Yes, borrowers can apply for a ₹10,000 personal loan through Moneyview. The interest rate, tenure, availability, and approval of the loan will depend on the applicant’s profile. Through Moneyview, you can borrow loan amounts starting from ₹5,000 to ₹10 Lakh.
Whether you want to buy a new phone, repair your car, or go on a dream vacation, a quick loan of ₹10,000 can help raise your budget to get what you want.
With Moneyview, a quick loan of ₹10,000 will be credited to your account within just a few hours from approval. Here are the benefits of applying through Moneyview -
1. Flexible Loan Sum
Borrow anywhere from ₹5,000 to ₹10 Lakh
2. Unsecured Loans
You do not need a guarantor or collateral for a personal loan through Moneyview
3. Quick Processing
The loan amount is transferred to your bank account within a few hours after approval
4. Entirely Digital Process
100% digital process, right from documentation to repayment.
5. Repay Flexibly
Repayment terms available from 6 to 60 months
6. Loans for Lower Credit Scores
Get a personal loan with a CIBIL score as low as 650
7. Fast Eligibility Assessment
Check your eligibility on the Moneyview site in just 2 minutes
8. Competitive Interest Rates
Interest rates starting from just 14% p.a.
Moneyview’s partner lenders have simple eligibility criteria to make sure you get the money when you need it. Given below are the eligibility criteria for a quick ₹10,000 loan -
Applicants must be aged between 21 and 57 years
They should be either salaried or self-employed
They should have a monthly income of ₹25,000
A minimum CIBIL score of 650 is necessary
Below are the minimal documentation requirements for a personal loan of ₹10,000. All you need to do is -
Confirm or enter your PAN number
Make sure your mobile number is linked to your Aadhaar card for KYC verification
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 -
Aadhaar Card
Valid Indian Passport
Valid Voter ID
Valid Driver’s License
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.
Loans offered by Moneyview’s lending partners come with reasonable interest rates. For a ₹10,000 loan, the interest rates and other fees are as mentioned below -
|
Fees and Charges |
Amount Chargeable |
|---|---|
|
Interest Rate |
Starting from 14% per annum |
|
Loan Processing Charges |
Starts from 2% of the approved loan amount |
|
Penal Charges on Overdue EMI |
24% per annum plus applicable taxes, if any |
|
NACH Bounce |
₹500/- each time |
|
Loan Cancellation |
You can cancel your loan anytime before the disbursal. However, if you wish to cancel the loan after the amount has been credited to your account, you can do so within the cool-off period of 3 days from the date of disbursement. |
There is no restriction on the end use of the loans. So you can use it the way you want. It can be used for a variety of purposes, such as -
A ₹10,000 loan can easily aid you in pursuing a new skill or give you a financial push for your existing courses.
Medical emergencies need instant money. This is where a ₹10,000 personal loan can be a lifesaver. Moreover, our lending partners offer quick loans, so you can take care of your loved ones while we take care of your medical bills.
Want to purchase your favourite electronic device but short on funds? With a personal loan of ₹10,000 from Moneyview, you can finally bring home the electronic device you have long wished to buy.
While ₹10,000 may not be enough to fund your entire wedding, you can use the ₹10,000 instant loan to pay for your outfits, decorations, or invitations.
Planning a much-needed quick getaway this weekend? Take a loan of ₹10,000 from Moneyview to bring life to your travel dreams.
Sometimes a month's salary is not enough to cover all expenses. At those times, you can simply take a ₹10,000 personal loan from Moneyview and cover all of your needs.
A ₹10,000 personal loan is the ideal solution for fixing your car or refrigerator when you are short on funds. Get your appliances working with loans from our digital lending platform and repay them conveniently in monthly instalments.
A ₹10,000 loan can be helpful if you suddenly need to repair your bike or scooty. If you use your vehicle to commute regularly, keeping it in top shape is very important.
Loan Amount
Min ₹5,000
Max ₹6,000,000
Rate of Interest
Min 6%
Max 36%
Loan Tenure
5
months
Min 3 months
Max 72 months
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's 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 ₹10,000 at an interest rate of 14% per annum. Here is what your EMI could look like for different repayment terms -
|
Loan Amount |
Interest Rate (p.a.) |
Tenure (in months) |
EMI in Rs. |
|
₹10,000 |
14% |
3 |
₹3,411 |
|
6 |
₹1,735 |
||
|
12 |
₹898 |
||
|
24 |
₹480 |
||
|
36 |
₹342 |
||
|
48 |
₹273 |
||
|
60 |
₹233 |
Moneyview Says
In the middle of a monsoon, one day, Rahul notices a damp patch on his living room ceiling. By the weekend, it was a rhythmic drip landing right on his favourite armchair.
Rahul was stressed. He had just paid his rent and a few unexpected utility bills, and his bank balance was looking a bit thin. He knew the ceiling repair would be costly.
That’s when he remembered reading that a personal loan could be the ideal solution. He didn't have to borrow from friends or deal with awkward conversations. He just hopped onto the Moneyview platform, and within a few hours, he could sit in his armchair, relaxed and carefree.
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 ₹10,000 loan for a tenure of 12 months at an interest rate of 14%
|
Payment Month |
EMI (Interest + Principal) |
Interest |
Principal |
Balance |
|
0 |
|
|
|
₹10,000 |
|
1st Month |
₹897.87 |
₹116.67 |
₹781.20 |
₹9,218.80 |
|
2nd Month |
₹897.87 |
₹107.55 |
₹790.32 |
₹8,428.48 |
|
3rd Month |
₹897.87 |
₹98.33 |
₹799.54 |
₹7,628.94 |
|
4th Month |
₹897.87 |
₹89.00 |
₹808.87 |
₹6,820.07 |
|
5th Month |
₹897.87 |
₹79.57 |
₹818.30 |
₹6,001.77 |
|
6th Month |
₹897.87 |
₹70.02 |
₹827.85 |
₹5,173.92 |
|
7th Month |
₹897.87 |
₹60.36 |
₹837.51 |
₹4,336.41 |
|
8th Month |
₹897.87 |
₹50.59 |
₹847.28 |
₹3,489.13 |
|
9th Month |
₹897.87 |
₹40.71 |
₹857.16 |
₹2,631.96 |
|
10th Month |
₹897.87 |
₹30.71 |
₹867.16 |
₹1,764.80 |
|
11th Month |
₹897.87 |
₹20.59 |
₹877.28 |
₹887.52 |
|
12th Month |
₹897.87 |
₹10.35 |
₹887.52 |
₹0 |
Need a personal loan of ₹10,000? Follow these simple steps.
1
Check Eligibility
You can check your eligibility on the Moneyview website or app in just 2 minutes!
2
Select Loan Tenure
Choose the loan amount and repayment period from the options provided to you as per your eligibility.
3
Upload Documents
We ask for minimal documents to verify your profile. You can upload your documents online without any hassle.
4
Amount Disbursed
Once the application is verified and the loan agreement is signed, the loan amount will be directly credited to your bank account within a few hours!
Note: 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.
Even though personal loans are a convenient way to quickly borrow ₹10,000, let’s look at some other ways you can procure funds when in need:
|
Option |
Security |
Speed |
Typical Cost |
Best For |
|---|---|---|---|---|
|
Personal Loan |
Unsecured |
Fast |
Interst + fees |
Short-term requirement |
|
Credit Card |
Unsecured |
Immediate if available |
Depends on the card |
Existing cardholders |
|
Loan Against FD |
Secured |
Fast |
Usually low |
FD holders |
|
Borrowing from Family or Friends |
No formal collateral |
Depends on availability |
Depends |
Small temporary needs |
Personal loans can be helpful in a lot of situations. But sometimes, it is best not to borrow at all. You should avoid taking a personal loan:
If you can comfortably cover the expenses from your savings
If the EMI would cause financial hardship
If you already have multiple outstanding loans
If the total fees make the borrowing cost too high
If the expense is discretionary and can be postponed
The way you repay your loan shows your financial behaviour, which will determine your credit score. Thus, here are some tips and tricks to help you not get stuck and pay off your loan with ease -
Try to keep your EMI date close to your salary date
Keep your EMI affordable based on your monthly budget
Avoid a very long tenure for small loans, such as ₹10,000
Consider prepayment if you have extra cash (due to a bonus at your job, or profits at your business)
Pay the EMI on the due date without fail
A ₹10,000 loan is not small, but nor is it very big. Here is how it compares to other popular loan amounts -
₹5,000 Loan: Often referred to as a starter loan. It can be used to build your credit score or to use during emergencies. This can also be used to build credibility for bigger loans in the future.
₹20,000 Loan: This loan will have small EMIs and can be used for shopping, travel, or wedding expenses.
₹25,000 Loan: You can opt for a loan of ₹25,000 to buy your dream wedding outfit! This loan can also help you with small home repairs, children’s education, etc.
₹30,000 Loan: You can consider taking such an amount on loan if you have specific plans like home renovation, credit card debt consolidation, travel funds, etc.
₹50,000 Loan: This is a big amount, and you should only opt for it if you have a big emergency. This could be debt consolidation or any other medical emergency that requires hospitalization.
Moneyview’s partner lenders use a unique algorithm to deduce an applicant’s creditworthiness. Through Moneyview, you can get a personal loan with a CIBIL score of 650.
As the funds from a personal loan through Moneyview are versatile, you can use them for a variety of purposes, like -
Emergency expenses
Dream vacations
Debt consolidation, or to repay credit card dues.
Business ventures
Down payment for other loans
Fund your education.
Personal Loan by Income and Purpose
Personal Loan Insights and Guides
Loan EMI Calculators
Loan Schemes and MSME Loans
Best Personal Loan Resources
Personal Loan in Top Cities
Personal Loan Types and Comparisons
Loan Process, Terms and Rules Explained
Disclaimer
The starting interest rate depends on factors such as credit history, financial obligations, specific lender's criteria and Terms and conditions. Moneyview is a digital lending platform; all loans are evaluated and disbursed by our lending partners, who are registered as Non-Banking Financial Companies or Banks with the Reserve Bank of India.
This article is for informational purposes only and does not constitute financial or legal advice. Always consult with your financial advisor for specific guidance.
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