Personal Loan In Mumbai

Q: 1. Can Those With Low CIBIL Score Avail Personal Loans In Mumbai From Money View?

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.

Q: 2. How Can I Track My Money View Application Status?

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 websiteGo to the login section on the website by clicking here: /apply-loan/signupLogin into your loan account with your registered email IDGo to the ‘Dashboard’ section of your loan accountScroll down to the ‘Application Status’ tab to know the status of your loan applicationIf you’ve applied on the Money View appOpen the Money View appRegister yourself with a valid email ID if you haven’t done it yetHead over to the ‘Loans’ sectionYou will then be automatically redirected to the ‘Application Status’ screen where you can check your application detailsIf you have the Money View Loans app, you’ll be directed to the ‘Application Status’ screen automatically as soon as you open it

Q: 3. What Can I Use My Money View Personal Loan For?

Ans: Money View personal loans are extremely versatile. You can use them for the following purposes, for example -Emergency ExpensesDebt ConsolidationTo Repay Credit Card DuesBusiness VenturesHome RemodelingDream VacationsFund EducationBuy a GadgetDown Payment of other LoansServicing or Modifying your vehicle

Q: 4. Can I Foreclose My Money View Personal Loan In Mumbai?

Ans: Yes, you can foreclose your Money View loan but only after paying a minimum of 6 EMIs -Fees ChargesAmount ChargeableForeclosure ChargesNil but foreclosure can be done only after a minimum number of EMIs have been paid as illustrated below-TenureForeclosureUp to 6 monthsNot allowed7 - 18 monthsAllowed after 6 EMI paymentsOver 18 monthsAllowed after 12 EMI paymentsPart- Prepayment ChargesPart-prepayment is not allowed

Q: 5. Is There An Option For Part-Prepayment Of A Personal Loan?

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

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

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.

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

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

Personal Loan in Mumbai - Related FAQs

1. Can Those With Low CIBIL Score Avail Personal Loans In Mumbai From Money View?

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.

2. How Can I Track My Money View Application Status?

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

3. What Can I Use My Money View Personal Loan For?

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

4. Can I Foreclose My Money View Personal Loan In Mumbai?

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

Fees & Charges

Amount Chargeable

Foreclosure Charges

Nil but foreclosure can be done only after a minimum number of EMIs have been paid as illustrated below-

Tenure	Foreclosure
Up to 6 months	Not allowed
7 - 18 months	Allowed after 6 EMI payments
Over 18 months	Allowed after 12 EMI payments

Part- Prepayment Charges

Part-prepayment is not allowed

5. Is There An Option For Part-Prepayment Of A Personal Loan?

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

Get Affordable Personal Loans of upto Rs. 5 Lakhs Easily

Top Features and Benefits of Personal Loan

Table of Contents

Eligibility Criteria for Money View Personal Loans in Mumbai

Documents Required for Money View Personal Loans in Mumbai

Fees and Charges for a Personal Loan in Mumbai

How to Apply for An Instant Personal Loan in Mumbai

Loan EMI Calculators

Calculate Your EMI

Conclusion

Personal Loan in Mumbai - Related FAQs

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