Collateral Free Loans

Are you looking for collateral free loans for MSME or a general business loan without collateral? Then you have come to the right place.

Collateral Free Loans from moneyview for MSME

You can use personal loans from moneyview as collateral free business loans. They are unsecured and thus don’t require you to pledge collateral. 

You can get loans up to Rs.10 Lakh and can use it to fund your business. So if you are looking for a business loan without collateral then you can definitely count on moneyview. Continue reading to know more about it in detail. 

Eligibility Criteria for Collateral Free Business Loan from moneyview

You have to fulfill the following criteria to avail of a loan for business without security -

• Should be between 21 and 57 years old

• Should have a monthly in-hand income of Rs.13,500 or more if you are salaried

• Should have a monthly in-hand income of Rs.15,000 or more if you are self-employed

• Income must be credited directly to the applicants’ bank account

• Should have a minimum CIBIL or Experian score of 650

Documentation for Business Loan Without Collateral from moneyview 

The documentation required for procuring collateral free loans for MSME from moneyview is very simple. All you will have to do is - 

• Confirm or enter your PAN number 

• Ensure that your mobile number is linked to your Aadhaar card for KYC verification

• 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 - 

• Aadhaar Card

• Valid Indian Passport

• Valid Voter ID

• Valid Driver’s License

• 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.

Fees and Charges of Collateral Free Business Loans from moneyview 

Given below are the fees and charges for business loans from Money View -

Conclusion