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Moneyview Instant Short Term Loan

Apply Moneyview Instant Short Term Loan

Processing Fee

2.0%

Max Tenure

3 – 60 months

Best Rate

1.8% p.m

View Details

Features

  • Easy and Intuitive mobile-only application
  • No human interface. Only four documents to upload in the application

Pricing

  • Interest rate
    • 16 % pa - 36% pa
  • Processing fee - 2 - 6% of loan amount + Service Tax

Documents Required

  • ID Proof - PAN Card/Aadhar Card
  • Address proof - Passport, Election Card, Driving License, Aadhar card, Utility Bill, Latest Postpaid Mobile Bill.
  • Income proof - Latest 3 months bank statement via PDF upload / netbanking
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About Moneyview Instant Short Term Loan

Personal loans are one of the easiest loan options available to the customers in the market. The purpose of the loan can be quite flexible. At the same time the documentation and eligibility for personal loans is also not as stringent as compared to business loans or housing loans etc. There are many options for customers to avail a short-term from either banks or non-banking financial institutions or micro finance institutions.

Money View is one of the popular NBFCs for customers to get an instant personal loan. The loan disbursal under Money View can be as quick as within 24 hours of application. The details of the instant short term loans of Money View are mentioned hereunder.

Eligibility for Money View Instant Short Term Loan

Money View provides instant personal loans up to Rs. 5,00,000 to salaried as well as self-employed persons For this purpose, it has set specific eligibility criteria for eligible applicants with regards to age, income threshold and credit score.

The details of the same are tabled below.

Category

Age Requirements

Income Requirement

City

Minimum Income Requirement

Credit Score

Salaried Applicants

Minimum Age – 21 Years

Maximum Age – 57 Years

Any city or town across the country 

Rs. 20,000

Between 1-299 or for those new to credit

Mumbai/Thane or the NCR region (Delhi, Noida, Gurgaon, Ghaziabad, Faridabad, etc.)

Rs. 20,000

Minimum credit score of 650/ 750 as applicable

Other Metro Cities (except Mumbai and NCR)

Rs. 15,000

Minimum Credit Score of 675

Any other city other than the above cities

Rs. 13,500

Minimum credit score of 650/ 750 as applicable

Self-Employed Applicants

Minimum Age – 21 Years

Maximum Age – 57 Years

Any city or town across the country

Rs. 25,000

Minimum credit score of 650/ 750 as applicable

Apart from the above eligibility criteria, the other important factor to be considered is the deposit of the income into a bank account. This implies that if a person qualifies to be an applicant based on the income level but does not have their income deposited in any bank account, such person will not be eligible for an instant short term loan of Money View.

Documents for Money View Instant Short Term Loan

Money View requires certain basic documents as part of the application process that can establish or verify the eligibility of the applicant according to the specifications of Money View. The list of documents that have to be submitted along with the duly filled application form for an instant short term of Money View is given below.

Identity Proof of the Applicant

The identity proof of the applicant requires a clear and correct mention of the date of the applicant in the format of dd/mm/yy. The applicant can submit any of the following documents as an identity proof

Aadhaar Card

Passport

PAN Card

Driving License

Voter ID

Address Proof of the Applicant

The address proof of the applicant to be submitted by the applicant has to mention the pin code and the current address of the applicant. Any of the following documents can be submitted as part of the address proof of the applicant.

Aadhaar Card

Passport

PAN Card

Driving License

Voter ID

Ration Card

Latest Utility Bills (within 60 days of application)

Income Proof of the Applicant

The income proof of the applicant will depend on the category of the applicant whether salaried or self-employed. The details of the same are mentioned below

Category

Document to be Submitted

Salaried Applicants

  • Latest Salary Slips (3 months) or,
  • Latest Bank Statement in PDF Format showing salary credit (3 months) 

Self-Employed Applicants

  • ITR for last 2 years or,
  • Latest Bank Statement in PDF Format (3 months)

Bank Passbook generated within last 60 days

Application Process for Money View Instant Short Term Loan

The entire process of loan application and disbursal is online for Money View Instant Short Term Loan. The customers can follow 4 simple steps to apply for the loan of Money View and get an instant disbursal of the same within 24 hours of application. Following is the procedure to be followed by the applicants for applying the instant short term loan of Money View.

  • The first step is to check the eligibility for the instant loans offered by Money View. The customers can check their eligibility easily by clicking on the link for the same at the website of Money View. The process for the same is instant and the eligibility can be determined within 2 minutes.
  • The next step is to select the amount to be applied for loan. The applicants can apply for any amount ranging from Rs. 10,000 to Rs. 5,00,000 depending upon their needs and repayment capacity.
  • Following this the customers have to fill in the application form and upload the required documents.
  • The loan amount will be disbursed to the applicant’s notified account number within 24 hours once the application form and the documents are duly verified.

Features and Benefits of Money View Instant Short Term Loan

The instant short term loans of Money View come with many features and benefits for the customers. The details for the same are mentioned below.

Quantum of Loan

The loans available under the instant short term loans of Money View can be as low as Rs. 10,000 up to Rs. 5,00,000. Customers can choose the amount of loan based on their requirement.

Tenure

Money View offers flexibility in repayment of the loan taken. Customers can pay the loan within the tenure ranging from 3 months to a maximum of 60 months or 5 years.

Interest Rate

The rate of interest offered by Money View is very affordable and reasonable as per market standards. The rate of interest on Money View Instant Short Term Loans varies from 1.33% per month to 2.5% per month depending on the amount of loans, credit score and the tenure of the loan.

Quick Disbursal

The loans of Money View are instantly disbursed upon receiving the application and the verification of the documents. Applicants can get the loan disbursed within 24 hours of application if the documents submitted are in order and the application is complete. This helps the applicants to get instant financial assistance to meet their personal needs.

Instant Eligibility Check

Money View offers the applicants instant eligibility checks in order to get the loan processed. Customers can check their eligibility by visiting the website of Money View and clicking on the link available for the same at the homepage.

Lower Credit Score

Most banks and financial institutions offer loans only if the credit score of the applicant is good. Money View on the other hand offers instant short term loans on credit scores as low as 600. Money View also offers credit to new customers or customers that are new to credit scores and may have credit scores between 1 and 299.

Digital Process

The entire loan process of Money View is digital. All the stages of instant short term loans of Money View are done digitally whether is checking the eligibility, loan application process as well as loan disbursal process. This ensures that the process is quick and hassle free and provides utmost convenience to the customers.

Fees and Other Charges for Money View Instant Short Term Loan

The list of fees and charges applicable to the instant short term loans of Money View is tabled below.

Loan Processing Charges

Ranging from 2% to 8% of the loan amount sanctioned

Interest on Overdue installment (EMI)

2% on the overdue installment (EMI) or the Principal Loan Amount

Cheque Bounce Charges

Rs. 500 per cheque bounced

Loan Cancellation Charges

No extra charge for loan cancellation. The interest for the period between loan disbursed and loan cancelled will be levied and Processing charges will not be refunded.

Part Payment of Loan and Prepayment of Loan

Money View does not allow part payment of loan

Loan can be foreclosed or prepaid only after completing 3 EMIs

FAQs - Money View Instant Short Term Loan

1. What is the rate of interest charged on overdue installment?

Money View charges interest at the rate of 2% on overdue installments.

2. What is the tenure of loans offered by Money View?

Money View provides instant short term loans for a period of minimum 3 months up to a maximum of 5 years (60 months)

3. What is the minimum duration after which a loan of Money View can be foreclosed?

Customer can foreclose the loan of Money View only after a minimum payment of 3 EMIs.

4. How can the customers contact Money View?

The customer care number of Money view that the customers can use to contact in case of any query or issue is 080 4569 2002. Customers can also email their queries on the following email ids

Query

Email Id

Loan Queries

loans[at]moneyview[dot]in

General Queries

feedback[at]moneyview[dot]in

Loan Payment Queries

payments[at]moneyview[dot]in

5. What is the maximum age of the person to be eligible for a loan from Money View?

The applicant can be maximum 57 years of age to be eligible for a loan from Money View.

Moneyview Instant Short Term Loan - Customer Reviews

4 / 5 (5348 Reviews)
12 Feb 2020

Thanks Passed my Lone

1 Feb 2020

Excellent

1 Feb 2020

Interested

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