In this economy, it is always wise to have some extra funds at hand for unprecedented emergencies. Often, our salaries might fall short when in need. However, there are ways to easily secure credit without any hassle.
Personal loans for salaried employees have become easier than ever to avail thanks to moneyview. Here’s how salaried employees can get an instant personal loan in minutes at competitive rates and minimal documentation.
Personal Loan Eligibility Criteria for Salaried Employees
Before getting into the process of the loan application, it is necessary to understand and analyze the eligibility criteria of the loan.
Our basic eligibility criteria are -
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The applicant must be salaried or self-employed
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A monthly in-hand income of ₹13,500 or more is required
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This Income should be received directly in a bank account
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A minimum CIBIL score and Experian score of 650 is necessary
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The borrower should be aged between 21 years and 57 years
Documents Required for Salaried Employees
After fulfilling the necessary eligibility requirements, you must ensure you have all the documents required for the loan application.
At moneyview, our documentation requirements are very minimal. All you will have to submit is
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Your PAN number
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A mobile number that is linked to your Aadhaar card for KYC verification
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A clear selfie taken in a well-lit area
Note:
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The documentation requirements vary depending on your borrower profile. We may additionally require proof of address, bank statement, and other supporting documents.
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You need to use the NACH mandate to enable an auto-debit feature from your bank account to guarantee that all loan EMIs are paid back on time.
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You must download, print, sign, and email the NACH mandate to us.
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We then examine your loan agreement, which is attached with proof of your identity and address.
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The first eight digits of your Aadhaar Card will be hidden if it is one of these attachments.
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After that, you will get an OTP on your registered number, which you must enter to submit the loan agreement.
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Only after completing this step will your loan be disbursed.
Personal Loan Interest Rate and Other Charges for Salaried Employees
moneyview provides instant personal loans for salaried employees at competitive interest rates. Our fee structure is transparent without any hidden costs as shown below-
Moneyview Instant Personal Loan Foreclose Charges For Salaried Professionals
In case of foreclosure, you can foreclose your instant personal loan only after a certain number of EMIs have been paid, as explained below -
