How to Avail Rs. 5 Lakh Personal Loan

In order to avail an instant personal loan from moneyview, you will have to fulfill the eligibility criteria given below -

• You should be between 21 years and 57 years old
• You will have to receive a minimum monthly income of Rs. 13,500 or more*
• Income must be credited directly to your bank account
• Credit score must be a minimum CIBIL score of 600 or minimum Experian score of 650

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

In order to get a Rs. 5 lakh loan from moneyview, you need only 3 key documents, as listed below -

• ID Proof
  An original identity proof that is government issued and clearly displays the date of birth is allowed. The preferred document is your PAN card, however, if you are unable to furnish that, we will accept valid Voter ID, Aadhaar Card, Driver’s License, etc.

• Address Proof
  An original document that has been issued by the Government of India that displays the current address of the applicant can be submitted. 

  • These include an Aadhaar card, Utility bills such as electricity, telephone, etc., Ration Card, Voter ID, Bank Statement, etc. 

  • Applicants must note that utility bills and bank statements are only accepted if they have been generated within the past 60 days.

Income Proof
For salaried individuals, the previous three months’ salary slips that showcase important details such as the name of the employer or the past three months’ bank statements in PDF format showing salary credits for self-employed applicants are valid.

Taking a loan of Rs. 5 lakh is possible with moneyview. Knowing the EMI you will have to pay will definitely help you when it comes to planning your finances for each month.

The moneyview personal loan EMI calculator makes it incredibly easy for you to find out your EMI within seconds. All you need to do is provide the necessary details.

For example, if you took a personal loan of Rs. 5,00,000 at 16.5% interest rate per annum, here is what your EMI could look like for different repayment terms -

*Note: Interest rates may vary from one user to another based on credit score, income, age, etc.