A good education can be a pathway to a worthy career. It is very common for students to proceed for higher studies after their graduation or even after working for some years. The cost of education has gone through the roof over time making it difficult for students to pursue higher education without external financial aid like loans.
Student loans are available easily subject to income and other conditions. However, many a time, it is possible that you may fall short of the amount due to reasons like revision in fee, fluctuating exchange rate, or even to meet living expenses. Or there may be situations when you do not want to go through the entire process of applying for a student loan.
For all these reasons and many more we bring to you Instant Student Personal Loans from Money View.
To apply for a Personal Loan from MoneyView, a student or guardians will have to meet the eligibility criteria stipulated by us. They are
Unfortunately, we do not lend to students with no income.
However, your parents, guardians or siblings who have a regular income /salary can apply for a Personal Loan against their name and use the proceeds to fund your education.
This is an added benefit of our personal loan. It could be used for any purpose as decided by you, unlike a student loan, which has to be used for the purpose of education only.
There is more than one reason why you should apply for a student personal loan from MoneyView. Our instant personal loan brings in a whole lot of features and benefits. Read on to know more!
Loans are very often equated with an extensive list of documents. For our easy personal loans, we have minimum requirements in terms of documentation. Once your eligibility check is through, keep handy soft copies of your
Read on to know what we accept as proof in each of these categories:
One of these original, valid documents with your Date of Birth (dd/mm/yyyy format) can be submitted as proof of your identity:
One of these original, valid documents showing your current address pin code can be submitted as proof of your address:
We understand that you could be a salaried employee or be self-employed. The proof of income we need varies based on your employment details.
As easy is our process and documentation so are our interest rates and other charges. Our loans are lent on highly competitive interest rates and processing fees so that it doesn’t burn a hole in your pocket.
Sounds too good to be true? Find out for yourself!
| Fees & Charges | Amount to be Paid |
|---|---|
| Interest Rate | Starting from 1.33% per month |
| Loan Processing Fee | 2.5% - 6% of the approved amount |
| Part/Full Payment of the Loan (Loan Foreclosure) |
|
| Interest on Overdue EMIs | 2% per month on the overdue EMI/Principal loan amount |
| Cheque Bounce | Rs.500/- for every bounce |
| Loan Cancellation | No additional charges will be levied apart from the interest amount for the period between loan disbursement and loan cancellation. Processing fees will also be retained. |
Can students avail Personal Loans from MoneyView?
Yes, we allow students to avail of personal loans from MoneyView subject to them meeting our requirements.
My requirement for a Student Personal Loan is Rs 300000. Will it be approved by MoneyView?
Yes, MoneyView allows student personal loans in the range of Rs 10000 to Rs 500000.
Does MoneyView allow flexible repayment tenures on their Student Personal Loans?
We understand that one size doesn’t fit everyone, therefore we allow our borrowers to choose a repayment schedule best suited to their needs and other financial obligations. We allow any tenure with an upper limit of 5 years.
My admission to a prestigious university has just been accepted. But I do not have the time to process a regular student loan? What is the processing time on MoneyView Student Loans?:
MoneyView understands that it is extremely frustrating to wait endlessly for approval and disbursal of loans. So we offer instant student personal loans which take just about 2 minutes for eligibility check and 2 hours post-approval for disbursement of the loan.
Where do I need to submit documents required for processing the loan?
To process loans at MoneyView, we do not require any hard copies of your documents. All you need to do is upload approved copies of your Identity, Address and Income Proof.
What are the documents that I need to submit?
We do not ask for extensive documentation. All we need is approved proof of your identity, address, and income. You may refer here for the documents that we accept as proof.
What is the rate of interest charged on MoneyView Student Personal Loan?
We offer loans at very highly competitive rates. Our loans come with interest rates starting from as low as 1.33% per month.
I have a low credit score. Will I still be able to avail MoneyView Student Personal Loan?
MoneyView allows loans even to individuals with a low credit score. Our minimum credit score requirement is a CIBIL credit score of 650 or Experian credit score of 750. We also use our own credit models to further decide on loan eligibility.
