Money View Personal Loan

Money View Personal Loan Interest Rates

The interest rates for Money View Personal Loan start from 1.33% per month depending on the applicants’ loan amount, credit scores, income profile, occupation profile, employment profile, etc.

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Comparison of Money View Personal Loan vs Other Lenders

Given below is a comparison of the key features of a personal loan offering from Money Tap with other top lenders in the India:

Also Know: Which bank offers low interest rate on personal loans?

Processing Fees & Charges

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Loan Amount

The loan amount for Money View Personal Loan ranges from Rs. 5,000 to Rs. 5 Lakhs.

Foreclosure Charges

Money View Personal Loan provides the foreclosure option for borrowers (part prepayment is not allowed) but only after they have paid a minimum number of EMIs

Eligibility Criteria for Money View personal loan

The eligibility criteria for availing a Money View personal loan is simple and as follows:

• Both salaried and self-employed individuals are eligible
• Age: 21 to 57 years
• CIBIL score of at least 600 or Experian score of at least 650
• Minimum Income in-hand (per month):
  • For salaried –
    • 20,000 for Mumbai/Thane or NCR
    • 15,000 for metro cities other than Mumbai and NCR
    • 13,500 for other areas
  • For self-employed – Rs. 15,000
  • The income should be credited directly to the applicant’s bank account. Applicants who get their salaries in cash are not eligible.

Documents Required for Loan Application

Money View requires minimum documentation to give you a hassle-free loan experience. The following documents are required to avail a personal loan from Money View:

For Salaried

• Identity proof – PAN Card is the primary ID proof required. But if it is rejected because of image quality issues or other reasons, any one of the following documents will suffice:
  • Passport
  • Aadhaar Card
  • Voter ID Card
  • Driver’s License
• Address proof:
  • Passport
  • Aadhaar Card
  • Voter ID Card
  • Driver’s License
  • Utility bills (water, gas, electricity) dated within last 60 days
• Income proof:
  • For salaried applicants – Last 3 month bank statements (in PDF format) of the applicant’s salary account showing salary credits
  • For self-employed applicants – Last 3 month bank statements (in PDF format)

Money View Personal Loan EMI Calculator

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Money View Personal Loan Top Up

Money View offers borrowers the option to avail a top-up loan on their existing loan whereby they can get an extra loan amount to meet additional financial requirements. At present, this is an invitation-only feature and only individuals with clean payment history are pre-qualified for it. When you opt for a top-up loan, a new loan account is generated for you which will have details such as the due amount of the existing loan as well as the top up loan amount.

Also Get: Which is the best bank to get a Top up loan?

Customer Care

You can use any of the following means given below to contact the Money View customer care:

• By Phone: You can call on the company’s customer care number 080-4569-2002
• Email: You can also contact the customer care via email. The email address for specific queries are given below:

Loan Payment Queries: payments@moneyview.in

Loan queries: loans@moneyview.in

General queries: feedback@moneyview.in

FAQs

Q. I am a self-employed person and my income varies every month. Can I get a personal loan from Money View?

Money view gives a personal loan to businessmen/self-employed individuals with a minimum monthly income of Rs. 25,000. Even if your income varies, if you satisfy the above criteria, you can submit your application along with your IT return and bank statement.

Q. What are the possible reasons for rejection of Money View Personal Loan application?

Money view grants the loan based on the documents submitted. Given below are some possible reasons that may lead to rejection of your loan application:

• Credit Score less than 650
• Salary credit less than Rs. 13,500 per month
• Business income less than Rs.25,000 per month (for self-employed applicants)
• Incorrect / Invalid / Insufficient documents
• Very high existing EMI as a percentage of total income
• Disqualification as per Money View algorithm due to any other reason

Q. I get my salary in cash from my employer. Can I avail a Money View Personal Loan?

Money View grants personal loans only if salary credit is through direct bank transfer. Those who get their salaries in cash cannot secure a personal loan from Money View.

Q. What is the minimum and maximum loan amount available on a personal loan from Money View?

You can avail a personal loan ranging between Rs. 10,000 to Rs. 5 lakh from Money View to deal with various financial exigencies.

Q. How long does Money View take to disburse its personal loans?

Money View aims to disburse the loan amount into your account within 24 hours of the approval of your personal loan.

Q. Can I get a second personal loan from Money View?

You can get a second personal loan from Money View only after you repay your first personal loan in full. You cannot get the next loan until there is an outstanding amount in your existing loan account.

Q. What will happen in case I don’t have enough funds in my account during Auto-Debit of Money View personal loan EMI?

Money View grants you three days’ grace period if you miss your EMI payment for any reason. Within the grace period, you can pay the EMI through electronic transfer facility available in Money View app. After the expiry of the grace period, a late payment fee will be charged.

Q. Can I foreclose my Money View personal loan?

Once you have made at least three EMI payments, you can foreclose your Money View personal loan account without paying any foreclosure charges. However, foreclosure is permitted only if your loan repayment period is longer than 6 months and already made at least 3 regular EMI payments.