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!
A personal loan can be of immense help during financial emergencies. While there are several 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 has slowly risen to prominence as one of the most trusted loan apps in India. With instant disbursal, minimal documentation, and a unique credit rating model, it offers customized loans to suit the requirements of its customers. From Rs. 5,000 to Rs. 10 Lakh, you can get any amount in just a few clicks and minutes.
Read more to understand how you can get an instant personal loan of Rs. 5 Lakh.
Eligibility Criteria for Rs. 5 Lakh Personal Loan
To get an instant personal loan from moneyview, you must meet the criteria for eligibility outlined below -
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Applicant must be salaried or self-employed
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They must receive a monthly in-hand income of ₹13,500 or more
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This income should be received in a bank
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A minimum CIBIL score and Experian score of 650 is necessary
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Borrowers must be aged between 21 years and 57 years
Documents Required for Rs. 5 Lakh Personal Loan
Our documentation requirements are minimal. All you will have to do is -
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Confirm/enter your PAN number
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Ensure that your mobile number is linked to your Aadhaar card for KYC verification
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Provide a clear selfie taken in a well-lit area
Please note that the documentation requirements will vary based on your profile. We may require proof of address, bank statement, and other supporting documents.
In case we require proof of address, any one of the following documents will suffice -
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Aadhaar Card
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Valid Indian Passport
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Valid Voter ID
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Valid Driver’s License
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Utility Bills (Electricity, Water, Gas) dated within the last 60 days
If we require income proof, you must furnish your bank statement for the last three months. This statement must also show your salary credits.
Fees and Charges for Rs. 5 Lakhs 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 Lakhs 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 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.
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