Personal Loan in Kukatpally

Kukatpally is the serene suburb of Hyderabad in young Indian State Telangana. Being at the heart of various important routes in Hyderabad, this city is referred to as the Information Technology Hub of Hitech City.

A personal loan in Kukatpally may not be the cakewalk you would expect it to be. All that economic influx and development would get you to believe that the banks/NBFCs here would sanction your loan faster than other economically backward places.

Availing a personal loan in Kukatpally is now easy with Us, one of India’s most trusted financial institutions. Affordable ROI, flexible amount & repayment terms, and minimal documentation are just some of the reasons that contribute to the popularity of Moneyview.

Personal Loans for Every Need

Collateral Free Personal Loans up to ₹10 Lakh

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Eligibility Criteria for a Personal Loan in Kukatpally

A personal loan is a debt instrument where you borrow money to meet your consumption needs. We provide personal loans based on the information provided in your applications. Once you have cleared the eligibility criteria, you will be approved for financing. These are :

All applicants must be over 21 years of age, and no older than 57 years of age.
To successfully receive an instant personal loan, your income must be credited directly into your bank account.
Given that you earn a minimum of Rs. 25,000 per month or more, you can apply for an instant personal loan online.
Applicants with a minimum CIBIL score of 650.

What are the Interest Rates and Other Charges?

When you look for a personal loan, you should consider factors like the interest rate, payment tenure, and prepayment options. You should also check for hidden charges, like pre-payment charges, and penalty fees. For personal loans in kukatpally, they offer an interest rate that is affordable to other financial institutions in the industry. For your convenience, they offer multiple repayment options at affordable rates.

CHARGES	AMOUNT
Loan Processing Fee	The processing fee is a percentage based on the loan amount and varies from 2% to 8%.
Interest Rate	The interest rates are as low as 1.33% each month.
Foreclosure/Part-prepayment	The loan must be wholly repaid before the scheduled payment period. All legal contracts are followed when dealing with foreclosure.
Interest on Overdue EMIs	Your overdue EMI will attract interest at the rate of 2% per month.
EMI Cheque Bounce Charges	f your cheque bounces, you will have to pay a Rs.500 charge.

For the foreclosure and Part-prepayment, there are certain charges that applicants need to know before applying for a personal loan in kukatpally.

FEES

AMOUNT TO BE CHARGED

1. Foreclosure Charges

There is no initial charge for foreclosure but, to invoke this option, sufficient payments towards EMIs are required as follows

Tenure	Foreclosure
0-6 months	Not allowed for this period
7-18 months	Firstly EMI for 6 months
Above 18 months	Firstly EMI for 12 months

Part- Prepayment Charges

Part payments are not allowed on personal loans.

Documents Required for a Personal Loan in Kukatpally?

Before you can get a personal loan in Kutukpally, you’ll need to gather a few documents. Listed below are the required documents for all lenders.

Address Proof :

For address proof, the officials will need only one document from the following that is listed below :
- Aadhaar Card
- Indian Passport
- Voter ID card
- A Driver’s License
- A bill of Electricity, Water, Gas but it should be dated within the last 60 days.
Identity Proof :

The PAN card is the only official document that needs an applicant’s photograph. If the PAN card is rejected then one or more of the given officially accepted documents need to be submitted. These are :
- Aadhaar Card
- Indian Passport
- Voter ID card
- A Driver’s License
Income Proof :

The income proof varies for salaried individuals and self-employed individuals. Both have to show their income proof separately.
- Job Individuals: If you are a salaried employee, then please provide us with bank statements that show your salary account for the last three months.
- Business Individuals: We request that you provide three months’ worth of bank statements in PDF format, or if self-employed, a copy of your income as it appears on your last tax return.

All these documents are important for verification. These documents will ensure that the loan amount is easily credited into the account.

Points to follow:

Before applying for a personal loan in kukatpally, there are some points which applicants need to note. These are :

Once your bank information is confirmed, we will send you an email informing you that you have been approved for your loan. You will receive a notification of the amount in funds to be transferred from your bank into the company’s account and a request to print a NACH form and sign it electronically.
This step will allow you to set up the EMI Facility in your Bank Account that will enable you to make timely EMIs without any oversight.
If you have qualified for a loan, you will receive your application approval on the app. Please read all of the terms and conditions thoroughly before submitting your application.

With all these points in mind, applicants can apply for a personal loan in kukatpally. However, they need to ensure that they are eligible for requirements like in-Hand income, credit score and other details.

Conclusion

There was a time when personal loans were considered to be an inaccessible facility and people would not even think about availing it. However, with the emergence and growth of various online financial aid companies, personal loans have become one of the most used modes of credit by people across the city. Availing personal loans in Kukatpally is now extremely easy and simple. anybody can easily get a legitimate and authentic loan within less period at competitive interest rates.