Personal Loan in Vadodara

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If you are looking for an instant personal loan in Vadodara then you have come to the right place. Continue reading to know more.

Money View - The Best Option for Personal Loan in Vadodara

While there are many lenders available in the market today not all provide the benefits that Money View offers. Minimal documentation, hassle-free application process, and instant disbursement all make Money View the best choice for a personal loan.

How to Get a Money View Personal Loan in Vadodara

Follow the steps given below to get an instant personal loan from Money View -

Check your eligibility

Visit the Money View website or download the app. Provide the required details and find out your eligibility in 2 minutes

Choose your loan plan

Select the loan amount and repayment term of your choice based on the options provided

Provide necessary documents

Upload the required documents online easily and effortlessly

Avail loan instantly

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

Note -

  • Once your documents are verified, you will receive a NACH form which needs to be printed, signed, scanned, and sent back to  us

  • This step will enable the auto-debit facility from your bank account and allow you to pay your EMIs on time automatically without any manual intervention.

  • On receiving your NACH form, you will need to review the loan agreement on the app. Please submit the application after reviewing all the terms and conditions thoroughly

Eligibility Criteria for a Personal Loan in Vadodara

In order to avail an instant personal loan from Money View, you will have to fulfill the eligibility criteria given below -

  • Applicants must be between 21 years and 57 years

  • Applicants must receive an income of Rs. 13,500 or more*

  • Income must be credited directly to the applicants’ bank account

  • Credit score must be a minimum CIBIL score of 600 or minimum Experian score of 650

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 a Personal Loan in Vadodara

In order to get a personal loan in Vadodara from Money View, you need only 3 key documents, as listed below -

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, anyone of the officially valid documents given below will suffice

  • Aadhaar Card

  • Valid Indian Passport

  • Valid Voter ID

  • Valid Driver’s License

Anyone 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 Vadodara

Money View’s personal loans come with competitive interest rates and have no hidden charges whatsoever. Our fees and charges are as follows -

Fees and 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

  • The interest amount for the period between loan disbursement and loan cancellation will be payable.

  • Processing fees will also be retained.

In Conclusion

Availing a personal loan in Vadodara does not have to be complicated. With Money View you can avail a versatile personal loan that can be used for multiple purposes very easily. 


Not only are the documentation requirements minimal, the application process is quick and hassle-free. Log on the Money View website or download the app and apply now!

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Frequently Asked Questions (FAQs)

Some of the reasons for which you can avail a personal loan from Money View are -

  • To buy household gadgets like fridge, washing machine, etc

  • To pay down-payment for another loan

  • To clear credit card dues

  • For house renovation expenses

  • Pay fee for college/school education

  • To pay for a vacation

  • To pay for the repair/breakdown of your vehicle

  • To meet wedding expenses 

  • To meet expenses towards relocation

At Money View, we use an in-house credit rating model to assess our applicant’s credit worthiness. As long as your CIBIL score is over 600, you can avail personal loans from us.

Yes, you can foreclose your personal loan after a certain number of EMIs have been paid, as illustrated below -

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

Yes, we do lend to self-employed applicants. However, you must fulfill the eligibility criteria given below -

  • Your monthly in-hand income must be above Rs. 15,000 per month
  • Income must be credited to a bank account
  • You must be between 21 to 57 years old
  • You must have a CIBIL score of 600 and above or an Experian score of 650 and above

As of now, we only provide loans to applicants whose salary gets directly credited to their bank account. We are not providing loans to applicants who get their salaries in cash.

Given below are the factors that impact Money View’s interest rates -

  • Credit Score

The higher the credit score, the lower is the risk of defaulting for the lender therefore interest rates are on the lower side. 

  • Repayment History

Having a flawless repayment history will help you get personal loans at low-interest rates as this shows the lender that you are capable of repaying your debts on time

  • Employment Type

Having a steady secured job will reduce the risk of defaulting on loans as salary is credited regularly and therefore those with secure jobs can generally avail of personal loans at lower rates of interest

  • Income

Having a good income every month is essential but if you have taken multiple loans that need to be paid from that income, then the risk of default is high, therefore the interest rate charged in this case will be on the higher side

At Money View, we use an in-house credit rating model to assess our applicant’s credit worthiness. As long as your CIBIL score is over 600, you can avail personal loans from us.

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