When financial emergencies hit us, Rs.10,000 can be of great help. However, availing of a loan can be a complex process and involves a lot of paperwork. Moneyview has simplified the loan application process, making it entirely digital with minimal documentation and instant loan amount disbursals.
To know how to get an instant Rs.10,000 loan, read on!
Rs.10,000 Instant Loan through Moneyview
One of the leading loan providers in the country, Moneyview facilitates personal loan offers ranging from Rs.5,000 to Rs.10 Lakh with flexible repayment options of up to 60 months.
Applicants who meet the eligibility criteria can avail instant loans of Rs.10,000 easily through a hassle-free application process.
Eligibility Criteria for Rs.10,000 Instant Loan
Moneyview’s partner lenders have simple eligibility criteria to ensure accessibility for all its borrowers. Given below are the eligibility criteria for an instant Rs.10,000 loan -
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Applicants must be aged between 21 - 57 years
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They should be either salaried or self-employed receiving at least a monthly income of Rs.25,000
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This income should be received directly in their bank account
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A minimum CIBIL score of 650 is necessary
Documents Required for Instant Rs.10,000 Loan
Below are our partner lenders’ minimal documentation requirements for a personal loan of Rs.10,000. All you need to do is -
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Confirm or enter your PAN number
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Make sure your mobile number is linked to your Aadhaar card for KYC verification
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Provide a clear selfie taken in a well-lit area
Please keep in mind that documentation requirements differ depending on your profile. Our lending partners may want proof of address, a bank statement, and other supporting documents.
If our lending partners require proof of address, any of the following documents will suffice -
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Aadhaar Card
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Valid Indian Passport
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Valid Voter ID
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Valid Driver’s License
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Utility Bills (Electricity, Water, Gas) dated within the last 60 days
In case our partner lenders need your income proof, you must provide your bank statement for the last three months. This statement must also show your salary credits.
Fees and Charges for Rs.10,000 Instant Loan
Loans offered by Moneyview’s lending partners come with reasonable interest rates. For a Rs.10,000 loan, the interest rates and other fees are as mentioned below -
What is the EMI for a Personal Loan of Rs.10,000?
EMIs should not increase the stress of your monthly expenses. Our lending partners' low interest rates and flexible repayment terms provide an affordable EMI.
Moneyview personal loan EMI calculator makes it easier to determine how much of your salary goes toward your monthly loan EMI.
Let us say you took a personal loan of Rs.10,000 at an interest rate of 14% per annum. Here is what your EMI could look like for different repayment terms -
Amortization Table for a Rs.10,000 Personal Loan
Amortization refers to paying regular installments over a period to clear your loan. Each payment includes the interest and principal amount, which helps lower the outstanding balance.
An amortization schedule or table shows each payment, detailing how much goes toward interest and how much reduces the principal. Let's look at the example of a Rs.10,000 loan for a tenure of 12 months at an interest rate of 14% -
What is the Purpose of a Rs.10,000 Personal Loans?
Personal loans offered through the Moneyview digital lending platform are hassle-free every step of the way. There is no restriction on the end use of the loans, so you can use the amount as you see fit. It can be used for a variety of purposes, such as -
Education
A Rs.10,000 loan can easily aid you in pursuing a new skill or give you a financial push for your existing courses.
Medical Emergencies
Medical emergencies need instant money. This is where a Rs.10,000 personal loan can be a lifesaver. Moreover, Moneyview's lending partners offer instant loans, so you can take care of your loved ones while we take care of your medical bills.
Gadgets and Electronics
Want to purchase your favorite electronic device but short on funds? With a personal loan of Rs.10,000 from Moneyview, you can finally bring home that electronic you have long wished to buy.
Wedding
While Rs.10,000 may not be enough to fund your entire wedding, you can use the Rs.10,000 instant loan to pay for your outfits, decorations, or invitations.
Travel
Planning a much-needed quick getaway this weekend? Take a loan of Rs.10,000 from Moneyview to bring life to your travel dreams.
Pay Bills
Sometimes a month's salary is insufficient to cover all expenses. You can simply obtain an instant Rs.10,000 personal loan from Moneyview and cover all of your needs.
Repairs
A Rs.10,000 personal loan is the ideal solution for appliances that require regular repairs. Get your appliances working with loans from our digital lending platform and repay it conveniently in monthly installments.
Check Other Personal Loan Options Based on Your Budget
Depending on your salary, needs, and eligibility, you can also opt for other personal loans.
How to Apply for an Instant Rs.10,000 Loan in Minutes?
Need an instant personal loan of Rs.10,000? Follow these simple steps.
1. Check Your Eligibility
Visit the Moneyview website or download the app, enter all of the required details, and we will let you know your eligibility in just 2 minutes.
2. Select Your Loan Plan
Based on the options given, you must select the loan amount and repayment term of your choice.
3. Provide Documentation
Easily upload all required documents online for verification.
4. 24-hour Loan Disbursement
After verifying your documents and submitting the loan agreement, the loan amount will be credited to your bank account within 24 hours.
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You will also need to allow auto-debit from your bank account. This is a short process that allows you to utilize a debit card, net banking, or NACH form. The auto-debit function enables you to pay your EMIs automatically every month without the need for your involvement.
Please make sure that the documents provided above are officially valid at the time you submit your loan application. If you can complete the oKYC process during your application flow, the document requirements will be minimal.
