Get Instant Approval of Up to ₹10 Lakh in 24 Hours
Is your monthly salary under ₹20,000? Many traditional banks might turn you away, but at Moneyview, we believe your dreams shouldn't have a "minimum salary" hurdle.
Whether it’s a medical emergency, a family wedding, or home repairs, we offer instant personal loans specifically designed for low-income households in India.
Attractive Loan Amount
Get loans from ₹5,000 to ₹10 Lakh based on your eligibility
Collateral Free Loans
You can get a personal loan through Moneyview without having to vow any asset or arrange for a guarantor
Fast Disbursal
The loan amount is disbursed to your bank account within 24 hours of approval
Affordable Interest Rates
Interest rates starting from just 14% per annum
If your personal monthly salary is less than ₹20,000, you can still get a personal loan through Moneyview if your monthly household income is ₹25,000. Our lending partners' simple eligibility criteria for borrowers to get an emergency loan are as follows -
The borrower should be between 21 and 57 years of age
They must earn a minimum of ₹25,000 or more monthly
Income must be credited directly to their bank account
They must have a minimum CIBIL score of 650
Given below are our minimal documentary requirements for a personal loan with a salary of less than ₹20,000 -
Your PAN number
Your mobile number will have to be linked to your Aadhaar card for KYC verification
You must also enable the auto-debit facility on your bank account in order to permit automatic withdrawals from your account. Use a debit card, net banking, or a NACH form to finish this quick procedure.
The auto-debit facility will enable you to pay your EMIs automatically each month, eliminating the need for manual intervention.
Our lending partners provide some of the market's fairest and most affordable interest rates.
|
Fees and Charges |
Amount Chargeable |
|---|---|
|
Interest Rate |
Starting from 14% per annum |
|
Loan Processing Charges |
Starting from 2% of the approved loan amount |
|
Penal Charges on Overdue EMI |
24% per annum plus applicable taxes, if any |
|
NACH Bounce |
₹500/- each time |
|
Foreclosure Charges |
Zero. However, it is allowed only after 6 to 12 EMIs are paid, depending on the tenure. |
Loan Amount
Min ₹5,000
Max ₹6,000,000
Rate of Interest
Min 6%
Max 36%
Loan Tenure
5
months
Min 3 months
Max 72 months
1
Assess Your Eligibility
Quickly check if you are eligible on the Moneyview platform in only 2 minutes!
2
Pick Your Repayment Duration
Select the desired loan sum and repayment period from the options provided.
3
Share Your Documents Online
Share only essential documents for profile verification, easily uploading them digitally.
4
Funds Disbursed
Once your application is validated and the loan agreement finalized, funds will be transferred to your bank within 24 hours!
Traditional banks often have strict "cut-offs" that make it hard for salaried professionals earning less than ₹20,000 to get help. Here is how Moneyview’s partner lenders make it easier for you -
|
Feature |
Traditional Banks |
Moneyview |
|---|---|---|
|
Credit Score |
High (750+) required |
Starts at 650 |
|
Paperwork |
Physical visits & many forms |
100% Digital on your phone |
|
Approval Time |
3 to 7 business days |
Instant (within minutes) |
|
Disbursal |
Up to 1 week |
Within 24 hours |
If your salary is on the lower side, use these tips to increase your chances -
Ensure your score is at least 650. If it’s lower, try paying off small existing debts first. Or try to improve your CIBIL score through other methods.
Don't apply for loans at five different places at once. This can lower your credit score. When you get rejected for a loan, avoid applying for another loan immediately.
If you have extra income from a side business or rent, ensure it shows in your bank statement. That will help when your salary is on the lower side.
A longer tenure (like 3 or 5 years) reduces your monthly EMI, making it easier for us to approve your loan. However, at Moneyview, you can choose only from the options provided to you based on your eligibility.
Need Quick Cash?
You can now avail a personal loan with a ₹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. Get an instant loan at competitive rates by visiting the Moneyview website or downloading the app today!
Yes, you can get a personal loan from Moneyview’s lending partners with a CIBIL score of only 650.
Our personal loans are extremely versatile. You can use it for a number of purposes, such as to fund a wedding, home repairs, medical expenses, vacation, or educational purposes. It can also be used for a loan down payment, to buy the latest gadget, or to pay off credit card bills.
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.
Moneyview’s partner lenders only provide loans if your monthly in-hand income is at least ₹25,000. However, if your salary is low, you can include all income sources like rent, business income, etc.
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Disclaimer
The starting interest rate depends on factors such as credit history, financial obligations, specific lender's criteria and Terms and conditions. Moneyview is a digital lending platform; all loans are evaluated and disbursed by our lending partners, who are registered as Non-Banking Financial Companies or Banks with the Reserve Bank of India.
This article is for informational purposes only and does not constitute financial or legal advice. Always consult with your financial advisor for specific guidance.
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