Many people start arranging for funds if any urgent need for money arises. Some people prefer taking personal loans from banks just to achieve their financial requirements but it isn’t simple to get approval from your bank for the loan.
Besides, you will need to borrow a huge amount of loan to fulfill your financial requirements which might be small. Thus, you may consider taking a Money View Loan which is a kind of short-term loan.
The best part about borrowing funds from Money View Loan is you can take it for a very short time at the interest rate of over 1.33% monthly. Suppose your financial needs are very small you can take even INR 10000 as a loan amount. Hence, this short-term personal loan application will help you tackle your financial requirements. Let us check out more about Money View Personal Loan and understand how to apply for the loan and other important things.
How to Apply for a Money View Personal Loan?
To start with the process, you need to download & install the Money View mobile application from the Google Store. When you have launched the app on your phone, fill in the required details to start the loan application procedure. You will need to upload some documents, hence Money View will access your creditworthiness.
When your profile is verified and assessed, you will get the NACH form. After that, you will need to print that form, sign and scan it, and send this to Money View. After signing the form, you can enable an auto-debit facility that will help you pay for the EMIs very easily.
Once Money View gets the NACH form, you may receive a loan agreement on your app. You just need to go through this deal, and if you are pleased with its terms, submit it on your app itself. It concludes the app and approval procedure. You may expect this loan amount to get disbursed to your account in some hours.
Money View’s interest rate begins from 1.33% monthly. The interest rate offered by Money View will differ depending on various factors like the borrower’s credit score, employment status, repayment history, current relationship with the lender, income and loans ratio, loan amount requested, and more.
It is always better to look ahead to eligibility criteria, because without being qualified, you may use this app. It will help if you are qualified to take the personal loan from the Money View application. Though eligibility criteria are not new, and majority of the people are aware of that.
Given are the eligibility criteria:
- An applicant needs to be a citizen of India to take the loan from the Money View app.
- You require a regular income source, so you may easily repay your loan on time.
- You must have at least 10,000 monthly salary to qualify for a personal loan from the Money View app.
- Besides your age should be either 21 or more, but it must be under 57.
- You must have a good CIBIL or credit score. Your CIBIL score needs to be over 650 to qualify for the loan from the Money View app.
You will need only 3 documents and they must be submitted digitally that will prove that you are eligible for Moneyview personal loan.
- The last three months’ statement with the salary credits
- Address Proof
- Identity Proof (like Aadhar Card and PAN)
Step-by-Step Process to Apply
The online application procedure to take a personal loan from Money View is very simple and trouble-free. You just have to fill out the form & apply for the personal loan in minutes. This process is online entirely, and you have to download the app to proceed. It adds lots of flexibility and comfort for everybody.
The online procedure to take the Money View loan is given below:
Step 2: You must be registered on an app. You have to provide a few details about yourself and link your phone number and your bank account.
Step 3: After registering on an app, you can fill out an application form. You have to select the type of loan you want and the tenure and amount. There are different options to select from the pre-approved loans as per your credit score and income.
Step 4: After you fill out the application form, upload a scanned image of the documents needed and submit them.
Step 5: You may expect your loan amount to get delivered to your bank account in some hours.
Cashing in on a loan market is quite tricky. With the advent of private finance companies such as Money View, getting personal loans today has become quite accessible. Luckily, Money View provides various benefits that make it the best choice for people looking for a personal loan.