Top Features and Benefits of Personal Loan

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Flexible Loan Amount

Everyone’s requirements will vary therefore applicants can borrow any amount between Rs, 5,000 to Rs. 10 lakhs based on their eligibility.

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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.

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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 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

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Completely Paperless

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

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Flexible Repayment Term

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

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Loans on Low Credit Score

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

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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 or 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 /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

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 24% per annum plus applicable taxes, if any
Loan Foreclosure Charges
  • NIL
  • But please note that you must pay a minimum of 6 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

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Check Eligibility

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

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Select Loan Tenure

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

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Upload Documents

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

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Amount Disbursed

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

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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

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 or Experian score of over 650 can avail a personal loan from us.

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

Yes, self-employed applicants can avail personal loans from Money View. However, your minimum in-hand income must be Rs.15,000 or above.

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.

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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