Personal Loan for Salaried, Instant Loan for Salaried Employee

Top Features and Benefits of Personal Loan

Flexible Loan Amount

Choose any loan amount starting 5,000 up to Rs. 5 lakhs

Quick Eligibility Check

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

Collateral Free Loans

To apply for a personal loan through Money View, you don’t have to pledge any asset or arrange for a guarantor

Affordable Interest Rates

We understand how important interest rates are as they determine the EMI amount to be paid. At Money View, the interest rate starts at just 1.33% per month

Completely Paperless

The entire process from application to disbursal is paperless, online, and hassle-free

Flexible Repayment Term

Borrowers can choose repayment tenure starting 3 months up to 60 months

Loans on Low Credit Score

Thanks to Money View’s unique credit rating model, even if you have a relatively low credit score, you can get a loan*

Disbursal in Minutes

Your loan will be credited within a day after your loan application has been approved

Personal Loan Eligibility Criteria for Salaried Employees

The eligibility criteria for salaried employees are given below -

Applicants must be between 21 years and 57 years.

Income must be credited directly to the applicant’s bank account.

The minimum in-hand income and credit score requirement is as follows-

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

Documents Required for Salaried Employees

In order to avail of a personal loan from Money View, you will need to submit the following documents -

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	Last 3 months’ bank statements of your salary account in PDF format showing salary credits.

Personal Loan Interest Rate and Other Charges for Salaried Employees

Money View provides instant loans for salaried employees at competitive rates. Take a look at the table below to know more -

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
Loan Cancellation	No additional charges were levied. The interest amount for the period between loan disbursement and loan cancellation will be payable. Processing fees will also be retained.

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

Loan Cancellation

No additional charges were levied.
The interest amount for the period between loan disbursement and loan cancellation will be payable.
Processing fees will also be retained.

Money View charges a one-time processing fee on your loan plan. We deduct this processing fee directly from the loan amount during fund transfer.

Note -

After your documents are verified, you will receive a NACH form. You’ll need to print this form, sign, scan the document, and send it back to Money View to enable the auto-debit facility from your bank account.
This will 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. If you agree to the terms and conditions, you can submit the application.

How to Apply for An Instant Personal Loan

Check Eligibility

Provide the required details and find out if you’re eligible for a loan in just 2 minutes.

Select Loan Tenure

Choose the loan amount and repayment term of your choice based on the options provided.

Upload Documents

You’ll have to upload all the relevant documents after which they will be verified

Amount Disbursed

Post verification and submission of loan agreement, the loan amount will be credited to your account within minutes.

Personal Loan for Salaried Related FAQs

1. Who are Salaried Individuals?

You are considered to be a salaried employee if you earn a fixed pay with/without incentives and are enrolled under a payroll of a registered company. Your salary is generally credited to your bank account directly.

2. Can I get a personal loan even if my credit score is low?

Yes, you can avail a personal loan from us even if you have a low credit score thanks to our in-house credit rating model. However, you will need to have a CIBIL score of over 600 or Experian score of over 650.

3. Can self-employed borrowers avail personal loans from Money View?

Yes, self-employed borrowers can avail a personal loan from Money View as long as they fulfill the eligibility criteria given below -

Applicants must have a minimum In-hand income of Rs. 15,000 per month.
Income must be directly credited to the applicants’ bank account.
A minimum CIBIL score of 600 or more or Experian score 650 or more.
Applicants must be between the ages of 21 years and 57 years.

4. What can I use my Money View personal loan for?

Our personal loans are extremely versatile. You can use for a number of purposes such as -

To fund a wedding
For Home-repairs
Medical expenses
For vacation
For a loan down payment
Education purposes
To buy the latest gadget
To fund a business venture
To pay off credit card bills or build credit score

5. Will I Get A Loan If I Get My Salary In Cash?

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.

6. What Are The Repayment Tenure Options?

Money View allows you to take control of your repayment schedule, so you can choose any tenure of up to 60 months based on your eligibility and loan amount availed.

Personal Loan for Salaried Employees

Get an Personal Loan of up to Rs.5 lakhs | Disbursal in minutes

Top Features and Benefits of Personal Loan

Personal Loan Eligibility Criteria for Salaried Employees

Documents Required for Salaried Employees

Personal Loan Interest Rate and Other Charges for Salaried Employees

Note -

How to Apply for An Instant Personal Loan

Loan EMI Calculators

Calculate Your EMI

Conclusion

Personal Loan for Salaried Related FAQs

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