The yesteryear kings of the South such as the Pandyans, Nayaks, and Cholas left a great legacy behind. Madurai is one such city. Also known as the temple city, Madurai is famous for its temples which are architectural marvels.
This historically and culturally significant city is a must-visit. And Moneyview can help sort out your vacation plans.
You don’t have to put any collateral or wait days for approval. Moneyview loans are instant, hassle-free, and involve minimal paperwork. Read on to understand how to apply for a loan.
Moneyview - The Best Option for Personal Loan in Madurai
While there are many lenders available in the market today not all provide the benefits that Moneyview offers. Minimal documentation, a hassle-free application process, and instant disbursement all make Moneyview the best choice for a personal loan.
Eligibility Criteria for a Personal Loan in Madurai
In order to avail an instant personal loan from Moneyview, you will have to fulfill our eligibility criteria given below -
-
Applicants must be between 21 years and 57 years
-
Applicants must receive an income of Rs. 13,500 or more*
-
Income must be credited directly to the applicants’ bank account
-
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 |
How to Get a Moneyview Personal Loan in Madurai
Check Eligibility
Visit the Moneyview website or download the app. Add the details required and find your eligibility!
Select Loan Tenure
Select the loan amount and repayment term of your choice based on the options given
Upload Documents
Upload the required documents online. We only need three
Amount Disbursed
After your documents are verified and loan agreement is submitted, the loan amount will be credited to your bank account within 24 hours
Conclusion
Availing a personal loan in Madurai does not have to be complicated. With Moneyview you can avail a versatile personal loan that can be used for multiple purposes very easily.
Not only are the documentation requirements minimal, the application process is quick and hassle-free. Log on the Moneyview website or download the app and apply now!
Personal Loan in Madurai - Related FAQs
Given below are the factors that impact Moneyview’s interest rates -
Credit Score
The higher the credit score, the lower is the risk of defaulting for the lender therefore interest rates are on the lower side.Repayment History
Having a flawless repayment history will help you get personal loans at low-interest rates as this shows the lender that you are capable of repaying your debts on timeEmployment Type
Having a steady secured job will reduce the risk of defaulting on loans as salary is credited regularly and therefore those with secure jobs can generally avail of personal loans at lower rates of interestIncome
Having a good income every month is essential but if you have taken multiple loans that need to be paid from that income, then the risk of default is high, therefore the interest rate charged in this case will be on the higher side
Some of the reasons for which you can avail a personal loan from Moneyview are -
To buy household gadgets like fridge, washing machine, etc
To pay down-payment for another loan
To clear credit card dues
For house renovation expenses
Pay fee for college/school education
To pay for a vacation
To pay for the repair/breakdown of your vehicle
To meet wedding expenses
To meet expenses towards relocation
At Moneyview, we use an in-house credit rating model to assess our applicant’s credit worthiness. As long as your CIBIL score is over 600, you can avail personal loans from us.
Yes, you can foreclose your personal loan after a certain number of EMIs have been paid, as illustrated below -
Fees and Charges | Amount Chargeable | ||||||||
Foreclosure Charges | Nil but foreclosure can be done only after a minimum number of EMIs have been paid as illustrated below-
| ||||||||
Part- Prepayment Charges | Part-prepayment is not allowed |
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