Personal Loan in Prakasam

Personal Loan in Prakasam

Prakasam is a popular district in the coastal region of Andhra Pradesh and enjoys great access to ports which allows trading overseas.

This district is surrounded by other economically well-doing districts like Kurnool, Guntur and Kadapa and Nellore and is named after the popular Chief Minister of Andhra – Tanguturi Prakasam who was regarded as Andhra Kesari (The Lion of Andhra).

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.

So if you live in Prakasam and need an instant personal loan, Moneyview is the perfect choice for you.

Get an Instant Loan through Moneyview in Prakasam

Getting a personal loan is not very hard because of the number of lenders in the market today but not all of them offer loans that are free from hassles. Either the loans take time to be disbursed or the eligibility criteria is too stringent.

With Moneyview loans, all of these hassles are eliminated. You can get a personal loan from the comfort of your home within 24 hours of application approval.

Eligibility Criteria for a Personal Loan in Prakasam

In order to get a personal loan in Prakasam through Moneyview, you will have to fulfill the eligibility criteria given below -

  • Applicants must be between 21 years and 57 years

  • Applicants must receive an income of Rs. 25,000 or more*

  • Income must be credited directly to the applicants’ bank account

  • Credit score must be a minimum CIBIL score of 600

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Documents Required for a Personal Loan in Prakasam

In order to get an instant loan in Prakasam through Moneyview, you need only 3 key documents which are given below -

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

Fees and Charges for a Personal Loan in Prakasam

We offer loans with competitive interest rates and no hidden charges. Given below are the Moneyview loans fees and charges -

Fees and Charges

Amount Chargeable

Interest Rate

Starting from 14% per annum

Loan Processing Charges

Between 2% to 8% of the approved loan amount

Interest on Overdue EMIs

2% per month on the overdue EMI/Principal loan amount

Cheque Bounce

Rs.500/- each time

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