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 -

Instant Eligibility Check

Complete your eligibility check from the Money View website or app within just 2 minutes

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

100% Paperless

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
  • 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

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 -

Check your eligibility

Visit the Money View website or download the app. Provide the required details and find out your eligibility in 2 minutes

Choose Your Loan Plan

Based on the options given, you will have to select the loan amount and repayment term of your choice

Provide Documents

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

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

In Conclusion

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!

Mini Cash Loans No Credit Check - Related FAQs

No, most loan providers will not provide loans, online or offline, without paperwork. However, you can apply online for personal loans from lenders such as Money View with minimal documentation.

The fees and charges are as follows -

Type of Charge Amount
Interest Rate Starts at 1.33% per month
Loan Processing Fee Starting from 2% up to 8% of the approved loan amount
Interest on Overdue EMIs 2% per month on the overdue amount
Foreclosure/Part-prepayment
  • No part-prepayment of the loan is allowed.
  • Foreclosure available after a certain number of EMIs have been paid
EMI Cheque Bounce Charges Rs.500/- per bounce

Once you have submitted an application, you can track your application status on our app or website by following the steps below -

  1. If you’ve applied on our website
    • Go to the login section on the website by clicking here: /apply-loan/signup
    • Login into your loan account with your registered email ID
    • Go to the ‘Dashboard’ section of your loan account
    • Scroll down to the ‘Application Status’ tab to know the status of your loan application
  2. If you’ve applied on the Money View app
    • Open the Money View app
    • Register yourself with a valid email ID if you haven’t done it yet
    • Head over to the ‘Loans’ section
    • You will then be automatically redirected 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