Commonly known as the Golden City of India, Kolar is an economically important city in the state of Karnataka. Due to its advancement in the milk industry, Kolar has also been nicknamed the Milk city of India.
Truly a city blessed with resources, Kolar has massive reserves of gold and is one of the leading producers of fine quality silk and best quality mangoes. Owing to the fact that this city produces so many important commodities, it has an Agricultural Produce Market Committee (APMC), which is the 2nd largest in Asia.
Apart from its produce, this city is religiously popular also. A city thriving from the ancient days of its inception till today speaks a lot about the functioning and the management of this city.
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Moneyview - The Best Option for Personal Loans in Kolar
Despite the number of lenders in the market today, not all of them offer the advantages that Moneyview does. Moneyview is the best choice for a personal loan because of its low documentation requirements, the simple application process, and instant disbursement.
Eligibility Criteria for a Personal Loan in Kolar
To get a Moneyview personal loan in Kolar, you will have to fulfill our eligibility criteria given below -
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Applicants have to be between 21 and 57 years of age
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Applicants must receive an income of Rs. 13,500 or more*
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Income must be credited directly to the applicants’ bank account
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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 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 |
|
|
Rs 15,000 |
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 Kolar
In order to get a personal loan in Kolar from Moneyview, you need only 3 key documents, as listed below -
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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
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Any 1 of the following -
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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 |
Fees and Charges for a Personal Loan in Kolar
Moneyview’s personal loans come with competitive interest rates and have no hidden charges whatsoever. Our fees and charges are as follows -
|
Fees and Charges |
Amount Chargeable |
|
Interest Rate |
Starting from 1.33% per month |
|
Loan Processing Charges |
Between 2% to 8% of the approved loan amount |
|
Interest on Overdue EMIs |
2% per month on the overdue EMI/Principal loan amount |
|
Cheque Bounce |
Rs.500/- each time |
|
Loan Cancellation |
|
Conclusion
Obtaining a personal loan in Kolar does not have to be difficult. With Moneyview, you can easily obtain a flexible personal loan that can be used for a variety of purposes.
The documentation requirements are minimal, and the application process is simple and straightforward.
Log on to the Moneyview website or download the app and apply now!