Do you need a 1 lakh rupees loan urgently? You’ve come to the right place. Money View provides Rs. 1 lakh personal loans within 24 hours of application approval. Read to know more.

Eligibility Criteria for Rs. 1 Lakh Loan from Money View

You can easily get a loan of 1 lakh from Money view by fulfilling the eligibility criteria given below -

  • Applicants must be between 21 years and 57 years
  • Applicants must receive an income of Rs. 13,500 or more*
  • Income must be credited directly to the applicants’ bank account
  • Credit score must be a minimum CIBIL score of 600 or minimum Experian score of 650
Income and Credit Score Eligibility Criteria*
Salaried Individuals Minimum In-Hand Income Area of Residence CIBIL Credit Score Requirement
Rs 13,500 Any CIBIL Score of 600 /Experian Score of 650 and above
Rs 20,000 Mumbai/Thane or the NCR region (Delhi, Noida, Gurgaon, Ghaziabad, Faridabad, etc.) New to Credit or CIBIL Score of 600 /Experian Score of 650 and above
Rs 15,000 Metro City other than Mumbai and NCR CIBIL Score of 600 /Experian Score of 650 and above
Self-Employed Individuals Rs 15,000 Any CIBIL Score of 600 /Experian Score of 650 and above

Documents Required for Rs. 1 Lakh Loan from Money View

For a Rs. 1 lakh personal loan from Money View, we only need three documents as given below -

Identity Proof Address Proof Income Proof
PAN Card - This is the primary ID proof required. However, if it is rejected due to image quality issues or other reasons, any 1 of the officially valid documents given below will suffice)
  • Aadhaar Card
  • Valid Indian Passport
  • Valid Voter ID
  • Valid Driver’s License
Any 1 of the following -
  • Aadhaar Card
  • Valid Indian Passport
  • Valid Voter ID
  • Valid Driver’s License
  • Utility Bills (Electricity, Water, Gas) dated within the last 60 days
Salaried Applicants - Last 3 months’ bank statements of your salary account in PDF format showing salary credits
OR
Self-Employed Applicants - Last 3 months’ bank statements in PDF format if you are self-employed

Fees and Charges for Rs. 1 Lakh Loan from Money View

If you are wondering what a Rs. 1 lakh personal loan EMI would be, we can tell you for sure that it will be affordable. Take a look at our fees and charges below -

Fees & Charges Amount Chargeable
Interest Rate Starting from 1.33% per month
Loan Processing Charges Between 2% to 8% of the approved loan amount
Interest on Overdue EMIs 2% per month on the overdue EMI/Principal loan amount
Cheque Bounce Rs.500/- each time
Loan Cancellation
  • No additional/hidden charges levied
  • The interest amount for the period between loan disbursement and loan cancellation will be payable.
  • Processing fees will also be retained

How to Apply for a Rs. 1 Lakh Loan from Money View

If you have fulfilled our eligibility criteria and have the required documents, you can start applying by following the steps below -

Check your eligibility

Visit the Money View website or loan app. Provide the required details and we will let you know your eligibility in 2 minutes.

Choose your loan plan

Based on the options provided, select the loan amount and repayment term of your choice

Upload required documents

Upload all of the necessary documents online for verification

Loan transfer to your bank account

Post verification and submission of loan agreement, the loan amount will be credited to your account within 24 hours

Note -

  • After your documents are verified, you will receive a NACH form which needs to be printed, signed, scanned, and sent back to Money View
  • This step will enable the auto-debit facility from your bank account and allow you to pay your EMIs on time automatically without the need for any manual intervention
  • On receiving your NACH form, you will need to review the loan agreement on the app. Please submit the application after reviewing all the terms and conditions thoroughly

Why Avail Rs. 1 Lakh Loan from Money View

There are a number of lenders in the market but what sets Money View apart? Take a look below -

Flexible Loan Amount and Repayment Tenure

Money View offers personal loans of up to Rs. 5 lakhs and a repayment term of upto 60 months. So you can opt for what suits your requirements the best

Low Interest Rates

We understand how important affordable personal loans are. Therefore, Money View interest rates start at 1.33% p.m.

24 Hour Loan Disbursal

Our personal loan is disbursed to your bank account within 24 business hours after the approval.

Hassle-free Online Process

You can apply for a personal loan from Money View at any time from anywhere. No more travelling to a bank and waiting for days

Available Even For Applicants with Low-Credit Scores

Money View provides personal loans to anyone with a CIBIL score of 600 or Experian score of 650 and above. We have our own in-house credit model that helps us assess the creditworthiness of our customers

In Conclusion

Personal loans are versatile and easy to avail. While the amount offered varies from one lender to another, Money View provides loans from Rs. 5,000 to Rs. 5 lakhs with minimal documentation requirements. Not only that - the entire application process is online and can be done from anywhere across India. So what are you waiting for?Visit the Money View loan app or on the website within a timeframe of 2 business hours.

1 Lakh Personal Loan - Related FAQs

Once your loan application has been processed, your loan amount will be disbursed to your account within 24 working hours. However, please note that there may be exceptions in certain circumstances.

No, you cannot avail personal loans from Money View without income proof.

While most banks and lenders require applicants to have a CIBIL score of 750 and above, Money View uses a unique algorithm to understand a borrower’s creditworthiness. Therefore even those with relatively low credit scores can avail personal loans from Money View. However, a minimum CIBIL score of 600 and above or a minimum Experian score of 650 and above is necessary.

Yes, you can foreclose your Money View personal loan but only after paying a minimum of 6 EMIs -

Fees & Charges Amount Chargeable
Interest Rate Starting from 1.33% per month
Loan Processing Charges Between 2% to 8% of the approved loan amount
Interest on Overdue EMIs 2% per month on the overdue EMI/Principal loan amount
Cheque Bounce Rs.500/- each time
Loan Cancellation
  • No additional/hidden charges levied
  • The interest amount for the period between loan disbursement and loan cancellation will be payable.
  • Processing fees will also be retained