Features and Benefits of Collateral Free Loans


Flexible Loan Amount

You can choose any amount from Rs.5,000 to Rs.5,00,000 depending on your credit score


Instant Disbursement

Once your loan application gets approved, your loan amount is disbursed within 24 business hours.


No Security Needed

To apply for a personal loan through Money View, you don’t have to pledge any asset or arrange for a guarantor


Reasonable Rate of Interest

Personal loans applied through Money View are extended with interest rates starting at just 1.33% per month.


Minimal Documentation

We require just three documents - ID proof, Address proof, and income proof


Flexible Repayment Term

To repay the loan, you can choose a flexible period of 3 months up to 5 years.


Loans on Low Credit Score

The minimum score required is a CIBIL score of 600 or Experian score of 650.


Quick Eligibility Check

You can easily check your eligibility for a personal loan within 2 minutes on Money View website or download the app.

Are you looking for a personal loan without any collateral or a personal loan without security? You’ve come to the right place.

Can I Get Collateral Free Loans?

Yes, you can.

Personal loans are a great example of collateral free loans.You do not have to provide any type of security for the same. Personal loans are extremely popular due to their versatility and can be used for a multitude of purposes.

Certain loans such as home loans or auto loans require the borrower to provide an asset that has financial value as surety which in this case would be the house or vehicle in question.

Collateral may also be required in the following situations -

  • When the lender is not convinced of the repayment capacity of the applicant
  • When the applicant has a low credit score

What is the Eligibility Criteria for a Collateral Free Loan from Money View?

Eligibility criteria for collateral free personal loans from Money View is very simple -

  • 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 a Collateral Free Loan from Money View?


Check Eligibility

Visit the Money View website or download the loan app. Provide all necessary details and in 2 minutes we will let you know your eligibility


Select Loan Tenure

Choose your loan amount & repayment tenure


Upload Documents

Upload the required documents 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



Availing a personal loan without security is now extremely easy. Not only will you not have to provide collateral, you can also avail a personal loan at affordable rates with minimal documentation. All you need to do is visit the Money View website or download the loan app and apply today.

Frequently Asked Questions (FAQs)

To avail a personal loan without security from Money View, we require the following documents -

Identity Proof Address Proof Income Proof
PAN Card - This is the primary ID proof required. However, if it is rejected due to image quality issues or other reasons, any 1 of the officially valid documents given below will suffice)
  • Aadhaar Card
  • Valid Indian Passport
  • Valid Voter ID
  • Valid Driver’s License
Any 1 of the following -
  • Aadhaar Card
  • Valid Indian Passport
  • Valid Voter ID
  • Valid Driver’s License
  • Utility Bills (Electricity, Water, Gas) dated within the last 60 days
Salaried Applicants - Last 3 months’ bank statements of your salary account in PDF format showing salary credits
Self-Employed Applicants - Last 3 months’ bank statements in PDF format if you are self-employed

For a loan without collateral from Money View the following fees and charges will be applicable -

Fees & Charges Amount Chargeable
Interest Rate Starting from 1.33% per month
Loan Processing Charges Varies from 2% to 8% of the approved loan amount. The processing fee is deducted upfront from the approved loan
Interest on Overdue EMIs 2% per month on the overdue EMI/Principal loan amount
Cheque Bounce Rs.500/- each time
Loan Cancellation
  • No additional/hidden charges levied
  • Processing fees will also be retained

Money View non-collateral loans are extremely versatile. You can use them for the following purposes -

  • To fund a wedding
  • For home-repairs
  • To fund a business venture
  • Education purposes
  • For vacation
  • To pay off credit card bills or build credit score
  • To buy the latest gadget
  • For a loan down payment


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


An OTP will be sent for verification