Have you been planning a holiday or coveting something for a long time? In that case, a personal loan might be just what you need!
If you are searching for something like ‘I want 1 Lakh rupees loan urgently’ or ‘1 Lakh loan’, read ahead to know why you should get a loan from Moneyview. The best part? The documentations requirements are minimal.
Impressive Loan Amount
Loan amount ranging from ₹5,000 up to ₹10 Lakh
Loans Without Collateral
No collateral or guarantor required
Rapid Processing
Receive your loan within one day
Reasonable Interest Rates
Low interest rates starting at 14% p.a.
You can check if you are eligible for a Moneyview loan in just two minutes by checking the eligibility criteria listed below -
You must be between 21 years and 57 years
You must receive a minimum in-hand income of Rs. 13,500, if you are salaried
If you are self employed, your minimum in-hand income must be Rs.15,000
Income must be credited directly to your bank account
You should have a minimum CIBIL score or an Experian score of 650
To apply for a personal loan from Moneyview, you need only three documents: your identity, address, and income proof. The documents that you can submit under each category are listed here -
Please note that the documentation requirements will vary based on your profile. We may require proof of address, bank statement, and other supporting documents.
In case we require proof of address, any one of the following documents will suffice -
* If we require income proof, you must furnish your bank statement for the last three months. This statement must also show your salary credits.
Your monthly EMI is
per month for 5 months
Total Interest
₹1,004
Total Amount
₹51,004
Loan Amount
Min ₹10
Max ₹25,000
Rate of Interest
Min 5%
Max 25%
Loan Tenure
Min 3 months
Max 72 months
Before you apply for any loan, it is a great idea to check your EMI. That way you can plan your finances beforehand, and pay the loan comfortably.
You can easily check your EMIs by using the Moneyview personal loan EMI calculator. Just input the necessary information, and voila! You’ll have the answer in seconds.
The following is a table describing how much your Rs.1 Lakh personal loan EMI will be depending on the tenure you chose. For this example, let us assume that the rate of interest is 16% per annum.
| Loan Amount | Interest Rate (p.a.) | Tenure (in months) | EMI | Total Interest Paid |
|---|---|---|---|---|
|
Rs.1,00,000 |
16% |
6 |
Rs.17,453 |
Rs.4,718 |
|
12 |
Rs.9,073 |
Rs.8,877 |
||
|
24 |
Rs.4,896 |
Rs.17,511 |
||
|
36 |
Rs.3,516 |
Rs.26,565 |
||
|
48 |
Rs.2,834 |
Rs.36,033 |
||
|
60 |
Rs.2,432 |
Rs.45,908 |
As you can see, with a longer tenure, your EMI decreases but the total interest you pay increases. Thus, you need to take this into account while deciding the perfect tenure according to your requirement.
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