Personal Loan in Karim Nagar

Personal Loan in Karimnagar

Also known by the ancient name of Elagandula, Karimnagar is a city and a District Headquarter located in the state of Telangana. The city is a major urban agglomeration and is also the 5th largest city in the state.

The city is the largest and fastest-growing urban settlement in the state and is situated on the banks of the Manair River.

Why Would You Require Personal loans in Karimnagar?

A major business centre, education, and health hub, Karimnagar is widely known for its agricultural and granite industries which have also helped the city to be known as the “City of Granites.”

If you’re in Karimnagar, what better way to seek financial assistance for different requirements than obtaining an unsecured loan? 

So, let’s walk you through the process of obtaining a personal loan in Karimnagar trough Moneyview.

Eligibility Criteria for Availing a Personal loan in Karimnagar

In order to avail an instant loan in Karimnagar, a customer needs to fulfill the below-mentioned criteria -

  1. The applicants need to be between the age of 21-57 years

  2. Applicants must hold an in-hand income of Rs. 25,000 or more, monthly, if they are salaried. 

  3. On the other hand, if they are self-employed, the personal loan applicants should have a monthly in-hand income of Rs. 25,000.

  4. The income of the applicants must be directly credited to the bank account of the applicant. 

  5. The credit score must be a minimum CIBIL score of 650

Documents Required    

Our documentation requirements are minimal. We will only require the following -

You will also have to enable the auto-debit facility from your bank account. This is a quick process where you can use a debit card, net banking, or NACH form.

The auto-debit facility will help you pay your EMIs automatically every month without the need for manual intervention.

Rates of Personal loans and other Charges

At Moneyview, the motive is to give loans that are pocket friendly and can fit into the budgets of the applicants easily.

This is what makes Moneyview stand apart and different from other online lenders and NBFCs. Listed below are certain competitive interest rates and other charges. 

The interest rate we charge starts from 1.33% per month.

The loan processing charges start from 2% which goes up to 8% of the approved loan amount.

Part payments of the loan cannot be made. The foreclosure of the loan can be done only after paying a minimum of 3 EMIs.

An interest rate of 2% is charged per month on overdue EMIs. 

Rs 500 is charged for every cheque that gets bounced.

How to Obtain an Instant Personal loan?

Conclusion

Moneyview operates on 3 main principles:

  • Being fully personalized and providing a credit and loan situation that is suitable for the user’s needs, 
  • Providing a frictionless digital process that uses the best of technology to offer a simple and intuitive user experience and 
  • Responsible lending which dishes out new offers for customers building a healthy credit history with them.

With hassle-free and convenient work, ensuring 100% transparency and zero failures, all the applicants have to do is fulfill the eligibility criteria needed, submit their documents, and avail of the loan within 24 hours. 

With the presence of Moneyview, the process of applying for personal loans has become much easier in Karimnagar. The personal loans issued by Moneyview can be used for various purposes.

Personal Loan In Karimnagar - FAQs

The EMI on a Rs. 2 lakh loan in Karimnagar at an interest of 11.99% per annum is Rs. 17,769 for 1 year, Rs. 9,414 for 2 years, Rs. 6,642 for 3 years, Rs. 5,266 for 4 years, and Rs. 4,488 for 5 years. You can easily find this out by using a personal loan EMI calculator.
Moneyview is an digital lending app that gives the fastest personal loans in Karimnagar. Without the requirement of a guarantor or collateral, absence of hidden costs, and super-quick online processing, you get personal loans disbursed in your accounts within 24 hours of application. 
24 Hours. The loan amount is deposited into your bank account within 24 HOURS of approval.
Yes. Our unique credit rating system allows us to lend money to applicants with low credit scores. However, we require a minimum CIBIL score of 650 to approve the loan. 

Was this information useful?