Top Features and Benefits of Personal Loan

Flexible Loan Amount

Everyone’s requirements will vary therefore applicants can borrow any amount between Rs, 5,000 to Rs. 5 lakhs based on their eligibility.

Quick Eligibility Check

Imagine checking for your eligibility within just 2 minutes! This is possible if you are applying for a personal loan from Money View.

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

Affordable Interest Rates

We understand how important interest rates are as they determine the EMI amount to be paid. At Money View, the interest rate starts at just 1.33% per month

Completely Paperless

Right from application to loan disbursement, the entire process of availing a loan from Money View is completely paperless and digital.

Flexible Repayment Term

Applicants can enjoy flexible repayment tenures of up to 5 years or 60 months

Loans on Low Credit Score

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

24 Hour Disbursal

The loan amount is disbursed to your account in 24 HOURS of approval.

Are you frantically typing out ‘personal loan salary less than 15000’ ? Unlike most lenders who require applicants to have a high monthly income, Money View’s eligibility criteria includes more than just your income. Therefore, even if your salary is less than Rs. 15,000 per month, you can still apply for a loan from us.

Eligibility Criteria for Money View Personal Loans

If your salary is below Rs. 15,000 but require a loan urgently, you can avail a personal loan from Money View if you fulfill the 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

Fees and Charges for Money View Personal Loans

Our interest rates and other charges on our personal loans are pocket-friendly and competitive -

Type of Charge Amount
Interest Rates on Loans Starts at 1.33% per month
Charges for Loan Processing 2% to 8% of your approved loan amount
Penalty on Overdue EMIs 2% per month on the overdue amount
Loan Foreclosure Charges
  • NIL
  • But please note that you must pay a minimum of 3 EMIs before paying off the entire loan amount. Also, no part-payment of the loan is allowed by Money View

Documents Required for Money View Personal Loans

If you have fulfilled our eligibility criteria, then you will have to submit the following documents to avail a personal loan from us -

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

How to Apply for An Instant Personal loans for Rs. 15,000 Salary

Check Eligibility

Find out the maximum loan amount you’re eligible for online in 2 minutes

Select Loan Tenure

Choose a custom loan amount and the repayment period that suits your financial needs

Upload Documents

Provide your personal details and upload the necessary documents, all on the app or website

Amount Disbursed

Get the loan amount disbursed to your account in 2 hours of approval

Conclusion

If you are worried that you won’t be able to get a loan if your salary is Rs. 15,000 or below, there is no need to worry. As long as your salary is above the required limit and you meet our eligibility criteria, you can easily avail instant personal loans from Money View. Visit the Money View website or download the app today to apply.

Personal Loan Salary Less Than 15000 Related FAQs

Ans: At Money View, we decide our applicant’s creditworthiness based on factors other than one’s CIBIL score thanks to our unique credit-rating model. Therefore, applicants who have a CIBIL score of over 600 or Experian score of over 650 can avail a personal loan from us.

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

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

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

Ans: Our personal loans are extremely versatile. You can use for a number of purposes such as -

  • To fund a wedding
  • For Home-repairs
  • Medical expenses
  • For vacation
  • For a loan down payment
  • Education purposes
  • To buy the latest gadget
  • To fund a business venture
  • To pay off credit card bills or build credit score
Ans: Yes, self-employed applicants can avail personal loans from Money View. However, your minimum in-hand income must be Rs.15,000 or above.

Ans: No, currently we only provide loans to those individuals who get their salary directly credited to their bank account from their employer. We will not be able to give loans to applicants who get their salaries in cash.

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