Top Features and Benefits of Personal Loan

Fully-Personalised

Money View offers personal loans starting of 5,000 up to Rs. 5 lakhs

Instant Eligibility Check

Before applying for the loan, applicants can visit the Money View website or download the app to check their eligibility which will only take 2 minutes

Collateral Free Loans

To apply for a personal loan through Money View, you don’t have to pledge any asset or arrange for a guarantor

Affordable Interest Rates

Our interest rates start at an attractive 1.33% per month

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

Flexible Repayment Term

Choose a flexible repayment term starting of 3 months up to 60 months

Loans on Low Credit Score

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

24 Hour Loan Disbursal

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

Personal loans in Mumbai are now extremely easy to avail while being affordable thanks to Money View. Read on to find out how to apply for these loans.

Affordable. Minimal documentation. Hassle-free application. Flexible repayment. All of this and more in one personal loan. Presenting Money View personal loans which come with a range of benefits that are beneficial to all our customers. Let us find out the eligibility criteria and how to apply for one.

Table of Contents

Eligibility Criteria for Money View Personal Loans in Mumbai

Fulfill the eligibility criteria given below to avail Money View online personal loans in Mumbai -

  • Applicants must have a minimum In-hand income of Rs. 15,000 per month
  • Income must be directly credited to the applicants’ bank account
  • A minimum CIBIL score of 600 or more or Experian score 650 or more
  • Applicants must be between the ages of 21 years and 57 years

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 Money View Personal Loans in Mumbai

We believe in minimal documentation which is why we only need 3 documents from you -

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 a Personal Loan in Mumbai

We understand how important affordable loans are. Take a look at our advantageous fees and charges below -

Fees & 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 An Instant Personal Loan in Mumbai

Check 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

Select Loan Tenure

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

Upload Documents

Easily upload all of the necessary documents online for verification

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

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Conclusion

Online personal loans in Mumbai are now easy to avail thanks to Money View. The hassle-free, user-friendly process is one of the reasons for Money View’s popularity. This loan is available across India and can be availed from the comfort of your homes. Visit the Money View website or download the app to apply today.

Personal Loan in Mumbai - Related FAQs

Ans: While most banks and lenders require applicants to have a CIBIL score of 750 and above, Money View uses a unique algorithm to understand a borrower’s creditworthiness. Therefore even those with relatively low credit scores can avail personal loans from Money View. However, a minimum CIBIL score of 600 and above or a minimum Experian score of 650 and above is necessary.

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

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

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

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

  • Emergency Expenses
  • Debt Consolidation
  • To Repay Credit Card Dues
  • Business Ventures
  • Home Remodeling
  • Dream Vacations
  • Fund Education
  • Buy a Gadget
  • Down Payment of other Loans
  • Servicing or Modifying your vehicle

Ans: 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

Ans: No, you cannot part-prepay your personal loan amount.

INTERLINKS

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