Are you looking for a Rs. 2 lakh personal loan? You have come to the right place. Money View, a top personal loan provider offers affordable loans starting from 5,000 up to 5 Lakhs.

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

While there are many loan providers in the market today, Money View stands out due to the following advantages offered -

24 Hour Disbursement

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

Low Interest Rates

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

Flexible Loan Amount

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

Flexible Repayment Term

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

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

Loans for Low Credit Score Applicants

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

Completely Online

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

No Collateral or Guarantor

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

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

Now that you know our eligibility and documentation requirements, follow these steps to get a 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

In Conclusion

Getting an Rs. 2 lakh personal loan has never been easier. Thanks to Money View’s easy application process, minimal documentation, and affordable interest rates, anyone who fulfills the required eligibility criteria can avail affordable personal loans.Visit the Money View website or download the app and apply today.

2 Lakh Personal Loan - Related FAQs

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

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.

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

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

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