हिंदी में पढ़े
Money View offers personal loan amounts of up to Rs. 5 lakh at an attractive interest rate starting as low as 1.33% per month. Money View Personal Loans come with a flexible repayment tenure ranging upto 60 months, can be easily availed online and involve minimal paperwork. The following are the details of key documents required to avail a personal loan from Money View.
Money View Personal Loan Documents Required
The following are the documents that are needed to avail a Money View personal loan:
- Proof of Identity: Valid Driver’s License/ Voter ID/ PAN Card/ Aadhaar / Passport (Any one)
- Proof of Address: Aadhaar/ Voter ID Card/ Recent Utility Bills like telephone, electricity, etc./ Ration Card/ Passbook/Bank Statement (Utility bills and Bank statements should be generated within the last 60 days only)
- Proof of Income:
- Self-employed Individuals: Last 3 months’ Bank Statement/ Previous 2 years’ Income Tax Returns (giving key details, including tax paid details)
- Salaried Individuals: Last 3 months’ Bank Statement showing salary credits/ Salary slips of the last 3 months (giving key details, including your employer’s name)
Important Aspects
The following tips could help you increase your chances of approval for a Money View personal loan:
- Maintain high credit score- Building and maintaining a good credit score (usually 750 or higher) indicates a higher credit-worthiness, responsible credit behaviour and lower risk of default for the lender and thus, helps increase the chances of approval for a personal loan.
- Knowledge of the lender’s eligibility criteria- Knowing and meeting the lender’s eligibility criteria enables you to secure a personal loan more easily
- Secure job and stable history of employment- Having a steady job and stable employment history indicates personal and financial stability and a lower risk of defaulting on repayments and thus, enables you to secure a personal loan more easily.
- Avoid submitting multiple loan applications/enquiries simultaneously- Never submit multiple loan applications/enquiries with various awlenders simultaneously. This shows you to be credit-hungry and also increases the number of hard enquiries for your credit report. This adversely affects your credit score and thus, decreases the chances of approval of your personal loan.
- Keep credit utilization ratio low- Credit utilization ratio is the ratio of the amount of credit that you avail to the credit limit available to you. Maintaining a low credit utilization ratio (usually 30% or lower) enables you to avail additional credit more easily as it indicates a lower dependence on credit and higher repayment capacity.
FAQs
Q1. What is Money View Personal Loan interest rate per annum?
Money View Personal Loan interest rate starts at 16% p.a. However, specific interest rate applicable to a borrower depends upon applicant profile, loan amount, tenure desired, etc.
Q2. Who can avail a personal loan from Money View?
All salaried as well as self-employed individuals can avail a personal loan from Money View, provided they meet the lender’s eligibility criteria.
Q3. What is the tenure option available on Money View personal loans?
You can repay your Money View Personal Loan within a tenure ranging between 12 to 60 months.
Q4. What is the minimum and maximum loan amount available on a Money View Personal Loan?
You can avail a personal loan ranging between Rs. 10,000 to Rs. 5 lakh from Money View.
Q5. How long does Money View take to disburse its personal loans?
Once all the necessary documents are received and found to be in order, your loan application is approved. Money View typically disburses the loan amount to your account with 24 hours of loan approval.
Q6. Is collateral/security required to avail a personal loan from Money View?
No. Collateral/security is not required to avail a Money View Personal Loan.
Q7. How can I apply for a Money View Personal Loan?
Money View has a completely paperless and digital process. From personal loan application to the repayment of the loan, the whole process is carried out online using the lender’s official website or the Money View app.