Top Features and Benefits of Personal Loan
Flexible Loan Amount
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
Mumbai is not a city, but an emotion. A thriving financial hub and home to India’s biggest film industry, Mumbai is called the city of dreams for a reason. However, this is also one of the most expensive cities in the world so if you’re from Mumbai and need some financial help, you’ve come to the right place.
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)
|
Any 1 of the following -
|
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 |
|
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
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
While most banks and lenders require applicants to have a CIBIL score of 750 and above, Moneyview 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.
Moneyview 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
No, you cannot part-prepay your personal loan amount.
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