Apply Online for Personal Loan

Get Personal Loans of up to ₹5 Lakhs starting at 1.33% per month
Apply Online

Money View personal loans are quick, hassle-free, and secure making them one of the top rated personal loans in the country.

Top Features and Benefits Personal Loan

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.

Personal Loan Interest Rates and Other Charges

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)
  • No part payments are allowed
  • Foreclosure allowed after a minimum of 3 EMIs.
Interest on Overdue EMIs 2% per month on the overdue EMI/Principal loan amount
Cheque Bounce Rs.500/- for every bounce
Loan Cancellation
  • No additional charges will be levied apart from the interest amount for the period between loan disbursement and loan cancellation.
  • Processing fees will also be retained.

Personal Loan Eligibility Criteria

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

  • Applicants must be between 21 years and 57 years
  • Income must be credited directly to the applicants’ bank account
  • Minimum in-hand Income and Credit Score requirement is as follows-
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

For Self-Employed Individuals

  • Applicants must have a minimum In-hand income of Rs. 15,000 per month
  • Income must be directly credited to the applicants’ bank account
  • A minimum CIBIL score of 600 or more or Experian score 650 or more
  • Applicants must be between the ages of 21 years and 57 years

Given below are the documents required for personal loans from Money View -

Documents Required for Salaried Applicants

  • Identity Proof
    Please upload any one of the following documents -
    • PAN Card (This is the primary ID proof required. However, if it is rejected due to image quality issues or other reasons, any of the officially valid documents given below will suffice)
    • Aadhaar Card
    • Valid Indian Passport
    • Valid Voter ID
    • Valid Driver’s License
  • Address Proof
    Please upload any one of the following documents -
    • PAN Card (This is the primary ID proof required. However, if it is rejected due to image quality issues or other reasons, any of the officially valid documents given below will suffice)
    • Aadhaar Card
    • Valid Indian Passport
    • Valid Voter ID
    • Valid Driver’s License
    • Utility Bills (Electricity, Water, Gas) dated within the last 60 days
  • Income Proof
    PLast 3 months’ bank statements of your salary account in PDF format showing salary credits

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

  • This form is necessary to enable the auto-debit facility from your bank account allowing 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. If you agree to the terms and conditions, you can submit the application.

Why to Apply for a Personal Loan?

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 -

  • Quick Eligibility Check

    • You can find out the amount you’re eligible to borrow within just 2 minutes, saving precious time and energy

  • End-to-End Paperless Process

    • We offer an end-to-end paperless process which means from approval to disbursal, everything is done online making the entire process hassle-free

  • In-House Credit Scoring Model

    • 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.

  • Available Pan India

    • 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:

  1. Emergency Expenses:

    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

  2. Debt Consolidation:

    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%.

  3. Build Credit History:

    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!

  4. To Repay Credit Card Dues:

    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.

  5. Business Ventures:

    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.

  6. Home Remodeling:

    Do you need a loan for a home-makeover? You could finance your new home improvement project that oozes style with our personal loan.

  7. Dream Vacations:

    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.

  8. Fund Education:

    Study as much as you want to without worrying about course fees, be it higher education or school with our personal loans.

  9. Buy a Gadget:

    Are you eyeing the latest gadget in the market? Why break your investment for that? Use an instant personal loan to fund your purchase.

  10. Down Payment of other Loans:

    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.

  1. If you’ve applied on our website
    1. Go to the login section on our website, Click Here: /apply-loan/login
    2. Login into your loan account with your registered mobile number
    3. Go to the “Dashboard” section of your loan account
    4. Scroll down to the “Application Status” tab to know the status of your loan application
  2. If you’ve applied on Money View app
    1. Open the Money View app
    2. Register yourself with a valid email ID if you haven’t done it yet
    3. Head over to the “Loans” section
    4. Once you move to the Loans section, you’ll be automatically directed to the “Application Status” screen where you can check your application details
    5. If you have the Money View Loans app, you’ll be directed to the “Application Status” screen automatically as soon as you open it

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:

  • Annual Income

    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.

  • Open Credit

    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.

  • Poor Credit Score:

    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.

  • Multiple Loan Enquiries & Applications:

    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

  • Invalid or Incorrect Information:

    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.

  • Unsettled Employment:

    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.

  • Submission of Incorrect Documents:

    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.

In Conclusion

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.

1. What are the different ways to apply for a loan at Money View?
Instant and Paperless Personal Loans from Money View are very easy to apply. You wouldn’t need to visit a branch of a bank or any financial institution to apply for our loan. You can easily apply for our loan on our website or download the app in four simple steps.

2. What are the basic requirements to get your personal loan application approved?
The eligibility criteria to get a personal loan from Money View is simple as given below -

  • Be a salaried individual

  • Monthly in-hand income of ₹13,500 or more for salaried applicants and ₹15,000 or more for self-employed applicants

  • Income should be credited directly to the applicant’s bank account

  • Minimum CIBIL score of 600 or Experian score of 650

  • Should be aged between 21 years and 57 years

3. What are the income and credit score requirements to avail a personal loan from Money View?
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

4. Do I need to provide any security or collateral or guarantors?
Instant and online personal loans from Money View don't require security, collateral, or guarantors of any kind.

5. What is the minimum and maximum loan amount that is provided?
Based on your eligibility, you can avail a loan of any amount between Rs. 5,000 and Rs.5,00,000

6. What are the repayment tenure options?
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.

7. How much time does it take for the Instant loan to be disbursed?
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.

8. Do you give loans to self-employed individuals?
Yes, we do provide loans to self-employed applicants as long as they meet the minimum income and eligibility requirements.

9. Will I get a loan If I get my salary in Cash?
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.

10. Can I cancel the loan at any stage?
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.

11. How can I calculate EMI for a Personal Loan?
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.

12. How do I repay the loan?
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.

13. What happens If I’m not able to pay my EMI on time?
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.

14. Can I make a manual payment of the EMI?
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.

15. Can I make part payments of the loan amount?
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)
  • No part payments are allowed
  • Foreclosure allowed after a minimum of 3 EMIs.
Interest on Overdue EMIs 2% per month on the overdue EMI/Principal loan amount
Cheque Bounce Rs.500/- for every bounce
Loan Cancellation
  • No additional charges will be levied apart from the interest amount for the period between loan disbursement and loan cancellation.
  • Processing fees will also be retained.

16. What should I do If I’m willing to pay off the entire loan amount in one go?
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.

17. Why can’t I see the loans section on my money view app whereas my friends can see such a section on theirs?
You might be using an older version of the Money View App, please update it to see the loans section on your App.

18. What happens if the app crashes when I’m midway through my loan application process?
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.

19. Does my loan request data get shared with the lender when I apply for a loan?
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.

20. Who do I get in touch with If I have any queries or feedback to give?
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

21. What should I do If I no longer want to see any more loan offers from money view?
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.

Related Articles
Different Types of Loan

© 2021 WhizDM Innovations Pvt. Ltd.

Check your Loan Eligibility in 2 mins Apply Online