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. 10 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 Moneyview personal loans
Low Interest Rates
Our interest rates are affordable and start at just 10% per annum
There are plenty of options today when it comes to personal loans but not every lender will offer the benefits that you seek. If you’re tired of applying for loans and not receiving a response or not getting the loan amount of your choice, we have a solution for you.
Moneyview offers some of the best personal loans in the country. Continue reading to find out the standout features and benefits of our loans.
Table of Contents
Eligibility Criteria for Rs. 2 Lakh Personal Loan
In order to get Rs. 2 lakh personal loan from Moneyview , you will need to fulfill the following eligibility criteria -
-
You should be between 21 years and 57 years
-
You will have to receive an income of Rs. 13,500 or more*
-
Income must be credited directly to your bank account
-
Credit score must be a minimum CIBIL score 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 Scor /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 /Experian Score of 650 and above | |
| Rs 15,000 | Metro City other than Mumbai and NCR | CIBIL Score /Experian Score of 650 and above | |
| Self-Employed Individuals | Rs 15,000 | Any | CIBIL Score /Experian Score of 650 and above |
Documents Required for Rs. 2 lakh Personal Loan
Submitting documents need not be a complicated process. At Moneyview, 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)
|
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 |
EMI For Rs. 2 Lakh Personal Loan with Tenure of 1-5 Years
It is natural to want to know your EMI amount as this will help you plan out your finances. You can easily find out your EMI without any hassle by using the personal loan EMI calculator.
Just add in the relevant details and find out your EMI amount instantly.
Here’s an example of what the EMI for a Rs. 2,00,000 loan would be if availed at an interest rate of 18% per annum.
| Loan Amount | Interest Rate (p.a.) | Tenure (in months) | EMI in Rs. |
|---|---|---|---|
|
Rs. 2,00,000 |
18% |
12 |
Rs. 27,503 |
|
24 |
Rs. 14,977 |
||
|
36 |
Rs. 10,846 |
||
|
48 |
Rs. 8,813 |
||
|
60 |
Rs. 7,618 |
Steps to get Rs. 2 Lakh Personal Loan from Moneyview
Check Eligibility
Visit the Moneyview 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
Conclusion
Getting an Rs. 2 lakh personal loan has never been easier. Thanks to Moneyview’s easy application process, minimal documentation, and affordable interest rates, anyone who fulfills the required eligibility criteria can avail affordable personal loans. Visit the Moneyview website or download the app and apply today.
2 Lakh Personal Loan - Related FAQs
Yes, you can easily get a loan from Moneyview with a CIBIL score of 690. Applicants whose CIBIL score is above 600 or Experian score is above 650 can avail instant personal loans from Moneyview.
A Moneyview personal loan is as flexible as your needs. You can use it for a variety of purposes such as paying school or college fees, buying an expensive gadget, or for wedding expenses. You can also use it to pay down-payment for another loan, clear credit card dues, pay for a vacation, meet relocation expenses, or for home 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 Moneyview if they meet the following eligibility criteria -
- Monthly in-hand income of Rs.15,000 or more
- Income must be credited directly to the applicant’s bank account
- Minimum CIBIL or Experian score of 650
- Must be between 21 years to 57 years old
Unfortunately, it is not possible to get a 2 Lakh loan without income proof. You have to submit your bank statements or your salary slips as your income proof.
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