Moneyview Personal Loan @ 1.33% p.m - Get Upto Rs. 5 Lakhs

Moneyview Personal Loan

MoneyView Personal Loan is a digital lending platform that offers instant personal loans to eligible individuals. With a simple and easy-to-use application process, MoneyView personal loan aims to provide financial assistance to those in need without the hassle of traditional lending methods.
Moneyview’s loan process is entirely online, allowing you to apply for a loan and get approved from the comfort of your own home. MoneyView also offers flexible repayment terms and competitive interest rates, making it an attractive option for individuals seeking financial support.

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Moneyview Personal Loan Highlights

Here are the highlights of MoneyView Personal Loan:

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Feature Details
Loan Amount

₹5,000 to ₹5,00,000
Loan Tenure

3 months to 5 years
Interest Rate

Starting from 1.33% per month
Processing Fee

2% to 8% of the loan amount
Eligibility Criteria

Age: 21 to 57 years
Minimum Monthly Income: ₹13,500 (₹20,000 for residents of Delhi & Mumbai)
Credit Score: 650 or above
Documentation

PAN Card, Aadhaar Card, Address Proof, Bank Statement, Salary Slips
Disbursement Time

Within 24 hours of approval
Repayment Methods

Auto-debit, Post-dated cheques, UPI
Part-Payment Facility

Available after paying the first EMI
Foreclosure Charges

0-5% of the outstanding principal amount

Note: The above details are subject to change and may vary based on the lender’s policies and your eligibility. Please check with the lender for the latest and accurate information.

The interest rate for MoneyView Personal Loan starts from 1.33% per month, but the final rate may vary based on several factors such as your credit score, income, loan amount, tenure, and the lender’s policies. MoneyView uses a risk-based pricing model to determine the interest rate for each borrower, where applicants with a higher credit score and income are likely to get a lower interest rate.
It is advisable to compare the interest rates and other fees charged by different lenders before applying for a personal loan to get the best deal that suits your needs and repayment capacity. Additionally, maintaining a good credit score, a stable income, and a low debt-to-income ratio can help you negotiate a better interest rate and loan terms with the lender.

MoneyView Personal Loan offers several features and benefits that make it a popular choice among borrowers. Here are some of the key features and benefits of MoneyView Personal Loan:

  1. Easy and Quick Application Process: MoneyView Personal Loan application process is entirely online and takes only a few minutes to complete. You can apply for a loan from anywhere and at any time using the MoneyView app or website.
  2. Fast Approval and Disbursement: Once you submit your application and documents, MoneyView verifies your details and approves the loan within a few hours. The loan amount is disbursed directly to your bank account within 24 hours of approval.
  3. Flexible Loan Amount and Tenure: MoneyView Personal Loan offers loan amounts ranging from ₹10,000 to ₹5,00,000 and repayment tenures ranging from 3 months to 5 years, allowing you to choose the loan amount and tenure that suits your needs and repayment capacity.
  4. Competitive Interest Rates: MoneyView offers competitive interest rates starting from 1.33% per month, which is lower than the interest rates offered by many traditional lenders.
  5. No Collateral or Guarantor Required: MoneyView Personal Loan is an unsecured loan, which means you don’t have to pledge any collateral or provide a guarantor to avail the loan.
  6. Part-Payment and Foreclosure Facility: MoneyView allows you to make part-payments and prepay your loan without any additional charges after paying the first EMI. You can also opt for foreclosure by paying a nominal fee.
  7. Multiple Repayment Options: MoneyView offers various repayment options such as auto-debit, post-dated cheques, and UPI, making it convenient for you to repay the loan on time.
  8. Transparent and No Hidden Charges: MoneyView follows a transparent fee structure and does not charge any hidden fees or penalties.

Overall, MoneyView Personal Loan offers a hassle-free and convenient borrowing experience, which makes it an ideal choice for those who need financial assistance for various purposes such as medical emergencies, home renovations, travel, education, and debt consolidation.

Here are the eligibility criteria for MoneyView Personal Loan for salaried and self-employed individuals:

Eligibility Criteria Salaried Individuals Self-Employed Individuals
Age Between 21 and 57 years Between 21 and 57 years
Monthly Income Minimum of ₹13,500, ₹20,000 ( residents of Delhi and Mumbai), ₹15,000(Metro City other than Mumbai and NCR) Minimum monthly income of ₹15,000
Credit Score 650 or above 650 or above
Employment Type Employed with a private or public company Self-employed professionals or business owners
Work Experience Minimum of 6 months in the current job Minimum of 2 years in the current business/profession
Business Vintage Not Applicable Minimum of 2 years
Citizenship Indian Indian
Documents Required PAN Card, Aadhaar Card, Address Proof, Bank Statement, Salary Slips PAN Card, Aadhaar Card, Address Proof, Bank Statement, Income Tax Returns

Note: The above eligibility criteria are subject to change and may vary based on the lender’s policies and your profile. Please check with the lender for the latest and accurate information.

To apply for a MoneyView Personal Loan, you need to submit the following documents:

  1. PAN Card: A copy of your Permanent Account Number (PAN) card is mandatory for identity verification and to check your credit history.
  2. Aadhaar Card: A copy of your Aadhaar card is required for address verification and KYC (Know Your Customer) compliance.
  3. Bank Statement: You need to provide the latest bank statement of your salary account for the last three months to verify your income and repayment capacity.
  4. Salary Slips: You need to provide the salary slips of the last three months to verify your income and employment details.
  5. Address Proof: You need to provide a copy of your address proof, such as a utility bill, rent agreement, or passport, for address verification.
  6. Income Tax Returns (ITR): If you are a self-employed individual, you need to provide a copy of your income tax returns for the last two years to verify your income and repayment capacity.

Note that the documents required may vary based on the lender’s policies and your profile. Additionally, the lender may ask for additional documents for verification purposes. Therefore, it is advisable to check with the lender for the latest and accurate information regarding the required documents.

₹
%

Principal amount

Loan EMI

Total Intrest Payble

Total Payment (Principal + Interest)

Here’s an example of EMI calculation for a MoneyView Personal Loan of ₹1,00,000 with a tenure of 12 months at an interest rate of 16% p.a.

Loan amount: ₹1,00,000

Interest rate: 16% p.a.
Tenure: 12 months
EMI: ₹9,093
Total Interest Payable: ₹9,116
Total Amount Payable: ₹1,09,116

Amortization Schedule:

Month Opening Balance EMI Principal Interest Closing Balance
1 ₹1,00,000 ₹9,093 ₹8,397 ₹696 ₹91,603
2 ₹91,603 ₹9,093 ₹8,577 ₹516 ₹83,026
3 ₹83,026 ₹9,093 ₹8,761 ₹332 ₹74,265
4 ₹74,265 ₹9,093 ₹8,949 ₹144 ₹65,316
5 ₹65,316 ₹9,093 ₹9,141 ₹-48 ₹56,175
6 ₹56,175 ₹9,093 ₹9,338 ₹-245 ₹46,837
7 ₹46,837 ₹9,093 ₹9,539 ₹-446 ₹37,298
8 ₹37,298 ₹9,093 ₹9,745 ₹-652 ₹27,553
9 ₹27,553 ₹9,093 ₹9,956 ₹-863 ₹17,597
10 ₹17,597 ₹9,093 ₹10,172 ₹-1,079 ₹7,425
11 ₹7,425 ₹9,093 ₹10,394 ₹-1,301 ₹0
12 ₹0 ₹9,093 ₹0 ₹0 ₹0

Note: The EMI calculation is for illustration purposes only, and the actual EMI may vary based on the lender’s policies and your profile. Also, the amortization schedule may differ based on the loan amount, tenure, and interest rate. Therefore, it is advisable to check with the lender for the latest and accurate information regarding the EMI and amortization schedule.

Here’s a comparison of MoneyView Personal Loan with other Banks/NBFCs in India, based on certain parameters:

Parameters MoneyView Personal Loan HDFC Bank Personal Loan ICICI Bank Personal Loan Bajaj Finserv Personal Loan
Interest Rate Starting from 16% p.a. Starting from 10.50% p.a. Starting from 10.50% p.a. Starting from 12.99% p.a.
Loan Amount Up to ₹5,00,000 Up to ₹40,00,000 Up to ₹20,00,000 Up to ₹25,00,000
Tenure 3 to 36 months 12 to 60 months 12 to 60 months 12 to 60 months
Processing Fee 2% to 8% Up to 2.50% of the loan amount Up to 2.25% of the loan amount Up to 4.13% of the loan amount
Prepayment Charges NIL 2% to 4% of the outstanding principal 5% of the principal outstanding NIL
Late Payment Charges 2% per month 2% per month 24% per annum 2% per month
Minimum Income ₹13,500 per month ₹15,000 per month ₹25,000 per month ₹25,000 per month
Age Criteria 21 to 57 years 21 to 60 years 23 to 58 years 25 to 58 years

If you have any queries or concerns related to your MoneyView Personal Loan, you can reach out to their customer care through the following channels:

  1. Email: You can write an email to MoneyView’s customer care at loans@moneyview.in. They usually respond within 24 to 48 hours.
  2. Phone: You can call their customer care at 080-45692002 between 9:30 am to 6:30 pm from Monday to Saturday (excluding public holidays).
  3. Corporate Address:
    MoneyView Fintech Pvt Ltd,
    3rd Floor, Zenith House, Keshavrao Khadye Marg,
    Opposite Race Course, Mahalaxmi West, Mumbai – 400034

Note that the above contact details are subject to change and may vary based on the lender’s policies. Therefore, it is advisable to check with the lender for the latest and accurate information regarding their customer care.

Here are some of the key terms and conditions of a MoneyView Personal Loan:

  1. Loan Amount: You can avail of a loan amount ranging from ₹10,000 to ₹5,00,000, depending on your eligibility.
  2. Tenure: The loan tenure ranges from 3 months to 60 months.
  3. Interest Rate: The interest rate for a MoneyView Personal Loan ranges from 16% to 33% p.a. and varies based on your creditworthiness, income, and other factors.
  4. Processing Fees: MoneyView charges a one-time processing fee ranging from 2% to 8% of the loan amount, depending on your credit score and other factors.
  5. Prepayment/Foreclosure Charges: You can prepay or foreclose your loan anytime during the tenure, subject to payment of prepayment charges ranging from 2% to 5% of the outstanding loan amount
  6. Late Payment Charges: In case of delay in payment of EMI, MoneyView levies a late payment fee ranging from ₹250 to ₹500, depending on the outstanding amount and the number of days of delay.
  7. Collateral: MoneyView Personal Loan is an unsecured loan, which means you do not need to pledge any collateral or security to avail of the loan.
  8. Eligibility Criteria: The eligibility criteria for a MoneyView Personal Loan include age between 21 to 57 years, minimum monthly income of ₹13,500 for salaried individuals and ₹20,000 for self-employed individuals, and a minimum credit score of 650.
  9. Documents Required: The documents required for a MoneyView Personal Loan include identity proof, address proof, income proof, bank statements, and PAN card.

Note that the above terms and conditions are subject to change based on the lender’s policies and may vary based on your profile and other factors. Therefore, it is advisable to check with the lender for the latest and accurate information regarding their terms and conditions.

Here are some of the advantages of a MoneyView Personal Loan:

  1. No Collateral Required: MoneyView Personal Loan is an unsecured loan, which means you do not need to pledge any collateral or security to avail of the loan.
  2. Easy and Convenient Application Process: You can apply for a MoneyView Personal Loan online through their website or mobile app within minutes. The entire process is paperless and requires minimal documentation.
  3. Quick Disbursal: MoneyView claims to disburse the loan amount within 24 hours of loan approval, subject to completion of documentation and verification.
  4. Flexible Tenure: You can choose a loan tenure ranging from 3 months to 60 months, depending on your repayment capacity and convenience.
  5. Competitive Interest Rates: MoneyView offers competitive interest rates ranging from 16% to 33% p.a., depending on your creditworthiness and other factors.
  6. Part-Payment and Foreclosure Facility: You can prepay or foreclose your loan anytime during the tenure, subject to payment of prepayment charges ranging from 2% to 5% of the outstanding loan amount.
  7. No Hidden Charges: MoneyView is transparent in its fees and charges and does not levy any hidden charges on its Personal Loans.
  8. Minimal Documentation: The documentation requirements for a MoneyView Personal Loan are minimal, which makes the loan application process hassle-free.
  9. Loan Amount: You can avail of a loan amount ranging from ₹5,000 to ₹5,00,000, depending on your eligibility.

Note that the above advantages may vary based on your profile and other factors. Therefore, it is advisable to check with the lender for the latest and accurate information regarding their Personal Loan offering.

Here are some of the drawbacks of a MoneyView Personal Loan:

  1. High Interest Rates: While MoneyView offers competitive interest rates, the rates may still be higher than other lenders, especially if you have a low credit score or income.
  2. Processing Fees: MoneyView charges a one-time processing fee ranging from 2% to 8% of the loan amount, depending on your credit score and other factors. This fee can increase the overall cost of the loan.
  3. Prepayment Charges: If you wish to prepay or foreclose your loan, MoneyView charges prepayment charges ranging from 2% to 5% of the outstanding loan amount. This can make the loan expensive if you plan to close it before the end of the tenure.
  4. Limited Eligibility: MoneyView Personal Loan has specific eligibility criteria that may not be suitable for everyone. For example, the minimum income requirement is ₹13,500 for salaried individuals and ₹20,000 for self-employed individuals.
  5. Limited Tenure Options: While MoneyView offers flexible tenure options, the tenure range is limited to 3 months to 60 months. This may not be suitable for borrowers who need longer tenures.
  6. Limited Loan Amount: The loan amount for a MoneyView Personal Loan ranges from ₹5,000 to ₹5,00,000, which may not be sufficient for larger expenses such as home renovation or business expansion.
  7. Availability: MoneyView Personal Loan is currently available only in select cities in India. This can limit the accessibility of the loan for borrowers who do not reside in these cities.

Note that the above drawbacks may vary based on your profile and other factors. Therefore, it is advisable to check with the lender for the latest and accurate information regarding their Personal Loan offering.

FAQs

Moneyview is a legitimate fintech company that provides personal loans and other financial products to customers in India. The company is registered with the Reserve Bank of India (RBI) as a non-banking financial company (NBFC) and operates under the regulations and guidelines set by the RBI.

Moneyview has also received funding from reputed investors such as Tiger Global, Ribbit Capital, and Sequoia India, which further validates its legitimacy.

In conclusion, Moneyview is a real and legitimate company that provides personal loans and other financial products to customers in India. However, it is always advisable to do your due diligence and research before applying for a loan or any financial product to ensure that you are dealing with a reputable lender.

Yes, the MoneyView Personal Loan app is safe to use. The company uses advanced encryption technology to secure its platform and protect users’ personal and financial information. Additionally, MoneyView has implemented various security measures such as two-factor authentication and secure login to ensure the safety and privacy of its customers.

Moreover, MoneyView is a registered NBFC with the Reserve Bank of India (RBI) and operates under the regulations and guidelines set by the RBI. The company also follows strict data protection laws and regulations to protect users’ privacy and data.

However, as with any financial app or service, it is essential to exercise caution and follow basic security practices such as keeping your login credentials secure, updating your password regularly, and avoiding using public Wi-Fi or unsecured networks while accessing the app.

In conclusion, the MoneyView Personal Loan app is safe to use, but it is always advisable to take necessary precautions and ensure that you are downloading the app from a trusted source.

Company (NBFC) under the registration number B-14.01212. The RBI regulates and supervises the functioning of NBFCs in India to ensure the safety and soundness of the financial system.

As an RBI-registered NBFC, MoneyView is required to comply with various guidelines and regulations set by the RBI to safeguard the interests of its customers and ensure the financial stability of the organization. This includes maintaining adequate capital and liquidity ratios, complying with KYC and AML guidelines, and ensuring fair practices in lending and collection.

Therefore, if you are considering applying for a personal loan with MoneyView, you can be assured that the company is legitimate and regulated by the RBI. However, it is always advisable to research and compare multiple lenders before making a decision to ensure that you are getting the best deal.

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