Personal Loan in Prakasam

Know Prakasam

Prakasam is a popular district on the Coastal region of Andhra Pradesh. Located comfortably along the shores of Andhra, this district enjoys great access to port which allows trading overseas.

This district is surrounded by other economically well-doing districts like Kurnool, Guntur and Kadapa and Nellore. This proximity gives Prakasam easy access to opportunities from all sides.

Geographically, this district is the third largest district area-wise in Andhra Pradesh. This district has been named after the popular Chief Minister of Andhra – Tanguturi Prakasam who was regarded as Andhra Kesari (The Lion of Andhra).

The district contributes fairly well to the Gross District Domestic Product (GDDP). Overall, it contributes a total of 6.9% to the Gross State Domestic Product (GSDP) also.

In a district that generates so much revenue by itself, one would be under the assumption that getting a personal loan in Prakasam would not be a hassle at all.

However, truth be told, the district still adheres to the traditional ways of giving out a loan, and this may not fare all that well for you, in case of an emergency.

Finances in Prakasam

Quite often, personal loan is harder to get from banks. This is because banks have a stringent procedure in place which ensures thorough verification of the customer’s profile. Though this step is essential, it may take time for your loan to finally be approved.

Personal loan is a branch of unsecured loans. These loans are given out without having the customer pledge any asset in the form of collateral. Banks therefore would not have any resource to fall back on, in case the customer defaults the repayment.

However, these loans are linked to your Credit scores, and if you default your payments, then your scores would take a hit for the worse, making it difficult to get any loans in the future.

Private financers may seem like an alternative to get a loan from. But these loans may be filled with hidden charges and fine print conditions, which may not unfold to anything financially pleasant later on.

MoneyView and Loans in Prakasam

MoneyView understands that a financial shortage is not uncommon these days. Anyone can fall short of funds in a given situation, or a certain emergency may threaten to dig into your hard earned savings.

At times like these, MoneyView app offers you instant personal loans online. The ideology behind MoneyView is to make finances easy and accessible to all those who need it. Having someone to take up your financial woes and help you out with them is the service we like to offer.

We offer instant loans in the most efficient manner so that you can tend to your needs at the right time. Our loans come with the following benefits:

  • Quick loans: You now get to choose a loan amount from anywhere between Rs. 10,000 to Rs 5 lacs and have the amount with you in just a matter of hours. Our speedy verification procedure in place makes sure that you would not have to wait for days to have your loan sanctioned.
  • Flexible loans: Once you do have your loan, the next thing on your mind generally is the repayment. Unlike other finance companies, we offer you the freedom to choose your EMI structure from anywhere between 3-12 months. This way, you can conveniently span out your expenses and ensure that your repayment does not fall too heavy on your monthly financing.
  • Paperless procedure: MoneyView welcomes you to paperless financing, where you would not have to worry about drowning yourself in paperwork, just so that you can apply for a loan. MoneyView’s paperless loan application interface gives you the much needed mobility to apply for a loan from anywhere anytime.

To sum it up

Personal loan in Prakasam would no longer be something difficult or inaccessible. MoneyView brings you instant loans and a world of other features that makes financing easier. No more would you have to worry about paying the fees before the deadline drops, or delay your plans of renovating your space.

With MoneyView, you can watch your dreams reach the much awaited threshold of fulfilment.

To know more, please log onto www.moneyview.in

Benefits

Completely Paperless Loan with minimal documents

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Eligibility criteria

For Salaried – Min ₹ 14,000 In Hand Salary

For Self Employed – Min. ₹ 25,000 Income with 2 years Income Tax Return Filed

For Salaried – Min ₹ 14,000 In Hand Salary
For Self Employed – Min. ₹ 25,000 Income with 2 years Income Tax Return Filed

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You can borrow as low as ₹ 10,000 and as high as ₹ 5,00,000. The maximum amount depends on your eligibility.

You can borrow for minimum 3 months to maximum 24 months.

The loan application for Money View is paperless which means that no physical document submission is required.

You need the following documents to apply for a loan with us

  • Aadhaar card
  • PAN Card
  • Address proof
  • Last 3 months bank statement
  • 2 years IT Returns (in case you are self-employed)

EMI is deducted 5th of every month from your bank account.

At the time of application, you agree to a NACH mandate which enables us to deduct the EMI amount from your specified bank account.

In case your EMI auto-debit is bounced, there will be a bounce charge along with the daily penalty for delay of EMI.

Also in case you are not able to pay the EMIs, your CIBIL score might drop for every EMI default.

We assess your credit worthiness not only from your CIBIL score but also your transactional SMS data. Hence, when you download the app it helps us give you the best loan offer.

You can close your loan anytime after 3 months of taking the loan. There are penalty charges for foreclosure

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