Personal Loan in Nellore

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 -

Instant Eligibility Check
Find out your eligibility for personal loans in just 2 minutes
100% Digital Process
From application to disbursement, everything is done online
Quick Disbursement
The loan amount is disbursed within 24 hours of the approval of the application
Flexible Amount and Repayment Term
You can choose a loan amount from Rs. 5,000 to Rs.5,00,000 and a repayment period of up to 5 years
No Guarantor
moneyview doesn’t ask you to pledge any security or collateral
Appy from Anywhere in the Country
Because of the digital process, you can apply for a personal loan from anywhere in India including Nellore

Eligibility Criteria for Personal Loans in Nellore

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

Applicants must be between the ages of 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
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

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 -

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
Select your loan plan
Depending on your eligibility, you will have to select the loan amount and repayment term of your choice
Provide required documents
Easily upload all of the necessary documents online for verification - completely digital and hassle-free
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 -

Once your documents are verified, you will receive a NACH form which needs to be printed, signed, scanned, and sent back to us
This step will enable the auto-debit facility from your bank account and allow you to pay your EMIs on time automatically without any manual intervention.
On receiving your NACH form, you will need to review the loan agreement on the app. Please submit the application after reviewing all the terms and conditions thoroughly

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.

Apply for Personal Loan up to 5 Lakhs in Nellore - Interest Rates Starting from 1.33% Per Month