2 Lakh Loan: Need 2 Lakh Rupees Personal Loan Urgently

Why Should you Avail Rs. 2 Lakh Personal Loan from Moneyview

Flexible Loan Amount

Depending on your eligibility you can choose any loan amount of upto Rs. 5 lakhs

24 Hour Disbursement

Your loan will be credited within a day after your loan application has been approved

No Collateral or Guarantor

There is no need for a guarantor or collateral for Money View personal loans

Low Interest Rates

Our interest rates are affordable and start at just 1.33% per month

Completely Online

The entire process from application to disbursal is quick and hassle-free

Flexible Repayment Term

Depending on your eligibility, choose repayment tenure of up to 60 months

Loans on Low Credit Score

The minimum CIBIL score of 600 or Experian score of 650 is necessary

Instant Eligibility Check

Before applying for the loan, applicants can visit the Money View website or download the app to check their eligibility which will only take 2 minutes

Eligibility Criteria for Rs. 2 Lakh Personal Loan

In order to get Rs. 2 lakh personal loan from Money View, you will need to fulfill the following criteria -

Applicants must be between 21 years and 57 years

Applicants must receive an 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

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 Rs. 2 lakh Personal Loan

Submitting documents need not be a complicated process. At Money View, we require only 3 key documents from you, as listed below -

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

Steps to get Rs. 2 Lakh Personal Loan from Money View

Check Eligibility

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

Select Loan Tenure

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

Upload Documents

Upload all of the necessary documents online for verification

Amount Disbursed

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

2 Lakh Personal Loan - Related FAQs

1. What are the applicable fees and charges for a Rs. 2 lakh loan from Money View?

Fees & Charges	Amount Chargeable
Interest Rate	Starting from 1.33% per month
Loan Processing Charges	Varies from 2% to 8% of the approved loan amount. The processing fee is deducted upfront from the approved loan
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 Processing fees will also be retained

2. I need a 2 lakh rupees loan urgently and my credit score is 690. Can I still get a personal loan?

Ans: Yes, you can. Thanks to Money View’s unique credit rating model, applicants’ whose CIBIL score is above 600 or Experian score is above 650 can avail personal loans from us.

3. What can I use a Money View personal loan for?

Ans: Money View personal loans are extremely versatile. Some of the common uses for them are -

Pay fee for college/school education
To buy an expensive gadget
For wedding expenses
To pay down-payment for another loan
To clear credit card dues
To buy household gadgets like fridge, washing machine, etc
To pay for a vacation
To pay for the repair/breakdown of your vehicle
To meet expenses towards relocation
For house renovation expenses

4. What are the factors affecting personal loan interest rates?

Ans: There are multiple factors that affect your personal loan interest rates. Some of the most important ones include -

Credit Score

Your credit score is a numerical representation of your creditworthiness. If your credit score is lower than 700, your chances of getting a low interest rate will be less. However, there are a number of steps that can be taken to increase your credit score.

Repayment History

Having a good repayment history will help you get personal loans at low interest rates as this shows the lender that you are capable of repaying your debts on time and thereby reduces the risk for the lender

Employment Type

Having a steady secured job will reduce the risk of defaulting on loans as salary is credited regularly and therefore those with secure jobs can generally avail personal loans at lower rates of interest

Income

Having a good income every month is essential but if you have taken multiple loans that need to be paid from that income, then the risk of defaulting is high, increasing the interest rate imposed

5. I am self-employed. Can I still get a personal loan from Money View?

Ans: Yes, self-employed applicants can get a personal loan from Money View if they meet the following eligibility criteria -

Monthly income of Rs. 15,000 or more
Income must be credited directly to the applicant’s bank account
Applicant must have a minimum CIBIL score of 600 or minimum Experian score of 650
Applicant must be between 21 years to 57 years old

How to Get Rs. 2 Lakh Personal Loan

Avail instant loans at affordable rates with minimal documentation

Why Should you Avail Rs. 2 Lakh Personal Loan from Moneyview

Eligibility Criteria for Rs. 2 Lakh Personal Loan

Documents Required for Rs. 2 lakh Personal Loan

Steps to get Rs. 2 Lakh Personal Loan from Money View

Loan EMI Calculators

Calculate Your EMI

Conclusion

2 Lakh Personal Loan - Related FAQs

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