Instant Personal Loans are available on Moneyview, a digital platform operated by WhizDM Innovations Pvt. Ltd., for loan sums up to Rs 10 lakh and for terms up to five years, starting at 1.33% per month (15.96% p.a.). Applicants for personal loans just two minutes to verify their eligibility, and if approved, their money will be disbursed within 24 hours. From loan application through disbursement, the entire process is done online. In order to assist applicants with poor credit ratings in obtaining personal loans, Moneyview has created an alternative credit-scoring algorithm. However, in order to be eligible for Moneyview Personal Loans, candidates must have a minimum 650 Experian score or a CIBIL score of 600. Money view Personal Loan HighlightsInterest Rate1.33% per month (15.96% p.a.) onwardsTenureUp to 5 yearsLoan AmountRs. 5k to 10 lakhLoan processing charges2% – 8% of approved loan amountMinimum Monthly IncomeFor Salaried: Rs 13,500 For Self-employed: Rs 15,000 Processing Fees & Charges for Moneyview Personal Loan ParticularsRatesLoan processing charges2% – 8% of approved loan amount (deducted from loan amount during fund transfer)Interest on overdue EMIs2% per month on overdue principal loan amount/EMICheque bounceRs 500 each timeForeclosure chargesNilLoan cancellationNo additional charges Foreclosure Charges Moneyview Personal Loan provides the foreclosure option for borrowers (part prepayment is not allowed) but only after they have paid a minimum number of EMIs TenureForeclosureUp to 6 monthsNot permitted7 – 18 monthsPermitted after payment of 6 EMIsAbove 18 monthsPermitted after payment of 12 EMIs Eligibility Criteria for availing Personal Loan from Moneyview The eligibility criteria for Moneyview Personal Loan is similar to the personal loan eligibility criteria set by most banks and NBFCs. Some of the factors considered by Moneyview for determining the personal loan eligbility of their applicants are 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 – Rs 20,000 for Mumbai/Thane or NCR Rs 15,000 for metro cities other than Mumbai and NCR Rs 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 the Application - PAN Card Aadhar Card (Should be linked to Mobile Number) 3 Month Bank Statement How to Apply for Moneyview Personal Loan ? Steps to Apply for a Personal Loan Check your Eligibility Register on the Money View website or download the app and provide the following - First and last name according to your PAN card Income Age and date of birth Location and area code Gender Purpose of availing said loan PAN number Mobile number And any other requested details. Once this is done, sit back and relax while we calculate your eligibility within 2 minutes Select a Loan Plan Based on the information provided & your credit profile, an eligible loan amount will be displayed. Select the loan amount as well as repayment tenure of your choice that suits your requirements Complete KYC & Income Verification The next step is to upload all the required documents such as ID proof, address proof, and income proof. You will also be required to take your Selfie & upload images of your PAN Card. The entire process is 100% online and does not require any physical copies. Loan Approval & EMI-Auto debit Once your documents are verified, your loan will be instantly approved. You’ll now be required to enable the EMI-auto debit or NACH mandate using Netbaking/Debit card or NACH Form. This step ensures that the auto-debit facility for your bank account is activated for easy monthly EMI payments. Loan Disbursal Once the EMI-auto debit is enabled, you’ll be sent a Loan Agreement with details like your loan amount, interest, applicable fees & tenure etc. Kindly review the same & submit. Once submitted, the loan amount will be transferred to your bank A/c within 1 business day. In five quick and easy steps you can now avail an instant personal loan from Money View. Diio Rewards Profit Related - Tracking Time: Within 48 Hours Missing Profit Tickets: Accepted Confirmation Time: 30 days Profit on App orders: Not Applicable Profit on Referral Earnings: Not Applicable