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. 10 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 Moneyview.
Collateral Free Loans
To apply for a personal loan through Moneyview, 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 Moneyview, the interest rate starts at just 1.33% per month
Are you frantically typing out ‘personal loan salary less than 15000’ ? Unlike most lenders who require applicants to have a high monthly income, Moneyview’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 Moneyview Personal Loans
If your salary is below Rs. 15,000 but require a loan urgently, you can avail a personal loan from Moneyview 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 Moneyview 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 |
|
Documents Required for Moneyview 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
|
Any 1 of the following -
|
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 Moneyview. Visit the Moneyview website or download the app today to apply.
Personal Loan Salary Less Than 15000 Related FAQs
At Moneyview, 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 Moneyview. 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.
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