Do you need a personal loan in Visakhapatnam that requires minimal documentation and is disbursed within 24 hours? You’ve come to the right place.
Personal Loan Financer in Visakhapatnam
One of the most trusted personal loan providers in Visakhapatnam, Money View offers loans of upto Rs. 5 lakh with minimal documentation and a hassle-free application process.
How to Apply for a Personal Loan in Visakhapatnam
If you fulfill our eligibility criteria and have the necessary documents in place, you can follow the steps given below to apply easily -
Select your loan plan
Depending on your eligibility, you will have to select the loan amount and repayment term of your choice
Provide required documents
Easily upload all of the necessary documents online for verification - completely digital and hassle-free
Instant Loan Disbursal
After all your documents are verified and your application is approved, the loan amount will be sent to your 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 Personal Loans in Visakhapatnam
Here’s Money View’s simple eligibility criteria for personal loans in Visakhapatnam -
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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 Personal Loans in Visakhapatnam
Given below are our minimal documentation requirements for personal loans in Visakhapatnam -
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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 Personal Loans in Visakhapatnam
As one of the foremost personal loan providers in Visakhapatnam, we have ensured that our fees and charges are affordable without any hidden components -
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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 |
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Interest on Overdue EMIs |
2% per month on the overdue EMI/Principal loan amount |
|
Cheque Bounce |
Rs.500/- each time |
|
Loan Cancellation |
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Conclusion
Getting personal loans in Visakhapatnam is now easier than ever. Not only do our personal loans come with a flexible repayment schedule, they are also easy to avail and disbursed within 24 hours of application approval. So what are you waiting for? Visit the Money View website or download the app and apply now.