Moneyview’s lending partners offer loans to applicants with a monthly income of ₹25,000 or more. However, if you have income from sources other than your salary, that counts as well. That means if your monthly total household income is above ₹25,000, you may be eligible for a personal loan.
Whether you are facing a sudden medical bill, a home repair, or an urgent family requirement, you need a financial partner who looks beyond just your salary slip.
Attractive Loan Amount
Get loans from ₹5,000 to ₹10 Lakh based on your eligibility
Collateral Free Loans
You can get a personal loan through Moneyview without having to pledge any assets or arrange for a guarantor
Fast Disbursal
The loan amount is disbursed to your bank account within a few hours of approval
Affordable Interest Rates
Interest rates starting from just 14% per annum
The loan amount you are eligible for depends on your monthly obligations and credit score. With Moneyview, this amount can range anywhere from ₹5,000 to ₹10 Lakh.
Below is a quick look at estimated EMIs for common loan amounts on a ₹15,000 salary (assuming a tenure of 24 months at a 14% interest rate):
|
Loan Amount |
Estimated EMI |
Tenure |
|---|---|---|
|
₹25,000 |
₹1,200 |
24 Months |
|
₹50,000 |
₹2,400 |
24 Months |
|
₹1,00,000 |
₹4,800 |
24 Months |
Note: These are indicative figures. Your actual EMI and interest rate will be shown on the app after your eligibility check.
Even if your salary is below ₹15,000, you can avail a personal loan through Moneyview as long as your monthly in-hand total income is more than ₹25,000.
Here are the other eligibility criteria -
|
Criteria |
Details |
|---|---|
|
Age |
Between 21 and 57 years |
|
Monthly Income |
Minimum ₹25,000 |
|
Income |
Should be credited directly to the bank account |
|
CIBIL score |
Minimum 650 |
For a personal loan, the bare minimum documentation is as follows:
Your PAN number
Your mobile number, which is 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 fairest and most 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 |
|
Foreclosure Charges |
Zero. However, it is allowed only after 6 to 12 EMIs are paid, depending on the tenure. |
|
NACH Bounce |
₹500/- each time |
Loan Amount
Min ₹5,000
Max ₹6,000,000
Rate of Interest
Min 6%
Max 36%
Loan Tenure
5
months
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!
Moneyview Says
Always match the loan term to the loan size. For a small loan, try to keep the payoff timeline as short as possible. A longer term will give you a lower monthly payment, but you will end up paying drastically more in interest over time for a relatively small amount of borrowed cash.
Here are some tips to get your personal loan approved quickly -
Your income is not just your salary. In case your base salary is under ₹15,000, getting a loan might be difficult, but it is not impossible. Consider your side earnings, like your rent, freelance income, etc. Include your spouse's or a family member’s income or make them a co-applicant to increase your chances.
Make sure all your documents are in order, and your names and birthdays match on all documents before submitting.
Maintain a good CIBIL score. Increase your credit score by making timely EMI payments. Do not apply for too many loans at once. This can cause your CIBIL score to decrease.
If you need a personal loan but your salary is ₹15,000 or below, there is no need to worry. As long as your monthly household income is above the required limit and you meet our eligibility criteria, you can easily avail personal loans from Moneyview. Visit the Moneyview website or download the app today to apply.
Need Quick Cash?
At Moneyview, we decide our applicants’ creditworthiness based on factors other than their CIBIL score, thanks to our unique credit-rating model. Therefore, applicants who have a CIBIL score of over 650 can avail a personal loan through us.
Our personal loans are extremely versatile. You can use it for a number of purposes, such as -
Personal Loan by Income and Purpose
Personal Loan Insights and Guides
Loan EMI Calculators
Loan Schemes and MSME Loans
Best Personal Loan Resources
Personal Loan in Top Cities
Personal Loan Types and Comparisons
Loan Process, Terms and Rules Explained
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Disclaimer
The starting interest rate depends on factors such as credit history, financial obligations, specific lender's criteria and Terms and conditions. Moneyview is a digital lending platform; all loans are evaluated and disbursed by our lending partners, who are registered as Non-Banking Financial Companies or Banks with the Reserve Bank of India.
This article is for informational purposes only and does not constitute financial or legal advice. Always consult with your financial advisor for specific guidance.
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