Features and Benefits of Personal Loan for Cab Drivers
Flexible Loan Amount
Based on your eligibility, you can avail a loan amount between Rs. 5k and Rs. 10 lakh.
24-Hour Disbursal
Post application verification and loan agreement submission, the amount will be credited to your account in just 24 hours!
Collateral-Free Loans
Moneyview does not ask for any collateral or to submit your assets for approving the loans
Affordable Interest Rates
The interest for Moneyview loans starts at just 1.33% per month.
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
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Applicants should be between 21 years and 57 years
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As salaried employees, you must have an in-hand income of at least Rs. 13,500
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The salary must be credited directly to your bank account
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A minimum CIBIL score and Experian score of 650 is necessary
For Self-employed Individuals
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Self-employed applicants must have an income of at least Rs. 15,000 per month
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The earned income must be received directly to the applicants’ bank account
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CIBIL score and Experian score of at least 650 is necessary
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Applicants should be aged between of 21 years and 57 years
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/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 /Experian Score of 650 and above |
|
|
Rs 15,000 |
Metro City other than Mumbai and NCR |
CIBIL Score /Experian Score of 650 and above |
|
|
Self-Employed Individuals |
Rs. 15,000 |
Any |
CIBIL Score/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
|
Any 1 of the following -
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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 -
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Once your documents are verified, you will receive a NACH form which needs to be printed, signed, scanned, and sent back to us
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This will allow for an auto-debit facility to get activated and make it easier for you to pay your EMIs on time automatically without the need for any manual intervention.
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Once you receive 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
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. |
|
Penal charges on Overdue EMI |
24% per annum plus applicable taxes, if any |
|
NACH Bounce |
Rs.500/- each time. |
How to Apply for An Instant Personal Loan for Cab Drivers
Check Eligibility
Check your eligibility for the Moneyview personal loan in just two minutes by providing the necessary details.
Select Loan Tenure
Once you know the loan amount you are eligible for, select the repayment tenure suitable for you.
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.
Amount Disbursed
The loan amount will be disbursed within 24 hours of your loan agreement submission.
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. 10 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.