When banks and other financial institutions offer personal loans, they don’t specify the end-use; and that’s what makes them great. With a personal loan from Money View, you can fund anything from family vacations to medical emergencies.
Delhi is the central hub that shows commercial, economic, and cultural significance in its full glory. For the residents of Delhi, a high-value personal loan from Money View can smooth matters out when things get tough. Moreover, these loans can have a tenure of up to 5 years and a 2% processing charge of the total loan amount.
From the instant loan application to the quick disbursement, the complete process for Money View loans is entirely online. Money View has made it easy for you to get a personal loan up to Rs. 5 lakhs in just 2 hours, with interest rates as low as 1.33% per month or 16% per annum.
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Who can Avail Money View Personal Loan in Delhi?
Both salaried and self-employed customers can avail Money View personal loans in Delhi, and you can apply through their app or website. With minimal documentation and flexible repayment timelines, these loans are the perfect solution for people of all income groups who need urgent monetary help.
The app provides distinct features like tracking your loan application status, verifying documents, and keeping you updated with the EMIs. The following is the eligibility criteria, necessary documents, and interest charges for applying for a Money View personal loan:
- The applicant must be an Indian aged between 21 and 57 years.
- Earnings per month for salaried individuals should be INR 13,500, and for self-employed professionals, it should be INR 25,000. The bank account should be the direct recipient of earnings.
- A CIBIL score of 600 or Experian score of 650.
- For identity proof, PAN Card is the primary document. If the process rejects PAN for any reason, other official documents for ID proofs are Aadhar Card, Driving License, Voter ID, and Indian Passport.
- Address proofs include valid Aadhar Card, passport, driving license, voter ID, and utility bills like water, electricity, and gas bill receipts of the last 60 days.
- Income proofs for salaried professionals are salary slips of the last 3 months in PDF and bank statements of the previous 3 months are necessary for self-employed individuals.
- The payback tenure is 1 to 5 years on 1.33% interest per month.
- 2 to 8% of the approved amount are the loan processing charges and INR 500 on each bounced cheque. (A late repayment fee of INR 10 per day might also be applied in this context).
- A loan foreclosure is only after 3 EMIs with an interest of 2% per month on overdue EMIs or principal amount.
- There are no charges for loan cancellation for the time between loan disbursal and cancellation, besides the interest amount.
Reasons to Choose Personal Loan from Money View
- Money View personal loans have multiple options for loan repayment starting from 6 up to 60 months.
- The instant loan approval is the most significant benefit as once the applicants apply for the loan at the Money View website or app; it takes only 24 hours to disburse the loan amount to their bank account once the application is approved.
- The document submission process is immensely smooth with only 3 documents required – ID proof (PAN card), address proof (Aadhar card), and proof of earnings.
- The applicant can choose the repayment tenure that suits him/her the best and is affordable.
- The 24-hour window for loan application approval highlights the poignancy of urgent monetary/financial help or loan needed in financial emergencies.
- The loan facility isn’t only for borrowers with a higher credit score. Money View also offers loans for borrowers with a low score by assessing their creditworthiness through their in-house credit rating model.
- Checking eligibility for loan applications takes only 2 minutes through the Money View app.
- Each applicant’s loan money requirement varies; hence, Money View offers a broad loan amount range. Applicants can avail any amount between INR 5,000 to 5 Lakhs, as per their eligibility.
- The Money View app simplifies the loan application tracking process, verifying details, and paying EMIs.
Things to Consider While Applying for a Money View Personal Loan
- Both salaried and self-employed individuals can avail Money View personal loans.
A consistent paycheck from a job typically gives you an advantage when applying for personal loans. However, if you’re self-employed, don’t be discouraged from applying for a personal loan. Employment type is just one aspect of the eligibility for a loan.
However, one of the most important criteria is that Money View only offers loans to people receiving the payments directly transferred to their bank accounts from their employers. It is very unlikely to get a Money View loan approved if the salary is in cash.
- Monthly income is a critical parameter that controls the loan amount to be disbursed.
Once you enter your monthly income, the app will determine how much loan amount (Loan Quantum) you qualify for. Your income level and credit score impacts the personal loan size that you can borrow, and a higher income and credit score will result in a higher, more convenient level of repayment.
- Calculate the loan particulars from the online Money View EMI calculator.
When applying for a loan, you need to know the exact amount and term, for which an EMI calculator can prove helpful. Enter the amount and time you want to borrow, and within seconds you can find out the exact EMI as well as interest being paid.
- Details/documents required for digital verification
For authentication, you need to enter the bank details of your salary account, which is essential for the disbursal of the loan amount.
The bank statement verification is crucial for loan approval, and you may skip this if it is unavailable. However, you should note that the loan can only be processed after the Money View Loans team receives the statement.
- The maximum loan amount that can be requested for approval
Anyone requesting personal loans from Money View can opt for a loan amount between INR 5000 to INR 5 lakhs. However, the disbursal of the loan entirely depends upon the fulfillment of the eligibility criteria of the candidate.
- Collateral is Not Required
Money View offers unsecured personal loans. Hence, the borrower does not have to present collateral in terms of tangible assets like property, jewelry, fixed deposit accounts, etc.
- Implementing changes to the loan amount
It is impossible for the borrower to change the loan amount that he has applied for. However, Money View has a robust grievance redressal system in place, and if the borrower feels that there is an error, he/she can directly email @ loans@moneyview.in.
Until and unless the existing loan from Money View has been repaid in full, the borrowers cannot avail of a new loan, even if they are in need. However, if the borrower repays his/her loan on time then a top-up loan may be offered which can be clubbed with the existing loan.
So top-up loans are flexible financial solutions that are generally offered by Money View if the borrower has a good track record, according to Money View. One catch here is that the borrowers cannot apply for the top-up loan unless Money View offers it, and that can also be approved only after 6 months of the existing loan repayment.
How to Check the Loan Application Status After Disbursal
On the website:
Once you sign in to your loan account with your registered email address, you can head over to the Dashboard. You can then scroll down until you find the Application Status tab and check the status.
On the app:
You can use the Money View app or Money View Loans app to check your active personal loan application status. Open the Loans section on the Money View app; it will automatically take you to the Application Status screen to check the status.
Once you open the Money View Loans app, it will redirect you to the application status.
Final Words
Cashing in on the loan market is tricky. With the advent of private finance companies like Money View, personal loans have become much more accessible. Fortunately, private finance companies like Money View offer several advantages that make them an excellent option for those looking for a personal loan.
You can download the Money View loan app or visit the website (https://moneyview.in/) to avail a loan today.
