How Does The Money View App Work?
You can get a Money View Instant loan through the Money View app by following the steps below.
Initiate the process:
Open the Money View loans app. Click on ‘Get Started’ to commence the process.
Enable some access permissions:
To the mobile app, such as access to location details, SMS data, device information, etc. The app then asks you to enter the e-mail address and mobile number to identify the user.
Giving Essential Details:
The user needs to provide some basic details including employment type, i.e. salaried or self-employed.
Computation of the loan amount eligibility:
Once both the details are entered, the system will calculate the loan amount eligibility and show the same on the screen instantly.
Customizing the Loan:
According to the loan amount eligibility, the user is shown a loan plan selector. You have to select the exact loan amount, loan term, and the EMI amount.
Completing the application:
This step aims to capture all the necessary information required to fetch the credit report of the applicant including name, address, date of birth, details about employment, purpose of the loan, and Permanent Account Number (PAN), etc.
KYC Details :
After the above information has been entered by the user, the user has to upload the ID proof and KYC documents.
Bank details authentication:
The user should enter the bank details, which will help the app to validate the account to which the amount has to be disbursed. The app will transfer the loan amount to your salary account if you are a salaried individual.
Confirmation of details:
Once all the details are entered, the MoneyView app displays all the information finally once for confirmation.
Application submission:
The app asks for the One Time Password (OTP) to verify the mobile number of the user. Post ascertaining the mobile number of the user successfully, the application gets submitted.
Processing the Loan Application :
At the backend, the MoneyView loans team verifies the loan application. It typically takes one working day if all the documents are properly submitted.