Why Should You Take A Medical Emergency Loan from Money View

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Flexible Amount and Repayment Term

You can choose a loan amount from Rs. 5,000 to Rs.5,00,000 and a repayment period of up to 5 years based on your eligibility

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Quick Disbursement

In the case of emergencies, getting financial assistance as quickly as possible is important. Money View comes through by disbursing the loan within just 24 hours of application approval

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No Security or Collateral

Money View doesn’t ask you to pledge any security or collateral which means that the disbursal time is quicker

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Affordable Interest Rates

We understand how important interest rates are as they determine the EMI amount to be paid. At Money View, the interest rate starts at just 1.33% per month

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100% Digital Process

From application to disbursement, everything is done online which makes the process quick and convenient

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Apply from Anywhere

Because of the digital process, you can apply for a personal loan from anywhere in India

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Loans on Low Credit Score

The minimum score required is a CIBIL score of 600 or Experian score of 650.

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Instant Eligibility Check

You can check your medical emergency loan eligibility in just 2 minutes

Medical issues seldom come announced and in case of emergencies, having immediate financial assistance is important. Keeping this in mind, Money View offers medical emergency loans within just 24 hours to help you in your situation.

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Eligibility Criteria for Medical Emergency Loan

Here is the eligibility criteria to fulfill if you need an emergency medical loan -

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

What Are the Documents Needed for a Medical Emergency Loan?

Money View requires a maximum of 3 documents from you to process your loan. These are -

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

How to Get Money View Instant Medical Emergency Loan

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Check Eligibility

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

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Choose Your Loan Plan

You will have to choose the loan amount and tenure offered to your based on your eligibility

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Provide Required Documents

Easily upload all of the necessary documents online for verification in a hassle-free manner

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Instant Loan Disbursal

After your documents are verified and loan agreement is submitted, the loan amount will be credited to your bank account within 24 hours

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Conclusion

Medical emergencies are some of the most stressful situations one can experience. In this case, it is important to have financial security. Even if you don’t, Money View personal loans are here to help you out. All you need to do is visit the website or download the app to get the loan within 24 hours.

Frequently Asked Questions (FAQs)

Ans: A Medical Loan, as the name suggests, is a loan that is used for expenses related to a medical emergency or even for planned treatments of a medical condition. This could include the cost of surgeries , medicines, specialist fees, diagnostic tests, hospital costs in the form of room rent, consumables, etc.

Unlike home loans, education loans or auto loans, there is no specific loan for medical expenses. However, you can avail a personal loan to pay for the same.

Ans: A medical loan or a personal loan for meeting medical expenses can be availed from the following sources

  • Banks and Financial Institutions
  • Online Private Lenders such as Money View

Ans: Money View loans are popular as they are versatile, easy on the pocket, and are disbursed within 24 hours of loan approval. Additionally, there is no need for applicants to provide any form of collateral or security.

Ans: In order to be eligible for a Money View personal loan, salaried applicants must be receiving a monthly income of Rs. 13,500 per month and the amount must be directly credited to their bank account.

Ans: Here’s the list of documents you will need to apply for a loan on our app or website:

  • Identity Proof – Aadhaar/PAN Card
  • Current Address Proof – If Aadhaar Card doesn’t feature your current address
  • Bank Statement (Salary A/C) – Last 3 months’ statement with salary credits

Ans: Yes, you can. Money View loans are available for all individuals across India.

Ans: Yes, self-employed applicants can avail personal loans from Money View as long as they meet the eligibility criteria. Visit the Money View website to complete your eligibility check within two minutes to find out more.

Ans: Money View loan fees and charges is quite competitive. These include -

Fees and Charges

Amount Chargeable

Interest Rate

Starting from 1.33% per month

Loan Processing Charges

Between 2% to 8% of the approved loan amount

Interest on Overdue EMIs

2% per month on the overdue EMI/Principal loan amount

Cheque Bounce

Rs.500/- each time

Loan Cancellation

  • No additional charges levied

  • The interest amount for the period between loan disbursement and loan cancellation will be payable.

  • Processing fees will also be retained.

Ans: Money View employs a unique credit rating model that takes many factors into account. This is why even if your credit score is on the lower side you can still get a loan from us. However, your minimum CIBIL score must be 600 and minimum Experian score must be 650.

Ans: Once you have submitted an application, you can track your application status on our app or website by following the steps below -

A) If you’ve applied on our website

  • 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

B) If you’ve applied on the Money View app

  • Open the Money View app

  • Register yourself with a valid email ID if you haven’t done it yet

  • Head over to the ‘Loans’ section

  • You will then be automatically redirected to the ‘Application Status’ screen where you can check your application details

  • If you have the Money View Loans app, you’ll be directed to the ‘Application Status’ screen automatically as soon as you open it

Ans: At Money View, you can avail a loan amount between Rs. 5,000 to Rs. 5,00,000 based on your income and eligibility criteria.

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