Top Features and Benefits of Instant Cash Loan in Bangalore

Flexible Loan Amount

Everyone’s requirements will vary therefore applicants can borrow any amount between Rs, 5,000 to Rs. 5 lakhs based on their eligibility.

Quick Eligibility Check

Imagine checking for your eligibility within just 2 minutes! This is possible if you are applying for a personal loan from Money View.

Collateral Free Loans

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

Affordable Interest Rates

We understand how important interest rates are as they determine the EMI amount to be paid. At Money View, the interest rate starts at just 1.33% per month

Completely Paperless

Right from application to loan disbursement, the entire process of availing a loan from Money View is completely paperless and digital.

Flexible Repayment Term

Applicants can enjoy flexible repayment tenures of up to 5 years or 60 months

Loans on Low Credit Score

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

24 Hour Disbursal

The loan amount is disbursed to your account in 24 HOURS of approval.

Enjoy the Benefits of Instant Disbursal and 100% Online Process

Are you looking for an instant cash loan in 1 hour in Bengaluru? While 1 hour may not be possible, you can get up to Rs.5,00,000 as an instant personal loan within 24 hours of loan approval. Read on to know more.

What is a Cash Loan?

A cash loan, as the name suggests, is generally a loan that is provided in cash. However, cash loans are not very easy to avail. These days, personal loans are also referred to as cash loans although they are not exactly the same and personal loans come with many more benefits and features while being easier to avail. 

Money View, one of the foremost providers of personal loans in the country, offers personal loans that can be availed from anywhere including Bengaluru.

Note -

If you meet the eligibility criteria given below, you can easily avail a cash loan or personal loan in Bengaluru from Money View -

  • 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

At Money View, we understand the importance of minimal documentation. We require only 3 key documents from you, as given below -

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 Bengalurun Passport

  • Valid Voter ID

  • Valid Driver’s License

Any 1 of the following - 

  • Aadhaar Card

  • Valid Bengalurun 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


OR


Self-Employed Applicants - Last 3 months’ bank statements in PDF format if you are self-employed

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

Loan Cancellation

  • No additional charges levied

  • The interest amount for the period between loan disbursement and loan cancellation will be payable.

  • Processing fees will also be retained.

Money View offers you the convenience of applying for an instant cash loan from the comfort of your home. Furthermore, you will enjoy the following benefits:

  • You can check your eligibility within just 2 minutes

  • The loan amount you can avail can be as low as Rs.5,000 and up to Rs.5,00,000.

  • People with a low credit score can also apply for a loan from Money View thanks to our unique in-house credit model.

  • You can get your loan amount within 24 hours of loan application approval

  • We believe in minimal documentation, hence we require only 3 documents from you

  • From loan application to approval, the process is 100% digital

  • You can enjoy flexible loan tenures and easy repayment options.

How to Apply for Instant Cash Loan in 1 Hour in Bangalore

Check Eligibility

Find out the maximum loan amount you’re eligible for online in 2 minutes

Select Loan Tenure

Choose a custom loan amount and the repayment period that suits your financial needs

Upload Documents

Provide your personal details and upload the necessary documents, all on the app or website

Amount Disbursed

Get the loan amount disbursed to your account in 2 hours of approval

Conclusion

While availing an instant cash loan in an hour may not be possible, Money View offers the next best thing - personal loans within 24 hours. These loans are provided at competitive rates and flexible repayment tenures. So what are you waiting for?  Visit the Money View website or download the app and apply today.

Instant Cash Loan in 1 Hour in Bangalore - Related FAQs

Ans: Yes, you can avail an instant personal loan from Money View without your salary slip. However, as proof of income, we will require the last three months’ of bank statements in PDF format containing details of your salary credit.

Ans: Currently we only provide loans to those individuals who receive their salary via bank transfer – directly from their employer. We will not be able to give loans to applicants who get their salaries in cash.

Ans: Yes, you can. At Money View, we use a unique in-house credit scoring model and therefore our credit score requirements are much lower than other lenders. As long as the applicant has a CIBIL score of 600 and above or Experian score of 650 and above, he/she is eligible to avail our personal loans.

Ans: No, applicants do not have to provide security, collateral, or guarantors as Money View personal loans are unsecured loans.

Ans: No, we do not allow part-prepayment. However, you can foreclose your loan after a certain number of EMIs have been paid as given below - 

Fees and Charges

Amount Chargeable

Foreclosure Charges

Nil but foreclosure can be done only after a minimum number of EMIs have been paid as illustrated below-

Tenure

Foreclosure

Up to 6 months

Not allowed

7 - 18 months

Allowed after 6 EMI payments

Over 18 months

Allowed after 12 EMI payments

 

Part- Prepayment Charges

Part-prepayment is not allowed

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