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

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Flexible Loan Amount

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

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24 Hour Disbursement

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

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No Collateral or Guarantor

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

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Low Interest Rates

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

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Completely Online

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

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Flexible Repayment Term

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

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Loans on Low Credit Score

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

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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

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.

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 of 600 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 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

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 Money View

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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.

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Select Loan Tenure

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

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Upload Documents

Upload all of the necessary documents online for verification

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Amount Disbursed

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

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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

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.

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

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

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

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