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.
You can get an instant cash loan, also known as personal loans in India from Money View in four Check your eligibility.
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.
If you meet the eligibility criteria given below, you can easily avail a cash loan by phone in India from Money View -
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
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|
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:
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.
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|
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|
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.