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Personal Loan in Nellore

Nellore is one of the most populous cities in Andhra Pradesh. It is also known for its export of prawns, shrimp, and sugarcane. As a growing city, it is said to be on the brink of financial balance. However, this cannot apply to its residents, as they could face a financial crunch at any point in life. 

A personal loan in Nellore can help avert this crunch. You can apply for one of the best personal loans in India through Finnable’s personal loan app. The entire process is seamless. All you need is your basic documents to get a personal loan.

The loan amount can start at Rs. 50,000 and the maximum that can be borrowed is Rs. 10 lakhs. Personal loan interest rates start at 16% and your loan repayment tenure can be up to 5 years.

Personal Loan Eligibility

Before you apply for a personal loan, it is necessary to check the eligibility criteria. The eligibility for personal loans from Finnable includes: 

  • Nationality: To get an instant personal loan from Finnable, you need to be an Indian citizen.
  • Age: The minimum age of the applicant needs to be 21 years and the maximum age should be 45 years.
  • Employment: You will need to hold a full-time job in a government or private company to be eligible for an instant loan
  • Duration: Your current job should be held for more than 3 months.
  • Work experience: You need to have more than 6 months of total work experience.
  • Income: Your in-hand monthly salary as a Tier-I applicant needs to be more than Rs. 20,000/-. This amount changes for Tier-II applicants. It has to be more than Rs. 15,000/- per month.
  • Receipt: Salary should always be directly credited into the bank account. You cannot show cash or cheque deposits.

Required Documents

To get the approval or sanction for the best personal loans, you will have to show evidence of eligibility. This lies in the documents that you need to submit:

  • For age and identity proof, you need your PAN card.
  • As proof of citizenship and residency, Aadhar card is a must.
  • To show you are receiving income, you will need a salary slip for 1 month.
  • Bank statements for 3 months can also be provided to show the continuous flow of income.
documents required for loan application

How to get Personal Loan in Nellore?

Applying for a personal loan in Nellore has become a simple task. You will not be required to visit any office or branch. To get a personal loan, apply online through the loan app. This personal loan app is easily available on Play Store and App Store.

  • Once the download is done, start with creating your profile. Include your personal and professional details. 
  • Select the type of loan you need, the amount, and the personal loan tenure. 
  • Upload all the documents as mentioned

In 3 simple steps, you can get a personal loan. However, you need to ensure that no information is incomplete or incorrect.

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FAQs

Finnable offers various types of personal loans including:

  • Vehicle Loans
  • Wedding Loans
  • Home Renovation Loans
  • Marriage Loans
  • Medical Loans
  • Travel Loans

Education Loans, etc.

You can apply for an instant loan without CIBIL through Finnable’s personal loan app. However, you should meet all the eligibility criteria and upload all the documents as requested by Finnable.

You can check your CIBIL score on CIBIL’s website or even through Finnable’s website.

To know your personal loan EMI, you can use the personal loan EMI Calculator available on Finnable’s site as well as app. You will need 3 components to know your loan EMI: the principal amount, the loan tenure, and the personal loan interest rate applicable. Though the final rate of interest will be decided by the lender, using tentative figures gives you a broad idea as to how much the loan EMI would come to.