Documentation is an integral part of any loan application process. But, very often applicants find this process time-consuming and look for an instant loan without documents or for an instant personal loan without documents.
But is this option available? Let’s find out!
Can I Get a Personal Loan without Documents?
The answer to the above question is both yes and no!
It may be possible to get a personal loan without documents in the cases mentioned below:
Pre-approved personal loan offer from your bank
Pre-approved loan offers over and above your credit limit from your credit card issuers
Top-up loan offers from your lender
The pre-approved loan offers are made to existing customers of the bank /credit card issuer and may not require documents as your lender will already have them. Additionally, your eligibility will already be assessed by the lender before providing this offer.
However, this facility is not made available for new customers of the bank who apply for loans. Therefore, if you are a new customer, getting an instant loan without documents will not be possible.
Where Can I Get Instant Cash Loan In 1 Hour Without Documents?
Documents play a pivotal role in the approval of loan applications. They help lenders assess the profile of the borrower and determine the risk associated with the application to an extent.
Hence, it is not possible to get an instant loan without documents online or an urgent cash loan without documents.
However, to reduce the burden of paperwork on loan applicants, leading online lenders such as moneyview have introduced minimal paperwork and instant disbursals.
What Is The Eligibility Criteria To Apply for Instant Loans From moneyview?
moneyview’s basic eligibility criteria are as follows -
Applicants must be aged between 21 years and 57 years
They must be either salaried or self-employed and must receive an income of ₹13,500 or more per month
The income must be credited directly to their bank account
A minimum CIBIL score or an Experian score of 650 is required
Documents Required for moneyview Personal Loans
While you may not be eligible for a personal loan or an urgent cash loan without documents, we have the next best option which is - minimal documentation.
moneyview has done away with extensive documentation or multiple photocopies of documents and all that is required now is just three documents.
Your PAN number
Your mobile number, linked to your Aadhaar card for KYC verification
Clear selfie taken in a well-lit area
Depending on your profile, we may further ask you for proof of address as well as a bank statement.
How to Apply for An Instant Loan Without Documents Online?
Every loan application requires the borrowers to submit documents for verification.
However, if you are looking for instant cash loans with minimal paperwork, then here is a step-by-step process for the application.
Instant Eligibility Check
Just 2 minutes! That’s how long it takes for you to know the loan amount you are eligible for. So, enter your details and find out your eligibility.
Once you choose your loan amount, you can set your repayment tenure to fit your financial goals.
We ask for minimal documents to verify your profile. You can upload your documents online without any hassle
Once the application is verified and the loan agreement is signed, the loan amount will be directly credited to your bank account within 24 hours!
Why Should You Choose moneyview Personal Loans?
There are several online lenders available in the market. However, one of India’s leading money lenders, moneyview, offers attractive loans customized to the needs of its customers.
Here is why moneyview instant loan without documents is the right fit for your financial needs!
moneyview customers can avail any amount from Rs. 5,000 to Rs. 10,00,000 instantly
There are no hidden charges or unpleasant surprises when you take an instant personal loan without documents from moneyview. Our process is straightforward and transparent
Did you know that our entire loan process, from application and document submission to amount disbursal is digital? Not only does this save a ton of time, but it also gives you the freedom to apply for a loan from anywhere, anytime.
moneyview loans come at low-interest rates and flexible tenures to make your financial life easier.