Whether to manage unexpected expenses or to give themselves a financial boost, almost everyone needs a loan at some point. With Moneyview’s digital lending app, getting that quick financial support is now easier than ever.
Looking for an instant Rs.5,000 loan? Here’s how!
Get Affordable Loans with Flexible Repayment Options
If you are searching for ‘I need 5000 rupees loan urgently’ or ‘5000 loan on Aadhar card’, you are at the right place. Through Moneyview, you can get a Rs.5,000 loan instantly.
Our partner lenders offer affordable loans through a hassle-free application process. You won’t need to submit multiple documents and it is almost like getting a 5000 loan on Aadhaar card. This means, that our partner lenders' documentation requirements are incredibly minimal!
Eligibility Criteria for an Instant Rs. 5,000 Loan
Our lending partners' simple eligibility criteria for borrowers to get an emergency loan of Rs. 5000 are as follows.
-
The borrower should be between 21 years and 57 years
-
He/she must earn a minimum of Rs. 25,000 or more monthly
-
Income must be credited directly to their bank account
-
To qualify for a personal loan through Moneyview, the applicant must possess a minimum CIBIL score of 650
Documents Required For Instant Rs. 5,000 Loan
For a personal loan of Rs. 5,000, the bare minimum documentation is as follows:
-
Your PAN number
-
Your mobile number will have to be linked to your Aadhaar card for KYC verification
You must also enable the auto-debit facility on your bank account in order to permit automatic withdrawals from your account. Use a debit card, net banking, or a NACH form to finish this quick procedure.
The auto-debit facility will enable you to pay your EMIs automatically each month, eliminating the need for manual intervention.
Income and Credit Score Eligibility Criteria
You can easily apply for a personal loan from Moneyview for Rs. 5,000 if you meet the eligibility criteria listed below.
Given below is a city-wise breakdown of the income and credit score requirements -
How to Apply for An Instant Rs. 5,000 Loan in Minutes?
Check Eligibility
You can find out the amount you are eligible for in just two minutes on the Moneyview website or digital lending app
Select Loan Tenure
You can choose any loan amount, from Rs. 5000 to Rs. 10 Lakh, and the repayment term that best suits your needs based on your eligibility
Upload Documents
Since Moneyview’s application process is entirely digital, you can easily upload all the necessary documents for a quick verification
Amount Disbursed
As soon as the loan agreement is submitted and the documents are verified, your loan amount will be transferred directly to your bank account within 24 hours.
Fees and Charges for Rs. 5,000 Instant Loan
Our lending partners provide some of the market's most fair and affordable interest rates. The fees for Rs. 5,000 personal loans are -
What is the EMI for a Rs.5,000 Loan?
You might be typing things like ‘I want 5000 rupees loan’ or ‘ I need 5000 rupees loan urgently’ and we understand your emergency. But it is essential to know the EMI beforehand as it will help you manage your finances better.
All you need to do is use the Moneyview personal loan EMI calculator and find out your EMI in seconds.
For example, if you took a personal loan of Rs. 5,000 at a 17% interest rate per annum, here is what your EMI could look like for different repayment terms -
Personal Loan Amortization
Loan amortization is the process of paying off a debt in fixed payments over a specific period of time. Each payment will have two components: interest and principal.
An amortization schedule shows all the payments to be made over the life of the loan. It shows how much goes towards reducing the principal and how much towards the interest.
So, if you take a personal loan of Rs.5,000 at a 17% interest rate per annum, this will be the loan amortization schedule.
What is the Purpose of Rs. 5,000 Instant Loans?
Instant Rs. 5000 loans are collateral-free and there is no restriction on the end use. So, the borrower is free to use the loan as they see fit.
A Rs. 5000 loan can be used for a variety of purposes, such as -
Credit Card Bills
An emergency loan of Rs. 5000 can help you quickly pay off your credit card dues and prevent you from racking up interest rates.
Travel Goals
While an Rs. 5,000 instant loan may not be enough for a world tour, it can definitely help you realize your wanderlust dreams to a large extent.
Medical Bills
Whether it is a small stent loan of Rs. 5000 or a large loan of Rs. 10 Lakh, Moneyview is here to help you when life throws you a curveball in the form of medical emergencies.
Shopping
Shopping without any funds in the bank account is no fun. Whether it is to buy your favorite dress or surprise your mom with a new saree, take a small Rs. 5000 from Moneyview and shop to your heart’s content!
Online Courses
There are several ways to improve your skills and add another certification to your resume. Taking courses online is one of them. An emergency loan of Rs. 5,000 from Moneyview is the perfect solution to fund your dreams!
Increase Credit Score
Did you know that one of the best ways to increase your credit score is to get a loan and repay it on time? An Rs. 5,000 personal loan from us is perfect for this purpose as the EMIs will also be relatively affordable.
