Personal loans are unsecured credit products that can come in handy in times of urgent need. As there is no restriction on what you can use the funds for, it can be used for travel or to buy your coveted gadget.
You can apply for personal loans through the Moneyview digital lending app with just a few clicks. Read ahead to know more!
Eligibility Criteria for Personal Loans through Moneyview
The eligibility criteria for a personal loan varies depending on your lender. Here are the eligibility criteria of the lending partners on the Moneyview app -
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Type of Employment
You must be Salaried or Self Employed (own business)
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Monthly Income
Your monthly in-hand income should be Rs 25,000/- or more
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Income in Bank
Your salary must be directly credited to your bank account
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Credit Score
You must have a minimum CIBIL score of 650
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Age
You must be between the ages of 21 and 57 years
How to Check Loan Eligibility Using Moneyview’s Personal Loan Eligibility Calculator?
You can easily do a personal loan eligibility check using our personal loan eligibility checker in a few simple steps.
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Go to the Moneyview website and click on ‘Apply online’
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Enter your mobile number and the OTP you receive for verification
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On the next page, enter the following details
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Name
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Type of employment
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Monthly income
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Method of payment
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Annual family income
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Select ‘Continue’ after agreeing to the terms
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Then, fill out your basic details such as gender, DOB, PAN number, Pincode, company name, and education
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Click on ‘Get Offer’. Now, sit back and relax as our eligibility calculator provides the best possible offer for you in less than a minute!
Features of Personal Loans through Moneyview
Personal loans availed through the Moneyview digital lending app come with the following unique features -
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Loan Amount |
Rs. 5,000 to Rs.10 Lakh |
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Interest Rate |
Starting from 14% per annum |
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Tenure |
3-60 months |
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Application Type |
Completely Digital |
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Processing Fee |
2% onwards of the loan amount |
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Foreclosure |
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How Do I Calculate the EMI for My Personal Loan?
It is very important to check your personal loan EMI based on your loan amount and interest rate. Checking your EMI beforehand will help you plan your monthly finances and lead to a healthy financial life.
You can check your EMI using our personal loan EMI calculator.
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Go to Moneyview’s Personal Loan EMI Calculator
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Set your loan amount, interest rate, and tenure on the calculator
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Your monthly EMI will be displayed on the right-hand side of the calculator
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Scroll down to find out your complete EMI schedule for your loan tenure
Moneyview’s personal loan EMI calculator takes only a second to calculate your EMI. Moreover, you can check your EMI any number of times, and for any amount, interest rate, or tenure.
How to Apply for An Instant Personal Loan
Check Eligibility
Find out the maximum loan amount you’re eligible for online in 2 minutes using our personal loan eligibility checker
Select Loan Tenure
Choose a custom loan amount and the repayment period that suits your financial needs
Upload Documents
Provide your personal details and upload the necessary documents, all on the app or website
Amount Disbursed
Get the loan amount disbursed to your account within 24 hours of approval
Conclusion
Your personal loan eligibility is calculated based on various factors such as your income, credit score, age, etc. When all the conditions are optimally satisfied, you will be able to avail a loan easily and at competitive interest rates. What’s more?
At Moneyview, our lending partners use a unique credit rating model which means that even if your credit score is on the lower side, you can get a personal loan easily.
To get an instant loan within 24 hours, visit the Moneyview website or download the app and apply today!
Personal Loan Eligibility - Related FAQs
In order to be eligible to get a personal loan through Moneyview, you must meet the following criteria -
- You must be salaried or self-employed
- Your minimum monthly in-hand income must be Rs.25,000
- Your income must be credited directly to your bank account
- You must have a minimum CIBIL score of 650
- You must be between the ages of 21 and 57 years
Yes, you can. You can get an instant personal loan as long as your salary is Rs.25,000 per month if you are salaried or self-employed. However, to be eligible, your salary must be credited to a bank account directly.
Moneyview personal loan eligibility check takes just 2 minutes to complete. You can check your personal loan eligibility by either visiting the Moneyview website or by downloading our app.
No, you cannot. If you are a salaried employee or are self-employed and you earn Rs.25,000 per month, you can apply for a personal loan via Moneyview.
The maximum amount you can borrow from Moneyview's lending partners is Rs.10 Lakh. However, our partner lenders provide a custom offer for each applicant based on their eligibility criteria therefore this amount may vary.
No, you can check your loan eligibility for free.
Your income is one of the most important factors that determine your personal loan eligibility. The higher the income, the greater your ability to repay the loan. However, if you have multiple loans running at the same time then your repayment ability will be affected.
At Moneyview, our lending partners require applicants to have a minimum monthly income of Rs.25,000 that is credited directly to their bank account.
When you apply for a loan, your lender will consider your existing debts. If you have a high debt-to-income ratio, i.e. you are repaying multiple loans through your existing income, then your perceived creditworthiness will be low.
It indicates that you may not be able to repay a new loan easily. Therefore, always try to keep your debt-to-income ratio low.
At Moneyview, our lending partners use a unique credit rating model that considers criteria including but not limited to your credit score. Therefore, even if your credit score is on the lower side, you can still get a personal loan through Moneyview.
The minimum credit score requirement is a CIBIL score of 650.
You need to be between the ages of 21 and 57 years to get a personal loan from Moneyview’s lending partners.
Since our lending partners use a unique credit rating model, you need to have a minimum CIBIL score of 650 to get a personal loan from us.
INTERLINKS
- Personal Loan Interest Rates
- Personal Loan Eligibility
- Documents Required for Personal Loan
- Personal Loan EMI Calculator
- Steps to Apply for a Personal Loan
- Top-Up Personal Loan
- Loan on Aadhar & Pan Card
- Loan for Salaried Employees
- Personal Loan for Self Employed
- Personal Loan Foreclosure Procedure
- Personal Loans from Private Finance