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.
"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!"
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Get an Instant Loan from 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.
How to Apply for a Personal Loan in Prakasam
Follow the steps given below to avail an instant loan in Prakasam from Moneyview -
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Check your eligibility
Visit the Moneyview website or download the app. Find out your eligibility within just 2 minutes by providing your details -
Choose your loan plan
Based on the options provided, select the loan amount, and repayment period -
Provide necessary documents
We require a maximum of 3 documents which can be easily uploaded online -
Avail loan instantly
After your documents are verified and the loan agreement is submitted, the loan amount will be credited to your bank account within 24 hours
Note -
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Once your documents are verified, you will receive a NACH form which needs to be printed, signed, scanned, and sent back to us
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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.
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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
Eligibility Criteria for a Personal Loan in Prakasam
In order to get a personal loan in Prakasam from Moneyview, you will have to fulfill the eligibility criteria given below -
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Applicants must be between 21 years and 57 years
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Applicants must receive an income of Rs. 13,500 or more*
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Income must be credited directly to the applicants’ bank account
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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 a Personal Loan in Prakasam
In order to get an instant loan in Prakasam from Moneyview, you need only 3 key documents which are given below -
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Identity Proof |
Address Proof |
Income Proof |
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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
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Any 1 of the following -
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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 1.33% per month |
|
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 |
Conclusion
Getting a personal loan in Prakasam need not be a stressful affair. You can now get an instant loan from the comfort of your home without any restrictions on the end usage as well.
All you need to do is visit the website or download the app and apply now!