🇮🇳 India

Shriram Finance Last updated2026-05-28

Shriram Finance EMI Calculator 2026 rates.

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Quick answer

Shriram Finance home loan rate starts at 11% (typical 13%) as of 2026. A ₹50 lakh loan at 13% over 20 years = an EMI of approximately ₹58,579/month.

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EMI Calculator

Live

Loan Amount

₹

₹25.00 L

Interest Rate (p.a.)

Tenure (years)

Monthly EMI

₹21,696

/month

Total Interest

₹27.07 L

52% of total

Total Payable

₹52.07 L

over 20 years

Principal vs Interest Split

48% principal

52% interest

✨ Live · For home, personal, auto, education loans · Excludes processing fees

📊 Current rates

Shriram Finance loan rates (May 2026)

🏠 Home Loan

11–16.5%

typical: 13% p.a.

💵 Personal Loan

12–26%

typical: 16% p.a.

🚗 Car Loan

9.5–18%

typical: 12.5% p.a.

💳 Processing Fee

2.0% of loan amount (capped at Rs. 35000)

🔁 Prepayment

Zero foreclosure charges on floating-rate home loans per RBI guidelines. 2-5% charges on fixed-rate, vehicle, and personal loans in early tenure, reducing over time.

About Shriram Finance

Why choose Shriram Finance?

Shriram Finance was formed by the 2022 merger of Shriram Transport Finance and Shriram City Union Finance, creating India's largest retail NBFC with AUM exceeding Rs. 2.3 lakh crore. It dominates the used commercial vehicle, two-wheeler, and self-employed segment in semi-urban and rural India. Its risk-based pricing serves customers who often struggle to get loans from traditional banks.

🎯 Unique angle

Product highlights

✓ used commercial vehicle owners
✓ small business owners
✓ self-employed in tier-2/3 cities
✓ two-wheeler buyers

❓ Shriram Finance FAQ

Common questions.

Who should apply for a Shriram Finance loan?

Shriram Finance is ideal for self-employed individuals, small fleet operators, used vehicle buyers, and customers in tier-2/3 cities who lack formal income documentation. Their underwriting evaluates cash flows over credit scores, making them accessible to first-time borrowers.

How does Shriram Finance differ from banks?

Unlike banks, Shriram specializes in informal-sector lending with relationship-based underwriting. Rates are 200-400 basis points higher than banks but approval is far easier for self-employed without GST/ITR. They lead the used CV financing market with 25%+ share.

What is the eligibility for Shriram Finance home and vehicle loans?

For vehicle loans, age 21-65, minimum 2 years stable income, and valid driving license/RC are required. For home loans, salaried need Rs. 25,000+ monthly income, self-employed need 3 years business vintage. CIBIL above 650 is preferred but cash-flow-based approvals exist.

What is the processing time at Shriram Finance?

Vehicle loans are typically disbursed in 24-48 hours after document submission at branch. Home loans take 5-10 working days. Field officers visit applicants for in-person verification, especially in rural and semi-urban locations.

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