Do you need an instant loan of Rs.10,000 but not sure how to get one? We’ve got you covered. We will list out the steps needed for you to avail of a Rs.10,000 personal loan quickly

Personal loan on Aadhaar Card

Personal loans are popular for a number of reasons such as versatility, ease of disbursement, simple eligibility criteria, etc. But did you know that this process gets easier if you have this one particular document?

We are talking about your Aadhaar card. Today, lenders are no longer asking for extensive documentation to provide personal loans. All you need is your identity proof, address proof, and income proof, and your Aadhaar card is a perfect example of both identity as well as address proof.

One of the most important factors that affect your personal loan EMI is the interest rate charged as well as the repayment term chosen which is again based on factors such as your income and credit score. The turnaround time for loan disbursal can vary with some banks taking up to a week or more. But what if you need Rs. 10,000 loan on the Aadhaar card urgently?

Luckily there is a simple solution which is to opt for personal loans from online loan providers such as Money View. If you meet the eligibility criteria and your loan application is approved in 2 hours, the loan amount will be sent to your account within 24 hours.

Steps to Apply for a Rs.10,000 Mini Loan

Follow the steps given below to get an instant personal loan of 10,000 rupees from Money View.

  • Check your Eligibility
    Download the Money View Loans app or visit the website and complete your eligibility check. And for completing this process takes only two minutes.
  • Repayment Schedule and Loan Amount
    Once your eligibility check is complete, you will find out the loan amount you’re eligible to avail. Based on this, you can choose the amount you wish to take and your repayment term as well
  • Documentation
    After this, you will need to provide your documents. The good news is that you no longer have to travel from the bank to your house as everything can be uploaded online. You will need identity proof, address proof, and income proof.
  • Verification and Disbursement
    And you’re done! Your documents and loan application will be verified and post verification, your loan amount will be credited to your account within 24 hours.

Eligibility Criteria for 10,000 Personal Loans At Money View

In order to qualify for a Rs.10,000 personal loan from Money View, you will have to meet the following eligibility criteria -

  • You must be salaried
  • You must be between the ages of 21 to 57 years old
  • You must be earning a monthly income of Rs. 13,500 or more and this amount must be credited to your bank account
  • You must have a minimum CIBIL score of 600 or a minimum Experian score of 650

If you meet the above eligibility criteria, then visit the Money View website or download the app and apply for an instant 10,000 rupees loan now.

Frequently Asked Questions (FAQ)

  1. Can self-employed applicants get a Rs 10,000 loan from Money View?
    We currently offer loans to only applicants who are salaried. However, we are working hard to ensure that we can offer the same to self-employed applicants in the future.
  2. What factors affect personal loan interest rates?
    Given below are some factors that affect personal loan interest rates -
    • Credit Score
      Your credit score is one of the most important factors that affect the interest rate of your personal loan. The lower the credit score, the higher is the interest rate.
    • Repayment History
      A good repayment history on your earlier loans has a positive effect on your credit score as therefore on your interest rate as well.
    • Employment Status
      Continuous employment with the current employer for a certain amount of time or employment with a blue-chip employer will help you get a good interest rate on your personal loan.
    • Income
      A good income is required but is not sufficient to get a loan at a low-interest rate if you already have many loans being paid out of that income.
    • Existing relations with the Lender
      A good relationship with your lender may help you get a personal loan on lower interest rates as the lender is aware of the account balances, spending, saving trends, and repayment history.
  3. What are the documents needed to receive a 10,000 rupees personal loan from Money View?
    Here’s the list of documents you will need to apply for a loan on our app or website:
    • Identity Proof:Aadhaar Card/PAN Card/Voter ID/Valid Indian Passport
    • Current Address Proof:Aadhaar card/Valid Indian Passport/Voter ID/ Utility Bills dated within the last 60 days/Ration Card
    • Bank Statement (Salary A/C):Last 3 months’ statement with salary credits
  4. What are the fees and charges applicable for a Rs.10,000 instant loan from Money View?
    The fees and charges applicable for Money View personal loans are as follows -
    Fees & Charges Amount
    Interest Rate Starts at 1.33% per month
    Loan Processing Charges Starts at 2% and up to 8% of the approved loan amount
    Loan Foreclosure
    • Part payments are not allowed
    • Complete prepayment or foreclosure is allowed after 3 EMIs
    Interest on EMIs that are overdue 2% per month on the EMI loan amount that is overdue
    Cheque Bounce Rs 500 for every cheque bounce
    Loan Cancellation
    • Additional charges will not be levied apart from the interest for the period in between loan disbursement and loan cancellation
    • Processing fees will be retained
  5. Is it safe to share my KYC documents with Money View?
    As per the RBI mandate, KYC documents are necessary to avail of a loan. Money View’s security is designed to be on par with the best financial institutions in the country. Our 256-bit data encryption for data management guarantees the security of your data. Therefore, it is completely safe to share your KYC documents with Money View.