Personal Loan in Bhopal

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Personal Loan in Bhopal

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Top Features and Benefits of Personal Loan

Flexible Loan Amount

Choose any loan amount starting 5,000 up to Rs. 5 lakhs

Quick Eligibility Check

Complete your eligibility check from the Money View website or app within just 2 minutes.

Collateral Free Loans

To apply for a personal loan through Money View, you don’t have to pledge any asset or arrange for a guarantor

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

Borrowers can choose repayment tenure starting 3 months up to 60 months

Loans on Low Credit Score

Thanks to Money View’s unique credit rating model, even if you have a relatively low credit score, you can get a loan*

24 Hour Disbursal

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

Personal loan in bhopal, personal loan agent in bhopal, personal loan from private finance in bhopal

Are you looking for a personal loan from private finance in Bhopal? You’ve come to the right place. Continue reading to know more.

Personal Loan from a Private Finance in Bhopal

If you are looking for a personal loan agent in Bhopal, look no further for Money View is the perfect lender!

Instant disbursal, minimal documentation, and a hassle-free application process are the standout features of Money View personal loans. In this article, we will tell you how to easily get a personal loan of upto Rs. 5 lakh.

Note -

Once your documents are verified, you will receive a NACH form which needs to be printed, signed, scanned, and sent back to us
This step will enable the auto-debit facility from your bank account and allow you to pay your EMIs on time automatically without any manual intervention.
On receiving your NACH form, you will need to review the loan agreement on the app. Please submit the application after reviewing all the terms and conditions thoroughly

Eligibility Criteria for a Personal Loan in Bhopal

If you meet the eligibility criteria given below, you can easily a personal loan in Bhopal from Money View -

Applicants must be between 21 years and 57 years
Applicants must receive an income of Rs. 13,500 or more*
Income must be credited directly to the applicants’ bank account
Credit score must be a minimum CIBIL score of 600 or minimum Experian score of 650

Given below is a city-wise breakdown of the income and credit score requirement -

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 600 /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 600 /Experian Score of 650 and above
	Rs 15,000	Metro City other than Mumbai and NCR	CIBIL Score of 600 /Experian Score of 650 and above
Self-Employed Individuals	Rs. 15,000	Any	CIBIL Score of 600 /Experian Score of 650 and above

Documents Required for a Personal Loan in Bhopal

At Money View, we understand the importance of minimal documentation. We require only 3 key documents from you, as given below -

Identity Proof	Address Proof	Income Proof
PAN Card - This is the primary ID proof required. However, if it is rejected due to image quality issues or other reasons, anyone of the officially valid documents given below will suffice Aadhaar Card Valid Indian Passport Valid Voter ID Valid Driver’s License	Anyone of the following - Aadhaar Card Valid Indian Passport Valid Voter ID Valid Driver’s License Utility Bills (Electricity, Water, Gas) dated within the last 60 days	Salaried Applicants - Last 3 months’ bank statements of your salary account in PDF format showing salary credits OR Self-Employed Applicants - Last 3 months’ bank statements in PDF format if you are self-employed

Fees and Charges for a Personal Loan in Bhopal

Every loan applicant wants to avail a loan that is most affordable. Money View’s personal loans come with competitive interest rates and have no hidden charges whatsoever. Our fees and charges are -

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
Interest on Overdue EMIs	2% per month on the overdue EMI/Principal loan amount
Cheque Bounce	Rs.500/- each time
Loan Cancellation	No additional charges levied Processing fees will also be retained.

Why Opt for Personal Loan in Bhopal from Money View

Money View offers you the convenience of applying for an instant personal loan from the comfort of your home. Furthermore, you will enjoy the following benefits:

You can check your eligibility within just 2 minutes
The loan amount you can avail can be as low as Rs.5,000 and up to Rs.5,00,000.
People with a low credit score can also apply for a loan from Money View thanks to our unique in-house credit model.
You can get your loan amount within 24 hours of loan application approval
We believe in minimal documentation, hence we require only 3 documents from you
From loan application to approval, the process is 100% digital
You can enjoy flexible loan tenures and easy repayment options.

How to Apply for An Instant Personal Loan in Bhopal

Check Eligibility

Give us the required details and we will let you know your eligibility in 2 minutes

Select Loan Tenure

Based on the options provided, select the loan amount and repayment term of your choice

Upload Documents

Upload all of the necessary documents online for verification

Amount Disbursed

Post verification and submission of loan agreement, the loan amount will be credited to your account within 24 hours

Conclusion

Getting a personal loan in Bhopal has never been easier. These loans are provided at competitive rates and flexible repayment tenures. So what are you waiting for? Visit the Money View website or download the app and apply today.

Personal Loan in Bhopal - Related FAQs

What can I use Money View personal loans for? 1

Some of the reasons for which you can avail a personal loan in Bhopal from Money View are -

To buy household gadgets like fridge, washing machine, etc
To pay down-payment for another loan
To clear credit card dues
For house renovation expenses
Pay fee for college/school education
To pay for a vacation
To pay for the repair/breakdown of your vehicle
To meet wedding expenses
To meet expenses towards relocation
To buy an expensive gadget

Can I get an instant loan in Bhopal with a low CIBIL score?

At Money View, we use an in-house credit rating model to assess our applicant’s credit worthiness. As long as your CIBIL score is over 600, you can avail personal loans from us.

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Can I foreclose my personal loan?

Yes, you can foreclose your personal loan after a certain number of EMIs have been paid, as illustrated below -

Fees & Charges

Amount Chargeable

Foreclosure Charges

Nil but foreclosure can be done only after a minimum number of EMIs have been paid as illustrated below-

Tenure	Foreclosure
Up to 6 months	Not allowed
7 - 18 months	Allowed after 6 EMI payments
Over 18 months	Allowed after 12 EMI payments

Part- Prepayment Charges

Part-prepayment is not allowed

I am self-employed. Can I still get an instant loan in Bhopal?

Yes, we do lend to self-employed applicants. However, you must fulfill the eligibility criteria given below -

Your monthly in-hand income must be above Rs. 15,000 per month
Income must be credited to a bank account
You must be between 21 to 57 years old
You must have a CIBIL score of 600 and above or an Experian score of 650 and above

Will I get a loan if I get my salary in cash?

As of now, we only provide loans to applicants whose salary gets directly credited to their bank account. We are not providing loans to applicants who get their salaries in cash.