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.
Eligibility Criteria for Rs. 1 Lakh Loan from moneyview
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
Documents Required for Rs. 1 Lakh Personal Loan from Money View
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 -
- Confirm/enter your PAN number
- Ensure that your mobile number is linked to your Aadhaar card for KYC verification
- Provide a clear selfie taken in a well-lit area
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 -
- Aadhaar Card
- Valid Indian Passport
- Valid Voter ID
- Valid Driver’s License
- Utility Bills (Electricity, Water, Gas) dated within the last 60 days
* If we require income proof, you must furnish your bank statement for the last three months. This statement must also show your salary credits.
Rs. 1 Lakh Personal Loan EMI
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.
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.