Nellore is a bustling city brimming with youthful exuberance and unending opportunities for aspirants to succeed. This comes as little wonder why this city is one of the most populous cities in Andhra Pradesh.

This city gets its name from the abundance of paddy crops here and still holds true to its name as agriculture is one of its main industries.

When it comes to personal loans in Nellore, getting one may not be too easy especially if you need one urgently. But with moneyview, you get loans faster than you expect, minus the hassle.

"Low credit scores can be an obstacle to financial happiness. But not with moneyview! Apply and get loans from 5k to 5 lakhs even with low credit scores!"

Why Choose Moneyview Personal Loans in Nellore

Here’s why moneyview personal loans are the best choice -

Eligibility Criteria for Personal Loans in Nellore

Given below is moneyview’s instant eligibility criteria for personal loans in Nellore -

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 Personal Loans in Nellore

Here is our minimal documentation requirements -

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

How to Apply for Personal Loans in Nellore

If you fulfill our eligibility criteria and have the necessary documents in place, you can follow the steps given below to apply easily -

  1. Check your eligibility
    Visit the moneyview website or download the app and provide all the details required. We will then let you know your eligibility in just 2 minutes

  2. Select your loan plan
    Depending on your eligibility, you will have to select the loan amount and repayment term of your choice

  3. Provide required documents
    Easily upload all of the necessary documents online for verification - completely digital and hassle-free

  4. Instant Loan Disbursal
    After all your documents are verified and your application is approved, the loan amount will be sent to your account within 24 hours

Note -

Interest Rates and Other Charges for Personal Loans in Nellore

The fees and charges for personal loans in Nellore from moneyview are given below -

Type of Charge

Amount

Interest Rate

Starts at 1.33% per month

Loan Processing Fee

Starting from 2% up to 8% of the approved loan amount

Interest on Overdue EMIs

2% per month of the overdue amount

Foreclosure/Part-prepayment

  • No part-prepayment of the loan is allowed.

  • Foreclosure available after a certain number of EMIs have been paid

EMI Cheque Bounce Charges

Rs.500 per bounce

Conclusion

Getting personal loans in Nellore is now easier than ever. The ease that comes with getting a loan from moneyview makes all the difference. You would not have to go and stand in long queues all day long, submit an unnecessary number of documents, wait for a long time for a loan, etc. So what are you waiting for? Visit the moneyview website or download the app and apply now.

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