Personal Loan Eligibility

Ans: Yes, you can. You can get an instant personal loan as long as your salary is Rs. 13,500 per month if you are salaried and Rs. 15,000 per month if you are self-employed. However, to be eligible, your salary must be credited to a bank account directly.

Ans: Money View personal loan eligibility check takes just 2 minutes to complete. You can check your personal loan eligibility by either visiting the Money View website or by downloading our app.

Ans: Yes, you can. At Money View, we believe that access to financial services is a basic right for all. If you are a salaried employee and you earn Rs. 13,500 per month or if you are self-employed and you earn Rs. 15,000 per month, you can still apply for a personal loan from Money View.

Ans: The maximum amount you can borrow from Money View is Rs. 5 lakhs. However, we provide a custom offer for each applicant based on their eligibility criteria therefore this amount may vary.

Ans: In order to get a personal loan from Money View, you need to fulfill the following criteria -

• If you are a salaried employee, you will need to earn a minimum of Rs. 13,500 per month

• If you are self-employed, you will need to earn a minimum of Rs. 15,000 per month

Your salary must be credited to your bank account directly.

Ans: Your salary is one of the most important eligibility criteria that lenders consider while disbursing loans. At Money View, you need to have the following minimum salary to be eligible for our personal loan -

• If you are a salaried employee, you will need to have a minimum monthly income of Rs. 13,500 

• If you are self-employed, you will need to earn a minimum monthly income of Rs. 15,000 

Your salary must be credited to your bank account directly.

Ans: No, you do not have to. The entire loan application process is completely free of cost. All you have to do is fulfill the following eligibility criteria before applying for our personal loan -

• You must be Salaried or Self Employed (own business)

• Your monthly in-hand income should be Rs 13,500/- or more. To know more, click here.

• Your salary must be directly credited to your bank account

• You must either have a minimum CIBIL score of 600 or a minimum Experian score of 650. Low Credit Score? You may still get a loan based on our own credit-assessment model.

• Applicants must be between the ages of 21 years to 57 years

If you do fulfill the above criteria, then visit the Money View website and download the app and apply. We will take care of the rest!

Ans: Your income is one of the most important factors that determine your personal loan eligibility. Higher the income, greater is your ability to repay the loan. However, if you have multiple loans running at the same time then your repayment ability will be affected.

This is why before you get a loan, it is important to ensure that you are in a comfortable position to repay.

At Money View, we require applicants to have  a minimum monthly income of Rs. 13,500 that is credited directly to their bank account.

Ans: 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 if you are already repaying multiple loans and this will impact your eligibility criteria and your ability to avail loans easily.

Therefore, always try to keep your debt-to-income ratio low.

Ans: At Money View, we 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 from Money View.

The minimum credit score requirement is a CIBIL score of 600 and above or an Experian score of 650 and above.

Ans: You need to be between 21 years to 57 years in order to get a personal loan from Money View.

Ans: Since we use our own credit rating model at Money View, you need to have a minimum CIBIL score of 600 or a minimum Experian score of 650 to get a personal loan from us.