Personal Loan

Personal Loan in Adoni – Check Eligibility and Apply Online


The city of Adoni is in Andhra Pradesh’s Kurnool district. It is home to approximately 2 lakh people. The city is the main trading hub for the state of Andhra Pradesh, known for producing cotton and textiles.

Personal loans in Adoni are available from a number of the best banks and NBFCs in the state. Banks provide loans with no collateral starting at Rs. 4 lakh. One gets loans based on things like how much money he makes each year, where he works, etc. 

Any bank or non-banking firm can give a personal loan in Adoni if one needs some money for personal reasons. If a person needs a secured loan, they could borrow against stocks, gold, or their home. 

The best loan providers in Adoni offer loans both online and in person. People can choose a lender based on what they need and how much they can pay back. When they buy something online, they can use digital documents to help them compare fees, prices, and other costs.

To be eligible, the person must have a stable source of income as well as a decent credit history. There are no rules on using personal loan balances. People can apply for this loan in any way they see fit.

Documents Needed to Get a Personal Loan in Adoni

Different types of people need different kinds of documents to get a personal loan in Adoni. 

Salaried Person: 

  • Identity proof, like an Aadhar card or a driver’s licence
  • PAN Card 
  • Residence proof in the form of a lease or a letter from the employer
  • Salary slips from the past three months
  • Salary statements from the past six months
  • Passport-size photographs
  • For flats that are rented, a rental agreement should be included

Self-Employed Person:

  • All of the firm’s financial reports
  • PAN Card
  • Aadhar Card
  • Residence Proof
  • Two passport-size photographs

Eligibility Criteria to Get a Personal Loan in Adoni

The criteria for getting a personal loan in Adoni are different for each person. It goes like this:

Salaried Person:

  • The salary should only be accepted in the person’s personal bank account.
  • One must have a good CIBIL score of over 700.
  • The person must have a monthly income of at least Rs. 25,000. 
  • The person has to be between 21 and 60 years old. 
  • They should work for a well-known, publicly traded firm. 
  • To get a personal loan, the person must have worked for at least three years before.

Non-Salaried Person:

  • The person needs to be at least 25 years old.
  • They must have filed an ITR for the last three years.
  • The business must have been working for the past three years.
  • CIBIL score of 750 or higher.
  • A minimum income of Rs. 2.5 lakh.

Processing fee on personal loans in Adoni

To get a personal loan in Adoni, every bank and NBFC charges two types of fees. 

The processing fee is something that all banks and NBFCs have to pay. This fee is 1% of the amount of the loan that has been approved. 

The second is pre-closure fees, which one has to pay if he wants to pay off his loan before the fixed loan term that he agreed to. Most of the time, the term is 12 months. After that, the interest depends on how many years are left on the loan. These fees range from 4% of the loan’s balance in the second year to 2% in the fourth year.

CIBIL Score Requirements for a Personal Loan in Adoni

The CIBIL Score is a record of the payments one has made over the years. It is the record of the person’s credit score. It checks the account history for different kinds of loans one has taken (if any) and his credit card history to see if he was able to pay them back in the past (if he has). 

A CIBIL score of 750 or higher is usually considered good when getting a personal loan. In Adoni, getting a loan is easier if one’s CIBIL score is higher.

Benefits of Personal Loans in Adoni

  • Most small money loans or instant personal loans in Adoni are short-term loans. Once accepted, the money is sent to one’s bank account. 
  • Personal loans in Adoni begin at Rs.10,000. If the payment is in cash, the person can pay it off in full when he gets paid again. Most of the time, they pay back the debt with EMIs. By spreading out the costs over time, the person can keep a high amount of cash each year. 
  • A quick personal loan in Adoni usually has a term of 30 to 90 days, making it a short-term or payday loan. A quick personal loan in Adoni can last between 3 and 12 months.
  • Online cash advance loan firms are the only way to get approved for an instant personal loan in Adoni. This implies that one can schedule a document pick-up and get fast cash through online transactions. It can be done at home without going out.

Why apply for a personal loan in Adoni? 

  • Personal loans in Adoni are based on how much money a person makes and how well they can pay back the loan. 
  • The person gets money that can be used anytime, anywhere. 
  • Personal loans don’t need one’s property as collateral. 
  • Personal loans in Adoni are easy to deal with.


personal loan in Adoni is, at its most basic, a way for people to borrow money from a bank. It could be a good idea for people who need cash quickly.

When people think of places to take out loans, banks are often one of the first places that come to mind. They are not the only type of bank that gives out personal loans, though. Eligible people can also get loans from credit unions, retail lending firms, online lenders, and people they know. One can get a personal loan in Adoni for almost any reason. Most people use it to pay off old debts, fix up their homes, pay for health care, or upgrade their cars. 

Visit the Piramal Finance website and take a look at their products and services to find out more related information.