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Personal Loan in Ludhiana

Personal Loan in Ludhiana

Ludhiana is the most populous and largest city in the state of Punjab. Ludhiana is well-known for its textile industry and is known as the Manchester of India. The city is home to many industries and manufacturing units.

The city is well-known for products like cycles, sewing machines, woolen clothes, automobile spare parts, etc. It has been ranked as one of the easiest cities in India for business according to the World Bank.

If you live in Ludhiana and require immediate financial assistance, you can easily obtain a personal loan from Moneyview.

Moneyview, one of the country's leading digital lending apps, offers versatile personal loans of up to Rs. 10 lakh with flexible repayment options of up to 60 months.

Features and Benefits of Personal Loan in Ludhiana

loan amount

Flexible Loan Amount

Borrow any amount starting from ₹5,000 and going up to ₹10 Lakh

collateral free

Collateral Free Loans

To apply for a personal loan through Moneyview, you don’t need any asset or arrange for a guarantor

Quick Disbursal

Quick Disbursal

The loan amount is disbursed to your account within 24 hours of approval

interest rates

Affordable Interest Rates

Benefit from low-interest rates starting from 14% per annum

Need Urgent Funds?

Collateral Free Personal Loans up to ₹10 Lakh

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Who is Eligible to Apply for a Personal Loan in Ludhiana?

Here are the eligibility criteria for a personal loan -

  • Age – Minimum age of the applicant should be 21 years and the maximum age must be 57 years
  • Nationality – The applicant needs to be an Indian resident
  • Monthly Income– INR 25,000 per month and the amount must be directly credited to your bank account
  • Credit Score – You must have a minimum CIBIL score of 650.

You can visit the Moneyview website or download the app .

Documents Necessary for Availing a Personal Loan in Ludhiana

We believe in minimal documentation which is why we only need 3 documents from you -

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)
  • Aadhaar Card
  • Valid Indian Passport
  • Valid Voter ID
  • Valid Driver’s License
 Any 1 of the following -
  • Aadhaar Card
  • Valid Indian Passport
  • Valid Voter ID
  • Valid Driver’s License
  • Utility Bills (Electricity, Water, Gas) dated within the last 60 days
 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

Personal Loan Interest Rates and Other Charges in Ludhiana

Moneyview digital lending platform is recognized to offer the most cost-effective personal loan with a bad CIBIL score in Ludhiana. Our budget-friendly personal loans are available at the best interest rates for both salaried and self-employed individuals. Take a look at the list of our interest rates and other charges!

  • Interest Rate: Starting from 14% per annum
  • Loan Processing Fees: From 2-8% of the approved loan amount
  • Repayment Period: From 12 months to 60 months
  • Loan Cancellation Fees: Aside from the interest amount, no extra charges are levied for the tenure between disbursement and cancellation of personal loans. Processing charges are also retained.
  • Loan Foreclosure: We don’t allow any part payment. You can foreclose your loan after a minimum of three EMIs.
  • Charges on Cheque Bounce: INR 500 is charged on every cheque bounce.
  • Interest on Overdue EMIs: 2% every month on the overdue principal loan amount or EMI.

Conclusion

Emergencies and financial needs can occur at any time, and if your income is insufficient, a personal loan can be extremely beneficial. An instant loan is beneficial as it can be availed within 24 hours of loan approval. To apply, simply go to the Moneyview website or download the app.

Personal Loan In Ludhiana - FAQs

At this point in time, our lending partners only give loans to those individuals who get their salary via bank transfer – directly from their employer. We will not be able to offer loans to those individuals who get their salaries in cash.
As we follow a completely digital process, we will not be in a position to accept your documents by email. We have made our application process simple enough for everyone to follow. If you are still getting errors while uploading your documents, you can send a screenshot of the problem to loans@moneyview.in
To begin with, you’ll need to register yourself for the internet banking facility with your bank. Once you have a valid ID and a password, log in to your account and look for the option to download a pdf version of your account statement.
Our lending partners allow loan tenures anywhere between 6 months to 60 months. You can choose the tenure that is most suitable to your needs based on the options provided.
Yes, there will be a credit report inquiry made whenever you borrow from Moneyview. This will only be made after you submit the loan application.

Personal Loan Based on Your Budget

1 Lakh Personal Loan

5000 Personal Loan

2 Lakh Personal Loan

10000 Personal Loan

3 Lakh Personal Loan

20000 Personal Loan

5 Lakh Personal Loan

25000 Personal Loan

10 Lakh Personal Loan

30000 Personal Loan

Personal Loan Based on Your Salary

15000 Salary Personal Loan

30000 Salary Personal Loan

20000 Salary Personal Loan

40000 Salary Personal Loan

25000 Salary Personal Loan

50000 Salary Personal Loan

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