Instant Cash Loan in 1 Hour in Bangalore

Whenever there is an urgent need for some quick cash which you find difficult to arrange, an instant cash loan is one of the better options to go for. Because these loans are disbursed quickly, they are a great help in times of need. If you live in Bangalore and need an instant cash loan, you would be delighted to know that you can apply for one and get it approved within a surprisingly short duration of 1 hour.

Top Reasons to Apply for Instant Cash Loans In Bangalore

Here are some of the most common reasons to apply for an instant cash loan in Bangalore:

Cash for relocation within the city
Money for child’s education
Instant loans for a weekend trip
Any unfortunate medical emergency
Own marriage or marriage of a family member
Requirement of urgent cash for current business
Capital for establishing a new business
A sudden need to buy something expensive

Features & Benefits of Money View Instant Cash Loan

Quick Loan Eligibility Check:
Check your loan eligibility on the Money View website in just 2 minutes, saving your precious time.
Digital Process:
Money View’s seamless digital loan process involves zero paperwork for borrowers. Thus, the applicants experience a fast and highly convenient application process.
Flexible Amount and Repayment Term:
Based on your credit score, your loan amount can be anywhere from Rs.10,000 to Rs.5,00,000. Also, for repayment of the loan, you get a long tenure of up to 5 years.
Quick Loan Disbursement:
Once the loan application is approved, the amount gets credited into your bank account within 2 hours of the approval.
Easy Repayment:
You repay the loan in easy EMIs using the auto-debit facility. The auto-debit facility also implies that you don’t need to worry about missing the monthly installment payment on the due date.
No Security/Collateral:
Money View doesn’t ask you to arrange for any guarantor or pledge any asset to apply for instant loans. Just meeting the eligibility criteria specified by Money View is enough for you to get the loan.
Low Rate of Interest:
Personal loans through Money View are offered with interest rates starting as low as 1.33% per month.
Apply from Any Location in India:
Digital application of MoneyView enables you to apply for loans from any location in India with great ease. Looking for Instant Cash Loan in 1 Hour in Bangalore? Check our Eligibility Criteria:

Features & Benefits of Money View Instant Cash Loan

Loan Criteria	Self-Employed Individual
Applicant’s minimum in-hand income (monthly)	Rs.25,000
Age of the applicant	21 years - 57 years
Applicant’s Credit Score	CIBIL Score: At least 650 Experian Score: At least 750

** The monthly income of the applicant should be credited into your bank account.

Money View loan eligibility criteria for salaried individuals

Loan Criteria	Salaried Individuals
Minimum monthly income (in-hand)	Rs.20,000 - If the applicant is new to credit Rs.15,000 - If the applicant’s credit score is over 675 Rs.13,500 for all others
Age of the applicant/td>	21 years - 57 years
Applicant’s Credit Score	CIBIL Score: At least 650 Experian Score: At least 750

** The monthly income of the applicant should be credited into a bank account.

Interest Rates & Other Charges for Money View Instant Loans in Bangalore

Type of Charges	Amount
Interest Rate	Starts at 1.33% (per month)
Loan Processing Fees	Ranges between 2.5% to 6% of the approved amount
Interest on Overdue EMIs	2% (per month) on the overdue amount
Loan Foreclosure Fees	NIL However, the borrower must pay at least 3 EMIs before they can pay off the entire loan amount. No Part-payment of the loan is allowed by Money View
Penalty for EMI Cheque Bounce	Rs.500/bounce

Interest Rates & Other Charges for Money View Instant Loans in Bangalore

Proof Category	Documents
ID Proof (Any one of the following documents)	Aadhaar Card PAN Card Valid Indian Passport Valid Driver's License Voter ID Card
Address Proof (Any one of the following documents)	Bank Passbook/ Statement – that’s generated in the last 60 days Aadhaar Card Valid Driver's License Utility Bill – (Electricity Bill/ Gas Bill/ Telephone Bill/ Water Bill) – Should be generated within the last 60 days Valid Indian Passport Ration Card Voter ID Card
Income Proof (if the applicant is self-employed)	Last 2 years’ ITR or last 3 months’ bank statement (in PDF format)
Income Proof (if the applicant is salaried)	Last 3 months’ bank statement (in PDF format)
Penalty for EMI Cheque Bounce	Rs.500/bounce

Steps to Apply for Instant Cash Loans in Bangalore through Money View

Know Your Eligibility:
Entering your basic details (as listed) on the Money View website will tell you the maximum loan amount that you are eligible for.
Loan Repayment Term:
On the Money View app/website, choose the loan amount that you want to apply for as well as the repayment tenure as per your convenience.
Submit the Documents:
Use the Money View mobile app to upload all the necessary documents and fill out the loan form that is shared with you.
EMI Auto-debit Mandate:
After your application and documents are verified by Money View, you would receive a NACH form that seeks your consent for auto-debit of your loan EMIs. You would have to take a print out of it and sign on it before uploading its scanned copy using the Money View app.
Loan Agreement:
Finally, you get a loan agreement form to review and submit on the Money View app. The approved loan amount shall be credited into your bank account within a few hours of the agreement submission.