Can CIBIL defaulters get instant loans in Chandigarh?

Having a high credit score is essential to avail personal loans at affordable rates and convenient terms. However, at Money View, we use a unique credit rating model that assesses an applicant’s creditworthiness on factors other than just his/her credit score. Therefore, even if the applicant was a CIBIL defaulter, as long as his/her CIBIL score is above 600, then a personal loan in Chandigarh from Money View can be availed.

What can I use my Money View personal loan for?

Our personal loans are extremely versatile. You can use Money View personal loans for a number of purposes such as - To fund a wedding For home-repairs For vacation To pay off credit card bills or build credit score To buy the latest gadget For a loan down payment To fund a business venture Medical expenses Education purposes

Where can I get a personal loan without income proof in Chandigarh?

It is not possible to avail personal loans without providing income proof as the lender needs to verify your repayment ability. However, at Money View we ensure that our customers have to provide just the minimum number of documents required and this includes - proof of identity, proof of address, and proof of income.

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

Currently we only provide loans to those individuals whose salary gets credited directly to their bank account. We will not be able to give loans to applicants who get their salaries in cash.

Personal Loan in Chandigarh - Loan Approval in 24 Hours

Are you looking for a personal loan in Chandigarh that is easy to avail and requires minimal documentation? You’ve come to the right place. Read on to know more.

Personal Loan Financer in Chandigarh

While there are multiple personal loan providers in Chandigarh, the best option would be Money View thanks to the advantageous features offered.

One of the most trusted personal loan providers in Chandigarh, Money View offers loans of upto Rs. 5 lakh with minimal documentation and a hassle-free application process.

Here’s Why You Should Opt for Money View Personal Loans in Chandigarh

Given below are the standout features of Money View loans -

Minimal Documentation

We require only three documents from you - ID proof, address proof, and income proof

No Collateral or Guarantor

There is no need for a guarantor or collateral for Money View personal loans

Instant Eligibility Check

Check your eligibility from the Money View website or loan app within just 2 minutes

Flexibility of Loan Amount and Repayment Term

Choose a loan amount of up to Rs. 5 lakhs and repayment term of up to 60 months based on your eligibility

Loans with Low Credit Score

Even if your credit score is low, thanks to Money View’s unique credit rating model, you can still avail a personal loan in Chandigarh from us

100% Paperless

Enjoy a complete online process, right from application to loan disbursal

24 Hour Disbursement

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

Eligibility Criteria for Personal Loans in Chandigarh

Here’s Money View’s simple eligibility criteria for personal loans in Chandigarh -

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 Personal Loans in Chandigarh

Given below are our minimal documentation requirements for personal loans in Chandigarh -

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, any 1 of the officially valid documents given below will suffice Aadhaar Card Valid Indian Passport Valid Voter ID Valid Driver’s License	Any 1 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 Personal Loans in Chandigarh

As one of the foremost personal loan providers in Chandigarh, we have ensured that our fees and charges are affordable without any hidden components -

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.

How to Apply for Personal Loans in Chandigarh

If you fulfill our eligibility criteria and have the necessary documents in place, you can follow the steps given below to apply easily -

Check your eligibility

Visit the Money View website or loan app. Provide the required details and we will let you know your eligibility in 2 minutes.

Select your loan plan

Depending on your eligibility, you will have to select the loan amount and repayment term of your choice

Provide required documents

Easily upload all of the necessary documents online for verification - completely digital and hassle-free

Instant Loan Disbursal

After all your documents are verified and your application is approved, the loan amount will be sent to your account within 24 hours

Note -

After your documents are verified, you will receive a NACH form which needs to be printed, signed, scanned, and sent back to Money View
This step will enable the auto-debit facility from your bank account and allow 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. Please submit the application after reviewing all the terms and conditions thoroughly

In Conclusion

Getting personal loans in Chandigarh is now easier than ever. Not only do our personal loans come with a flexible repayment schedule, they are also easy to avail and disbursed within 24 hours of application approval. So what are you waiting for? Visit the Money View website or download the loan app and apply now.

Personal Loan in Chandigarh

Avail Instant Loans in Chandigarh up to Rs. 5 Lakh