Money View offers an easy and fast process for obtaining personal loans. With flexible terms and low interest rates, it’s one of the most convenient options available. Here's a step-by-step guide to help you get a loan from Money View. A personal loan is one of the simplest loan options available to customers in the market. It can be used for various purposes, making it very flexible. Additionally, personal loan documentation and eligibility requirements are usually less strict than business or home loans.
How to take Loan from Money View?
- Download the Money View App from the Google Play Store. Once installed, open the app to begin the loan application process.
- Create an account using your mobile number and follow the verification steps. If you're already a registered user, simply login to your account.
- To check if you're eligible for a loan, provide basic information such as your PAN card number and income details. The app will quickly determine your eligibility in just a few minutes.
- Once you’re eligible, you can select the loan amount, which ranges from ₹1,000 to ₹5,00,000. Also, choose the loan repayment tenure, which can go up to 5 years.
- Upload your KYC documents digitally. Usually, your PAN card will suffice, but additional documents may be requested for proof of address and income.
- After submitting the documents, Money View will review your application. Upon approval, the loan amount will be directly disbursed into your bank account within 24 hours.
Eligibility Criteria for Money View Loan:
To apply for a loan, you need to meet the following criteria:
- Employment: Salaried or self-employed
- Monthly Income: Minimum of ₹13,500 in-hand salary
- Bank Account: Your salary should be directly credited to your bank account
- Credit Score: Minimum CIBIL score of 600 or Experian score of 650
- Age: Between 21 to 57 years
- Income and credit score requirements may vary based on your city of residence.
Loan Features and Interest Rates:
- Loan Amount: ₹1,000 to ₹5,00,000
- Interest Rate: Starting at 1.33% per month
- Processing Fee: Minimum 2% of the loan amount
- Repayment Tenure: Up to 5 years
- Late EMI Charges: 2% per month on overdue amounts
To apply for a loan, you need to submit the following documents:
- PAN Card (Primary ID)
- Proof of Address (Aadhar Card, Passport, Voter ID, or Utility Bill)
- Bank Statements (Last 3 months' statement in PDF format showing salary credits)
Following these steps, you can easily apply for a personal loan through the Money View app and receive funds in just 24 hours, making it a simple and reliable option for short-term financial needs.