Kurnool is a city in one of the districts of Andhra Pradesh. It lies on the banks of Tungabhadra River and also it is the most popular city of the state.

Different Bank and their Interest Rates:

Banks	Rate of Interest	Processing Fee	Loan Amount	Pre-Payment Charges	Disbursal Time	Part Payment Option
Kotak Bank	10.50% - 16.99%	0.99% - 2.5%	Rs.100,000 - Rs.20,00,000	Zero (if loan Amount is more than 10 lakhs) Else 5%	3 - 4 working days	Yes
IndusInd Bank	12.99% - 20%	0.5% -2%	Rs.1,00,000 - Rs.25,00,000	4%	4 working days	No
HDFC Bank	10.99% - 20.99%	Rs.1999 - 2.5%	Min. 50,000 Max. as per eligibility	Nil (For Loan amount>10 lakhs and 12 EMI paid), else 4%	3 - 4 Days	No
ICICI Bank	11% - 17.50%	Rs.999 for Special offers otherwise 1% - 2.5%	Rs.50,000 - Rs.20,00,000	Nil (For Loan amount >10 lacs & 12 EMI paid), else 5%	3 - 4 working days	No
Citibank	11.49% to 16.50%	Upto 2.0% + 0.5% (waiver on PF) Special surprise gift from Citi Bank	Rs.1,00,000 - Rs.30,00,000	Upto 3%	48 hours	Yes
Standard Chartered	11.50% - 18%	0 - 1%	Rs.1,00,000 - Rs.30,00,000	Upto 5%	3-4 Working days	Yes
Fullerton India	11.99% - 26%	2%	Rs.50,000 - Rs.15,00,000	Upto 7.00%, 0% after 3 years	2-8 days	No
Tata Capital	11.99% - 17%	Rs.999-2.50%	Rs.75,000 - Rs.15 Lacs	Part Prepayment Charges: Nil (Allowed Post 6 months, Once a year, 25% of Principal Outstanding)	Loan disbursement in 3-4 days	Yes
Bajaj Finance	11.99% - 16%	Upto 2%	Upto Rs.25 Lacs	Upto 4% post 1st EMI clearance	Approval In 48 Hours	Yes
HDB Financial Services	16% - 21%	up to 2%	Rs.100,000 to Rs.15,00,000	Nil for Selected Corporates Employees (CAT A & B). 4% For Rest	2 days - 7 days	No

Loan Eligibility Criteria:

If a loan is taken, a person is held accountable to repay the loan amount on time. Bank undergoes a complete check of the portfolio of each person before sanctioning the loan. The terms and conditions can be followed:

Salaried

Self - Employed

Metros: Minimum salary requires is 15,000 per month

Other cities : Minimum salary required is 12,500 Per month

Metros: Minimum salary required is 15,0000

Other cities : Minimum ITR is 15,0000

Documents Required:

There are various documents which will be required at the time of availing a loan.

Age Proof: Pan Card, Passport, Voters Id or Driving license will be required.

Address Proof: Passport, Telephone bill, Electricity bill

Income Proof: Salary for last month

Job continuity proof: Relieving letter or appointment letter will be required

Banking History: Banking Statement of previous two months.

Interest Rate of Personal Loan Kurnool

As we have discussed, there are various banks, and they have varying interest rates. The interest rates vary from person to person. The salary and the Cibil score are the two options. The interest rate of personal loan is generally from 10.75% per year.

Tenure of Personal loan

The mandate of Personal loan is generally from 1 year to 5 years. Availing a personal loan in India comes up with a lot of hassle. However, with the advent of digitalization, things have become much more straightforward. Apply-Loan can help in secure processing of Personal Loan in Kurnool. Here are few points:

Quick Loan Approval: All the documents can be scanned at a faster pace. Also, we can apply for a loan anywhere between Rs. 10000 to Rs 5 lac

Flexible and Customized: There is a tie period of 3-12 months, which is provided in order to repay the loan.

Entirely Online: There is a complete paperless interface that we can work with. Everything can be accessed online without any hassle.