Personal loans are disbursed based on criteria such as income, credit score, repayment capacity, etc. Due to the fact that these are unsecured loans i.e. do not require collateral, the interest rate on personal loans is on the higher side. These loans are quite easily available throughout the country and through MoneyView, you can easily avail a personal loan in Kochi.
Salient Features and Benefits of MoneyView Personal Loans in Kochi
MoneyView is one of the most sought after and trusted providers of loans in Kochi. Take a look at some of the features and benefits of personal loans from MoneyView:
- Customers have full freedom to decide the loan amount they wish to avail. Any amount between Rs.5, 000 and Rs.5, 00,000 can be borrowed based on their eligibility.
- MoneyView’s eligibility check is easy and takes just under 2 minutes. The calculations will be taken care of by us and applicants will only have to provide a few basic details
- MoneyView’s flexible repayment plans allow applicants to decide their own repayment tenure that can stretch up to 60 months or 5 years.
- The entire process is paperless and once approved, the loan amount will be credited within a period of 24 hours
How to Get Personal Loans in Kochi with Low Credit Scores
Maintaining a high credit score is of the utmost importance as doing so will ensure that one can avail of a loan at lower rates of interest and a lot more easily as well. However, this is not an easy process and sometimes slip-ups do occur. This does not mean that individuals cannot avail of personal loans at all. While building one’s credit score is highly recommended, personal loans can still be availed with a lower credit score as well. MoneyView uses its own credit model that has been designed by experts and makes use of a unique algorithm and therefore creditworthiness of an individual is decided differently. However, individuals must have a minimum CIBIL score of 650 or a minimum Experian Score of 750 which is much lower than what most banks charge.
Interest Rates and Other Charges for MoneyView Personal Loans in Kochi
Interest rates and all other charges have been decided to keep in mind the comfort and financial growth of customers. Additionally, there are no hidden charges as well. Take a look at the fees and charges that have been put forth by MoneyView.
Eligibility Criteria for MoneyView Personal Loans in Kochi
The biggest advantage of personal loans is the fact that it can be used for a variety of needs, especially emergencies. Keeping this in mind, the eligibility criteria for MoneyView personal loans are uncomplicated. The table below provides the income and credit score eligibility criteria.
Additionally, applicants must be between the ages of 21 and 75 years and their income must be credited to their bank account.
Documents Required for Availing a MoneyView Instant Personal Loan in Kochi
MoneyView does not believe in extensive and complicated documentation processes. The documents required are as follows:
- ID Proof
An original identity proof that is government issued and clearly displays the date of birth is allowed. Certain examples are Aadhaar Card, Voter ID, Driver’s License (not expired) or PAN card.
- Address Proof
An original document that has been issued by the Government of India that displays the current address of the applicant can be submitted. These include an Aadhaar card, Utility bills such as electricity, telephone, etc., Ration Card, Voter ID, Bank Statement, etc. Applicants must note that utility bills and bank statements are only accepted if they have been generated within the past 60 days.
- Income Proof
For salaried individuals, the previous three months’ salary slips that showcase important details such as the name of the employer or the past three months’ bank statements in PDF format showing salary credits are valid.
How to Apply for MoneyView Personal Loan
MoneyView is known for having one of the quickest and easiest application processes in the market today and consists of just 4 steps.
- Step 1 - Check Eligibility
We have a very simple eligibility process in place. Customers will have to fill in the necessary details after which they can find out if they are eligible within just two minutes.
- Step 2 - Select Plan
Customers have the option of choosing a plan that is most suited for their needs and requirements. Any amount between Rs. 5, 000 to Rs. 5, 00, 000 can be selected along with a repayment term of up to 5 years or 60 months.
- Step 3 - Upload Documents
Once the above steps have been completed, customers will have to give the relevant personal details and upload all the information necessary directly to the app or the website.
- Step 4 - Avail the Loan
And voila! After all the documents have been approved, the loan amount will get disbursed directly to the customer’s bank account within a period of 24 hours.
Tracking one’s application on MoneyView is very simple. The steps given below will have to be followed for the same. If customers have applied through the MoneyView website:
- Customers must open the website and click on ‘Login’ to login or signup by creating an account
- They must then login to the account with their registered email ID
- Next step is to click on ‘Dashboard’, scroll down and select ‘Application Status’ to find out the status of their personal loan application
If customers have applied through the MoneyView app:
- Applicants must open the MoneyView app and register their account with their email ID.
- They must then click on ‘Loans’ and will be automatically directed to the ‘Application Status’ section
- Users of the MoneyView Loans application will be taken to the ‘Application Status’ screen as soon as the app is opened
While there are multiple providers of personal loans in Kochi, MoneyView stands out because they provide loans easily without unnecessary hassles, hidden charges, and stress. Some of the benefits include:
- Simple and Quick Eligibility Check
Going through the entire process of applying for a loan only to be rejected is a painful process. Which is why, MoneyView provides a 2-minute eligibility check for all customers
- Paperless Process
Wasting paper by printing out multiple copies of documents is all in the past. The entire process of applying for and availing a personal loan through MoneyView is a paperless process and all steps can be completed online
- In-house Credit Scoring Model
MoneyView has its own unique credit scoring model that makes use of advanced algorithms to help determine an individual’s creditworthiness. Therefore, even those with relatively lower credit scores can procure a personal loan
- Available Pan India
Personal loans from MoneyView can be availed not just in Kochi but across the country Personal loans are one of the most popular loans available in the market today due to ease of procurement as well as their versatility. With MoneyView, individuals can enjoy a quick and hassle-free application process and an even faster disbursal process.