Features and Benefits of Personal Loan for Cab Drivers

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Flexible Loan Amount

Based on your eligibility, you can avail a loan amount between Rs. 5k and Rs. 5 lakh.

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24-Hour Disbursal

Post application verification and loan agreement submission, the amount will be credited to your account in just 24 hours!

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Collateral-Free Loans

moneyview does not ask for any collateral or to submit your assets for approving the loans

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Affordable Interest Rates

The interest for moneyview loans starts at just 1.33% per month.

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Completely Digital

Every part of the loan application is digital. This makes it easier for you to upload documents as well as save time on the loan application.

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Flexible Repayment Term

You can choose a flexible repayment process for up to 60 months to avoid financial constraints.

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Loans on Low Credit Score

The minimum score required is a CIBIL score of 600 or Experian score of 650.

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Quick Eligibility Check

Our eligibility check is super fast at 2 minutes! That’s all it takes to check the loan amount you are eligible for.

With the introduction of giants like Uber and Ola into the taxi market, the demand for cab drivers is at an all-time high. This also parallelly provided a livelihood for thousands of Indians and cab drivers have since become an essential part of our society.

moneyview offers personal loans for cab drivers who are looking for some extra cash to fulfill their financial needs. Our loans are disbursed instantly and have no hidden charges.

Moreover, our personal loans for cab drivers have affordable interest rates and flexible repayment tenure. We have explained in detail how to apply for and avail moneyview loans for drivers.

Eligibility Criteria For Personal Loans For Cab Drivers

Cab drivers who want a personal loan from moneyview must fulfill the following eligibility criteria:

For Salaried Individuals

For Self-employed Individuals

The income and credit score of the drivers for a personal loan should be as specified below:

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 moneyview Personal Loan For Cab Drivers

To approve your moneyview loan, we need three documents from you. The documents are 

Identity Proof

Address Proof

Income Proof

PAN Card - This is the primary ID proof required. However, if it is rejected for any reason, any 1 of the officially valid documents given below will suffice

  • Aadhaar Card

  • Valid Voter ID

  • Valid Driver’s License

  • Valid Indian Passport

Any 1 of the following - 

  • Aadhaar Card

  • Valid Indian Passport

  • Valid Driver’s License

  • Utility Bills (Electricity, Water, Gas) dated within the last 60 days

  • Valid Voter ID

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

Note -

Interest Rates and Charges For moneyview Loans for Drivers

Our loans for cab drivers come at affordable interest rates and no hidden charges. Our fees and charges are-

Fees and Charges

Amount Chargeable

Interest Rate

Starts 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.

How to Apply for An Instant Personal Loan for Cab Drivers

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Check Eligibility

Check your eligibility for the moneyview personal loan in just two minutes by providing the necessary details.

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Select Loan Tenure

Once you know the loan amount you are eligible for, select the repayment tenure suitable for you.

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Upload Documents

To get a moneyview loan for drivers, you need to upload your identity proof, address proof, and income proof. The process is digital so ensure you have the right documents.

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Amount Disbursed

The loan amount will be disbursed within 24 hours of your loan agreement submission.

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Conclusion

Cab drivers looking for a personal loan can rest easy as moneyview is offering personal loans at affordable interests, minimal documentation, and flexible repayment tenure.  

Whether you are a uber driver or an independent taxi or truck driver, you can depend on moneyview for an instant personal loan for your financial needs.

All you have to do is go to the moneyview website or download our loan app for instant loans. 

Personal Loan for Cab Drivers - FAQs

moneyview provides personal loans for uber drivers too. We offer a loan amount of Rs. 5000 to Rs. 5 lakh. Once you check your eligibility, you will know the loan amount you are qualified for.

If you are a self-employed driver, you must have an income of at least Rs. 15,000 per month. In case you are salaried, then your income should be at least Rs. 13,500 per month.

moneyview follows a complete digital loan application process. So, as an applicant, you should submit all the necessary documents through our app or website, based on where you are applying for the loan from.

Our entire loan application process is digital. So we only accept digital documents. Unfortunately, this does not allow us to give loans to individuals who receive their salary in cash. 

Identity proof, income proof, and proof of address are the only documents we require from you. 

INTERLINKS

Apply for Personal Loan
Personal Loan Interest Rates
Personal Loan Eligibility
Personal Loan Documents
Personal Loan for Self Employed
Personal Loan for Salaried Employees

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