Top Features and Benefits of Personal Loan
Flexible Loan Amount
You can opt for a loan amount between Rs.5,000 and Rs.10 Lakhs depending on your income and credit score.
Instant Loan Disbursal
Our most popular benefit- once your loan application is approved, the loan amount will be credited to your account within 24 hours
Guarantor/Collateral-free
You don’t have to arrange for any guarantor or pledge any asset while applying for personal loans from Money View
Affordable Interest Rates
Not only do the interest rates start at an attractive 1.33% per month, loans are also provided for those who have a relatively lower salary
Is your salary low but need an urgent loan? You can avail hassle-free personal loans from Money View for salaries starting from just Rs. 13,500 per month.*
Eligibility Criteria for our Personal Loans for Low Salary
Even with a low salary, if you meet the eligibility criteria given below, you can easily avail a loan from Money View -
- Applicants must be between 21 years and 57 years
- Applicants must receive an income of Rs. 13,500 or more
- Income must be credited directly to the applicants’ bank account
- Credit score must be a minimum CIBIL score and 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 /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 /Experian Score of 650 and above | |
| Rs 15,000 | Metro City other than Mumbai and NCR | CIBIL Score /Experian Score of 650 and above | |
| Self-Employed Individuals | Rs. 15,000 | Any | CIBIL Score /Experian Score of 650 and above |
Note -
- Once your documents are verified, you will receive a NACH form which needs to be printed, signed, scanned, and sent back to us
- This step will enable the auto-debit facility from your bank account and allow you to pay your EMIs on time automatically without any manual intervention.
- On receiving your NACH form, you will need to review the loan agreement on the app. Please submit the application after reviewing all the terms and conditions thoroughly
How to Track Money View Personal Loan Application Status
Once you have submitted an application, you can track your application status on our app or website by following the steps below -
- 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 mobile number
- Go to the ‘Dashboard’ section of your loan account
- Scroll down to the ‘Application Status’ tab to know the status of your loan application
- If you’ve applied on the Money View app
- Open the Money View app
- Register yourself with a valid mobile number 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
How to Apply for Money View Personal Loan with Low Salary
Check Eligibility
Visit the Money View website or download the app. Provide the required details and find out your eligibility in 2 minutes
Select Loan Tenure
Choose the loan amount and repayment term of your choice depending on your eligibility
Upload Documents
Upload the required documents online easily and effortlessly
Amount Disbursed
After your documents are verified and loan agreement is submitted, the loan amount will be credited to your bank account within 24 hours
Conclusion
If you are worried that your low salary will prevent you from availing a personal loan, you do not have to worry anymore. You can avail Money View personal loans as long as your salary is above Rs.13,500 per month. Visit the Money View website or download the app and apply today.
Low Salary Personal Loan - Related FAQs
Currently we only provide loans to those individuals who receive their salary via bank transfer – directly from their employer. We will not be able to give loans to applicants who get their salaries in cash.
Yes, you can. You do not need to provide security or collateral to avail Money View personal loans.
At Money View, we use a unique credit scoring model and therefore our credit score requirements are much lower than other lenders. As long as the applicant has a CIBIL score and Experian score of 650 and above, he/she is eligible to avail our personal loans.
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