Student Loans: Instant Personal Loan for Students in India

Funding your higher education does not have to be an expensive affair anymore. Money View's personal loans for students are affordable, hassle-free, and require minimal documentation.

Features and Benefits of Student Loans

Here are some important features and benefits of Money View’s personal loan for students -

Instant Eligibility Check

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

Flexibility Loan Amount

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

Repayment Term

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

100% Paperless

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

Minimal Documentation

All you need to submit are three documents - ID proof, address proof, and income proof

24 Hour Disbursement

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

Loans with 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*

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 an instant personal loan from Money View against their name and use the amount to fund your education.

One of the biggest advantages of a personal loan is its versatility. You get to decide the purpose and if funding one’s education is what you have in mind, be it yours or someone else’s, Money View’s personal loans can help fulfill this.

Eligibility Criteria For Applying Student Loans in India

The eligibility criteria for a personal loan for students from Money View is simple and transparent -

Applicants must have a minimum in-hand income of Rs. 13,500 per month or more
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

Steps to Avail Personal Loan for Students in India

Check your eligibility

Provide all the details required and we will let you know your eligibility in just 2 minutes

Select your loan plan

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

Provide required documents

Easily upload all of the necessary documents online for verification

Instant 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 the need for 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

Documents Required To Avail Personal Loan for Students

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

Interest Rates and Other Charges of Student Loans in India

Money View provides instant loans for students 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 levied. The interest amount for the period between loan disbursement and loan cancellation will be payable. Processing fees will also be retained.

In Conclusion

Availing a personal loan for students is now quick and hassle-free thanks to Money View’s personal loans. You can avail loans at competitive interest rates and repay them at convenient terms. It is said that knowledge is power and if you wish to fund your education or someone else’s visit the Money View website or download our app and apply today.

Student Loans Related FAQs

Can students avail personal loans from Money View?

Yes, we allow students to avail personal loans from Money View as long as they meet the required eligibility criteria.

I require a loan amount of Rs. 2,50,000. Will Money View approve my request?

You can avail a personal loan for an amount ranging from Rs. 5,000 to Rs. 5,00,000 from Money View. However, the amount you wish to avail will depend on your eligibility and credit score.

Does Money View allow flexible repayment tenures on their student personal loans?

We understand that one size doesn’t fit all, therefore we allow our borrowers to choose a repayment schedule of their choice. You can choose a tenure of upto 60 months based on your eligibility.

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 for Money View student loans?

We understand your frustration. Therefore, we offer instant student personal loans which take just about 2 minutes for eligibility check and 24 hours post-approval for disbursement of the loan.

How many photocopies of my documents should I submit?

To process loans at Money View, we do not require any hard copies or photocopies of your documents. All you need to do is upload approved copies of your Identity, Address and Income Proof.

I am from Mumbai and my credit score is 690. Can I still get a personal loan from Money View?

Yes you can still avail a personal loan from Money View. Our table below illustrates the city-wise breakdown of income and credit score requirement -

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 Individu	Rs. 15,000	Any	CIBIL Score of 600 /Experian Score of 650 and above

Personal Loans for Students

Avail instant loan to fund higher education starting at 1.33% rates