Instant Loan for Students

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.

Eligibility Criteria for Applying a Student Personal Loan from MoneyView?

To apply for a Personal Loan from MoneyView, a student or guardians will have to meet the eligibility criteria stipulated by us. They are

Be salaried or self-employed
Monthly in-hand income of ₹13,500* or more
Income should be received in a bank
Min Cibil score of 650 or Experian score of 750
Should be aged between 21 years and 57 years

Can Students with No Income Avail Money View Student Personal Loans?

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.

Why Should You Apply for a Student Personal Loan from MoneyView?

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!

Our eligibility check for a personal loan is as quick as 1-2-3 and it takes all of 2 mins.
We realize your requirements for loans may vary depending upon your needs, so we allow personal loans within a wide range. You could choose to borrow any amount from Rs 10000 to Rs 500000.
We understand that EMIs on shorter loan tenures may end up being a financial burden; so we allow repayments to be spread over longer tenures of up to 5 years.
You need not wait endlessly for the loan amount to reach your bank account. Our loan disbursement takes place within 2 HOURS of approval.
No one likes to pay high rates of interest. We understand your concern and have ensured that you benefit from low-interest rates starting from 1.33% per month.
We have totally done away with the requirement of photocopies of your documents. From documentation to repayment, the entire process is done digitally.
Worried about a low credit score? Not anymore - our alternate credit model has made it possible for even individuals with low credit scores to avail personal loans from us.

Documents Required for Applying for a Student Personal Loan from MoneyView?

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

ID Proof
Address Proof
Income Proof

Read on to know what we accept as proof in each of these categories:

Documents Acceptable As ID Proof
One of these original, valid documents with your Date of Birth (dd/mm/yyyy format) can be submitted as proof of your identity:
1. Aadhaar Card
2. PAN Card
3. Valid Driver's License
4. Valid Indian Passport
5. Voter ID Card
Documents Acceptable As Address Proof
One of these original, valid documents showing your current address pin code can be submitted as proof of your address:
1. Aadhaar Card
2. Bank Statement/Passbook – Generated within the last 60 days
3. Ration Card
4. Utility Bill – (Telephone Bill/Electricity Bill/Gas Bill/Water Bill) – all bills should be dated within the last 60 days and have your name & address mentioned clearly
5. Valid Driver's License
6. Valid Indian Passport
7. Voter ID Card
Documents Acceptable As Income Proof
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.
1. If you’re salaried: Last 3 months’ bank statements in PDF format showing salary credits or your last 3 months' salary slips with important details, with your employer's name being legible.
2. If you’re self-employed: Last 3 months’ bank statements in PDF format or your last 2 years' Income Tax Returns with important details, including tax paid details being legible.

Interest & Other Charges levied on Student Loan

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)	No part payments are allowed For full payment of your loan, you should have paid a minimum of 3 EMIs. Check our FAQ section for more details
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.