Top Features and Benefits of Personal Loan

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Flexible Loan Amount

Since every applicant's requirements are different, they can borrow anywhere between Rs. 5,000 and Rs. 5 lakhs.

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Quick Eligibility Check

Did you know that you can check your eligibility in just 2 minutes! Yes, you read it right! It’s only possible if you are applying for a personal loan from Money View.

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Collateral Free Loans

To apply for a personal loan through Money View, you don’t have to pledge any asset or arrange for a guarantor

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Affordable Interest Rates

We understand the significance of interest rates in determining the EMI to be paid. Money View's monthly interest rate starts at just 1.33 percent.

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Completely Paperless

From loan application to loan disbursement, Money View offers a completely paperless and digital loan application process.

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Flexible Repayment Term

Along with the flexible loan amount, flexible repayment terms of 5 years or 60 months are also available to applicants

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Loans on Low Credit Score

The minimum score required to avail a loan from MoneyView is a CIBIL score of 600 or Experian score of 650.

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24 Hour Disbursal

The loan amount is deposited into your bank account within 24 HOURS of approval.

One of the reasons for the growing popularity of personal loan is that it is an unsecured loan that does not require collateral and has a quick processing time. You can get a personal loan from any bank or non-banking financial institution of your choice.

Can Self-Employed Individuals Avail A Personal Loan Without ITR?

Yes, but only certain lenders, such as moneyview, provide loans to self-employed applicants without the ITR. 

Your ITR or income tax return is an important document used to verify your income and subsequent repayment ability. Therefore, not all lenders offer loans without an ITR. But at moneyview, we value customer satisfaction and place a high emphasis on minimal documentation which is why this benefit is possible.

To avail a personal loan from Money View, one will have to fulfill the eligibility criteria given below -

  • To qualify for the loan, applicants must have a monthly in-hand income of Rs. 15,000
  • All income must be credited directly into the bank account of the applicants
  • A minimum CIBIL score of 600 or Experian score of 650 is required
  • Applicants must be 21 to 57 years of age

Given below are the documents required to avail a moneyview personal loan -

  • Income Proof: 

    • Last 3 months’ bank statements in PDF format showing salary credits

  • Identity 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

  • Address Proof: You can submit one of the following documents for proof of address-

    • Aadhaar Card

    • Valid Indian Passport

    • Valid Voter ID

    • Valid Driver’s License

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

As mentioned above, if you are self-employed, you do not have to submit your ITR as proof of income. Your bank statements are enough.

Fees & Charges Amount Chargeable
Interest Rate Starting from 1.33% per month
Loan Processing Charges Between 2% to 8% of the approved loan amount
Interest on Overdue EMIs 2% per month on the overdue EMI/Principal loan amount
Cheque Bounce Rs.500/- each time

Note -

  • Once your documents are verified, you will receive a NACH form which needs to be printed, signed, scanned, and sent back to us
  • 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

How to Apply for An Instant Personal Loan for Self-Employed

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Check Eligibility

You will receive your eligibility in 2 minutes after submitting the required details

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Select Loan Tenure

Depending on your preferences, you can choose a loan amount and repayment term

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Upload Documents

Make sure all the necessary documents are uploaded online so that they can be verified

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Amount Disbursed

In 24 hours after submitting your loan agreement, you will receive the loan amount in your account

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Conclusion

Self-employed individuals can now easily apply for and avail a personal loan without having to provide an ITR. 

All you have to do is visit the moneyview website or download the app, submit your income proof, fulfill the necessary eligibility criteria and you can have your loan within just 24 hours of your approval. 

Personal Loan for Self Employed without ITR - Related FAQs

No, without income proof you cannot avail personal loans. You will need to provide bank statements as proof of your income.

Yes. One of the most important factors in obtaining a loan from any financial institution is your credit score. However, at moneyview, we employ a one-of-a-kind credit rating system that considers not only your credit score but also other factors. 

As a result, a CIBIL score of 600 or higher, or an Experian score of 650 or higher, is required to apply for an instant personal loan on moneyview.

Yes, you can. However, the eligibility criteria may vary for self-employed and salaried individuals. Financial documents demonstrating income stability will make it easier to obtain a personal loan for self-employed individuals. 

The lender also might require self-employed individuals to have been in business for a certain period of time.

moneyview offers personal loans to self-employed individuals who earn a minimum of Rs. 15,000 per month.

moneyview offers instant and online loans without requiring collateral, security, or guarantors.

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