Looking for the best personal loan in the market? moneyview personal loans come with a whole host of benefits. All you need to do is fulfill our eligibility criteria.

How is Personal Loan Eligibility Calculated?

Personal loan eligibility is calculated based on the borrower’s credit score, income, and age among other factors. In order to get an instant personal loan from moneyview, the following personal loan eligibility criteria will have to be fulfilled -

You must be Salaried or Self Employed (own business)

Your monthly in-hand income should be Rs 13,500/- or more. 

Your salary must be directly credited to your bank account

You must either have a minimum CIBIL score of 650 or a minimum Experian score of 650. Low Credit Score? You may still get a loan based on our own credit-assessment model.

Applicants must be between the ages of 21 years to 57 years

How to Check Loan Eligibility Using moneyview’s Personal Loan Eligibility Calculator?

You can easily do a personal loan eligibility check using our personal loan eligibility checker in a few simple steps. 

Features of moneyview Personal Loans

moneyview personal loans come with the following unique features. 

Loan Amount

Rs. 5,000 to Rs. 5,00,000

Interest Rate(per month)

1.33% and above

Tenure

3-60 months

Application Type

Completely Digital

Processing Fee

2% of the loan amount

Foreclosure

  • No part payments are allowed

  • For foreclosure of your loan, you should have paid a minimum of 6 EMIs

Requirements For moneyview Personal Loan

At moneyview, we value customer experience and satisfaction above all. To ensure a smooth loan application process, we have only a few requirements from the applicants. 

Age

21 - 57

Minimum Credit Score

  • CIBIL Score - 650

  • Experian Score - 650

Documents

  • Your PAN number

  • Your mobile number will have to be linked to your Aadhaar card for KYC verification

  • Clear selfie taken in a well-lit area

Employment

Salaried/Self-employed

Monthly Income    (minimum)

  • Salaried - Rs. 13,500 

  • Self-employed - Rs. 15,000

Method of Salary Payment

Must be credited directly to the applicant’s bank account

Personal Loan Eligibility Criteria Based On The Applicant’s City Of Residence

The income and credit score requirements will vary based on the applicant’s city of residence as illustrated in the table given below -

Income and Credit Score Eligibility Criteria

Salaried Individuals

Minimum In-Hand Income

Area of Residence

CIBIL Credit Score Requirement

Rs 13,500

Any

CIBIL Score of 650 /Experian Score of 650 and above

Rs 20,000

Mumbai/Thane or the NCR region (Delhi, Noida, Gurgaon, Ghaziabad, Faridabad, etc.)

New to Credit or CIBIL Score of 650 /Experian Score of 650 and above

Rs 15,000

Metro City other than Mumbai and NCR

CIBIL Score of 650 /Experian Score of 650 and above

Self-Employed Individuals

Rs. 15,000

Any

CIBIL Score of 650 /Experian Score of 650 and above

Tips for Self-Employed Person to Check Eligibility

If you are a salaried employee and wish to avail a personal loan, you will need to fulfill the following eligibility criteria -

If these criteria are fulfilled, here is a tip for you to get the best out of your personal loan.

If you know the loan amount that you wish to get, the repayment term, and interest rate, you can easily find out your EMI using the moneyview Personal Loan Eligibility Calculator. Doing so can help you plan out your budget as well as ensure that you are able to repay the loan on time.

How to Apply for An Instant Personal Loan

Borrowers can now get instant personal loans from moneyview in just 4 steps. Here’s how!

Find out the maximum loan amount you’re eligible for online in 2 minutes using our personal loan eligibility checker

Choose a custom loan amount and the repayment period that suits your financial needs

Provide your personal details and upload the necessary documents, all on the app or website

Get the loan amount disbursed to your account in 2 hours of approval

How to Calculate The EMI For My Personal Loan?

It is very important to check your personal EMI based on your loan amount, and interest rate. Checking your EMI beforehand will help you plan your monthly finances and lead to a healthy financial life.

You can check your EMI using our personal loan EMI calculator.

moneyview’s personal loan EMI calculator takes only a second to calculate your EMI. Moreover, you can check your EMI any number of times, and for any amount, interest rate, or tenure. 

Conclusion

Your personal loan eligibility is calculated based on various factors such as your income, credit score, age, etc. When all the conditions are optimally satisfied, you will be able to avail a loan easily and at competitive interest rates. What’s more?

At moneyview, we use a unique credit rating model which means that even if your credit score is on the lower side, you can get a personal loan easily.

To get an instant loan within 24 hours, visit the moneyview website and download the app and apply today!

Personal Loan Eligibility - Related FAQs

In order to be eligible to get a personal loan from Money View, you must meet the following criteria -

  • You must be salaried or self-employed
  • Your monthly in-hand income must be Rs. 13,500 and above for salaried applicants and Rs. 15,000 and above for self-employed applicants
  • Your income must be credited directly to your bank account
  • You must either have a minimum CIBIL score of 650 or a minimum Experian score of 650
  • You must be between the ages of 21 years and 57 years

If you fulfill the above personal loan eligibility criteria, you can apply for a loan from Money View and finish our eligibility check which only takes two minutes. Based on this, we will create a custom loan offer tailored to meet your needs and requirements.

Yes, you can. You can get an instant personal loan as long as your salary is Rs. 13,500 per month if you are salaried and Rs. 15,000 per month if you are self-employed. However, to be eligible, your salary must be credited to a bank account directly.

Money View personal loan eligibility check takes just 2 minutes to complete. You can check your personal loan eligibility by either visiting the Money View website or by downloading our app.

Yes, you can. At Money View, we believe that access to financial services is a basic right for all. If you are a salaried employee and you earn Rs. 13,500 per month or if you are self-employed and you earn Rs. 15,000 per month, you can still apply for a personal loan from Money View.

The maximum amount you can borrow from Moneyview is Rs. 10 lakhs. However, we provide a custom offer for each applicant based on their eligibility criteria therefore this amount may vary.

In order to get a personal loan from Money View, you need to fulfill the following criteria -

  • If you are a salaried employee, you will need to earn a minimum of Rs. 13,500 per month
  • If you are self-employed, you will need to earn a minimum of Rs. 15,000 per month

Your salary must be credited to your bank account directly.

Your salary is one of the most important eligibility criteria that lenders consider while disbursing loans. At Money View, you need to have the following minimum salary to be eligible for our personal loan -

  • If you are a salaried employee, you will need to have a minimum monthly income of Rs. 13,500 
  • If you are self-employed, you will need to earn a minimum monthly income of Rs. 15,000

Your salary must be credited to your bank account directly.

No, you do not have to. The entire loan application process is completely free of cost. All you have to do is fulfill the eligibility criteria before applying for our personal loan 

Your income is one of the most important factors that determine your personal loan eligibility. Higher the income, greater is your ability to repay the loan. However, if you have multiple loans running at the same time then your repayment ability will be affected.

This is why before you get a loan, it is important to ensure that you are in a comfortable position to repay.

At Money View, we require applicants to have  a minimum monthly income of Rs. 13,500 that is credited directly to their bank account.

When you apply for a loan, your lender will consider your existing debts. If you have a high debt-to-income ratio, i.e. you are repaying multiple loans through your existing income, then your perceived creditworthiness will be low. It indicates that you may not be able to repay a new loan easily if you are already repaying multiple loans and this will impact your eligibility criteria and your ability to avail loans easily.

Therefore, always try to keep your debt-to-income ratio low.

At Money View, we use a unique credit rating model that considers criteria including but not limited to your credit score. Therefore, even if your credit score is on the lower side, you can still get a personal loan from Money View.

The minimum credit score requirement is a CIBIL score of 650 and above or an Experian score of 650 and above.

You need to be between 21 years to 57 years in order to get a personal loan from Money View.

Since we use our own credit rating model at Money View, you need to have a minimum CIBIL score of 650 or a minimum Experian score of 650 to get a personal loan from us.

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