Khammam is one of Telangana's most important cities and the fourth largest city in the state. The city and nearby areas are well-known for their coal reserves. This city also holds a lot of prominence in the state's history. 

This thriving city is also home to an increasing number of industries. Recently, an IT hub was also inaugurated in the city. As many as 19 companies have signed up to start operations at the IT hub, which will provide job opportunities to unemployed youth.

However, as a city progresses, the standard of living rises, and so do the costs. A personal loan can be extremely beneficial in such situations.

moneyview offers some of the best personal loans in the country. Accessibility, instant disbursement, and flexible repayment schedules are a few of the advantages offered. You can apply for and receive the loan amount from the comfort of your own home. There is also no need for collateral.

Personal Loan Interest Rates and Other Charges in Khammam

Charges

Amount

Interest Rate

Beginning at 1.33% per month

Loan Processing Charges

2% to 8% of the approved loan amount

Interest on Overdue EMIs

2% of the overdue EMI/Principal loan amount is deducted per month.

Part/Full Payment of the Loan (Loan Foreclosure)

Part payments are not allowed.

Foreclosure is permitted after a minimum of three EMIs.

Cheque Bounce

For each bounced cheque, Rs.500/- will be charged

Eligibility Criteria to Apply for moneyview Personal Loans in Khammam

To be eligible for an instant personal loan in Khammam from moneyview, you must meet the following criteria:

Income and Credit Score Eligibility Criteria

Salaried Individuals

Minimum In-Hand Income (in Rupees)

Area of Residence

CIBIL Credit Score Requirement

13,500

Any

CIBIL Score of 600 /Experian Score of 650 and above

20,000

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

15,000

Metropolis other than Mumbai and NCR

CIBIL Score of 600 /Experian Score of 650 and above

Self-Employed Individuals

15,000

Any

CIBIL Score of 600 /Experian Score of 650 and above

Documents Required for Personal Loans in Khammam

Our documentation requirements are minimal. All we need are -

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. 

Steps to Apply for an Instant Personal Loan in Khammam

Follow the steps below while applying for a moneyview Personal Loan in Khammam -

Visit moneyview.com or download the loan app. After you submit the required information, we will notify you of your eligibility within 2 minutes.

Choose your loan amount and repayment term based on your eligibility.

You can easily upload the necessary documents online.

Within 24 hours of your documents being verified and loan agreement being submitted, the loan amount will be credited to your bank account.

Conclusion

With moneyview, obtaining an instant loan in Khammam is now simple and convenient. All you have to do is meet the eligibility requirements, submit the required documents, and you'll have the loan within 24 hours.

Personal Loan in Khammam - FAQs

The minimum amount that you can borrow on moneyview loans is Rs.5,000. The maximum loan amount can go up to Rs.5,00,000 and will depend on your eligibility.

The entire loan application process for getting a moneyview loan is digital. So you will have to submit all the required documents online either on our app or on the web application, depending on where you are applying from.

Yes. If the auto-debit facility is not activated for your linked account, you can pay the loan EMI manually through the ‘Pay Now’ button on our app.

The loan amount gets automatically debited on the 5th of every month. If you don’t have the required funds in your account, we allow a grace period of up to 3 days during which you can request a Loan EMI transfer through the app to avoid any late charges. Beyond this time period, a late payment fee will be charged.

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