Loan for Business without Security, Business Loan without Collateral Security

Top Features and Benefits of Personal Loan

Flexible Loan Amount

You can opt for a loan amount between Rs.5,000 and Rs.5,00,000 depending on your income and credit score

Instant Loan Disbursal

Our most popular benefit- once your loan application is approved, the loan amount will be credited to your account within 24 hours

Guarantor/Collateral-free

You don’t have to arrange for any guarantor or pledge any asset while applying for personal loans from Money View

Affordable Interest Rates

Not only do the interest rates start at an attractive 1.33% per month, these loans can be used for multiple reasons without major restrictions, making it perfect for MSMEs or businesses

100% Online

Because there’s no paperwork involved in the Money View loan application process, it’s hassle-free and quick

Flexible Repayment Terms

You can choose a repayment term of upto 5 years

Loans on Low Credit Score

The minimum score required is a CIBIL score of 600 or Experian score of 650.

Quick Eligibility

You can instantly check your eligibility and apply for a personal loan in just 2 minutes through the Money View website or app.

Income and Credit Score Eligibility Criteria*
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 Individuals	Rs. 15,000	Any	CIBIL Score of 600 /Experian Score of 650 and above

Income and Credit Score Eligibility Criteria*

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 Individuals

Rs. 15,000

Any

CIBIL Score of 600 /Experian Score of 650 and above

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

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

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.

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.

How to Avail Money View Business Loan Without Collateral

Check Eligibility

Visit the Money View website or download the loan app and provide all the details required. We will then let you know your eligibility in just 2 minutes.

Select Loan Tenure

Select the loan amount and repayment term of your choice based on your eligibility

Upload Documents

Upload the required documents online effortlessly

Amount Disbursed

After your documents are verified and loan agreement is submitted, the loan amount will be credited to your bank account within 24 hours

Loan for Business without Security - FAQs

1. Loan for Business without Security?

While most banks and lenders require applicants to have a CIBIL score of 750 and above, Money View uses a unique algorithm to understand a borrower’s creditworthiness. Therefore even those with relatively low credit scores can avail personal loans from Money View. However, a minimum CIBIL score of 600 and above or a minimum Experian score of 650 and above is necessary.

2. Can I Get A Loan For My Business Without Security In India By The Government?

There are a number of loans offered by the Indian government for businesses and start-ups such as the Pradhan Mantri Mudra Yojana and CGTMSE. You can read more about these loans here.

3. Will The Loan For Business Be Based On My Personal Credit Score?

Personal credit score plays a huge role in getting approval on a business loan, especially when the business is upcoming and small. To be able to avail loans from Money View, all you require is a CIBIL score of 600 or an Experian Score of 650, as we use our alternative model of credit assessment to ascertain your creditworthiness.

4. What Much Collateral Will I Need To Provide For Availing A Loan For My Business From MoneyView?

Money View loans that could be used for businesses do not need any collateral of any sort. So it becomes very easy for you to avail of a loan for your business without worrying about arranging for collateral.

5. What is The Processing Time Taken For Money View Loans For Business?

Our loans are extremely quick and efficient. Our eligibility check takes just 2 mins and your loan is disbursed to your account in a matter of 2 business hours after the approval of your loan.

6. I Have A Couple of Ideas For A Start-Up? Am I Eligible To Get A Loan From Money View?

Yes, as long as you meet the eligibility criteria and your loan gets approved by our system, you can avail of a loan for your start-up from Money View.

Loan for Business Without Security

Get Affordable Business Loan With Minimal Documentation

Top Features and Benefits of Personal Loan

Money View Collateral Free Loans for MSME

Eligibility Criteria for Money View Collateral Free Loans for MSME

Documentation for Money View Business Loan Without Collateral

Fees and Charges Money View MSME Loan without Collateral

How to Avail Money View Business Loan Without Collateral

Loan EMI Calculators

Calculate Your EMI

Conclusion

Loan for Business without Security - FAQs

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