Best Personal Loan Providers in Vizag
Personal Loan in Vizag is funded through P2P lending by Cashkumar lenders across India. They are unsecured loans given from Rs. 20,000 to Rs. 1,50,000 which means that you need not mortgage anything or show an asset. Some reasons for availing a Personal Loan in Vizag include medical needs, travel, home renovation, wedding, good purchases and so on. Other reasons for which a loan can be availed is to get a top-up loan, balance transfer or debt consolidation.
If you need a Personal Loan in Vizag, you must have a good credit history and adequate salary to get your personal loan sanctioned with Cashkumar in Vizag. Other factors like years of employment, company you work for etc will determine the most important factors like amount, tenure and rate of interest. Cashkumar in Vizag give you the flexibility to pre-close the loan without any additional charges. Most banks have a pre-closure charge in the 4%-5% range.
Personal loan in Vizag is provided to salaried and self-employed individuals by various banks and NBFCs in the city. The loan amount starts from Rs. 50,000 and can go upto Rs. 40,00,000 according to eligibility. Since they are unsecured, you need not provide a security or collateral to avail the loan. Loan amount can be used for different reasons like wedding, travel, medical needs, home renovation, purchases and debt consolidation.
An Instant personal loan in Vizag can be obtained by applying with a Fintech company like Cashkumar. These loans are funded by other individuals from across the country in a new category called P2P lending. Easy online loan application helps you to fill in details and find eligibility. Whether the funds are sourced from a bank, NBFC or fintech company, a personal loan application is evaluated based on your profile details like company, age, income and credit history. These factors determine loan approvals, amount advanced and tenure.
Interest rate for personal loan in Vizag can range from 10.99% to about 30% depending on the type of loan and institution. Short-term loans can have a higher rate of interest with zero pre-closure charges while big loans or longer tenure will have a lower rate. Banks may also charge a fee for pre-closure in the rage of 4-5% of the outstanding principal.
A rapidly developing city, Vizag or Visakhapatnam is the commercial and financial hub of the state of Andhra Pradesh. An important naval headquarters as well as home to a shipping industry, the city flourishes in trade due to its large port. It is also a popular tourist spot providing transit into the rich coastal Andhra heritage as well as the state of Orissa. The greater Visakhapatnam area is divided into 81 wards for better administration.
Vizag has seen rapid growth recently and is developing a distinct cosmopolitan culture. Traditionally a strong industrial presence is now being complimented by the new age IT sector raising employment levels. Banks and NBFCs have ramped their operations to better cater to this rising need for finance and credit. The Fintech sector has also identified the city as a major hub in their growth plans and are catering to the credit deprived in the city. Getting a personal loan in Vizag is now easy with multiple options and quick processing times.