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.
Here are some of the most common reasons to apply for an instant cash loan in Bangalore:
Check your loan eligibility on the Money View website in just 2 minutes, saving your precious time.
Money View’s seamless digital loan process involves zero paperwork for borrowers. Thus, the applicants experience a fast and highly convenient application process.
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.
Once the loan application is approved, the amount gets credited into your bank account within 2 hours of the approval.
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.
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.
Personal loans through Money View are offered with interest rates starting as low as 1.33% per month.
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:
| 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 |
|
** The monthly income of the applicant should be credited into your bank account.
| Loan Criteria | Salaried Individuals |
|---|---|
| Minimum monthly income (in-hand) |
|
| Age of the applicant/td> | 21 years - 57 years |
| Applicant’s Credit Score |
|
** The monthly income of the applicant should be credited into a bank account.
| 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 |
|
| Penalty for EMI Cheque Bounce | Rs.500/bounce |
| Proof Category | Documents |
|---|---|
| ID Proof (Any one of the following documents) |
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| Address Proof (Any one of the following documents) |
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| 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 |
Entering your basic details (as listed) on the Money View website will tell you the maximum loan amount that you are eligible for.
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.
Use the Money View mobile app to upload all the necessary documents and fill out the loan form that is shared with you.
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.
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.
