Why Choose Money View Short Term Personal Loans?

topfeature_icon

Flexibility of Loan Amount

Choose a loan amount of upto Rs. 5 lakhs

topfeature_icon

24 Hour Disbursement

Once your loan application is approved, your loan amount will be sent to you within just 24 hours

topfeature_icon

No Collateral or Guarantor

There is no need for a guarantor or collateral to get Money View personal loans making it easier to get a personal loan quickly

topfeature_icon

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

topfeature_icon

Minimal Documentation

We require just 3 documents - ID proof, address proof, and income proof 

topfeature_icon

100% Online

Enjoy a complete online process, right from application to loan disbursal

topfeature_icon

Loans on Low Credit Score

Even if your credit score is low, thanks to Money View’s unique credit rating model, you can still avail a short term loan

topfeature_icon

Instant Eligibility Check

Check your eligibility from the Money View website or loan apps within just 2 minutes

Because short term loans are needed to serve immediate needs, you can opt for financing platforms, like Money View, to avoid the slow and complex processes of traditional financers like the banks. 

Money View assures a swift and simple process, where you get the loan amount deposited to your bank account within a few minutes to hours.

Eligibility Criteria for Short Term Loans

The eligibility criteria to get a short-term loan depends on individual lenders. However, there are a few common requirements. These include -

How to Apply for Money View Short Term Loans

icon

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.

icon

Select Loan Tenure

Depending on your eligibility, you will have to select the loan amount and repayment term of your choice

icon

Upload Documents

Easily upload all of the necessary documents online for verification completely digital and hassle-free

icon

Amount Disbursed

After all your documents are verified and your application is approved, the loan amount will be sent to your account within 24 hours

mobile_img

Conclusion

In summary, Money View is your best option when it comes to short-term loans in India. Our loan process is designed such that the borrower gets the intended loan amount within the shortest possible time. 

Money View aptly understands the stakes involved when it comes to cash flow gaps and has

designed products, like the short-term loan, to be of assistance at the time of need.

All you need to do is visit the Money View website or download the loan app and apply today.

Short Term Loans - Related FAQs

A short term loan is a certain amount borrowed for a short fixed period. In this case, the principal and interest are to be paid back by the borrower within a year or any other duration as outlined in the terms and conditions of the lending institution. Instant short term loans are designed to cover cash flow gaps and provide funding during emergencies. These loans particularly help businesses to carry out their dealing without having to compromise for want of working capital.

Our repayment schedules are customized based on your eligibility and loan requirements and can range from 6 months to 5 years.

Yes, you can avail a short term loan from Money View even if you are self-employed if you fulfill the eligibility criteria given below -

  • You must have a minimum income of Rs. 15,000 per month

  • You must be between the ages of 21 and 57 years

  • You must have a CIBIL score of 600 and above or an Experian score of 650 and above

  • Your income must be directly credited to a bank account

Money View personal loans are provided at competitive rates as given below -

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

  • Processing fees will also be retained.

You can use Money View short term personal loans for a number of purposes such as -

  • To fund a wedding

  • For home-repairs

  • To fund a business venture

  • Medical expenses

  • Education purposes

  • For vacation

  • To pay off credit card bills or build credit score

  • To buy the latest gadget

  • For a loan down payment

Since short-term loans are taken for a shorter duration, its main disadvantages are:

  • Rate of Interest: Since these loans have a shorter repayment period, they have the highest rate of interest as compared to other loans like home loan, personal loan, etc. The rate of interest varies between different money lenders, who take into account different factors before arriving at the rate of interest.

  • Proven Track Record: Individuals who opt for short-term loans should necessarily have a good financial history to get pre approval. Otherwise, getting approved for the desired amount can be a herculean task.

INTERLINKS

Was this information useful?

300 characters allowed (alphanumeric and special characters such as comma, full stop, @, ", &)

Thank you. Your feedback is important to us.

Apply for personal loan

+91

An OTP will be sent for verification