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!
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.
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 -
Applicants must be aged between 21 - 57 years
They should be either salaried or self-employed receiving at least a monthly income of Rs.25,000
This income should be received directly in their bank account
A minimum CIBIL score of 650 is necessary
Below are our partner lenders’ minimal documentation requirements for a personal loan of Rs.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 Rs.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 |
Rs.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. |
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 -
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 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.
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.
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.
Planning a much-needed quick getaway this weekend? Take a loan of Rs.10,000 from Moneyview to bring life to your travel dreams.
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.
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.
Depending on your salary, needs, and eligibility, you can also opt for other personal loans.
| Use cases of Personal Loan |
|---|
Your monthly EMI is
per month for 5 months
Total Interest
₹1,004
Total Amount
₹51,004
Loan Amount
Min ₹10
Max ₹25,000
Rate of Interest
Min 5%
Max 25%
Loan Tenure
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 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 -
| Loan Amount | Interest Rate (p.a.) | Tenure (in months) | EMI in Rs. |
|---|---|---|---|
|
Rs.10,000 |
14% |
3 |
3,411 |
|
6 |
1,735 |
||
|
12 |
898 |
||
|
24 |
480 |
||
|
36 |
342 |
||
|
48 |
273 |
||
|
60 |
233 |
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% -
| Payment Month | EMI (Interest + Principal) | Interest | Principal | Balance |
|---|---|---|---|---|
|
0 |
|
|
|
Rs.10,000 |
|
1st Month |
Rs.897.87 |
Rs.116.67 |
Rs.781.20 |
Rs.9,218.80 |
|
2nd Month |
Rs.897.87 |
Rs.107.55 |
Rs.790.32 |
Rs.8,428.48 |
|
3rd Month |
Rs.897.87 |
Rs.98.33 |
Rs.799.54 |
Rs.7,628.94 |
|
4th Month |
Rs.897.87 |
Rs.89.00 |
Rs.808.87 |
Rs.6,820.07 |
|
5th Month |
Rs.897.87 |
Rs.79.57 |
Rs.818.30 |
Rs.6,001.77 |
|
6th Month |
Rs.897.87 |
Rs.70.02 |
Rs.827.85 |
Rs.5,173.92 |
|
7th Month |
Rs.897.87 |
Rs.60.36 |
Rs.837.51 |
Rs.4,336.41 |
|
8th Month |
Rs.897.87 |
Rs.50.59 |
Rs.847.28 |
Rs.3,489.13 |
|
9th Month |
Rs.897.87 |
Rs.40.71 |
Rs.857.16 |
Rs.2,631.96 |
|
10th Month |
Rs.897.87 |
Rs.30.71 |
Rs.867.16 |
Rs.1,764.80 |
|
11th Month |
Rs.897.87 |
Rs.20.59 |
Rs.877.28 |
Rs.887.52 |
|
12th Month |
Rs.897.87 |
Rs.10.35 |
Rs.887.52 |
Rs.0 |
Need an instant personal loan of Rs.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 24 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.
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