Urgent Loan with Bad Credit in India upto 10 Lakhs

Why Choose moneyview Loans for Bad Credit

Flexible Loan Amount

Depending on your eligibility you can choose any loan amount of up to Rs. 10 lakhs

Quick Eligibility Check

Your loan will be credited within a day or so after your loan application has been approved

Collateral Free Loans

There is no need for a guarantor or collateral to get moneyview personal loans

Affordable Interest Rates

We understand how important interest rates are as they determine the EMI amount to be paid. At Money View, the interest rate starts at just 1.33% per month

Completely Paperless

The entire process from application to disbursal is paperless, online, and hassle-free

Flexible Repayment Term

Applicants can enjoy flexible repayment tenures of up to 5 years or 60 months

Loans on Low Credit Score

Thanks to moneyview’s unique credit rating model, even if you have a relatively low credit score, you can get a loan. So, if you want an urgent loan with bad credit in India, moneyview is the best choice for you

24 Hour Disbursal

Complete your eligibility check from the moneyview website or app within just 2 minutes

What are Bad Credit Loans?

When someone with a low credit score takes out a loan, it is referred to as a bad credit loan. In order to easily get, one must have a credit score of 750 or more. But this may not be possible for everybody.

The good news is that certain loan providers such as moneyview offer loans to even those with low credit. So, if you’re looking at loans for bad credit, you know where to apply.

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 650 /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 650 /Experian Score of 650 and above
Rs 15,000	Metro City other than Mumbai and NCR	CIBIL Score of 650 /Experian Score of 650 and above
Self-Employed Individuals	Rs. 15,000	Any	CIBIL Score of 650 /Experian Score of 650 and above

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 650 /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 650 /Experian Score of 650 and above

Rs 15,000

Metro City other than Mumbai and NCR

CIBIL Score of 650 /Experian Score of 650 and above

Self-Employed Individuals

Rs. 15,000

Any

CIBIL Score of 650 /Experian Score of 650 and above

How to Apply for An Instant Personal Loan for Bad Credit

Check Eligibility

Visit the moneyview website or download the app. Provide all necessary details and in 2 minutes we will let you know your eligibility

Select Loan Tenure

Select the loan amount and repayment term of your choice based on your eligibility

Upload Documents

Easily upload all the documents online

Amount Disbursed

After your documents are verified and loan agreement is submitted, the loan amount will be credited to your bank account within 24 hours

Frequently Asked Questions (FAQs)

1. What Are Bad Credit Loans?

Technically speaking, a bad credit loan refers to loans that are provided to those that have low credit scores. In order to easily avail loans, one must have a credit score of 750 or more. But this may not be possible for everybody. Therefore, certain loan providers such as Money View provide loans to even those with credit scores as low as a CIBIL score 650 or Experian score of 650. So, if you’re looking at loans for bad credit, you know where to apply.

2. What Can Cause Low Credit Scores?

One could end up with a bad credit score due to a lot of reasons which can vary from one person to another. However, the most common reasons due to which individuals might land up with bad credit are -

Defaults in repayment of old and existing loans or credit cards
High credit card utilization or a high number of hard inquiries
Those who do not have a credit score as they are new to credit. (Never availed credit earlier)

3. What is The Difference Between Secured And Unsecured Loans?

Secured loans are those that are provided against collateral such as home loans, auto loans, gold loans, etc. Unsecured loans are those that do not require collateral such as personal loans. Money View personal loans for bad credit are unsecured loans and do not require any collateral or security.

4. Are There Secured Loans For Bad Credit Available?

If you have a low credit score and but have some form of collateral, you can avail the following loans -

Gold Loans -You can avail a loan by using the gold that you own (bonds, coins, jewellery) as collateral
Loan Against Property - An existing property can be given as a security to avail a loan. A Loan to Value Ratio of anywhere between 50-75% is allowed depending upon the age, condition and title documents of the property
Securities and Fixed Deposits - Investments in securities, mutual funds or fixed deposits can also be used as collateral for availing loans.

When bad credit loans are availed against collateral, the amount of the loan will always be tied to the value of the asset allowed as collateral. However, with low credit scores, even with collateral, your interest rate will be on the higher side.

5. What Are The Disadvantages Of Availing A Loan For Bad Credit?

Loans for bad credit are loans that are provided to individuals with low credit scores. As the lenders take on more risk when lending to less creditworthy individuals, they tend to compensate for it by altering certain terms and conditions of the loan as given below -

These loans are often provided at higher rates of interest
Sometimes, these loans are only provided as secured loans, i.e., require collateral
These loans may have short repayment terms

6. My CIBIL Score Is 620 And I’m From Jharkhand. Can I Still Get A Personal Loan From Money View?

Yes, you can. Thanks to Money View’s alternate credit rating model, as long as your CIBIL score is above 650, you can get a personal loan from us.

Identity Proof	Address Proof	Income Proof
Please upload a copy of any one of the following documents- Aadhaar Card Valid Indian Passport Valid Voter ID Valid Driver’s License	Please upload any one of the following documents- Aadhaar Card Valid Indian Passport Valid Voter ID Valid Driver’s License Utility Bills (Electricity, Water, Gas) dated within the last 60 days	We may require proof of income based on your eligibility and credit rating. If requested, the following documents will suffice For Salaried Applicants Last 3 months’ bank statements in PDF format showing salary credits Last 3 months' salary slips with important details For Self-Employed Applicants Last 3 months’ bank statements in PDF format

Fees and Charges	Amount Chargeable
Interest Rate	Starting from 1.33% per month
Loan Processing Charges	Between 2% to 8% of the approved loan amount
Penal charges on Overdue EMI	24% per annum plus applicable taxes, if any
NACH Bounce	Rs.500/- each time

Urgent Loan with Bad Credit in India

Low credit score? You can still get a personal loan with our alternate credit model

Why Choose moneyview Loans for Bad Credit

What are Bad Credit Loans?

Eligibility Criteria for Bad Credit Loans Online

Documents Required for Bad Credit Loans Online

Fees and Charges for Bad Credit Loans from moneyview

How to Apply for An Instant Personal Loan for Bad Credit

Loan EMI Calculators

Calculate Your EMI

Conclusion

Frequently Asked Questions (FAQs)

INTERLINKS

Thank you for your interest!