Same day loans are those loans that are disbursed within 24 hours. This is quite a new concept in the Indian markets and while the exact type of loan may not be offered, certain online lenders such as we at Money View provide loans in 24 hours of application approval.
Certain banks have also introduced this concept, however, they are mostly restricted to their existing customers and come in as pre-approved offers.
In addition to same-day disbursal, Money View Personal loans come with a host of other benefits and features as well and these are -
If you meet the eligibility criteria given below, you can easily avail same-day loans from Money View -
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 of 600 /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 of 600 /Experian Score of 650 and above|
|Rs 15,000||Metro City other than Mumbai and NCR||CIBIL Score of 600 /Experian Score of 650 and above|
|Self-Employed Individuals||Rs 15,000||Any||CIBIL Score of 600 /Experian Score of 650 and above|
At Money View, we require minimal documentation as given below -
|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|
Every loan applicant wants to avail a loan that is most affordable. Money View’s same-day loans come with competitive interest rates and have no hidden charges whatsoever. Our fees and charges are -
|Fees & Charges||Amount Chargeable|
|Interest Rate||Starting from 1.33% per month|
|Loan Processing Charges||Varies from 2% to 8% of the approved loan amount. The processing fee is deducted upfront from the approved loan|
|Interest on Overdue EMIs||2% per month on the overdue EMI/Principal loan amount|
|Cheque Bounce||Rs.500/- each time|
Now that you know our eligibility and documentation requirements, follow these steps to get a loan -
Choose your loan plan
Based on the options provided, select the loan amount and repayment term of your choice
Upload required documents
Upload all of the necessary documents online for verification
Get the Loan
Get the loan amount transferred to your account within 24 hours of successful verification of your documents.
Same-day loans are a boon to those looking for emergency financial assistance. However as this concept is quite new, not all lenders offer 24-hour loans. Money View loans on the other hand provides borrowers with loans within 24 hours of application approval making this one of the best choices for individuals who need instant personal loans.
A good credit score is an irreplaceable requirement for getting any kind of credit these days. However, there may be many individuals who do not have a high credit score but need loans urgently. While getting a same-day loan from a traditional source with a bad credit score is quite difficult, online loans may be a better option.
At Money View, thanks to our unique credit rating system, even those with relatively low credit scores can avail 24 hour loans. Borrowers need to have a minimum CIBIL score of 600 or a minimum Experian score of 650.
Once you’ve submitted your loan application, there are multiple ways how you can track its status depending on which platform you’ve applied from.
Here are the main steps you’ll need to follow:1. If you’ve applied on our website
Yes, we do lend to self-employed applicants. However, you must fulfill the eligibility criteria given below -