How to Get 12-Month Instant Loans

12 month instant loans, also known as 1-year loans, 12 month cash loans or 12 month installment loans are personal loans that come with a maximum repayment tenure of 12 months i.e. 1 year. 

These short-term loans are provided to individuals as long as they have a steady source of income. The biggest advantage of this loan and the factor that contributes to its popularity is that even those with relatively low credit scores can avail them. 

Features of 12 Month Instant Loans

12-month loans are relatively unique because of their features. Take a look at some of the salient ones below:

Benefits of 12 Month Instant Loans

12-month instant loans come with a number of incomparable benefits as listed below:

One of the most renowned personal loan providers in the country, Money View offers instant loans that are disbursed to your account within 24 hours of application approval. Additionally, the repayments terms are flexible and can run upto 5 years or 60 months.

Additionally, we use a unique credit rating model at Money View ensuring that even those with low credit can avail a personal loan from us as long as their CIBIL score is above 600 or Experian score is above 650. 1 year loans for bad credit is now a reality thanks to Money View.

Additionally, the application process is extremely simple and our documentation requirements are minimal.

All you need to do is fulfil the eligibility criteria, submit the documents required, and that’s it! The loan amount will be credited to your account.

Fulfill the eligibility criteria given below to avail Money View online personal loans:

  • Applicants must be between 21 years and 57 years

  • Applicants must receive a monthly 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

Given below is a city-wise breakdown of the income and credit score requirement -

Income and Credit Score Eligibility Criteria*

Salaried Individuals

Minimum In-Hand Income

Area of Residence

CIBIL Credit Score Requirement

Rs 13,500


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


CIBIL Score of 600 /Experian Score of 650 and above

We believe in minimal documentation which is why we only need 3 documents from you -

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


Self-Employed Applicants - Last 3 months’ bank statements in PDF format

Take a look at our advantageous fees and charges below -

Fees and 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 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 Money View 12 Month Instant Loans


Check Eligibility

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


Select Loan Tenure

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


Upload Documents

Upload all of the necessary documents online for verification


Amount Disbursed

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



1-year loans for bad credit are perfect for those looking to avail a relatively smaller loan to pay off certain expenses. As these loans are disbursed quickly and can be availed online, they can be extremely useful if utilized well. 

The EMI to be paid is also directly debited from the individual’s monthly salary making this not just an easy-to-avail loan but also one that is hassle-free to repay.

Money View provides loans of up to Rs. 5 lakhs through an application process that is entirely paperless while adhering to all safety and security norms. 

The best part is that Money View processes applications through a unique algorithm that is not entirely dependent on credit scores, ensuring that even those with lower credit scores can avail a loan easily and effortlessly. To apply for an instant loan, visit the Money View website or download the app today.

Frequently Asked Questions (FAQs)

12-month loans come with a plethora of advantages such as no collateral or minimum credit score requirements, however, due to these benefits and shorter repayment tenure, the interest rate imposed is high. 

Therefore these loans must only be availed as a last resort and only if all other options have been exhausted. Additionally, if a borrower defaults on 12-month loan payments, his/her credit score will be affected significantly.

No, applicants should ensure that the amount they borrow is on the lower side and most importantly an amount that can be easily repaid with their monthly income. 

As 12 month instant loans do not require collateral, the rate of interest imposed is high. Therefore, in order to ensure that these loans are repaid on time with interest, borrowers must avail a smaller loan amount.


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