interest shall mean the amount of interest
on Loan for the number of day(s) which is(are) charged in two scenarios:
Scenario 1 – More than 30 days from the date of loan disbursal till the first
EMI is charged:
In this scenario, broken period interest is recovered by the following
methods:
For Term Loan: Deducted from the loan disbursement
For Flexi Term Loan: Added to the first instalment
For Flexi Hybrid Loan: Added to the first instalment
Scenario 2 – Less than 30 days from the date of loan disbursal till the first
EMI is charged:
In this scenario, interest is charged only for the actual number of days
since the loan was disbursed.
 

How to Apply for a Personal Loan

Applying for a personal loan from Shree Krishna Finance in Raipur is a straightforward process. Here are the steps involved:
Step 1: Check Eligibility: 

Visit the Shree Krishna Finance website and provide the necessary details to check your eligibility for the loan. This process usually takes just 2 minutes.

Step 2: Select Loan Tenure: 

Once you are eligible, choose the desired loan amount and select a repayment tenure that suits your needs from the options provided.

Step 3: Upload Documents: 

Upload the required documents as specified by Shree Krishna Finance. 

Step 4: Amount Disbursed: 

After your documents are verified and the loan agreement is signed, Shree Krishna Finance will disburse the loan amount into your bank account. In most cases, you can expect the funds to be credited within 24 hours.

 

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For More Details Contact With Us

For more details and further inquiries, please don’t hesitate to contact us. Our dedicated team at Shree Krishna Finance is here to assist you and provide the necessary information you need.

 
 
Call Now - +91-6232600308

Frequently Asked Questions.

  • The applicant’s age should be between 21 and 57 years.
  • Income should be credited directly to their bank account.
  • Minimum monthly income requirement is Rs. 13,500 for salaried individuals and Rs. 15,000 for self-employed individuals.
  • CIBIL score should be above 600 or Experian score should be above 650.
 
 
 
 

You can check your eligibility within 2 minutes by visiting the Shree Krishna Finance website and providing the required details.

 
 
 
 

No, Shree Krishna Finance provides unsecured loans, so no collateral or guarantor is required.

 
 
 
 
  • The loan amount ranges from Rs. 5,000 to Rs. 5 lakh, depending on your eligibility.
  • You can choose a loan tenure from 12 months to 60 months, based on your eligibility and repayment capacity.
 
 
 
 

Once your documents are verified and you have signed the loan agreement, the loan amount is typically disbursed within 24 hours.

 
 
 
 
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