Personal Loan in Kurnool

Reasons For Choosing Money View Personal Loans:

We provide our customers with some of the best benefits and features that have been helpful to them. Some of the features are :

• You can get loan amounts in the range of Rs 5000/- to Rs 5,00,000
• Enjoy flexible repayment terms of up to 60 months
• Interest rates are affordable. You have a chance to avail interest rate as low as 1.33%
• Nominal documentation requirement
• Chance of getting a personal loan even with a low credit score
• Online procedure of loan application and disbursal
• Quick disbursal of the loan after the approval of loan application

Procedure of Applying For Personal Loan In Kurnool:

Here are the steps that you must follow to get a personal loan in Kurnool from Money View:

Eligibility of the Applicant:

Visit the Money View website or download the loan app. Enter the details and you can check the eligibility in just 2 minutes.

Choice of loan plan:

Once you know the eligibility criteria then you have to choose the loan plan. For this, you have to enter the loan amount and the repayment terms.

Completion of documentation formalities:

Check the documents that have to be submitted. Upload the required documents online to complete the documentation formalities.

Get your loan instantly:

Verification of the loan documents is done. Next, the loan agreement has to be submitted. Once all the formalities are completed the loan amount is credited to your bank account in the next 24 hours.

Eligibility Criteria for Personal Loan in Kurnool

You can get a personal loan in Kurnool from Money View only if you fulfill the eligibility criteria. Here are the details of the eligibility criteria that need to be completed.

• Applicants must be between 21 years and 57 years
• Applicants must receive a monthly income of Rs. 13,500 or more^*
• Income must be credited directly to the applicants’ bank account
• The credit score requirement has to be fulfilled by the applicant. He must have a minimum CIBIL score of 600 or he must have a minimum Experian score of 650 and above.

City wise breakup of the income and credit score requirement for applying for Money View Personal Loan:

Factors That Affect Credit Score:

You do not have a healthy credit score then chances of approval of your loan are bleak. First of all, you must know the factors that have an impact on your credit score:

• Your payment history is one of the most important factors that affects your credit score. Do not miss out on making any payment as it affects the credit score negatively. Irresponsible payment behavior can cost you dearly.
• If you make multiple credit applications at the same time then multiple credit inquiries to check your creditworthiness occur at the same time. As a result, there is a negative effect on your credit score.
• Paying only the minimum due amount and rolling over the debt also has a negative effect on the credit score.
• Failure to have a credit mix and mistakes in CIBIL reports are also some factors that affect credit score.

Documentation Required for Getting Personal Loan In Kurnool

Interested in getting an instant personal loan in Kurnool from Money View? Then you need to submit only 3 important documents. Here are the details of the documentation formalities.

This Is How You Apply Online For Money View Personal Loan

It is very easy to apply for a personal loan from Money View. If you want to apply for instant or paperless personal loans from Money View:

• Go to the website or download the loans app.
• Select the employment type that is salaried or self-employed.
• Enter the relevant details about salary and mode of payment in the case of salaried individuals. In the case of self-employed applicants details of the annual turnover etc has to be given
• Next, the applicant has to submit personal details like PAN number, name, PIN code, education, etc. The applicant who is eligible to get the personal loan has to upload the documents online.
• The loan approval for eligible applicants is done instantly and in the next 24 hours, the loan is disbursed to the account of the applicant.

Have A Low Credit Score? Improve Your Credit Score With these Tips!

Your credit score is very important when you want to avail a personal loan. As you can see in the case of Money View the CIBIL score of the applicant has to be 600 and above. In case you find that you have a low credit score then here is what you can do to improve the same:

• Debt repayment has an impact on your credit score. Therefore whenever you take any loan ensure that you pay the EMI on time. If you delay the EMI payment then the credit score gets affected adversely.
• Lengthen your credit history by maintaining old credit cards. A lengthy and strong credit history improves the credit score in the long run.
• The credit score is affected by the credit utilization ratio. If you want a good credit score then restrict your credit usage to the allotted limit. You can also check with your lender if customization of credit limit based on your expenses is possible.
• Long-tenure loans help improve the credit score. This is because in the case of long tenure loans the EMI is low. So, the chances of repaying the loan on time are better. Timely repayment of loans improves the creditworthiness of the person.
• Avoid taking multiple loans at one time as it can harm your credit score. There are chances that you may end up as a defaulter due to insufficient funds. This in turn affects the credit score adversely.
• If you find any mistakes in the CIBIL report then make sure that you get the same rectified at the earliest to avoid any negative effect on the credit score.

Personal Loan In Kurnool - Related FAQ’s