Do you have a low CIBIL score but still require a loan urgently? Money View provides personal loans for low CIBIL score applicants.
While most lenders require borrowers to have a CIBIL score of over 750, at Money View, we use an in-house credit rating model that uses multiple data points in addition to regular bureau scores to decide our applicants’ creditworthiness.
You can avail an instant personal loan from Money View as long as your CIBIL score is 600 or above.
Check your eligibility
Give us the required details and we will let you know your eligibility in 2 minutes
Choose your loan plan
Based on the options provided, select the loan amount and repayment term of your choice
Upload required documents
Upload all of the necessary documents online for verification
Loan transfer to your bank account
Post verification and submission of loan agreement, the loan amount will be credited to your account within 24 hours
If you are looking for a ‘low CIBIL loan’ or ‘personal loan for low CIBIL score’, you can avail one from Money View as long as you meet the eligibility criteria given below -
|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|
It’s difficult to obtain a personal loan when you have a low CIBIL score. Even though Money View provides loans to those who have a lower credit score, it is important to improve it.
Here are certain things you can do in order to increase your CIBIL score.
Once you’ve understood and implemented the points mentioned above, you can confidently apply for a loan again. A lesser-known fact is that with a higher CIBIL score you may always approach your lender to reduce the interest rates. Yes, that’s a possibility! Ensure that your EMI payments are made on time and reap the benefits of a higher CIBIL score.
Getting a loan for low CIBIL score applicants is no longer a distant dream. You can now avail personal loans from Money View at competitive rates, minimal documentation, and other advantages as long as you have a CIBIL score of over 600. Visit the Money View website or download the app and apply now!
Given below are our minimal documentary requirements -
|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
Any 1 of the following -
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
Money View personal loans are provided at competitive rates as given below -
Every loan applicant wants to avail a loan that is most affordable. Money View’s personal loans come with competitive interest rates and have no hidden charges whatsoever. Our fees and charges are -
|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|
Currently we only provide loans to those individuals who get their salary directly credited to their bank account from their employer. We will not be able to give loans to applicants who get their salaries in cash.
Our personal loans are extremely versatile. You can use for a number of purposes such as -
Yes, self-employed applicants can get a personal loan from Money View if they meet the following eligibility criteria -