Personal Loan in Visakhapatnam

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

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.

In 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.

Personal Loan in Visakhapatnam - Related FAQs

What can I use Money View personal loans for?

Some of the reasons for which you can avail a personal loan in Visakhapatnam from Money View are -

To buy household gadgets like fridge, washing machine, etc
To pay down-payment for another loan
To clear credit card dues
For house renovation expenses
Pay fee for college/school education
To pay for a vacation
To pay for the repair/breakdown of your vehicle
To meet wedding expenses
To meet expenses towards relocation
To buy an expensive gadget

Can I get an instant loan in Visakhapatnam with a low CIBIL score?

At Money View, we use an in-house credit rating model to assess our applicant’s credit worthiness. As long as your CIBIL score is over 600, you can avail personal loans from us.

Can I foreclose my personal loan?

Yes, you can foreclose your personal loan after a certain number of EMIs have been paid, as illustrated below -

Fees & Charges

Amount Chargeable

Foreclosure Charges

Nil but foreclosure can be done only after a minimum number of EMIs have been paid as illustrated below-

Tenure	Foreclosure
Up to 6 months	Not allowed
7 - 18 months	Allowed after 6 EMI payments
Over 18 months	Allowed after 12 EMI payments

Part- Prepayment Charges

Part-prepayment is not allowed

I am self-employed. Can I still get an instant loan in Visakhapatnam?

Yes, we do lend to self-employed applicants. However, you must fulfill the eligibility criteria given below -

Your monthly in-hand income must be above Rs. 15,000 per month
Income must be credited to a bank account
You must be between 21 to 57 years old
You must have a CIBIL score of 600 and above or an Experian score of 650 and above

Will I get a loan if I get my salary in cash?

As of now, we only provide loans to applicants whose salary gets directly credited to their bank account. We are not providing loans to applicants who get their salaries in cash.

Apply for Personal Loan up to 5 Lakhs in Visakhapatnam