Personal Loan in Guntur

Guntur city is famous for its rich Telegu heritage which still holds the people together in this part of India. Getting a personal loan in Guntur can be a tricky task for people with bad credit history.

Today with Money View you can apply for a personal loan up to 5 lakhs from the comfort of your home. Here’s what you should keep in mind when looking for a good company as well as the loan criteria that help you choose the best company.

Benefits and Features of Personal Loan :

We provide personal loans in guntur for both salaried employees and self-employed individuals. The loan offers fast approval, flexible repayment options, an easy application process, and excellent customer service. Other benefits include :

Eligibility Criteria for a Personal Loan in Guntur

Before going for a personal loan, it is essential to understand the eligibility criteria and what an applicant needs to do to become eligible for it.

• To be eligible for a personal loan in Guntur, applicants must be over 21 years of age, and no older than 57 years of age.

• To be eligible for a loan, applicants must have a minimum CIBIL score of 600 or a minimum Experian credit score of 650.

• For a personal loan, the officials will check whether the salary credited comes directly into the bank account or not.

• As long as your monthly income is greater than Rs. 13,500, you can immediately get your loan approved.

There are credit score eligibility criteria that help potential applicants to know about the rates. The credit score is not a comprehensive guide to someone’s financial and credit history. It is primarily used only for the approval of loans or credit cards, and shouldn’t be used as the sole criteria for making financial decisions.

Loan Interest Rates and Charges in Guntur

When you look for a personal loan, you want to make sure that it suits your personal financial goals. If you’re looking for a personal loan in Guntur, it’s important to do your research so that you get an affordable personal loan that fits your financial requirements. You should also check for hidden charges, like pre-payment charges, and penalty fees.

For the proposed foreclosure and part prepayment, there are certain procedures that applicants need to follow for an application. Personal loans in Guntur are followed by these things.

Documents Required for a Personal Loan in Guntur

Each lender requires different documents before they approve a loan package. The specific documents include proof of your employment, pay stubs, credit reports, and bank statements. For a personal loan in Guntur, they require:

1.    Income Proof

The salaried individual will need to submit their salary certificate from the employer, while the self-employed individual will need to submit an income tax return (ITR). Personal loan in Guntur requires these certificates :

• Business Individuals: Please provide three months of bank statements in PDF format or an income statement related to your loan application.

• Job Individuals: If you are a salaried employee, we kindly request that you provide evidence of your most recent salary account statement showing your most recent three months of income.

2.  Address Proof

To avail of a personal loan in Guntur, it is essential to provide address proof to the officials. In the address proof, they need to provide anyone document from the list given below :

• Aadhaar Card

• Indian Passport

• Voter ID card

• A Driver’s License

• A bill of Electricity, Water, Gas but it should be dated within the last 60 days.

3.   Identity Proof

The PAN card is a card issued by the Income Tax Department of India. It is needed by anyone who wants to pay taxes or file an income tax return. However, for a personal loan in Guntur, if a PAN card is rejected, then you need to show one of the documents mentioned below :

• Aadhaar Card

• Indian Passport

• Voter ID card

• A Driver’s License

Verification is a standard part of the loan process. These documents will ensure that your loan amount can be processed quickly and efficiently.

Conclusion :

Individuals who are residents of Guntur, India or those who conduct a business in Guntur may avail the online personal loans available at online financial aid companies in the city. One can easily apply for personal loans at many financial access providers online.