Are you looking for collateral free loans for MSME or a general business loan without collateral? Then you have come to the right place.
Moneyview Collateral Free Loans for Business
You can use personal loans from moneyview as collateral free business loans. They are unsecured and thus don’t require you to pledge collateral.
You can get loans up to Rs.10 Lakh and can use it to fund your business. So if you are looking for a business loan without collateral then you can definitely count on moneyview. Continue reading to know more about it in detail.
Eligibility Criteria for Moneyview Collateral Free Business Loan
You have to fulfill the following criteria to avail of a loan for business without security -
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Should be between 21 and 57 years old
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Should have a monthly in-hand income of Rs.13,500 or more if you are salaried
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Should have a monthly in-hand income of Rs.15,000 or more if you are self-employed
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Income must be credited directly to the applicants’ bank account
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Should have a minimum CIBIL or Experian score of 650
Documentation for Moneyview Business Loan Without Collateral
The documentation required for procuring collateral free loans for MSME from moneyview is very simple. All you will have to do is -
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Confirm or enter your PAN number
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Ensure that your mobile number is linked to your Aadhaar card for KYC verification
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Provide a clear selfie taken in a well-lit area
Please note that the documentation requirements will vary based on your profile. You may be required to upload proof of address, bank statement, and other supporting documents.
In case you are required to upload proof of address, any one of the following documents will suffice -
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Aadhaar Card
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Valid Indian Passport
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Valid Voter ID
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Valid Driver’s License
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Utility Bills (Electricity, Water, Gas) dated within the last 60 days
In case you are required to upload proof of income, you must furnish your bank statement for the last three months. This statement must also show your salary credits.
Fees and Charges of Moneyview Collateral Free Business Loans
Given below are the fees and charges for business loans from Moneyview -
For more details, you can also use our business loan EMI calculator to find out how much EMI you will have to pay.
Conclusion
Availing collateral free loans for MSMEs or a business loan without security is extremely easy, thanks to moneyview. You can now go ahead and grow your business without worrying about the funds.
Visit the moneyview website or download the loan app and apply today.
