All About Money View Personal Loan

To get started, you will have to download and install the Money View mobile app from Google Play Store. Once you’ve launched the app, fill in the details to begin the loan application process. You will have to upload certain documents as well, so Money View can evaluate your creditworthiness.

Once your profile is assessed and verified, you will receive a NACH form. You will have to print the form, sign it, scan it, and then send it to Money View. By signing this form, you will enable the auto-debit facility, so you can pay your EMIs easily.

After Money View receives your NACH form, you will receive the loan agreement on the app. You will have to go through the agreement, and if you’re pleased with the terms, submit it on the app itself. This concludes the application and approval process. You can expect the loan amount to be disbursed to your bank account in a few hours.

Eligibility criteria

Money View loans to salaried and self-employed individuals. In addition to this, you will have to meet the criteria mentioned below:

Age criteria:

Minimum age: 21 years

Maximum age: 57 years

You should receive your salary through a bank transfer.

Minimum income criteria for salaried employees are as follows:

If you don’t have a credit history or you’re located in Thane, Mumbai, or the NCR region, your minimum monthly income should be Rs.20,000.

If your CIBIL score is above 675 and you’re located in a metro city other than Mumbai or the NCR region, your minimum monthly income should be Rs.15,000.

If your CIBIL score is between 300 and 675, your minimum income should be Rs.25,000.

For others, your in-hand salary per month has to be Rs.13,500 and above.

If you’re self-employed, your monthly income has to be Rs.25,000 and above.

Money View has their own proprietary credit scoring process to assess your creditworthiness and your risk level as a borrower in case your credit score is low.

Documents required to Apply

To apply for a loan through the app, you will need to upload the following documents:

ID Proof: Aadhar card or PAN card.

Present address proof if your Aadhar card doesn’t have your current address.

Bank statement of your salary account, showing the salary credits from the last 3 months.

Income Tax Return Verification Form for the last 2 years, if you’re self-employed.

During the submission process, ensure the documents are valid.