Apply Personal Loan Online Upto Rs. 25 Lacs
Details on Personal Loan
Personal Loan in Nellore
Overview of Personal Loan in Nellore
Personal Loan in Nellore helps you to handle your expenses in a more efficient way. With the help of Personal Loan in Nellore, you can easily overcome your financial crunch. There are many Personal Loan Providers in Nellore offering Instant Personal Loan in Nellore to finance any kind of medical expenses, house renovation, child’s education, debt consolidation and much more. Easy Personal Loan in Nellore does not take any security or collateral against the loan. Unsecured Personal Loan in Nellore helps you address almost all kinds of financial needs by submitting very minimum documents. The repayment tenure of Instant Personal Loan in Nellore ranges up to 60 months and you can easily repay the loan with EMI option. You can avail Personal Loan Nellore up to Rs. 25 lakhs which may vary depending on the financial institutions and your eligibility criteria.
Why you should opt for Personal Loan in Nellore?
Nellore, one of the largest city of Andhra Pradesh has a flourished economy in agricultural, industrial and service sector. The growth of this state is growing at a very fast pace and is contributing to the raised standard of living of the people. As a result, the need for Personal Loan in Nellore has increased. For low interest Personal Loan in Nellore, you need to have a high CIBIL score with good repaying capacity. But low cibil score Personal Loan in Nellore is charged a higher interest rate. Instant Personal Loan in Nellore offers loan in a very smooth and hassle-free manner. With Easy Personal Loan in Nellore, you get a customized loan to fulfill your needs.
Here are the reason as to why should you opt for Personal Loan Nellore-
- You can easily avail Online Personal Loan in Nellore and can apply for it at any point of time.
- Easy Personal Loan in Nellore offers easy loan approval and flexible EMI repayment option without putting much pressure on your budget.
- Using Unsecured Personal Loan in Nellore, you can meet almost all kinds of financial needs with very simple paperwork.
- Instant Personal Loan in Nellore offers additional cash to meet your financial crisis which you can easily repay using EMI option.
- Personal Loan in Nellore is obtained at attractive interest rates from various Personal Loan Providers in Nellore.
- For CIBIL score of minimum 750 or above, you can easily get low interest Personal Loan in Nellore.
Eligibility Criteria for Personal Loan in Nellore
To avail Personal Loan in Nellore at a competitive interest rate, you need to fulfill Personal Loan Eligibility Nellore which is very minimal. A stable income source with CIBIL score of minimum 750 or above will help you to get low interest Personal Loan in Nellore.
Here is the Personal Loan Eligibility Nellore which you need to fulfill-
Personal Loan in Nellore Eligibility Criteria |
Salaried |
Self-Employed |
Age of Applicant |
21 years – 60 years |
25 years – 65 years |
Income |
Min amt Rs. 20,000 |
Min Turnover- Rs. 1 crore |
Loan Amount |
Up to Rs. 25 lakhs (varies with banks) |
Up to Rs. 30 lakhs (varies with the banks and NBFCs) |
CIBIL score |
750 or above |
750 or above |
Profession |
Working in any private sectors or MNCs, or any govt organization/company |
Public or Private Ltd. companies, sole proprietorship firms, partnership firms, Business Professionals, etc. |
Work Experience |
Minimum 2 years of work experience and at least 1 year in the present company |
Continuity of Business for at least 3 years |
Documents required for Personal Loan in Nellore
Here are the common documents to apply for Personal Loan in Nellore-
- Application form
- ID Proof- PAN Card, Ration Card, AADHAR Card.
- Proof of Residence- Utility Bills like- Water or Electricity, Gas Bills, Passport, Driving License.
- Passport size photograph
-
For Self-Employed
- Audited Balance Sheet of last 2 years and Copy of P&L statement of past 2 years
- ITR of last 36 months.
- Verified documents of Partnership Deed/Sales Tax Certificate/Memorandum and Articles of Association/Trade License/
-
For Salaried
- Last 6 months updated bank statement.
- Form 16.
- Last 3 months salary slip.
Personal Loan Interest Rates in Nellore of different Financial Institutions
Following is the list of Personal Loan Interest Rates in Nellore of different banks and NBFCs-
Banks |
Loan Tenure |
Interest Rates |
Pre-Closure Charges |
Processing Fees |
HDFC Bank Personal Loan in Nellore |
1-5 years |
10.99%* |
Between 2% to 4% of the outstanding principal. |
Up to 2.50% |
Kotak Mahindra Bank Personal Loan in Nellore |
1-5 years |
11.50%* |
5% of outstanding principal. |
Up to 2.5% |
YES Bank Personal Loan in Nellore |
1-5 years |
12.49%* |
Within 12 to 24 months: 4% Within 24 to 36months: 3% Within 36 to 48 months: 2% After 48 months : No charges. |
2% or 3% of the principal |
Fullerton India Loan in Nellore |
1-5 years |
17.25%* |
4% of outstanding principal. |
Up to 2% |
ICICI Bank Personal Loan in Nellore |
1-5 years |
11.49%* |
5% of outstanding principal + GST |
Rs. 999* |
Aditya Birla Personal Loan in Nellore |
1-5 years |
11.75%* |
4% of principal outstanding in 1st year, 3% in the 2nd year, and thereafter preclosure permitted after 6 months. |
1% of principal. |
IndusInd Bank Personal Loan in Nellore |
1-5 years |
12.99%* |
4% of outstanding principal |
0.25% to 2.50% |
SBI Personal Loan in Nellore |
1-5 years |
12.50%*-16.60%* |
3% of the prepaid amount (after 1st EMI) |
Up to 3% of the loan amount |
Capital first Personal Loan in Nellore |
1-5 years |
16% |
4% of outstanding |
Up to 2.49% of the loan amount |
Axis Bank Personal Loan in Nellore |
1-5 years |
15.50%* |
NIL |
Up to 2.00% |
Bajaj Finserv Personal Loan in Nellore |
1-5 years |
14.75%* |
NIL |
Up to 3% |
Indiabulls Personal Loan in Nellore |
1-5 years |
11.99%* |
5% if less than 6 months. |
Up to 5% |
IDFC First Personal Loan in Nellore |
1-5 years |
10.99%* |
4% of outstanding |
2% – 4% |
TATA Capital Personal Loan in Nellore |
1-6 years |
13.99%* |
4.5% of the outstanding principal. And NIL for the initial 6 months |
Up to 2% |
ECL Finance Personal Loan in Nellore |
1-5 years |
17.50%* |
4% of principal amount outstanding+GST |
Up to 2% of the loan amount |
*Interest rates change time to time.