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.
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.
You can get an instant cash loan, also known as personal loans in Bengaluru from Money View in four easy steps -
Check your eligibility
Visit the Money View website or download the app . Provide all the details required and we will let you know your eligibility in just 2 minutes
Select your loan plan
Depending on your eligibility, you will have to select the loan amount and repayment term of your choice
Provide required documents
Easily upload all of the necessary documents online for verification - 100% paperless and hassle-free
Instant Loan Disbursal
After your documents are verified and loan agreement is submitted, the loan amount will be credited to your bank account within 24 hours
Note -
Once your documents are verified, you will receive a NACH form which needs to be printed, signed, scanned, and sent back to us
This step will enable the auto-debit facility from your bank account and allow you to pay your EMIs on time automatically without any manual intervention.
On receiving your NACH form, you will need to review the loan agreement on the app. Please submit the application after reviewing all the terms and conditions thoroughly
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
|
Any 1 of the following -
|
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 |
|
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.
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.
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.
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.
No, applicants do not have to provide security, collateral, or guarantors as Money View personal loans are unsecured loans.
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-
| ||||||||
Part- Prepayment Charges | Part-prepayment is not allowed |
