Step-by-Step Guide to Applying for a Personal Loan on the Money View App

The Money View app serves as an easy-to-use platform for individuals looking for swift and straightforward personal loans. It provides loans up to ₹5 lakhs, featuring flexible repayment terms and attractive interest rates beginning at 1.33% per month. The borrowing process is streamlined through a completely digital application. This guide offers a comprehensive, step-by-step walkthrough.

How to apply for a personal loan using the Money View app

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Step 1: Download the Money View App

Where to Download

Begin by downloading the Money View app from the Google Play Store or Apple App Store. The app is free and compatible with most smartphones.

Step 2: Register on the App

Create Your Profile

Once installed, open the app and register using your email ID and mobile number. Verify your mobile number via OTP to proceed further.

Enable Permissions

The app may request access to your location, SMS data, and device information. These permissions help assess your creditworthiness and streamline the application process.

Step 3: Check Eligibility

After registration, provide basic details like your name, date of birth, employment status, and monthly income. Within 2 minutes, the app will evaluate your eligibility for a loan based on factors like income, credit score (minimum 600), and age (21-57 years).

Step 4: Choose Loan Amount and Tenure

If eligible, select the loan amount (₹10,000 to ₹5 lakh) and repayment tenure (up to 60 months) based on your financial needs. The app provides flexibility to tailor these options.

Step 5: Upload Documents

Required Documents

Upload essential documents digitally through the app:

• Identity Proof: PAN card and Aadhaar card.

• Address Proof: Utility bills or rental agreements.

• Income Proof: Last three months' bank statements showing salary credits.

Ensure all documents are valid and legible to avoid delays in processing.

Step 6: Complete Digital KYC Verification

Complete the mandatory Know Your Customer (KYC) verification online by submitting your Aadhaar details or other government-approved identity proofs.

Step 7: Confirm Details and Submit Application

Final Review

Kindly ensure that all entered details are thoroughly reviewed before submitting. You can also apply promo codes (if available) for concessions on processing fees. Once verified, submit your application for approval.

Step 8: Quick Processing Loan Approval and Disbursement

Money View typically processes loan applications within 24 hours if all documents are in order. Once approved, you’ll receive a notification to review and accept the loan agreement. The loan amount is credited directly to your bank account within 2 hours of acceptance.

Benefits of Applying Through Money View App

1. 100% Digital Process: No paperwork; everything is done online.

2. Quick Eligibility Check: Know if you qualify within minutes.

3. Flexible Options: Choose loan amounts as low as ₹10,000 or up to ₹5 lakh with a customizable tenure.

4. Fast Disbursal: Receive funds in as little as 2 hours post-approval.

5. Transparent Terms: No hidden charges; clear interest rates starting at 1.33% per month.
   

Conclusion

Applying for a personal loan on the Money View app is simple, fast, and entirely digital. With minimal documentation requirements, quick eligibility checks, flexible repayment options, and speedy disbursal times, Money View ensures that borrowers can access funds conveniently when they need them most. Follow this step-by-step guide to get started today!

FAQs

1. What is the minimum loan amount I can apply for? You can apply for a loan starting with ₹10,000.
   

2. Could you please let me know the time frame for loan disbursement? Once approved, loans are disbursed within 2 hours.
   

3. Can self-employed individuals apply? Yes, self-employed individuals can apply but must provide valid income proof.
   

4. What documents are required for KYC? PAN card, Aadhaar card, address proof, and bank statements are required.
   

5. Can I prepay my Money View personal loan? Yes, you can prepay after paying at least three EMIs without any extra charges.