If you are looking for a personal loan of Rs. 5 lakh loan then you have come to the right place. By following the quick and easy steps given below, you can easily avail a Rs. 5 lakh personal loan without any hassles.
While there are many lenders available in the market today not all provide the benefits that Money View offers. Minimal documentation, hassle-free application process, and instant disbursement all make Money View the best choice for a personal loan.
Follow the steps given below to get a Rs. 5 lakh loan from Money View -
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.
In order to avail a Rs. 3 lakh loan from Money View, you will have to fulfill the eligibility criteria given below -
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 |
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 |
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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)
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Any 1 of the following -
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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 |
Money View’s personal loans come with competitive interest rates and have no hidden charges whatsoever. Our fees and charges are as follows -
Fees & Charges | Amount Chargeable |
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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 |
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Availing a Rs. 5 lakh personal loan does not have to be complicated. With Money View you can avail a versatile personal loan that can be used for multiple purposes very easily. Not only are the documentation requirements minimal, the application process is quick and hassle-free. Log on the Money View website or download the App and apply now!
At Money View, we use an in-house credit rating model to assess our applicant’s credit worthiness. As long as your CIBIL score is over 600, you can avail personal loans from us.
Given below are the factors that impact Money View's interest rates -
Some of the reasons for which you can avail a personal loan from Money View are -
Yes, you can foreclose your personal loan after a certain number of EMIs have been paid, as illustrated below -
Fees & Charges | Amount Chargeable |
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Interest Rate | Starting from 1.33% per month |
Loan Processing Charges | Varies from 2% to 8% of the approved loan amount. The processing fee is deducted upfront from the approved loan |
Interest on Overdue EMIs | 2% per month on the overdue EMI/Principal loan amount |
Cheque Bounce | Rs.500/- each time |
Loan Cancellation |
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