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 :

Flexible Repayment Term

Designed to be both stress and hassle-free with flexible repayment tenures of up to 60 months.

24 Hour Loan Transfer

Your loan will be approved and the funds deposited into your account in 24 hours. You can rest easy knowing that your sensitive information is safe with them.

Online Transactions

Innovative solutions paired with a user-friendly platform have made it easy to get a loan online in Guntur. Customers find smart ways to connect people with money to those who need it.

Affordable Interest Rates

Starting from 1.33% per month. This equates to lower EMI’s and higher savings which means the customers can pay the loans accordingly.

Simple Eligibility Criteria

In only two minutes you can find out if you’re approved for a Personal loan in Guntur. There are some terms like credit scores, in-hand income which will decide if a loan will be credited into the account or not.

Higher Loan Amounts

The loan amount varies between Rs. 5,000 and Rs. 5 lakhs and is based on your specific requirements.

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.

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.



Interest on Overdue EMIs

If you postpone repayment of your loan, personal loans in Guntur will have to charge you a penalty of 2% per month.

Loan Processing Fee

A fee is a one-time charge and variable, based on the loan amount and also varies from 2% to 8%.

Interest Rate

The interest rate on your loans is 1.33% per month.

EMI Cheque Bounce Charges

If your cheque is returned due to insufficient funds, personal loans in Guntur will charge you a service charge of Rs 500.


●      Full loan repayment must be made before the scheduled payment period.

●      Personal loans in Guntur will follow all legal contracts when dealing with foreclosure.

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.


Amount Charged

  1. Foreclosure Charges

To process your foreclosure, personal loans in Guntur require the following payments toward the arrears on your EMI’s from the previous month

TENURE                 FORECLOSURE

0-6 months    Not allowed for this period

7-18 months   Pay EMI for first 6 months

18+ months        Pay EMI for first 12 months

  1. Part- Prepayment Charges

All personal loans are treated as a single transaction. For this reason, partial payments are not allowed upon approval.

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 :

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 :

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 :

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

How to Get an Instant Cash Loan in 1 Hour in Mumbai?

You can get an instant loan in Mumbai, also known as personal loans in four easy steps -

Check your eligibility

Visit the Money View website or loan app. Provide the required details and we will let you know your eligibility in 2 minutes.

Choose your loan plan

Based on the options provided, select the loan amount and repayment term of your choice

Upload required documents

Upload all of the necessary documents online for verification

Loan transfer to your bank account

Post verification and submission of loan agreement, the loan amount will be credited to your account within 24 hours

Points to Note:

Before you apply for personal loans in Guntur, there are a few things we need to discuss. These are :

  • Once your application is received and approved, you will be emailed a notification of the total amount of funds that will be transferred from your bank into our account. Please print the NACH receipt and sign it electronically.
  • This letter will help you set up a convenient EMI facility in your bank account that will allow you to make timely and hassle-free monthly instalments towards your loan.
  • You have been pre-approved for a loan. You will receive your electronic contract and payment instructions electronically, upon approval of your application. Please read all terms and conditions carefully before submitting your electronic signature.


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.


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