These days the qualifications and the skills needed to keep up with a career are ever-changing and need frequent up-gradation. Accordingly, there are many short term courses available in the market today.
The cost of these courses can range anywhere from a few thousand rupees to a few lakhs. It might not be possible to spend that kind of amount each time you are looking to upgrade your skills. Therefore, borrowing may be the best option available.
Some of the options that you could consider for this purpose are -
This option works well if you have an asset which could be pledged to avail a personal loan. It could be anything from a fixed deposit, stocks, shares, gold, mutual funds or even a moneyback insurance policy.
You could also use your credit card to make the payment for your fee towards a professional career development course. However, your credit card needs to have a sufficient credit limit and you will have to repay the amount on time or attract very heavy interest charges.
A personal loan like the one from Money View can take the place of an education loan for professional courses as these loans are easy to avail and do not carry any fixed condition for use of the loan.
Here are some benefits that sets Money View apart from other lenders -
Choose Your Loan Amount and Tenure
Based on your eligibility you can choose a loan amount of upto Rs. 5 lakhs and repayment tenure of up to 60 months
No Collateral Required
There is no need for a guarantor or collateral to avail this loan
Three documents - ID proof, address proof, and income proof are all that we need
Loan for Low Credit Applicants
Due to our in-house credit model, even with low credit scores you can get a loan
The complete process of applying for and getting a loan from us is 100% safe, hassle-free, and online
Our personal loan is disbursed to your bank account within 24 business hours after the approval
Fulfill the eligibility criteria given below to avail a professional loan from Money View -
Given below is a city-wise breakdown of the income and credit score requirement -
|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|
We understand the importance of minimal documentation. We require only 3 key documents from you, as given below -
|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
Any 1 of the following -
Salaried Applicants - Last 3 months’ bank statements of your salary account in PDF format showing salary credits
Self-Employed Applicants - Last 3 months’ bank statements in PDF format if you are self-employed
Our personal loans come with competitive interest rates and have no hidden charges whatsoever. Our fees and charges are -
|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|
So, the next time you are looking to upgrade your skill sets to make a big leap towards your career progression, do not let the lack of funds be a hindrance. Apply for an easy personal loan from Money View. Visit our website or download the loan app and apply today.
Yes, we allow students to avail personal loans from Money View as long as they meet the required eligibility criteria such as age and income requirements
No, we do not allow part-prepayment. However, you can foreclose your loan after a certain number of EMIs have been paid as given below -
|Fees and Charges||Amount Chargeable|
Nil but foreclosure can be done only after a minimum
number of EMIs have been paid as illustrated below-
|Part- Prepayment Charges||Part-prepayment is not allowed|
Currently we only provide loans to those individuals who receive their salary via bank transfer – directly from their employer. We will not be able to give loans to applicants who get their salaries in cash.