Money View personal loans are quick, hassle-free, and secure making them one of the top rated personal loans in the country.
Given below are some of the most important features and benefits of a personal loan from the leading private finance company, Money View -
Quick Eligibility Check
Imagine checking for your eligibility within just 2 minutes! This is possible if you are applying for a personal loan from Money View.
Flexible Loan Amount
Everyone’s requirements will vary therefore applicants can borrow any amount between Rs, 5,000 to Rs. 5 lakhs based on their eligibility.
Flexible Repayment Term
Applicants can enjoy flexible repayment tenures of up to 5 years or 60 months
24 Hour Disbursal
The loan amount is disbursed to your account in 24 HOURS of approval.
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
Right from application to loan disbursement, the entire process of availing a loan from Money View is completely paperless and digital.
Loans on Low Credit Score
The minimum score required is a CIBIL score of 600 or Experian score of 650.
Money View loans are pocket-friendly and fit into your budget, making our personal loans one of the best in the market. Read on to know more about our competitive interest rates and other charges
Fees & Charges | Amount to be Paid |
---|---|
Interest Rate | Starting from 1.33% per month |
Loan Processing Charges | Starting from 2% and going up to 8% of the approved loan amount |
Part/Full Payment of the Loan (Loan Foreclosure) |
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Interest on Overdue EMIs | 2% per month on the overdue EMI/Principal loan amount |
Cheque Bounce | Rs.500/- for every bounce |
Loan Cancellation |
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Our eligibility criteria is broad and inclusive to ensure that individuals can avail our personal loans easily. Our personal loan criteria for salaried and self-employed individuals are clearly enumerated below for your reference.
For Salaried Individuals
Income and Credit Score Eligibility Criteria | |||
---|---|---|---|
Minimum In-Hand Income | Area of Residence | CIBIL Credit Score Requirement | |
Salaried Individuals | Rs 13,500 | Any | CIBIL Score of 600 /Experian Score of 650 and above |
Rs 20000 | 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 15000 | Metro City other than Mumbai and NCR | CIBIL Score of 600 /Experian Score of 650 and above |
Given below are the documents required for personal loans from Money View -
Follow the simple 4 steps below to avail personal loans from Money View -
Check Your Eligibility
Find out the maximum loan amount you’re eligible for online in 2 minutes
Select Your Plan
Choose a custom loan amount and the repayment period that suits your financial needs
Upload Your Documents
Provide your personal details and upload the necessary documents, all on the app or website
Get the Loan Amount
Get the loan amount disbursed to your account in 2 hours of approval
The information and documents provided by you will be verified after which you will receive a NACH form. You’ll need to print this form, sign, scan the document, and send it back to Money View
Personal Loans from private finance companies like Money View come with many advantages as compared to those from traditional sources such as a bank or other financial institutions. Some of the important advantages of these loans are -
You can find out the amount you’re eligible to borrow within just 2 minutes, saving precious time and energy
We offer an end-to-end paperless process which means from approval to disbursal, everything is done online making the entire process hassle-free
We have developed an alternative credit scoring model which ensures that individuals with low credit scores also can get personal loans easily. We take into account many data points to assess the creditworthiness of our applicants.
If you’re looking for personal loans in India that can be availed from anywhere in the country, our loans are perfect for you
Personal Loans come with a plethora of advantages. These loans are highly flexible as they can be used for various purposes while allowing you to choose the amount and tenure based on your requirements. Some of the use cases for Money View instant personal loans are:
Emergencies come unannounced and can be a drain on your finances. Our personal loans can help you tide over such circumstances while allowing you to repay at your own convenience
If you have multiple loans running at the same time, consolidating them into a single debt is easier to repay and also less stressful. You can avail a personal loan from Money View to repay this consolidated debt as it comes with low-interest rates starting at 1.33%.
A good credit history means a good credit score. Get a personal loan from Money View which is pocket-friendly and easy to avail and pay it all back on time to build a solid credit score. It was never easier!
Credit-card outstanding dues that remain unpaid at the end of the billing period are charged a high rate of interest (30-40% p.a). Use our personal loans to pay off these bills before the due date and reduce your financial burden.
Dreaming about starting your own venture but short on funds? You need not worry about it anymore. Instant personal loans from Money View can help you start your own business without worrying about the initial investment.
Do you need a loan for a home-makeover? You could finance your new home improvement project that oozes style with our personal loan.
Leave your stress and worries behind. Head out for a much-needed holiday to an exotic location and fund it with a paperless personal loan from Money View.
Study as much as you want to without worrying about course fees, be it higher education or school with our personal loans.
Are you eyeing the latest gadget in the market? Why break your investment for that? Use an instant personal loan to fund your purchase.
Big-ticket loans like home loans or vehicle loans require a downpayment of 10-25%. Instant personal loans from Money View can help you finance this
The entire process of applying for and tracking your personal loan application from Money View is easy and user-friendly. Once you have submitted an application, you can track your application status on our app or website by following the steps below.
While we would like to accept all applications there are certain factors that could prevent that. Some of the reasons for the rejection of your application are:
To be eligible for our loans, we require a minimum in-hand income of Rs 13,500 for salaried applicants and Rs 15,000 for the self-employed and may vary based on where the applicant is applying from.
Your income is a direct reflection of your ability to repay the loan. So, if your income isn’t up to the mark with respect to your loan amount, your application will be rejected.
Your instant loan application can get rejected if you have too many lines of credit that are currently open and a major portion of your salary is spent on repaying other EMIs and there’s no room for more credit. This can include other loans like car loans, home loans, and credit cards. It can even include your monthly commitments like rental and living expenses among others.
Your 3-digit credit score, or more popularly known as CIBIL score, is a reflection of your creditworthiness and is based on your past and present credit behavior. We approve personal loans for a minimum CIBIL score of 600 or an Experian Score of 650. If your score isn’t good enough, you won’t get a loan or get a loan at unfavorable terms like a very high rate of interest or a shorter than applied for tenure.
Some of the main factors that affect your score include your repayment history, promptness in payments, usage of your credit limit, duration of open credit lines, and the number of credit lines among others.
Having multiple applications with different lenders for the same loan will lessen your chances of getting the approval. Also, each application is considered as an inquiry by the credit bureau which will reduce your credit score thereby reducing your chances of availing a loan
When you fill out your loan application, it’s highly important that you are doubly sure that every piece of information being filled out is correct. Any kind of misinformation or mistake can lead to rejection more often than not. So, be sure of all the details that you provide that match the documents submitted by you.
Your employment status and type can have a major bearing on your income and your ability to repay your personal loan. In such a scenario, if your employment history is unstable – too many breaks or constant changes – lenders won’t trust you to have a consistent source of income, which in turn can affect your loan repayments. This can lead to your application getting rejected too.
The documents needed are minimal, but we require correct and current documents. For example, If you provide an expired passport as proof of identity or an old bank statement as proof of income, your loan application will be rejected.
Personal loans are one of the most versatile loans available in the market today and we at Money View strive to provide loans that are easy to avail, with minimal documentation, and at affordable interest rates. Visit our website or download the app to avail a loan today.
Ans:
The eligibility criteria to get a personal loan from Money View is simple as given below -
Ans: Given below are the income and credit score requirements that need to be fulfilled by applicants
Income and Credit Score Eligibility Criteria | |||
---|---|---|---|
Minimum In-Hand Income | Area of Residence | CIBIL Credit Score Requirement | |
Salaried Individuals | Rs 13,500 | Any | CIBIL Score of 600 /Experian Score of 650 and above |
Rs 20000 | 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 15000 | Metro City other than Mumbai and NCR | CIBIL Score of 600 /Experian Score of 650 and above |
Ans: Instant and online personal loans from Money View don't require security, collateral, or guarantors of any kind.
Ans: Based on your eligibility, you can avail a loan of any amount between Rs. 5,000 and Rs.5,00,000
Ans: Money View allows you to take control of your repayment schedule, so you can choose any tenure up to 60 months based on your eligibility and loan amount availed.
Ans: We try our best to process your loan within a time frame of 24 business hours. However, this does not include the time taken for eligibility check, loan application, and submission of the NACH mandate.
Ans: Yes, we do provide loans to self-employed applicants as long as they meet the minimum income and eligibility requirements.
Ans: Currently we only provide loans to those individuals who receive their salary via bank transfer – directly from their employer. We will not be able to give loans to applicants who get their salaries in cash.
Ans: A personal loan application can be canceled only before the submission of the Loan Agreement Form. Once that is submitted, you will not be in a position to cancel the loan. Please check here to know about cancellation charges levied by us.
Ans: The EMI amount that you will need to pay is based on the loan amount chosen, rate of interest imposed, and repayment tenure chosen. When applying for a Money View instant personal loan, we will calculate the EMI for you based on the information provided by you. Additionally, you can also check out our simple EMI calculator to find out how much EMI you may have to pay.
Ans: Loan is repaid in EMIs which is a combination of your principal and interest amount. This amount is auto-debited from your bank account on the 5th of every month so applicants will have to maintain sufficient balance in their account on the due date. This is done only after you’ve authorized us to deduct the proposed EMI amount that’s specified during the loan request process.
Ans: The loan amount gets automatically debited on the 5th of every month. If you don’t have the required funds in your account, we allow a grace period of up to 3 days during which you can request a Loan EMI transfer through the app to avoid any late charges. Beyond this time period, a late payment fee will be charged.
If you’re still unable to pay the EMI on time after the grace period, you will have to pay cheque bounce charges and a separate late payment fee – Rs.500 (cheque bounce charges) + Rs.10/day (late payment fee). This fee will add up until you make the payment for that month.
Ans: Yes. If the auto-debit facility is not activated for your linked account, you can pay the EMI loan manually through the ‘Pay Now’ button on our app
Ans: We don’t allow part-payments for the loan. However, we do allow applicants to foreclose their loan after a minimum number of EMIs have been made as given below -
Fees & Charges | Amount to be Paid |
---|---|
Interest Rate | Starting from 1.33% per month |
Loan Processing Charges | Starting from 2% and going up to 8% of the approved loan amount |
Part/Full Payment of the Loan (Loan Foreclosure) |
|
Interest on Overdue EMIs | 2% per month on the overdue EMI/Principal loan amount |
Cheque Bounce | Rs.500/- for every bounce |
Loan Cancellation |
|
Ans: If you have already paid a minimum of EMIs based on your loan repayment term, you can pay opt for loan foreclosure. Please call 080 4569 2002 or send an email to loans@moneyview.in. We will assist you in making the repayment
Ans: You might be using an older version of the Money View App, please update it to see the loans section on your App.
Ans: We have taken all necessary measures to ensure that our app is smooth and bug-free. However, if it still crashes for some reason you will be able to restart the application process from the same step.
Ans: Yes, your loan request data will get shared with the lender. This is done to facilitate the process of you getting a loan from the lender.
Ans: We would love to hear from you. If you have any queries or feedback please contact us at Phone: 080 4569 2002 Email: loans@moneyview.in
Ans: If you are sure you want to miss out on all the exciting personal loan offers from us please mail us at loans@moneyview.in and we will take your name off the mailing list.