Are you looking for an instant Rs. 5,000 loan? In this article, we will tell you how to get a Rs. 5,000 loan easily.
Money View Rs. 5,000 Personal Loan
One of the leading lenders in the country, Money View offers affordable loans through hassle-free application process and minimal documentation. You can avail any amount between Rs. 5,000 to Rs. 5 lakh based on your eligibility and benefit from flexible repayment terms within 24 hours of application approval. So if you’re typing ‘emergency loan 5000’ or ‘instant 5000 loan’, Money View is the best choice for you.
Why You Should Get Rs. 5000 Loan from Money View
Still not convinced about availing a loan from Money View? Here are some other reasons why you need to avail a loan from Money View -
Flexible Loan Amount
Money View offers personal loans of up to Rs. 5 lakhs based on your requirements
Flexible Repayment Tenure
Choose repayment term of upto 60 months
Low Interest Rates
We understand how important affordable personal loans are. Therefore, Money View interest rates start at 1.33% p.m.
24 Hour Loan Disbursal
Our personal loan is disbursed to your bank account within 24 business hours after the approval.
Hassle-free Online Process
You can apply for a personal loan from Money View at any time from anywhere. No more travelling to a bank and waiting for days
Available Even For Applicants with Low-Credit Scores
Money View provides personal loans to anyone with a CIBIL score of 600 or Experian score of 650 and above. We have our own in-house credit model that helps us assess the creditworthiness of our customers
Eligibility Criteria for Rs. 5,000 Loan from Money View
Fulfill the eligibility criteria given below to avail Money View online personal loans in Mumbai -
- Applicants must be between 21 years and 57 years
- Applicants must receive a monthly income of Rs. 13,500 or more*
- Income must be credited directly to the applicants’ 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 -
| 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 or CIBIL 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 |
Documents Required for Money View Rs. 5000 Loan from Money View
We believe in minimal documentation which is why we only need 3 documents from you -
| Identity Proof | Address Proof | Income Proof |
|---|---|---|
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
|
Any 1 of the following -
|
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 |
Fees and Charges for a Rs. 5000 Loan from Money View
We understand how important affordable loans are. Take a look at our advantageous fees and charges below -
| Fees and Charges | Amount Chargeable |
|---|---|
| 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 |
|
How to Apply for a Rs. 5000 Loan from Money View
Now that you’ve found out your eligibility and the documents required, follow the steps below to apply -
Check Your Eligibility
Visit the Money View website or download the loan app provide all the details required. We will then let you know your eligibility in just 2 minutes
Choose Your Loan Plan
Based on the options given, you will have to select the loan amount and repayment term of your choice
Provide Documents
Easily upload all of the necessary documents online for verification
24 hour Loan Disbursal
After your documents are verified and loan agreement is submitted, the loan amount will be credited to your bank account within 24 hours
Note -
- Once your documents are verified, you will receive a NACH form which needs to be printed, signed, scanned, and sent back to us
- This step will enable the auto-debit facility from your bank account and allow you to pay your EMIs on time automatically without any manual intervention.
- On receiving your NACH form, you will need to review the loan agreement on the app. Please submit the application after reviewing all the terms and conditions thoroughly
In Conclusion
Getting an instant Rs. 5,000 loan is no longer a challenge thanks to Money View. Easy application process, minimal documentation, 24 hour loan disbursal, and flexible repayment terms make Money View one of the most popular lenders in the country. Visit the Money View website or download the app to apply today.
5000 Rupees Personal loan - Related FAQs
We understand the urgency which is why at Money View, post application approval, your loan will be credited to your account within 24 hours.
Once you have submitted an application, you can track your application status on our app or website by following the steps below -
-
If you’ve applied on our website
- Go to the login section on the website by clicking here: /apply-loan/signup
- Login into your loan account with your registered email ID
- Go to the ‘Dashboard’ section of your loan account
- Scroll down to the ‘Application Status’ tab to know the status of your loan application
-
If you’ve applied on the Money View app
- Open the Money View app
- Register yourself with a valid email ID if you haven’t done it yet
- Head over to the ‘Loans’ section
- You will then be automatically redirected to the ‘Application Status’ screen where you can check your application details
- If you have the Money View Loans app, you’ll be directed to the ‘Application Status’ screen automatically as soon as you open it
Yes, you can. At Money View, we use a unique in-house credit scoring model and therefore our credit score requirements are much lower than other lenders. As long as you have a CIBIL score of 600 and above or Experian score of 650 and above, you can avail our personal loans.
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