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 -

Check your eligibility

Visit the Money View website or download the app and provide all the details required. We will then let you know your eligibility in just 2 minutes

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 -

  • Once your documents are verified, you will receive a NACH form which needs to be printed, signed, scanned, and sent back to us

  • 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.

  • 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

"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!"

Eligibility Criteria for Personal Loans in Visakhapatnam

Here’s Money View’s simple eligibility criteria for personal loans in Visakhapatnam -

  • Applicants must be between 21 years and 57 years

  • Applicants must receive an income of Rs. 13,500 or more*

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

  • 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 -

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 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 -

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

Loan Cancellation

  • No additional charges levied

  • Processing fees will also be retained.

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.

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