Personal Loan in Chennai - Loan Approval in 2 Hours

Why to Choose Money View Personal Loan in Chennai

Flexible Loan Amount

Choose a loan amount of up to Rs. 5 lakhs based on your eligibility

24 Hour Disbursement

Once your loan application is approved, your loan amount will be sent to you within just 24 hours

Minimal Documentation

We require just 3 documents - ID proof, address proof, and income proof

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

100% Online

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

Flexible Repayment Term

Choose the repayment term of 3 months up to 60 months

Loans on Low Credit Score

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

Instant Eligibility Check

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

Eligibility Criteria for Personal Loans in Chennai

Given below is Moneyview’s instant eligibility criteria for personal loans in Chennai -

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 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
Self-Employed Individuals	Rs. 15,000	Any	CIBIL Score of 600 /Experian Score of 650 and above

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 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

Self-Employed Individuals

Rs. 15,000

Any

CIBIL Score of 600 /Experian Score of 650 and above

Documents Required For Personal Loans in Chennai

Given below are the documents required to avail personal loans in Chennai

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

Personal Loan Interest Rates and Other Charges

Moneyview 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.

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.

How to Apply for Personal Loans in Chennai

Check Eligibility

Visit the Money View website or download the app. Provide the required details and find out your eligibility in 2 minutes

Select Loan Tenure

Select the loan amount and repayment term of your choice depending on your eligibility

Upload Documents

Upload the required documents online easily and effortlessly

Amount Disbursed

After your documents are verified and loan agreement is submitted, the loan amount will be credited to your bank account within 24 hours

Personal Loans in Chennai - Related FAQs

1. What Are The Fees And Charges Applicable For Moneyview Personal Loans In Chennai?

Moneyview personal loans are provided at competitive rates, for more details you can check here.

2. Can CIBIL Defaulters Get Instant Loans In Chennai?

Having a high credit score is essential to avail personal loans at affordable rates and convenient terms. However, at Moneyview, we use an in-house 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 Chennai from Moneyview can be availed.

3. 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.

4. How Many Photocopies Of My Documents Should I Submit?

To process loans at Moneyview, we do not require any hard copies or photocopies of your documents. All you need to do is upload approved copies of your Identity, Address, and Income Proof.

Personal Loans in Chennai

Apply for a Personal Loan up to 5 Lakhs in Chennai

Why to Choose Money View Personal Loan in Chennai

Table of Contents

Eligibility Criteria for Personal Loans in Chennai

Documents Required For Personal Loans in Chennai

Personal Loan Interest Rates and Other Charges

How to Apply for Personal Loans in Chennai

Loan EMI Calculators

Calculate Your EMI

Conclusion

Personal Loans in Chennai - Related FAQs

INTERLINKS

Thank you for your interest!