Are you in need of a loan? No matter what the reason is, here’s an easy, hassle-free way to obtain a personal loan with our online loan apps.

Introducing Money View Loans - The Best Online Loan App in India

It’s your basic right to obtain financial help when you are in need. Money View Loans app was built to replace cumbersome loan processes with simpler solutions. With Money View instant loan app, you can get a personal loan of up to Rs. 5 lakh from anywhere in India without any hassles.

Perks of Taking A Loan On Money View Loan App

Money View has its own set of advantages that make it unique when compared to other loan apps. We have over 10 million happy users and here’s why:

  • You can apply for a loan instantly in under 2 minutes.
  • You can choose a loan tenure of up to 5 years. This will help you get a lesser EMI and you’ll be able to make payments on time.
  • You can get for loans starting at Rs. 10,000 and going up to Rs. 5,00,000.
  • Once your application is approved, the loan is disbursed within 2 hours.
  • The entire process is done digitally with zero paperwork.
  • TOur eligibility criteria and documentation requirements are minimal

Eligibility Criteria for Personal Loan from Money View Online Loan App

In order to avail a personal loan from Money View online loan app, you will have to fulfill the eligibility criteria given below -

  • Applicants must be between 21 years and 57 years
  • Applicants must receive an income of Rs. 13,500 or more*
  • Income must be credited directly to the applicants’ bank account
  • Credit score must be a minimum CIBIL score of 600 or minimum Experian score of 650

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

Documents Required for Personal Loan from Money View Online Loan App

In order to get a personal from an instant loan app such as Money View, you need only 3 key documents, as listed 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)
  • 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 for Personal Loan from Money View Online Loan App

Money View’s personal loans come with competitive interest rates and have no hidden charges whatsoever. Our fees and charges are as follows -

Fees & Charges Amount Chargeable
Interest Rate Starting from 1.33% per month
Loan Processing Charges Varies from 2% to 8% of the approved loan amount. The processing fee is deducted upfront from the approved loan
Interest on Overdue EMIs 2% per month on the overdue EMI/Principal loan amount
Cheque Bounce Rs.500/- each time
Loan Cancellation
  • No additional/hidden charges levied
  • Processing fees will also be retained

How to Apply for a Personal Loan from Money View Online Loan App

You can get an instant loan in Mumbai, also known as personal loans in four easy steps -

Check your eligibility

Visit the Money View website or loan app. Provide the required details and we will let you know your eligibility in 2 minutes.

Choose your loan plan

Based on the options provided, select the loan amount and repayment term of your choice

Upload required documents

Upload all of the necessary documents online for verification

Loan transfer to your bank account

Post verification and submission of loan agreement, the loan amount will be credited to your account within 24 hours

Note -

  • After your documents are verified, you will receive a NACH form which needs to be printed, signed, scanned, and sent back to Money View
  • This step will enable the auto-debit facility from your bank account and allow you to pay your EMIs on time automatically without the need for any manual intervention
  • On receiving your NACH form, you will need to review the loan agreement on the app. Please submit the application after reviewing all the terms and conditions thoroughly

In Conclusion

If you’re looking for the best loan app or an instant loan app, Money View is definitely a choice to be considered. Money View personal loans offer a number of benefits and features that are unparalleled such as minimal documentation and 24 hour loan disbursal post approval of loan application.

Therefore, if you’re in need of a personal loan, visit the Money View website or download the app and apply today.

Best Online Loan App - Related FAQs

Given below are the factors that impact Money View's interest rates -

  • Credit Score Your credit score is a numerical representation of your creditworthiness. The higher the credit score, the lower is the risk of defaulting for the lender therefore interest rates are on the lower side. If your credit score is lower than 700, your chances of getting a low-interest rate will be less. However, there are a number of steps that can be taken to increase your credit score
  • Repayment History Having a flawless repayment history will help you get personal loans at low-interest rates as this shows the lender that you are capable of repaying your debts on time
  • Employment Type Having a steady secured job will reduce the risk of defaulting on loans as salary is credited regularly and therefore those with secure jobs can generally avail of personal loans at lower rates of interest
  • Income Having a good income every month is essential but if you have taken multiple loans that need to be paid from that income, then the risk of default is high, therefore the interest rate charged in this case will be on the higher side

Some of the reasons for which you can avail a personal loan from Money View are -

  • To buy household gadgets like fridge, washing machine, etc
  • To pay down-payment for another loan
  • To clear credit card dues
  • For house renovation expenses
  • Pay fee for college/school education
  • To pay for a vacation
  • To pay for the repair/breakdown of your vehicle
  • To meet wedding expenses
  • To meet expenses towards relocation

Yes, you can foreclose your personal loan after a certain number of EMIs have been paid, as illustrated below -

Fees & Charges Amount Chargeable
Foreclosure Charges Nil but foreclosure can be done only after a minimum number of EMIs have been paid as illustrated below-
Tenure Foreclosure
Up to 6 months Not allowed
7 - 18 months Allowed after 6 EMI payments
Over 18 months Allowed after 12 EMI payments
Part- Prepayment Charges Part-prepayment is not allowed

Once you have submitted an application, you can track your application status on our app or website by following the steps below -

    1. If you’ve applied on our website
      • Go to the login section on the website by clicking here: /apply-loan/signup
      • Login into your loan account with your registered email ID
      • Go to the ‘Dashboard’ section of your loan account
      • Scroll down to the ‘Application Status’ tab to know the status of your loan application
    2. If you’ve applied on the Money View app

Open the Money View app

    • Register yourself with a valid email ID if you haven’t done it yet
    • Head over to the ‘Loans’ section
    • You will then be automatically redirected to the ‘Application Status’ screen where you can check your application details
    • If you have the Money View Loans app, you’ll be directed to the ‘Application Status’ screen automatically as soon as you open it