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

How to Get Instant Cash Loan in 1 Hour from Money View?

You can get an instant cash loan, also known as personal loans in India from Money View in four 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.

Eligibility Criteria for Instant Cash Loans

If you meet the eligibility criteria given below, you can easily avail a cash loan by phone in India 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

Documents Required for Instant Cash Loan

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 Indian Passport
  • Valid Voter ID
  • Valid Driver’s License
Any 1 of the following -
  • Aadhaar Card
  • Valid Indian 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

Fees and Charges for Instant Cash Loans

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

Why Apply for Instant Cash Loans Through Money View?

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.

In 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 - Related FAQs

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.

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

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.