Get Fast, Easy Cash During Times of Need
Are you looking for an instant loan in Mumbai? Then turning to a private lender is your best bet. Money View is a reputable name in the industry when it comes to disbursing an instant cash loan in 1 hour in Mumbai.
Money View offers personal loans of upto Rs. 5 lakh with flexible repayment options and minimal documentation. Read on to know our eligibility criteria, documentation requirements, and how you can get an instant cash loan in 1 hour in Mumbai.
Why Should You Opt for Instant Loan in Mumbai from Money View?
Private lenders such as Money View provide personal loans that come with a number of added benefits and features that are not provided by Banks or other NBFCs. Some of these are -
Instant Eligibility Check
Before applying for the loan, applicants can visit the Money View website or download the app to check their eligibility which will only take 2 minutes
24 Hour Disbursement
Your loan will be credited within a day after your loan application has been approved
Low Interest Rates
Our interest rates are affordable and start at just 1.33% per month
Flexible Loan Amount
Depending on your eligibility you can choose any loan amount of upto Rs. 5 lakhs
Flexible Repayment Term
Depending on your eligibility, choose repayment tenure of up to 60 months
Loans for Low Credit Score Applicants
The minimum CIBIL score of 600 or Experian score of 650 is necessary
Minimal Documentation
We require only three documents from you - ID proof, address proof, and income proof
100% Online
Money View offers an entirely digital loan application process with no paperwork involved at all
No Collateral or Guarantor
There is no need for a guarantor or collateral for Money View personal loans
How to Get an Instant Cash Loan in 1 Hour in Mumbai?
You can get an instant loan in Mumbai, also known as personal loans in four easy steps -
"
Check your eligibility
Visit the Money View website or loan app. Provide the required details and we will let you know your eligibility in 2 minutes.
Choose your loan plan
Based on the options provided, select the loan amount and repayment term of your choice
Upload required documents
Upload all of the necessary documents online for verification
Loan transfer to your bank account
Post verification and submission of loan agreement, the loan amount will be credited to your account within 24 hours
Note -
- After your documents are verified, you will receive a NACH form which needs to be printed, signed, scanned, and sent back to Money View
- This step will enable the auto-debit facility from your bank account and allow you to pay your EMIs on time automatically without the need for 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 Loan in Mumbai from Money View
If you meet the eligibility criteria given below, you can easily avail an instant cash loan in hour in Mumbai from us -
- 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
| 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 Loan in Mumbai from Money View
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 |
Fees and Charges for Instant Loan in Mumbai from Money View
Every loan applicant wants to avail a loan that is most affordable. Our fees and charges are -
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 1.33% per month |
| Loan Processing Charges | Varies from 2% to 8% of the approved loan amount. The processing fee is deducted upfront from the approved loan |
| Interest on Overdue EMIs | 2% per month on the overdue EMI/Principal loan amount |
| Cheque Bounce | Rs.500/- each time |
| Loan Cancellation |
|
In Conclusion
Getting an instant loan in Mumbai is not too difficult. Thanks to Money View, you can avail a personal loan within 24 hour of loan application approval. These loans are provided at affordable rates and flexible repayment terms. 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.
- A quick weekend getaway
- Cover relocation expenses
- Pay unforeseen medical bills
- Pay your child’s school fee
- Cover credit and utility bills
- Rental for your office space or home
- Buy gifts for your friends or family and much more
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 & 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 |
Once you’ve submitted your loan application, there are multiple ways how you can track its status depending on which platform you’ve applied from.
Here are the main steps you’ll need to follow:
1. If you’ve applied on our website- Go to the login section on our website, Click here: /apply-loan/login
- Login in to your loan account with your registered phone number
- Go to the “Dashboard” section of your loan account
- Scroll down to the “Application Status” tab to know the status of your loan application
- Open the Money View/Money View Loans app
- Register yourself with a valid email ID if you haven’t done it yet
- If you have the Money View app, head over to the “Loans” section
- Once you switch over, you’ll be automatically directed to the “Application Status” screen where you can check your application details
- If you have the Money View Loans app, you’ll be directed to the “Application Status” screen automatically as soon as you open it
Instant Cash Loan Articles
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Loan Based on Salary Articles
- Personal Loan Salary Less than 20,000
- Personal Loan Salary Less than 15,000
- Apply for 50,000 Personal Loan
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- Apply for 5000 Personal Loan
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- Apply for 20,000 Personal Loan
- Apply for 5000 Personal Loan
- Apply for 2 Lakh Personal Loan
- Low Salary Personal Loan