In today’s fast-paced world, managing personal finances efficiently is crucial. Whether it’s for an emergency, a wedding, home renovation, or simply to consolidate debt, personal loans have become a popular financial tool. However, finding the right lender can be a daunting task given the plethora of options available in the market. Enter MONEYVIEW – Instant Personal Loan App simplifies the loan application process, making it accessible, quick, and hassle-free. In this article, we’ll take an in-depth look at Moneyview, a fintech company revolutionizing the way personal loans are availed in India.

What is Moneyview?

Moneyview is a digital lending platform licensed by the Reserve Bank of India (RBI) that offers personal loans and other financial products. Designed to be user-friendly and completely secure, Moneyview is recognized as one of the safest loan apps available in India. The platform is ISO 27001:2022 Certified for Information Security Management Systems and uses 256-bit data encryption, ensuring that all user data is protected against potential threats.

The app is available on the Google Play Store, making it accessible to a large number of users. Whether you’re salaried or self-employed, Moneyview offers instant, collateral-free personal loans from ₹5,000 to ₹10,00,000 with flexible repayment options up to five years. Let’s dive deeper into what makes Moneyview a preferred choice among borrowers.

Features and Benefits of MONEYVIEW – Instant Personal Loan App

Moneyview offers several features and benefits that set it apart from traditional lenders and other fintech platforms:

1. Flexible Loan Amounts and Tenure: Moneyview provides loans ranging from ₹5,000 to ₹10,00,000, catering to a wide range of financial needs. The tenure for repayment can extend up to 60 months, giving borrowers the flexibility to choose a plan that best suits their repayment capacity.
2. Affordable Interest Rates: The platform offers competitive interest rates starting from just 1.33% per month (or 16% annually), making it an affordable option for those in need of quick funds.
3. Quick Eligibility Check: The loan eligibility check can be completed in just 2 minutes, helping users avoid the long queues and waiting times often associated with traditional loan applications.
4. Hassle-Free Application Process: The entire loan application process is fully digital, from eligibility checks and document verification to loan disbursement. This means you can apply for a loan from the comfort of your home.
5. Minimal Documentation Requirements: To make the process even more seamless, Moneyview requires minimal documentation. You only need a PAN, a selfie, and a mobile number linked to your Aadhaar. Depending on your profile, additional documents may be required.
6. Quick Disbursement: One of the standout features of Moneyview is the speed at which loans are disbursed. Once approved, the loan amount is credited to your bank account within minutes, ensuring that your financial needs are met without delay.
7. Secure and Trusted Platform: Moneyview is ISO 27001:2022 Certified for Information Security Management Systems and uses 256-bit encryption for data security, ensuring that your personal information remains safe and confidential.

How to Apply for a Loan on Moneyview

Applying for a personal loan on Moneyview is straightforward and can be done in a few simple steps:

1. Download the Moneyview App: Visit the Google Play Store, search for “Moneyview,” and click on ‘Install’. Once the app is installed, open it and log in using your mobile number.
2. Check Your Eligibility: Enter your basic details, such as your name, type of employment, monthly income, and method of salary payment. The app will instantly calculate your eligibility for a loan.
3. Select Loan Amount and Tenure: Based on your eligibility, you can choose the loan amount and repayment tenure that suits your financial situation.
4. Complete the KYC Process: Upload the required documents such as your PAN and Aadhaar-linked mobile number, and complete the KYC verification process.
5. Get Approval and Disbursement: Once approved, the loan amount will be credited to your bank account within a few minutes.

Personal Loan Eligibility Criteria

To qualify for a personal loan from Moneyview, applicants must meet the following criteria:

• Type of Employment: You must be salaried or self-employed.
• Monthly Income: The minimum monthly income should be ₹13,500 for salaried individuals and ₹15,000 for self-employed individuals.
• Income in Bank: The salary must be directly credited to your bank account.
• Credit Score: A minimum CIBIL score of 650 or a minimum Experian score of 650 is required. However, Moneyview’s unique credit assessment model may approve loans for those with lower credit scores.
• Age: Applicants must be between 21 and 57 years of age.

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How Personal Loan Eligibility is Calculated

Moneyview uses a comprehensive model to calculate personal loan eligibility, considering multiple factors such as credit score, income, employment type, age, and debt-to-income ratio. The app’s algorithm ensures that you receive the best loan offers tailored to your specific profile.

To check your eligibility, you can use the Moneyview Personal Loan Eligibility Calculator:

1. Visit the Moneyview website or app and click on ‘Apply Online’.
2. Enter your mobile number and verify it with the OTP received.
3. Provide details such as name, employment type, monthly income, method of payment, and annual family income.
4. Agree to the terms and proceed by clicking ‘Continue’.
5. Enter additional details like gender, date of birth, PAN number, pincode, company name, and education.
6. Click on ‘Get Offer’ to view the loan options available for you.

Click Here to get your loan in MONEYVIEW App

Interest Rates and Charges for Moneyview Personal Loans

Moneyview offers transparent and affordable interest rates with no hidden charges. Here’s a breakdown of the applicable fees:

• Interest Rate: Starting from 10% per annum.
• Loan Processing Charges: Begins at 2% of the approved loan amount.
• Penal Charges on Overdue EMI: 24% per annum plus applicable taxes.
• NACH Bounce: ₹500 per instance.
• Loan Cancellation: Borrowers can exit the loan within 3 days of disbursement by repaying the principal amount and any applicable charges.
• Foreclosure Charges: Nil, but foreclosure is allowed only after a minimum number of EMIs have been paid.
• Part-Prepayment Charges: Part-prepayment is not allowed.

Factors Influencing Personal Loan Interest Rates

Several factors determine the interest rates offered by Moneyview:

1. Credit Score: A higher credit score reflects good financial management and increases your chances of securing a lower interest rate.
2. Income: Borrowers with higher incomes are often offered lower interest rates, as they are perceived to have a greater ability to repay the loan.
3. Repayment History: A history of timely repayments can make you eligible for better rates.
4. Existing Relationship with the Lender: Customers with an established relationship with Moneyview or its partner banks and NBFCs may receive more competitive interest rates.
5. Debt-to-Income Ratio: Lenders evaluate how much of your income is used to pay existing debts. A lower ratio can result in a lower interest rate.

Types of Interest Rates Offered

Moneyview provides two types of interest rates for personal loans:

1. Reducing or Variable Interest Rate: The interest rate fluctuates based on the Reserve Bank of India’s repo rate adjustments.
2. Fixed or Flat Interest Rate: The interest rate remains constant throughout the loan tenure, regardless of market fluctuations.

How to Secure the Lowest Interest Rate on a Personal Loan

Here are some strategies to help you get the best interest rate on a Moneyview personal loan:

1. Maintain a High Credit Score: Aim for a credit score of 700 or above to qualify for lower interest rates.
2. Compare Offers: Research different lenders and their rates to find the most competitive offer.
3. Look for Seasonal Deals: Keep an eye out for special offers and discounts from lenders during festive seasons or promotional periods.
4. Negotiate with Lenders: If you have a high income or work for a reputable company, you may be able to negotiate a better rate.

Unique Credit Model

Moneyview’s credit model is designed to offer loans tailored to individual needs. Even if you have a low credit score, Moneyview’s proprietary credit assessment algorithm considers various other factors to provide loan offers. This inclusive approach allows more people to access credit when needed.

Customer Support

For any service-related queries or feedback, Moneyview provides customer support through email at care@moneyview.in or by calling 080 6939 0476. The support team is available Monday to Saturday, from 9 AM to 6 PM, excluding public holidays.

Conclusion

Moneyview has established itself as a reliable and secure platform for personal loans in India. With its user-friendly app, quick loan disbursement, minimal documentation requirements, and competitive interest rates, Moneyview makes borrowing money easier and more accessible. Whether you need a small loan for a short-term requirement or a larger amount with flexible repayment options, Moneyview offers a range of solutions to cater to different financial needs. By leveraging technology and partnering with banks and NBFCs, Moneyview ensures compliance with RBI guidelines and provides a safe, transparent, and efficient lending experience.