Whether your house is being renovated or you’re paying off debts or collecting funds for college admission or marriage, a personal loan of Rs. 3 lakh from Money View is the ideal option to finance your big expenses.

These short-term loans are highly beneficial to finance your bigger bills and expenses. With Money View, you can enjoy fast disbursements with flexible and convenient tenure of up to 60 months. Also, there are only a handful of documents that you have to submit, which makes the process of availing an instant Rs. 3 lakh personal loan quick & easy.

How to Avail Rs. 3 Lakh Personal Loan

If you want to avail Rs. 3 lakh personal loan from Money View, follow the below-mentioned below:

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

Eligibility Verification

Check your eligibility for a personal loan on the Money View website or loan app. It will take just 2 minutes.

Choose Your Loan Scheme

Select the appropriate loan amount and payment term based on your eligibility from several options.

Upload Documents

Upload all the relevant documents such as ID, address, income proof, etc., and complete your KYC verification online.

Get the Loan

Get the loan amount transferred to your account within 24 hours of successful verification of your documents.

Eligibility Criteria for Rs. 3 Lakh Personal Loan

In order to avail a Rs. 3 lakh loan from Money View, you will have to fulfill the eligibility criteria given below -

  • You must have a monthly income of at least Rs. 13,500.
  • Your income must get credited directly to a bank account.
  • A minimum CIBIL score of 600 or Experian score of 650.
  • Your age must be between 21 to 57 years.
Income and Credit Score Eligibility Criteria*
Salaried Individuals Minimum In-Hand Income Area of Residence CIBIL Credit Score Requirement
Rs 13,500 Any 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 orCIBIL 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 Any CIBIL Score of 600 /Experian Score of 650 and above

Documents Required for a Rs. 3 Lakh Personal Loan

In order to get an instant loan from Money View, you need only 3 key documents, as listed below -

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

OR

Self-Employed Applicants - Last 3 months’ bank statements in PDF format if you are self-employed

Fees and Charges for a Rs. 3 Lakh Personal Loan

Money View’s personal loans come with competitive interest rates. Our fees and charges are as follows -

Fees & 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/hidden charges levied
  • The interest amount for the period between loan disbursement and loan cancellation will be payable.
  • Processing fees will also be retained

Benefits of Availing An Instant Personal Loan from Money View

Here are the advantages of an instant loan from Money View:

  • Your eligibility check takes just two minutes
  • You can avail a loan of any amount, starting from Rs. 5,000 up to Rs. 5 lakh
  • Enjoy flexible repayment plans of up to 5 years
  • Get the loan amount within 24 hours of approval to your account
  • Highly competitive, low-interest rates starting at monthly charges of 1.33%
  • No paperwork as all our processes are carried out online

In Conclusion

Getting a Rs. 3 lakh personal loan does not have to be complicated or overwhelming. All you need are three basic documents and two minutes. Visit the Money View website or download the App and apply today.

Frequently Asked Questions (FAQs)

The amount you pay as EMI will vary based on your credit score, your chosen repayment tenure, as well as your income. You can use our EMI calculator to get an estimate of how much your Rs. 3 lakh personal loan EMI will be.

You are obliged to provide your Know Your Customer (KYC) documents if you plan to apply for a Rs. 3 lakh personal loan from Money View as this is a government mandated requirement to prevent money laundering.

Initially, for approval of loan applications, lenders would ask for physical copies of multiple documents making the entire process cumbersome. However, with the introduction of e-KYC, the process has become a lot easier.

The verification process is also simpler today thanks to the Aadhar card as this document contains biometric data which is why you can also avail personal loans through your Aadhar card. To know more about availing personal loans on Aadhar Card, click here.

Once you have submitted an application, you can track your application status on our app or website by following the steps below -

  1. If you’ve applied on our website
    • Go to the login section on the website by clicking here: /apply-loan/signup
    • Login into your loan account with your registered email ID
    • Go to the ‘Dashboard’ section of your loan account
    • Scroll down to the ‘Application Status’ tab to know the status of your loan application
  2. If you’ve applied on the Money View app
  3. Open the Money View app

    • Register yourself with a valid email ID if you haven’t done it yet
    • Head over to the ‘Loans’ section
    • You will then be automatically redirected to the ‘Application Status’ screen where you can check your application details
    • If you have the Money View Loans app, you’ll be directed to the ‘Application Status’ screen automatically as soon as you open it

Yes, we do lend to self-employed applicants. However, you must fulfill the eligibility criteria given below -

  • Your monthly in-hand income must be above Rs. 15,000 per month
  • Income must be credited to a bank account
  • You must be between 21 to 57 years old
  • You must have a CIBIL score of 600 and above or an Experian score of 650 and above