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.
If you meet the eligibility criteria given below, you can easily avail same-day loans through Moneyview -
At Moneyview, we require minimal documentation as given below -
Identity Proof | Address Proof | Income Proof |
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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)
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Any 1 of the following -
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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. 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 |
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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 |
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Note -
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.
Yes, we do lend to self-employed applicants. However, you must fulfill the eligibility criteria given below -
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