Payday Loan

Payday Loans

Months feel shorter when your expenses exceed, and the wait for your payday looks like a long one then. “Making ends meet” is possibly the adage that originated with the basic urge to make the end of one month meet the start of another one, without financial obstacles.

Striving to go on from one payday to another is all what adulthood is about. And more often, you find yourself being at quite a fix, because finding that exact balance between your income and your expenses is not easy. There are months that come with emergency expenses which may ruin your monthly structure, and there is nothing you can do about it.

That is when people go for a payday loans.

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What is a Payday Loan?

Essentially, a payday loan is a type of short-term borrowing where the lenders offer the borrower a high interest credit on the basis of their income and their credit profiles. In short, one could consider it to be a mini-payday before the actual payday.

The principal amount of the payday loan is basically a chunk of the borrower’s next pay check. But the downside to these loans is the high interest rates they come with a very high interest rate.

Payday loans have quite a bad name as they are also termed as predatory loans. This is solely because of the high interest rates and added provisions to these loans that come with additional charges.

And in spite of that bad a reputation, when shortage of funds knocks on your door and getting a loan seems like a long and endlessly futile option, you would find yourself typing “payday loans near me” in the search bar of your device.

But just like every loan out there, are you eligible to get a payday loan? If you did not know of what would qualify you to get a payday loan, here’s what would:

Eligibility Criteria for Payday Loans:

  • The borrower must have an active checking account
  • The borrower has to procure, when asked, a valid proof of income
  • Borrower must have valid identification
  • The Minimum age requirement for a borrower is 18 years.

The approval of a payday loan is quick, as you would get it within a single day. However, the interest rates rain on the benefits that comes with this kind of a loan. And though it may be a quick fix to your predicament; in the long-run, it harms more than you would have estimated it to.

What Can be Done When Funds Run Out Mid-Month?

Get with it, with Moneyview. This is where your mid-month money woes come to a permanent end. With Moneyview by your side, running out of funds is never a problem. Quick and convenient loans at your disposal, you would no longer have to burden yourself with loans that heavy interest just for having adequate funds that sail you to the end of the month comfortably.

What You Get with Moneyview?

Getting a loan with Moneyview comes with something a lot of public or private financiers may not offer – comfort. The features that we provide make it comfortable for you to get and even repay your loans. Some of our key features are as follows:

  • Speedy loans: would no longer have to fret to make ends meet. With Moneyview, you get a loan within a span of hours, helping you cruise through. You can choose a loan amount from anywhere between Rs 10,000 to Rs 5 lacs. This means you need not abide by stringent loan policies that force you to go for a specific amount, which may not even be needed.
  • Flexibility: Moneyview offers you maximum flexibility with your loans; after all, it is your loan. So you need to be in command of it. With us, you get loan repayment tenure from 3-12 months. This way, you can design your EMIs to meet your monthly finances, without it being too heavy on you.
  • Paperless procedures:Getting a loan is now entirely paperless. In the digital era, let not heaps of paper get you sweating. Download the Moneyview app to apply for the loan, and you will need to upload your documents online. Once your documents are verified at our end, you get your loan almost immediately.

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Your monthly EMI is

10,201

per month for 5 months

Total Interest

1,004

Total Amount

51,004

Loan Amount

Min ₹10

Max ₹25,000

Rate of Interest

%

Min 5%

Max 25%

Loan Tenure

Min 3 months

Max 72 months

How to Apply for An Instant Loan in Minutes?

  • 1

    Assess Your Eligibility

    Quickly check if you are eligible on the Moneyview platform in only 2 minutes!

  • 2

    Pick Your Repayment Duration

    Select the desired loan sum and repayment period from the options provided.

  • 3

    Share Your Documents Online

    Share only essential documents for profile verification, easily uploading them digitally.

  • 4

    Funds Disbursed

    Once your application is validated and the loan agreement finalized, funds will be transferred to your bank within 24 hours!

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Conclusion

Opting for a payday loan may not be the wisest option, unless you get one from Moneyview. Minus all the hassle and the pressures it would get you later, getting a loan from Moneyview enables you to make ends meet and breathe, too.

Payday Loans - Related FAQs

A payday loan is a high-interest, short-term loan that must be repaid when the borrower receives his/her salary next. Since the loan is only for a short period of time, lenders usually charge high-interest rates. Payday loans carry a high risk as not repaying will lead to heavy debt.
Payday loans get their name from the practice of borrowers repaying the loan and the interest upon receiving their next paycheck. 
With a payday loan, a lender will issue a high-interest loan based on your salary for a short period of time. The principal amount is usually a portion of the borrower’s monthly income. Payday loans have high-interest rates since they are used for short-term, urgent credit.
Several lenders, offline and online, offer payday loans in India. It is legal and the demand for payday loans is soaring in current economic conditions. 
Payday loans benefit borrowers looking for instant credit with minimal paperwork. 
Abhishek's profile picture

Abhishek

2025-08-10

This is an excellent app!! The interface is smooth, elegant, and intentional, praised for its superb design and fast performance. I really liked it, especially the solid, user-friendly layout and fast transitions. 

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Kaveri

2025-08-25

I am a regular customer of Moneyview, and it gives me full satisfaction! I get money as and when required without any paperwork. If you make payments on time, your next loan amount will be higher.

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Dheeraj

2025-09-05

It is an awesome app. It is secure, trustworthy, and comprehensive. It is also often updated with new features.

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Abhishek's profile picture

Abhishek

2025-08-10

This is an excellent app!! The interface is smooth, elegant, and intentional, praised for its superb design and fast performance. I really liked it, especially the solid, user-friendly layout and fast transitions. 

profile picture

Kaveri

2025-08-25

I am a regular customer of Moneyview, and it gives me full satisfaction! I get money as and when required without any paperwork. If you make payments on time, your next loan amount will be higher.

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The starting interest rate depends on factors such as credit history, financial obligations, specific lender's criteria and Terms and conditions. Moneyview is a digital lending platform; all loans are evaluated and disbursed by our lending partners, who are registered as Non-Banking Financial Companies or Banks with the Reserve Bank of India.

This article is for informational purposes only and does not constitute financial or legal advice. Always consult with your financial advisor for specific guidance.

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