Avail Affordable Loans within 24 Hours Easily

Instant personal loans are beneficial if you are looking for urgent financial help. In order to avail a personal loan in Coimbatore, you will just need to follow a few simple steps.

Personal Loan from Private Finance in Coimbatore

One of the leading loan providers in the country, Money View offers versatile personal loans of upto Rs. 5 lakh with flexible repayment options of upto 60 months.

Applicants who meet the eligibility criteria can avail instant loans easily through a hassle-free application process.

How to Avail a Personal Loan in Coimbatore from Money View

Just follow the simple steps given below to instantly receive a personal loan in Coimbatore from Money View -

  1. Check your eligibility
    Visit the Money View website or download the app, provide all the necessary details, and we will let you know your eligibility in just 2 minutes

  2. Choose your loan plan
    Based on the options given, you will have to select the loan amount and repayment term of your choice

  3. Provide documents
    Easily upload all of the necessary documents online for verification

  4. 24 hour loan disbursal
    After your documents are verified and loan agreement is submitted, the loan amount will be credited to your bank account within 24 hours

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 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

Eligibility Criteria for a Personal Loan in Coimbatore

Here’s our easy eligibility criteria -

  • Applicants must be between 21 years and 57 years

  • Applicants must receive a monthly 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 Needed for a Personal Loan in Coimbatore

Given below are Money View’s minimal documentation requirements -

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 

Fees and Charges for a Personal Loan in Coimbatore

Affordable loans are extremely important which is why our fees and charges are economical without any hidden charges -

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.

In Conclusion

Emergencies and monetary requirements can strike at any time and if your income is not enough, a personal loan is definitely helpful. An instant loan is beneficial as it can be availed within 24 hours of loan approval. All you need to do is visit the Money View website or download the app and apply.

Personal Loan in Coimbatore - Related FAQs

Money View provides a number of unique advantages that are not provided by other lenders. These include -

  • Flexible Loan Amount and Repayment Tenure

Money View offers personal loans of up to Rs. 5 lakhs and a repayment term of upto 60 months. So you can opt for what suits your requirements the best

  • Low Interest Rates 

We understand how important affordable personal loans are. Therefore, Money View interest rates start at 1.33% p.m.

  • 24 Hour Loan Disbursal

Our personal loan is disbursed to your bank account within 24 business hours after the approval.

  • Hassle-free Online Process

You can apply for a personal loan from Money View at any time from anywhere. No more travelling to a bank and waiting for days

  • Available Even For Applicants with Low-Credit Scores 

Money View provides personal loans to anyone with a CIBIL score of 600 or Experian score of 650 and above. We have our own in-house credit model that helps us assess the creditworthiness of our customers

Yes, you can foreclose your Money View loan but only after paying a minimum of 6 EMIs -

Fees & ChargesAmount Chargeable
Foreclosure ChargesNil but foreclosure can be done only after a minimum number of EMIs have been paid as illustrated below-
TenureForeclosure
Up to 6 monthsNot allowed
7 - 18 monthsAllowed after 6 EMI payments
Over 18 monthsAllowed after 12 EMI payments
Part- Prepayment ChargesPart-prepayment is not allowed

Unlike other lenders, Money View uses a unique algorithm to deduce an applicant’s creditworthiness. Therefore, even if your credit scores are low you can still avail a loan as long as you have a minimum CIBIL score of 600 or minimum Experian score of 650.

Once you have submitted an application, you can track your application status on our app or website by following the steps below -

A) If you’ve applied on our website

  • Go to the login section on the website by clicking here: /apply-loan/signup

  • Login into your loan account with your registered email ID

  • Go to the ‘Dashboard’ section of your loan account

  • Scroll down to the ‘Application Status’ tab to know the status of your loan application

B) If you’ve applied on the Money View app

  • Open the Money View app

  • Register yourself with a valid email ID if you haven’t done it yet

  • Head over to the ‘Loans’ section

  • You will then be automatically redirected to the ‘Application Status’ screen where you can check your application details

  • If you have the Money View Loans app, you’ll be directed to the ‘Application Status’ screen automatically as soon as you open it

Money View personal loans are extremely versatile. You can use them for the following purposes, for example -

  • Emergency Expenses

  • Dream Vacations

  • Debt Consolidation

  • To Repay Credit Card Dues

  • Business Ventures

  • Down Payment of other Loans

  • Servicing or Modifying your vehicle

  • Home Remodeling

  • Buy a Gadget

  • Fund Education

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