Why Choose Moneyview Short Term Personal Loans?
Flexibility of Loan Amount
You can choose a loan amount from Rs.5,000 to Rs.10 Lakh depending on your eligibility and requirements
24 Hour Disbursement
Once your loan application is approved and you have submitted the loan agreement, the funds will be credited to your bank account within 24 hours
No Collateral or Guarantor
There is no need to arrange for a guarantor or pledge collateral to get Moneyview personal loans
Affordable Interest Rates
At Moneyview, the interest rates start at just 1.33% per month
Short term loans can be taken to serve immediate needs like funding a vacation or buying a new gadget. Such loans can range anywhere from 3 months to 5 years and if you plan them properly, they won’t be a huge burden for you.
You can opt for short term personal loans from Moneyview to avoid the slow and complex processes of traditional financers like banks. With Moneyview, you get the loan amount deposited to your bank account within a few minutes to hours.
Eligibility Criteria for Short Term Personal Loans
The eligibility criteria for instant short term loans vary depending on the lender you choose. If you want to apply for a short term personal loan from Moneyview, here are the eligibility criteria -
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Your age should be between 21 and 57
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If you are salaried, your minimum monthly in-hand income should be Rs.13,500
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If you are self-employed, your minimum monthly in-hand income should be Rs.15,000
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Your monthly income should be directly credited to your bank account
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You should have a minimum CIBIL or Experian score of 650
Documents Required for Short Term Personal Loans
Just like the eligibility criteria, the documentation requirement of short term loans will depend on the terms and conditions of the lender. But at Moneyview, the documentation required is minimal. All you will have to do is -
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Confirm or enter your PAN number
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Ensure that your mobile number is linked to your Aadhaar card for KYC verification
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Provide a clear selfie taken in a well-lit area
Please note that the documentation requirements will vary based on your profile. You may be required to upload proof of address, bank statement, and other supporting documents.
In case you are required to upload proof of address, any one of the following documents will suffice -
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Aadhaar Card
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Valid Indian Passport
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Valid Voter ID
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Valid Driver’s License
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Utility Bills (Electricity, Water, Gas) dated within the last 60 days
In case you are required to upload proof of income, you must furnish your bank statement for the last three months. This statement must also show your salary credits.
How to Apply for Moneyview Short Term Loans
Check Eligibility
Visit the Moneyview website or loan app and provide the required details. You will find out if you are eligible for a loan in just 2 minutes.
Select Loan Tenure
Depending on your eligibility you will be provided some options. Choose the loan amount and the short term loan period depending on your requirements.
Upload Documents
Easily upload all of the necessary documents online for verification. You can do this in a hassle-free way digitally.
Amount Disbursed
After your loan is approved and you have submitted the loan agreement, the loan amount will be credited to your bank account within 24 hours in most cases.
Conclusion
In summary, Moneyview is your best option when it comes to short-term loans in India. At Moneyview, the short term loan period can range from 3 months to 5 years. Our loan process is designed such that you can get the intended loan amount within the shortest possible time.
Even though it is not possible for you to get a short term loan without CIBIL, you can get loans from Moneyview with even low credit scores. You just need a CIBIL or Experian score of 650 to get an instant short term loan from Moneyview.
All you need to do is visit the Moneyview website or download the loan app and apply today.
Short Term Loans - Related FAQs
A short term loan is a loan taken for a fixed short period of time. The time period can range from 3 months to 5 years. Instant short term loans are designed to cover cash flow gaps and provide funding during emergencies. These loans can be used for business or personal use.
The repayment schedules for Moneyview loans are customized based on your eligibility and loan requirements and can range from 3 months to 5 years.
Yes, you can avail of an instant short term loan from Moneyview if you are self-employed. You just need to fulfill the following criteria -
- Your minimum monthly in-hand income must be Rs.15,000
- Your age must be between 21 and 57
- You must have a minimum CIBIL or Experian score of 650
- Your income must be directly credited to a bank account
You can use Moneyview 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: SSince these loans have a shorter repayment period, they have the highest rate of interest as compared to other loans. 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.