If you are typing ‘ very bad credit loans, no guarantor, no broker’ or ‘loans for bad credit, no guarantor’ on the internet, then we have the solution for you.
The need for credit can arise at any time for anyone and if your credit score is low then applying with a guarantor can help.
But what if you are unable to find a broker or guarantor? While getting a loan in these kinds of situations may seem difficult, especially without a guarantor or co-applicant, there are always options.
There are a number of loans available for borrowers with low credit that do not require a guarantor. These include -
These loans come on the back of collateral or security that is pledged against the loan.
Some of the generally accepted collateral could be property, gold, fixed deposits, or securities in the form of insurance policies, stocks, or mutual funds units.
However, the value of the loan will be limited to around 60-80% of the value of the collateral provided.
Banks and financial institutions provide unsecured loans without a guarantor. Even though the lending norms of banks and financial institutions have been relaxed over the years, they still insist on a good credit score at least if not the best credit score of 750 and above.
A high income and employment with a reputed employer are also some of the other requisites.
If you do not meet the income and credit score criteria, you may have to settle for either a higher rate of interest, a lesser loan amount, or a lower tenure of the loan.
Attractive Loan Amount
Get loans from Rs.5,000 to Rs.10 Lakh based on your eligibility
Collateral Free Loans
You can get a personal loan through Moneyview without having to vow any asset or arrange for a guarantor
Fast Disbursal
The loan amount is disbursed to your bank account within 24 hours of approval
Affordable Interest Rates
Interest rates starting from just 14% per annum
Our lending partners' simple eligibility criteria for borrowers to get a personal loan of are as follows -
The borrower should be between 21 and 57 years of age
They must earn a minimum of ₹25,000 or more monthly
Income must be credited directly to their bank account
They must have a minimum CIBIL score of 650
For a personal loan the bare minimum documentation is as follows:
Your PAN number
Your mobile number will have to be linked to your Aadhaar card for KYC verification
You must also enable the auto-debit facility on your bank account in order to permit automatic withdrawals from your account. Use a debit card, net banking, or a NACH form to finish this quick procedure.
The auto-debit facility will enable you to pay your EMIs automatically each month, eliminating the need for manual intervention.
Our lending partners provide some of the market's most fair and affordable interest rates. The fees for personal loans are -
|
Fees and Charges |
Amount Chargeable |
|---|---|
|
Interest Rate |
Starting from 14% per annum |
|
Loan Processing Charges |
Starting from 2% of the approved loan amount |
|
Penal Charges on Overdue EMI |
24% per annum plus applicable taxes, if any |
|
NACH Bounce |
₹500/- each time |
Loan Amount
Min ₹10
Max ₹25,000
Rate of Interest
Min 5%
Max 25%
Loan Tenure
Min 3 months
Max 72 months
1
Assess Your Eligibility
Quickly check if you are eligible on the Moneyview platform in only 2 minutes!
2
Pick Your Repayment Duration
Select the desired loan sum and repayment period from the options provided.
3
Share Your Documents Online
Share only essential documents for profile verification, easily uploading them digitally.
4
Funds Disbursed
Once your application is validated and the loan agreement finalized, funds will be transferred to your bank within 24 hours!
Need Quick Cash?
If you have a low credit score then availing a loan can become complicated. Most lenders only provide loans to those with credit scores above 750. Luckily, there are a number of options available for those with low credit scores as well.
If you wish to avail a personal loan without a guarantor that is disbursed within 24 hours of application approval, requires minimal documentation, and has a unique credit requirement, Moneyview is definitely an option to consider. Download the app or visit the website to apply today!
Was this information useful?
