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 of 600 or minimum 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 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

How to Apply for Money View Personal Loan with Low Salary

Once you have found out if you’re eligible, you can follow the steps given below to avail a personal loan with low salary -

Check your eligibility

Visit the Money View website or download the app. Provide the required details and find out your eligibility in 2 minutes

Select your loan plan

Choose the loan amount and repayment term of your choice depending on your eligibility

Provide necessary documents

Upload the required documents online easily and effortlessly

Avail loan instantly

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

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 -

  1. 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
  2. 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

Why Choose Money View Personal Loans for Low Salary

There are a number of lenders in the market today but none that offer unique features and benefits as Money View does. Given below are some of the advantages offered by Money View to all its customers -

Affordable Loans

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

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

Quick Eligibility

You can instantly check your eligibility and apply for a personal loan in just 2 minutes through the Money View website , app.

Guarantor/Collateral-free

You don’t have to arrange for any guarantor or pledge any asset while applying for personal loans from Money View

Flexible Loan Amount

You can opt for a loan amount between Rs.5,000 and Rs.5,00,000 depending on your income and credit score.

Flexible Repayment Terms

You can choose a repayment term of upto 5 years

100% Online

Because there’s no paperwork involved in the Money View loan application process, it’s hassle-free and quick

In 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 of 600 and above or Experian score of 650 and above, he/she is eligible to avail our personal loans.

Given below are the applicable fees and charges -

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.