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!"

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 -

  1. Check your eligibility
    Visit the moneyview website or download the app. Find out your eligibility within just 2 minutes by providing your details

  2. Choose your loan plan
    Based on the options provided, select the loan amount, and repayment period

  3. Provide necessary documents
    We require a maximum of 3 documents which can be easily uploaded online

  4. 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 -

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 -

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 -

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 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!

INTERLINKS

Was this information useful?

300 characters allowed (alphanumeric and special characters such as comma, full stop, @, ", &)

Thank you. Your feedback is important to us.