Salary Advance Loan, Application for Advance Salary

Why Choose Money View Salary Advance Loan

Wide Range of Loan Amount

Imagine checking for your eligibility within just 2 minutes! This is possible if you are applying for a personal loan Moneyview.

Quicker Disbursement

Loan amount is disbursed to your account in just 24 HOURS of approval. This ensures that you can take care of the emergency situation as soon as possible.

No Guarantor Required

Our personal emergency loans do not need the provision of any collateral or guarantor. Just meeting our eligibility criteria and qualifying for approval is good for us to lend to you

Pocket-Friendly Interest Rates

Benefit from low-interest rates starting at just 1.33% per month. This translates into lower EMIs on your loans.

Paperless Process

Money View Emergency Personal Loans require just 3 documents in a digital format. From documentation to repayment, the entire process is done digitally.

Flexible Repayment Term

You could choose a tenure of up to 5 years. This allows you to space out your repayments according to other financial commitments.

Loans on Low Credit Score

Our alternate credit model ensures that even those with low credit scores are also allowed emergency loans.

Quick Eligibility Check

Imagine checking for your eligibity within just 2 minutes! This is possible if you are applying for a personal loan MoneyView.

What is a Salary Advance Loan?

Similar to personal loans, salary advance loans (also sometimes referred to as advance salary loans or early salary loans) are provided on the condition that they are repaid as soon as the borrower receives his/her salary in the account. However, repayment through instalments is allowed. In certain conditions the interest rate is calculated monthly or even daily.

These loans get a faster approval than other loans as they are short term loans.

There are a number of loan providers that offer personal loans in the form of advance salary loans in India and one such popular provider is Money View.

As long as you fulfill the eligibility criteria and documentation requirement, once approved, your loan amount will be credited to your account within 24 hours. The advantage in this case is that these loans are treated similar to regular personal loans.

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

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

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) Aadhaar Card Valid Indian Passport Valid Voter ID Valid Driver’s License	Any 1 of the following - Aadhaar Card Valid Indian Passport Valid Voter ID Valid Driver’s License Utility Bills (Electricity, Water, Gas) dated within the last 60 days	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

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)

Aadhaar Card
Valid Indian Passport
Valid Voter ID
Valid Driver’s License

Any 1 of the following -

Aadhaar Card
Valid Indian Passport
Valid Voter ID
Valid Driver’s License
Utility Bills (Electricity, Water, Gas) dated within the last 60 days

Salaried Applicants - Last 3 months’ bank statements of your salary account in PDF format showing salary credits

Self-Employed Applicants - Last 3 months’ bank statements in PDF format if you are self-employed

Fees & 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	No additional/hidden charges levied The interest amount for the period between loan disbursement and loan cancellation will be payable. Processing fees will also be retained

Fees & 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

No additional/hidden charges levied
The interest amount for the period between loan disbursement and loan cancellation will be payable.
Processing fees will also be retained

How to Apply for Money View Salary Advance Loan

Check Eligibility

Provide a few basic details to check your eligibility in just 2 mins!

Select Loan Tenure

Choose your loan amount & repayment tenure

Upload Documents

Complete your KYC and Verify income

Amount Disbursed

Direct Bank A/c transfer in a few minutes!

Advance Salary Loan in India - Related FAQs

1. Can Those With A Low CIBIL Score Avail Salary Advance Loans From Money View?

While most banks and lenders require applicants to have a CIBIL score of 750 and above, Money View uses a unique algorithm to understand a borrower’s creditworthiness. Therefore even those with relatively low credit scores can avail an advance salary loan in India from Money View. However, a minimum CIBIL score of 600 and above or a minimum Experian score of 650 and above is necessary.

2. How To Apply For A Money View Salary Advance Loan?

Follow the steps below to avail a salary advance loan -

Check your eligibility

Visit the Money View website or loan app. Provide the required details and we will let you know your eligibility in 2 minutes.

Choose your loan plan

Based on the options provided, select the loan amount and repayment term of your choice

Upload required documents

Upload all of the necessary documents online for verification

Loan transfer to your bank account

Post verification and submission of loan agreement, the loan amount will be credited to your account within 24 hours

Note -

After your documents are verified, you will receive a NACH form which needs to be printed, signed, scanned, and sent back to Money View
This step will enable the auto-debit facility from your bank account and allow you to pay your EMIs on time automatically without the need for 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

3. How Can I Track My Money View Emergency Loan Application Status?

Once you have submitted an application, you can track your application status on our app or website by following the steps below -

A. 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

B. 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

Salary Advance Loan

Avail Affordable Loans of Upto Rs. 5 Lakhs with Minimal Documentation

Why Choose Money View Salary Advance Loan

What is a Salary Advance Loan?

Money View Salary Advance Loan Eligibility Criteria

Documents Required for Money View Salary Advance Loan

Fees and Charges for Rs. 5 Lakh Personal Loan

How to Apply for Money View Salary Advance Loan

Loan EMI Calculators

Calculate Your EMI

Conclusion

Advance Salary Loan in India - Related FAQs

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