Top Features and Benefits of Personal Loan
Flexible Loan Amount
Choose a loan amount from Rs. 5,000 to Rs.5,00,000
Quick Eligibility Check
Find out your eligibility for personal loans in just 2 minutes
No Guarantor
Moneyview’s partner lenders don’t ask you to pledge any security or collateral
Affordable Interest Rates
We understand how important interest rates are as they determine the EMI amount to be paid. At Moneyview, the interest rate starts at just 1.33% per month
Hyderabad, also known as the ‘city of pearls’ is one of the most populous cities in the country. Known for its exquisite heritage, food, and cultural offerings, Hyderabad is also home to many IT companies.
While this is a great city to live and work in, sometimes expenses can shoot up unexpectedly. In such cases, taking a personal loan is a great option.
Table of Contents
Interest Rates and Other Charges for Personal Loans in Hyderabad
The fees and charges for personal loans in Hyderabad from Moneyview are given below -
| Type of Charge | Amount |
|---|---|
| Interest Rate | Starting from 1.33% per month |
| Loan Processing Fee | Starting from 2% up to 8% of the approved loan amount |
| Interest on Overdue EMIs | 2% per month of the overdue amount |
| Foreclosure/Part-prepayment |
|
| EMI Cheque Bounce Charges | Rs.500 per bounce |
Eligibility Criteria to Apply for Personal Loans in Hyderabad Through Moneyview
In order to avail an instant personal loan in Hyderabad from Moneyview, you will have to fulfill the eligibility criteria given below -
- Applicants must be between 21 years and 57 years
- Applicants must receive an income of Rs. 13,500 or more*
- Income must be credited directly to the applicants’ bank account
- Credit score must be a minimum CIBIL score of 600 or minimum Experian score of 650
Given below is a city-wise breakdown of the income and credit score requirement -
| Income and Credit Score Eligibility Criteria | |||
|---|---|---|---|
| Salaried Individuals | Minimum In-Hand Income | Area of Residence | CIBIL Credit Score Requirement |
| Rs 13,500 | Any | CIBIL Score of 600 /Experian Score of 650 and above | |
| Rs 20000 | Mumbai/Thane or the NCR region (Delhi, Noida, Gurgaon, Ghaziabad, Faridabad, etc.) | New to Credit or CIBIL Score of 600 /Experian Score of 650 and above | |
| Rs 15000 | Metro City other than Mumbai and NCR | CIBIL Score of 600 /Experian Score of 650 and above | |
| Self-Employed Individuals | Rs. 15,000 | Any | CIBIL Score of 600 /Experian Score of 650 and above |
Documents Required for a Personal Loan in Hyderabad
In order to get a personal loan in Hyderabad from Moneyview, you need only 3 documents, as listed below -
| Identity Proof | Address Proof | Income Proof |
|---|---|---|
PAN Card - This is the primary ID proof required. However, if it is rejected due to image quality issues or other reasons, any 1 of the officially valid documents given below will suffice)
|
Any 1 of the following -
|
Salaried Applicants - Last 3 months’ bank statements of your salary account in PDF format showing salary credits OR Self-Employed Applicants - Last 3 months’ bank statements in PDF format if you are self-employed |
Note -
- Once your documents are verified, you will receive a NACH form which needs to be printed, signed, scanned, and sent back to us
- This step will enable the auto-debit facility from your bank account and allow you to pay your EMIs on time automatically without any manual intervention.
- On receiving your NACH form, you will need to review the loan agreement on the app. Please submit the application after reviewing all the terms and conditions thoroughly
How to Apply for An Instant Personal Loan in Hyderabad
Check Eligibility
Provide a few basic details to check your eligibility in just 2 mins!
Select Loan Tenure
Choose your loan amount & repayment tenure
Upload Documents
Complete your KYC and Verify income
Amount Disbursed
Direct Bank A/c transfer in a few minutes!
Conclusion
Availing personal loans in Hyderabad is now extremely easy and simple thanks to Moneyview. Visit the Moneyview website or download the App and apply for a convenient and affordable personal loan today.
Frequently Asked Questions (FAQs)
Yes, you can. At Moneyview, our lender partners use a unique in-house credit scoring model, and therefore our credit score requirements are much lower than other lenders. As long as you have a CIBIL score of 600 and above or Experian score of 650 and above, you can get personal loans from Moneyview.
No, applicants do not have to provide security, collateral, or guarantors as Moneyview personal loans are unsecured loans.
Yes, self-employed applicants can get a personal loan from Moneyview if they meet the following eligibility criteria -
- Monthly income of Rs. 15,000 or more
- Income must be credited directly to the applicant’s bank account
- Applicant must have a minimum CIBIL score of 600 or minimum Experian score of 650
- Applicant must be between 21 years to 57 years old
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