<h1>Understanding Personal Loan Fees: APR, Processing, and More. Shriram Finance Offers Transparent, Competitive Rates and Easy Digital Applications.</h1> Personal loans are increasingly popular due to their accessibility and competitive interest rates, but understanding associated fees is crucial for borrowers. Key fees include the Annual Percentage Rate (APR), processing fees, prepayment charges, late payment fees, and other miscellaneous charges like documentation and stamp duty. Shriram Finance, a notable non-banking financial company, emphasizes transparency in its personal loan offerings, with interest rates starting at 12% per annum and processing fees up to 5%. They offer collateral-free loans, quick approvals, easy repayment options, and a fully digital application process, making them a preferred choice for many borrowers.