Ludhiana is the most populous and largest city in the state of Punjab. Ludhiana is well-known for its textile industry and is known as the Manchester of India. The city is home to many industries and manufacturing units.

The city is well-known for products like cycles, sewing machines, woolen clothes, automobile spare parts, etc. It has been ranked as one of the easiest cities in India for business according to the World Bank.

If you live in Ludhiana and require immediate financial assistance, you can easily obtain a personal loan from moneyview.

moneyview, one of the country's leading loan providers, offers versatile personal loans of up to Rs. 5 lakh with flexible repayment options of up to 60 months.

Personal Loan Interest Rates and Other Charges in Ludhiana



Interest Rate

Starting from 1.33% per month

Loan Processing Charges

Between 2% to 8% of the approved loan amount

Loan Cancellation

No additional charges levied

Processing fees will also be retained.

Interest on Overdue EMIs

2% per month on the overdue EMI/Principal loan amount

Part/Full Payment of the Loan (Loan Foreclosure)

Part payments are not allowed.

Foreclosure is permitted after a minimum of three EMIs.

Cheque Bounce

Rs.500 will be deducted each time

Eligibility Criteria to Apply for Money View Personal Loans in Ludhiana

To be eligible for an instant personal loan in Ludhiana from moneyview, you must meet the following criteria:

Income and Credit Score Eligibility Criteria

Salaried Individuals

Minimum In-Hand Income (in Rupees)

Area of Residence

CIBIL Credit Score Requirement



CIBIL Score of 600 /Experian Score of 650 and above


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


Metropolis other than Mumbai and NCR

CIBIL Score of 600 /Experian Score of 650 and above

Self-Employed Individuals



CIBIL Score of 600 /Experian Score of 650 and above

Documents Required for Personal Loans in Ludhiana

Our documentation requirements are minimal. We will only require the following -

You will also have to enable the auto-debit facility from your bank account. This is a quick process where you can use a debit card, net banking, or NACH form.

The auto-debit facility will help you pay your EMIs automatically every month without the need for manual intervention. 

Steps to Apply for an Instant Personal Loan in Ludhiana

Follow the steps below while applying for a moneyview Personal Loan in Ludhiana -

Visit the moneyview website or download the app and provide the necessary information. We will let you know your eligibility in 2 minutes.

Choose the loan amount and repayment term based on the options offered.

You can easily upload the necessary documents online.

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


Emergencies and financial needs can occur at any time, and if your income is insufficient, a personal loan can be extremely beneficial. An instant loan is beneficial as it can be availed within 24 hours of loan approval. To apply, simply go to the moneyview website or download the app.

Personal Loan In Ludhiana - FAQs

At this point in time, we only give loans to those individuals who get their salary via bank transfer – directly from their employer. We will not be able to give loans to those individuals who get their salaries in cash.

As we follow a completely digital process, we will not be in a position to accept your documents by email. We have made our application process simple enough for everyone to follow. If you are still getting errors while uploading your documents, you can send a screenshot of the problem to

To begin with, you’ll need to register yourself for the internet banking facility with your bank. Once you have a valid ID and a password, log in to your account and look for the option to download a pdf version of your account statement.

We allow loan tenures anywhere between 6 months to 60 months. You can choose the tenure that is most suitable to your needs based on the options provided.

Yes, there will be a credit report inquiry made whenever you borrow from moneyview. This will only be made after you submit the loan application.

NACH stands for National Automated Clearing House (NACH). It is a centralised system that’s similar to ECS. It was launched with the aim of merging multiple ECS systems running across the country and to introduce higher efficiency. It has replaced ECS for auto-debit transactions in India and has been operational since May 2016.

moneyview's Line of Credit is a flexible form of personal financing that’s given to you based on your overall credit rating. It allows you to spend up to an approved credit limit and repay it later at your convenience.


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