Personal loans have become a dire necessity in today’s world. They prove to be an efficient tool to meet the financial requirements of one’s personal lives. With the help of these loans one can easily run on a smooth life without any hassle.
Earlier the documentation process was actually complex and complicated at that time. Also, the banks and the financial institutions might grant easy loans to the higher income groups. This is because these loans are unsecured in nature.
So, here we at Money View provide personal loans within 24 hours of documentation submission. The process is hassle free, quick, and secured. This feature makes Money View personal loan as the top-rated personal loan company in the country. The company also provides an online loan eligibility calculator check in two minutes.
A loan that requires minimum documentation, quick approval and a relatively simple application process is known as an instant loan. These loans are trendy nowadays as these prevent the individuals from the hustle-bustle of arranging documents and are time saving and quick and also the person is not required to visit any bank or financial institutions. Even a new business venture can just apply for an instant personal loan from MONEY VIEW and 24 hrs is just what it takes.
Top features and benefits of personal loans
Two attractive features that count in favour of personal loans are:
*Complete flexibility of end use
- No restriction on spending the loan amount
- No collateral security attached against the loan amount
- Easy instalments and repayment due to long duration
- Borrowing any amount starting from Rs.5, 000 and going up to Rs.5 lakhs.
*Unsecured loans: These personal loans do not use personal property of the borrower as the security. The feature lessens the risk of the borrower’s property being at stake in case of any default.
The main advantages of a personal loan include the following:
- Relatively quick (because they do not require as much documentation as a home or auto loan
- Flexible loan amounts
- Attractive repayment tenure
- Quick 24 hours reimbursement
- Attractive rate of interest
- Minimum/negligible paperwork
- Low credit score loans also available
Money view provides pocket friendly loans and fits into our budget making it easy to avail personal loans. The above-mentioned features and the benefits of personal loans make them one of the best personal loan companies in the market.
The fees and charges depend on
- Interest rate
- Loan processing charges
- Loan foreclosure
- Interest on overdue EMIs
- Cheque bounce charges
- Loan’s cancellation
- The following table can give you idea about the fees and charges by Money View
|Fees & Charges||Amount to be Paid|
|Interest Rate||Starting from 1.33% per month|
|Loan Processing Charges||Starting from 2% and going up to 8% of the approved loan amount|
|Part/Full Payment of the Loan (Loan Foreclosure)||● No part payments are allowed
● Foreclosure allowed after a minimum of 3 EMIs.
|Interest on Overdue EMIs||2% per month on the overdue EMI/Principal loan amount|
|Cheque Bounce||Rs.500/- for every bounce|
|Loan Cancellation||● No additional charges will be levied apart from the interest amount for the period between loan disbursement and loan cancellation.
● Processing fees will also be retained
- Salaried or self-employed individuals may get easy loans after proving their worth to repay the loans.
- Monthly income in-hand of Rs.13, 500* or more.
- Income should be received in the bank.
- Age should be between 21-57 years.
|Minimum In-Hand Income||Area of Residence||CIBIL Credit Score Requirement|
|Salaried Individuals||Rs 13,500||Any||CIBIL Score of 600 /Experian Score of 650 and above|
|Rs 20000||Mumbai/Thane or the NCR region (Delhi, Noida, Gurgaon, Ghaziabad, Faridabad, etc.)||New to Credit or CIBIL Score of 600 /Experian Score of 650 and above|
|Rs 15000||Metro City other than Mumbai and NCR||CIBIL Score of 600 /Experian Score of 650 and above|
- ID proof (PAN or AADHAR CARD)
- Address proof
- Salary statements for last three years
Get instant loans from anywhere in India
- Long repayment plans up to 5 years
- Low monthly interest from 1.33 percent (16 percent annually)
- 100 percent online and paperless process
Personal loans are one of the most versatile loans available in the market today and we at Money View strive to provide loans that are easy to avail, with minimal documentation, and at affordable interest rates. Money view is trusted by a wide range of users all over the country. The service is available in more than 5,000 cities all over India.