Same Day Loans 2025 : Check Eligibility & Apply Now

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 Moneyview 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.

Eligibility Criteria for 24-Hour Loans through Moneyview

If you meet the eligibility criteria given below, you can easily avail same-day loans through Moneyview -

Applicants must be between 21 years and 57 years
Applicants must receive an income of Rs. 25,000 or more*
Income must be credited directly to the applicants’ bank account
Credit score must be a minimum CIBIL score of 650

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Collateral Free Personal Loans up to ₹10 Lakh

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Documents Required for 24-Hour Loans through Moneyview

At Moneyview, 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) 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 OR Self-Employed Applicants - Last 3 months’ bank statements in PDF format if you are self-employed

Fees and Charges through Moneyview

Every loan applicant wants to avail a loan that is most affordable. Moneyview’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 14% per annum
Loan Processing Charges	Varies from 2% to 8% of the approved loan amount. The processing fee is deducted upfront from the approved loan
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 Processing fees will also be retained

Note -

After your documents are verified, you will receive a NACH form which needs to be printed, signed, scanned, and sent back to Moneyview
This step will enable the auto-debit facility from your bank account and allow you to pay your EMIs on time automatically without the need for any manual intervention
On receiving your NACH form, you will need to review the loan agreement on the app. Please submit the application after reviewing all the terms and conditions thoroughly

Conclusion

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. Loans through Moneyview 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.

Frequently Asked Questions

Can those with bad credit get 24 hour 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 Moneyview, 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 or a Experian score of 650.

I Am Self-Employed. Can I Still Get A 24-Hour Loan From Moneyview?

Yes, we do lend to self-employed applicants. However, you must fulfill the eligibility criteria given below -

Your monthly in-hand income must be above Rs.25,000 per month
Income must be credited to a bank account
You must be between 21 to 57 years old
You must have a CIBIL score of 650 and above