Personal Loan in Vellore
Know the Fort City
An economically important city in the state of Tamil Nadu, Vellore is often called as the Fort City simply because of the overabundance of forts in this city. This reflects the rich cultural history the city had, and the importance it held through centuries.
This city has seen various rulers, right from the Pallavas, to the Cholas, the Vijaynagar Empire, the Carnatic Rule and eventually the British Raj. Decades of changing administration consequently left traces behind, making Vellore the ultimate hodgepodge of historical remnants and ancient cultures.
Today, one can evidently make out the essence of Dravidian culture in the spirit of Vellore. From folk events like cultural dances, to music, and even the unique Silambattam – which is a unique combination of dance and martial arts, the culture of Vellore is vivid and evocative.
There are various industries setup in the Fort city, as Tertiary sector is the most-revenue generating sector here. With so many revenue oriented businesses setup here, one could easily assume that getting a personal loan in Vellore would be easy. However, the reality speaks otherwise.
Instant loan in Vellore
Often a thriving city is assumed to offer financial assistance easily. But this assumption is frequently a mistake. Even in a city as thriving as Vellore, banks are extra cautious when it comes to handing out a personal loan.
A personal loan essentially is an unsecured form of a loan. This ideally means that these loans do not necessitate you to pledge collateral to avail a loan. Banks often are sceptic before sanctioning a personal loan, and therefore employ thorough verification procedures in place to ensure that the loan goes into the hands of a trusted applicant.
This may be necessity, and a secure policy in place by the bank to curb fraudulent activities, however, this verification procedure may slower the pace at which you get your loan.
Instant loan in Vellore could be difficult to get around. This is because of tedious bank procedures and lack of timely updates by bank which overall delays the loan amount from reaching you on time.
Private money lenders do offer instant cash loans; however these loans are studded with heavy interest rates, and eventually end up being more of a burden than a financial aid. Finance companies in Vellore are far too many to count, however, if in the need of the hour they are unable to provide you with your temporary shortage of funds then you end up missing out on major opportunities.
MoneyView and Instant Cash Loans in Vellore
MoneyView is an online loaning facility that offers you lightning fast loans minus the hassle you would otherwise have to go through while applying for a loan in a traditional manner. The idea MoneyView was built upon was to make India financially fit.
Daily finance in Vellore is a dynamic affair. Relying on such a system during a case of emergency could spell a colossal mistake. For this very reason, you have MoneyView, which is a far more substantial and reliable system to fall back on, in case you have a financial emergency.
We offer speedy loans with quite some features that make repayment easier than ever before. Here is a glimpse to what we offer with our loans:
- Instantaneous loans: With the MoneyView app, you now get your loans instantly. You can choose an amount from anywhere between Rs 10,000 to Rs 5 lacs, and the amount reaches you within a span of hours. Our instant verification procedure makes lightning fast loans a possible endeavour.
- Flexible and customizable: The loans MoneyView offers gives you the leeway to choose a repayment tenure from anywhere between 3-12 months. This enables you to span out your repayment as per your convenience, so that your loan repayment does not fall too heavily on your monthly expenses.
- Paperless procedure: Our innovative end-to-end paperless procedure enables us to deliver faster loans, and offer you the convenience to apply for a loan from the comfort of your house. You would no longer have to worry about documentation or standing in long queues, as it all happens within a few taps of your finger.
To Wrap It Up
Personal loan in Vellore can get a bit dicey, especially when you are on the lookout for an instant cash loan. However, with MoneyView by your side, you have your financial shortages covered in the most efficient manner possible.
Not only does the app allow you to apply for loans online, but it also tracks your expenses and reminds you of your upcoming EMI payments.
For Salaried – Min ₹ 14,000 In Hand Salary
For Self Employed – Min. ₹ 25,000 Income with 2 years Income Tax Return Filed
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