Top Features and Benefits of Personal Loan


Flexible Loan Amount

Choose any loan amount of upto Rs. 10 lakhs


Quick Eligibility Check

Your eligibility check from Money View website or download the app takes only 2 minutes saving energy and time.


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

Avail loans at affordable rates starting at just 1.33% per month


Completely Paperless

Submit three documents - ID proof, address proof, and income proof - and you’re done!


Flexible Repayment Term

Applicants can enjoy flexible repayment tenures of up to 5 years


Loans on Low Credit Score

Get a loan If you have a minimum CIBIL score or Experian score of 650.


24 Hour Disbursal

Your loan will be credited within a day after your loan application has been approved

If you are someone typing out ‘personal loan salary less than 20000’ and trying hard to avail a loan with low income, you have come to the right place.

Eligibility Criteria for Money View Personal Loans

Our eligibility criteria is transparent and easy to understand as 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 20000 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 15000 Metro City other than Mumbai and NCR CIBIL Score /Experian Score of 650 and above
Self-Employed Individuals Rs 15000 Any CIBIL Score/Experian Score of 650 and above

If you fulfill the eligibility criteria given above, even if your salary is less than Rs. 20,000 you can still get a personal loan from Money View.

Documents Required for Applicants with Salary Less Than Rs. 20,000

Given below are our minimal documentary requirements for personal loan with salary less than Rs. 20,000 -

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


Self-Employed Applicants - Last 3 months’ bank statements in PDF format if you are self-employed

Personal Loan Interest Rates and Other Charges

Money View provides instant loans for those with a salary less than Rs. 20,000 at competitive rates. Take a look at the table below to know more -

Fees & Charges Amount Chargeable
Interest Rate Starting from 1.33% per month
Loan Processing Charges Between 2% to 8% of the approved loan amount
Penal charges on Overdue EMI 24% per annum plus applicable taxes, if any
NACH Bounce Rs.500/- each time
Loan Cancellation
  • No additional/hidden charges levied
  • The interest amount for the period between loan disbursement and loan cancellation will be payable.
  • Processing fees will also be retained

How to Apply for Personal Loan for Below Rs. 20,000 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



You can now avail a personal loan with Rs. 20,000 salary easily at competitive rates. Our transparent eligibility criteria, hassle-free application process, and minimal documentation requirements will help you avail a personal loan easily. Avail an instant loan at competitive rates by visiting the moneyview website or download the app today!

Frequently Asked Questions (FAQs)

You can avail personal loans of up to Rs. 10,00,000 from Money View. However, the exact amount will depend on your eligibility criteria.

Generally it is important to maintain a CIBIL score of 750 or above while approaching a bank for a loan. Your score can get affected if you’ve defaulted on your previous loans or on credit card payments, or if you’ve repeatedly applied for loans or credit cards.

However, if your CIBIL score is below 750 and you need a personal loan urgently, don’t hesitate to turn to us. Thanks to our in-house credit rating model, we provide loans to those with a CIBIL score of 650 or above.

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

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

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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