Are Instant Cash Loans without Documents and Credit Checks Possible?
Are you desperately typing ‘mini cash loans no credit check’ or ‘online loan application no paperwork’? Many people wonder if they could apply for a loan without providing any documents or without having their credit history checked. Unfortunately, this is not possible.
- In India, none of the legitimate banks or lending institutions will provide a loan without requiring documents or conducting credit checks.
- However, the next best option in this regard is provided by Money View - through minimal documentation and a unique credit check process.
Read on to find out what they are.
Mini Cash Loans From MoneyView with Unique Features
While banks and other financial institutions insist on a credit score of 750 or above for approval of any loans, Money View allows loans for anyone with a CIBIL score of 650 or Experian Score of 750 subject to few conditions. This is thanks to Money View’s in-house unique credit verification model.
Additionally, while most lenders require you to travel to their offices, print and submit multiple documents, with Money View, the entire process is streamlined and simplified. The entire application process takes just a few minutes and requires just 3 documents.
Other Benefits of Money View Instant Cash Loans
Given below are some other unique features and benefits of Money View cash loans -
No Collateral or Guarantor
There is no need for a guarantor or collateral to get Money View personal loans
Flexibility of Loan Amount and Repayment Term
Depending on your eligibility you can choose any loan amount of upto Rs. 5 lakhs and repayment tenure of up to 60 months
The entire process from application to disbursal is paperless, online, and hassle-free
24 Hour Disbursement
Your loan will be credited within a day after your loan application has been approved
Documents Required for Money View Instant Cash Loans
Given below are our minimal documentary requirements -
|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
Eligibility Criteria for Money View Instant Cash Loans
Fulfill the eligibility criteria given below to avail Money View study loan -
- 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|
How to Apply for Money View Instant Cash Loans
Once you have fulfilled the eligibility criteria as well as the documents required, follow the steps below to apply for Money View loans -
Choose Your Loan Plan
Based on the options given, you will have to select the loan amount and repayment term of your choice
Easily upload all of the necessary documents online for verification
24 Hour 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
- 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 are looking to get a loan without credit checks and paperwork, it’s nearly impossible to find that in India. However, with Money View, you will be able to eliminate the long-wait extensive paperwork and avail a loan even with a low credit score. Embrace seamless technology in financial assistance only on Money View. Visit the Money View website or download the loan app and apply!