The need for extra cash can come up at any time in life for anyone, be it a working woman or a non-working woman. Short term loans that can be availed without any collateral such as personal loans are the easiest to avail. Moreover, it involves lesser documentation and quick disbursal.
In the current day, women have become more independent and are taking their own decisions about their finances. But, there might always be a need for some extra money for many reasons.
Some of the reasons for which women may need personal loans could be for:
When there is a need for a loan, women may not like to spend time visiting a bank and submit documents in the middle of a busy work schedule. Therefore, Money View brings instant online personal loans for women.
These loans are extremely convenient and can be availed from the comfort of your home or office. All you need is a device connected to the internet, it could be a mobile or a laptop/desktop.
There are plenty of features and benefits of Money View personal loans which make it the ideal choice for women looking for easy and quick personal loans.
Some of the important features and benefits are:
We keep our eligibility criteria simple and easy to understand to ensure that many women can come forward and avail of loans to meet their financial needs.
Money View Personal loan eligibility criteria based on your credit score and area of residence is as follows:
|Income and Credit Score Eligibility Criteria|
|Minimum In-Hand Income||Area of Residence||CIBIL Credit Score Requirement|
|Salaried Individuals||Rs 20000||Any||1-299 or New to Credit|
|Rs 20000||Mumbai/Thane or the NCR region (Delhi, Noida, Gurgaon, Ghaziabad, Faridabad, etc.)||CIBIL Score of 650 /Experian Score of 750 and above|
|Rs 15000||Metro City other than Mumbai and NCR||675 or above|
|Rs 13500||Any||CIBIL Score of 650 /Experian Score of 750 and above|
|Self Employed Individuals||Rs 25000||Any||CIBIL Score of 650 /Experian Score of 750 and above|
To apply for an instant online personal loan from Money View you need the follow documents
|Proofs||List of Documents|
A government-issued identity proof that clearly shows your Date of Birth in dd/mm/yyyy is allowed. It could be any one of the below.
Anyone of these original, valid documents showing your current address and pin code can be submitted as proof of your address. They could be
We accept utility bills and bank statements generated within the last 60 days only.
For Salaried Individuals:
For Self-Employed Individuals:
A regular income is an essential feature required to avail personal loans. But, when an individual is not working, then lending becomes risky for the lender. So, personal loans are not available from private lenders or from banks for non-working women.
But there are some options which women who are not working can use to get a personal loan.
A gold loan is available through banks or other Non Banking Financial Companies. To avail a gold loan, all you have to do is pledge your gold (either in the form of ornaments, bars or coins) to avail a loan. You will not need to show any documents for your income as the loan is allowed against the security of your gold.
The amount of the loan available will be subject to the value of the gold as assessed by the lender. The borrower can borrow up to 75% of gold value.
A fixed deposit held in your name can also be used to get you a loan. The best thing about using a fixed deposit to avail a personal loan is that your deposit will continue to earn interest while you can borrow a loan against the safety of the FD. But, keep in mind that you will not be able to close the FD before paying back the loan.
If your requirement for a personal loan is for bigger amounts, you could avail a loan against any property held in your name. The loan approved depends on the market value of the property, clear title, the condition of the property, etc. The property will remain pledged to the lender till the loan is cleared.
Loans against various assets like gold, FD, or property are available from leading banks and Non-Banking Financial Companies. But you will need to keep in mind that if the loan is not repaid on time, you may end up losing your asset.
Are you looking for a personal loan for meeting any of your financial needs? You could go in for an easy, online loan from Money View without any collateral. Download our loan app or apply online on our website today.