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.
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 Money View website or download the loan app and apply today.
