Now Personal Loans for Low-Income Individuals Are No Longer a Hassle

Have you hesitated to approach a bank for a personal loan because you’re drawing an income below Rs.20,000 per month? The primary reason for this is the number of formalities and questions you have to answer to prove your credibility and certify that you’re capable of repayment of the loan. You can’t really blame the bank because they’re following their own procedures, but at the same time, you get frustrated because you’re pressed for time.

Fortunately, this is where Money View steps in. As a private financial lender, we offer personal loans if your salary is less than Rs. 20,000. We believe anyone and everyone is entitled to a personal loan despite their low incomes. Our app provides a hassle-free, digitized, and completely paperless method of applying for a personal loan for individuals with income below Rs. 20,000.

Money View is your one-stop solution to any immediate financial crisis. With our flexible repayment plans, low-interest rates, easy application procedure, and collateral-free loan options, we’re the preferred choice for individuals who want to apply for personal loans if their salary is below Rs. 20,000. Apart from a few mandatory documents to check your eligibility, you’ll find the application procedure smooth.

Reasons to Choose Money View for Your Personal Loan

The features and benefits that come with Money View are manifold. We’ll give you several convenient EMI plans that fit into your budget if you’re taking a personal loan on a salary below Rs. 20,000.


  • Loans sanctioned for ages 21 to 57
  • Loan amounts from Rs.10,000 to Rs. 5,00,000
  • Longer repayment tenure of up to 60 months
  • Partial payments of the loan not accepted
  • The loan amount can be paid off in full after a minimum payment of 3 EMIs
  • Fully digitized and paperless process


  • Interest rates: Starts from 1.33% per month
  • Processing fee: Starts from 2.5%
  • Time is taken for eligibility check: 2 minutes
  • Partial payments of the loan not accepted time taken for loan disbursal after approval: 2 hours
  • Interest for overdue EMI: 2% per month
  • Minimum CIBIL score: 650
  • Minimum Experian score: 750

Why Take a Personal Loan?

  • Pay your child’s school fee
  • Settle your credit card bill
  • Take a spur-of-the-moment vacation
  • Cover medical emergencies and much more

What to Do If You’re a CIBIL Defaulter?

Banks always do a CIBIL check before approving a loan. It’s important to maintain a CIBIL of 750 and above while approaching a bank for a loan. Your score can get affected if you’ve defaulted on your previous loans (housing loan, car loan, education loan, etc.), or on credit card payments, or if you’ve repeatedly applied for loans or credit cards.

If your CIBIL score is below 750 and you need a personal loan urgently, don’t hesitate to turn to us. We require a minimum score of 650 before approving a personal loan for individuals with salaries below Rs. 20,000.

What Is an Experian Score?

Like CIBIL, Experian is another Credit Bureau that assigns credit scores to individuals based on their past and present credit behavior. The methodology followed in assigning scores differs between credit bureaus, hence the credit scores are not uniform across credit bureaus.

Like the CIBIL score, the lower your Experian number, the lesser the possibility of obtaining a personal loan. A score of 850 is considered good enough for lenders to disburse a personal loan.

Money View’s minimum Experian expectation is 750. So if you’re drawing an income below Rs. 20,000 and need to take out a personal loan, we can make sure you get one.

Any 1 of the following as ID Proof:

  • Aadhaar card
  • PAN card
  • Valid driver's license
  • Valid Indian passport
  • Voter ID card
  • Fully digitized and paperless process

Any 1 of the following as Address Proof:

  • Aadhaar card
  • Passbook
  • Ration card
  • Utility bill (Generated in the last 60 days only)
  • Valid driver's license
  • Valid Indian passport
  • Voter ID card

Any 1 of the following as Income Proof for Salaried Employees:

  • Last 3 months’ bank statements in a PDF format
  • Salary Slips clearly showing your employer’s name

Please note that since your salary is below Rs. 20,000, it must be credited to your bank account. We don’t accept cheques or cash amounts as proof of salary.

Steps to Apply for a Personal Loan Through Money View Loans App

  1. Log into the app
  2. Enter relevant details
  3. Check your eligibility within 2 minutes
  4. Review loan plans available and choose the one that suits you
  5. Upload the required documents
  6. Get money directly in your account upon approval

What You Can Do on the Money View App

  • Read the step-by-step application procedure
  • Confirm eligibility criteria
  • Check the status of your loan application
  • Verify information
  • Receive notifications when your EMI is due

Contact Us

If you have questions about the personal loan application procedure, call us at 080-4569-2002 or write to us at or download the Money View app right away.