A personal loan can be of immense help during financial emergencies. While there are a number of lenders in the market today, getting a personal loan without a hassle-free application process or minimal documentation is quite rare, but thankfully not impossible!
moneyview - The Best Option for Personal Loans
moneyview loans are highly sought after and there are plenty of reasons for this. Right from instant disbursal to minimal documentation to easy application process, our loans are second to none. Continue reading to know how you can get a loan of up to Rs. 10 lakh from moneyview from the comfort of your home.
Eligibility Criteria for 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 or Experian score of 650
Given below is a city-wise breakdown of the income and credit score requirement -
Documents Required for Rs. 5 Lakh Personal Loan
In order to get a Rs. 5 lakh loan from moneyview, you need only 3 key documents, as listed below -
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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.
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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.
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These include an Aadhaar card, Utility bills such as electricity, telephone, etc., Ration Card, Voter ID, Bank Statement, etc.
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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.
Fees and Charges for Rs. 5 Lakh Personal Loan
Money View’s personal loans come with competitive interest rates and have no hidden charges whatsoever. Our fees and charges are as follows -
Rs. 5 Lakh Personal Loan EMI for Tenure of 1-5 Years
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.
Check Other Personal Loan Options Based on Your Budget
Conclusion
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!
