Personal Loan at Shree Krishna Finance Raipur
Shree Krishna Finance offers personal loans in Raipur with several benefits that cater to the needs of borrowers. Here are the advantages of applying for a personal loan from Shree Krishna Finance:
No Collateral Required: Shree Krishna Finance provides unsecured loans, eliminating the need for collateral or guarantors. This simplifies the loan application process.
Digital Documentation: The entire loan application process is paperless, saving you time and effort. You can complete the application online, making it convenient and hassle-free.
Low Credit Score Loans: Shree Krishna Finance considers applicants with a minimum CIBIL score of 600, making personal loans accessible to a wider range of individuals.
Flexible Tenure Options: You have the flexibility to choose a loan tenure ranging from 12 months to 60 months, based on your eligibility and repayment capacity.
Affordable Interest Rates: Shree Krishna Finance offers competitive interest rates, starting from as low as 1.33% per month. This ensures that your loan is more affordable and manageable.
Flexible Loan Amount: Depending on your eligibility, you can borrow a loan amount ranging from Rs. 5,000 to Rs. 5 lakh, allowing you to meet your specific financial requirements.
Quick Eligibility Check: Shree Krishna Finance provides a quick eligibility check on their website, allowing you to determine your eligibility for a personal loan within just 2 minutes.
24-Hour Disbursal: Once the loan agreement is signed, and auto-debit is activated, you can expect to receive your loan amount within 24 hours in most cases, ensuring swift access to funds.
By offering these benefits, Shree Krishna Finance aims to provide a seamless and efficient personal loan experience to the residents of Raipur.
The eligibility criteria for a personal loan from Shree Krishna Finance are designed to be broad and inclusive. Here are the eligibility requirements:
Age: The applicant must be between 21 and 57 years old.
Income: The applicant's income must be credited directly to their bank account. The minimum income requirements are as follows:
- Monthly salary: Starting Rs. 25,001, based on the city you live in.
Credit Score: The applicant's CIBIL score should be above 600 or Experian score should be above 685. A good credit score indicates a higher likelihood of loan approval.
Meeting these eligibility criteria increases the chances of being approved for a personal loan from Shree Krishna Finance. However, it's important to note that meeting the eligibility criteria does not guarantee loan approval, as the final decision is subject to the lender's discretion and evaluation of additional factors.
The documents that you will need for a personal loan from Shree Krishna Finance are -
Identity Proof
Any of the following documents can be your identity proof -
- PAN Card - This is the main document we will require. If you are unable to provide this, any of the other options below can be given.
- Aadhaar Card
- Indian Passport
- Voter’s ID Card
- Driver’s License
You need to make sure that the image quality is good so that it is recognizable.
Address Proof
If your identity proof document was your PAN Card, you will need to furnish a separate address proof. Any of the following will suffice -
- Aadhaar Card
- Indian Passport
- Voter ID Card
- Driver’s License
- Electricity/Water/Gas Bills (dated within the past 60 days)
Income Proof (for Salaried Applicants)
As a salaried applicant, you will need to show the last 3 months’ bank statements of your salary account. You can send it in the PDF format, and it should show your salary credits clearly.
Income Proof (for Self-employed Applicants)
If you are a self-employed applicant, you will need to present your last 3 months’ bank statements in PDF format.
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 fee | Applicable charges |
| Rate of interest | 11% to 35% p.a. |
| Processing fees | Up to 3.93% of the loan amount (inclusive of applicable taxes). |
| Flexi Fee | Term 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 charges | In case of default of repayment instrument, Rs. 700 – Rs. 1,200 per bounce will be levied. |
| Pre-payment charges | Full 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 Interest | Any 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 duty | Payable as per state laws and deducted upfront from loan amount. |
| Mandate registration charges | Re. 1 (inclusive of applicable taxes) applicable in case of UPI mandate registration |
| Mandate rejection charges | Rs. 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 charges | Term 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 Interest | Broken 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.
Equerry Form
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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.
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.