Why Choose Moneyview 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.
Eagerly waiting for the month to end is something you do far too often? You would not be the only one doing so. In today’s world, with rising prices and inflation, your salary may not be enough to cover all expenses.
In such cases, a personal loan in the form of an advance salary loan can be useful.
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, and Moneyview’s partner lenders are some of the top loan providers in India.
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.
How to Apply for a Salary Advance Loan through Moneyview
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!
Conclusion
Getting a loan to cover your bills in addition to your salary is helpful and easier on your finances. These loans can be easily repaid in affordable EMIs. However, borrowers must know - your EMIs will depend on the amount that you apply for and your credit score along with other factors. But if you are looking for a salary advance app or an app that provides advance salary loans in India, visit the Moneyview website or download the App and apply now!
Advance Salary Loan in India - Related FAQs
While most banks and lenders require applicants to have a CIBIL score of 750 and above, Moneyview’s partner lenders use special algorithms to understand a borrower’s creditworthiness. Therefore, even those with relatively low credit scores can avail of an advance salary loan in India from Moneyview. However, a minimum CIBIL score of 600 and above or a minimum Experian score of 650 and above is necessary.
Follow the steps below to avail a salary advance loan -
Check your eligibility
Visit the Money View website or moneyview 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 Moneyview
- 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
- 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
- Open the Moneyview app
- Register yourself with a valid email ID if you haven’t done it yet
- Head over to the ‘Loans’ section
- If you have the Moneyview app, you’ll be directed to the ‘Application Status’ screen automatically as soon as you open it
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