Through this article, I am going to talk to you about the Money View Loan App; if you want to know what the Money View Loan App is and how to take a loan from Money View? So, read this post carefully.
At some point in life, everyone needs a lot of money, due to which people think of taking a loan. In today’s time, there are many companies that give you instant loans.
There are many companies whose loan-giving process is paperless, and they give you the loan only after getting the information on the phone. Money View Loan App is also there in the same app.
Here, I am going to give all the information about this app. If you want to know all the information related to this app, then read the post carefully.
What is the Money View App?
Money View is a loan money app from where you can take personal loans ranging from Rs 10,000 to Rs 5 lakh. Here, you get the loan within a few hours, and it is also transferred to your bank.
The interest rate of the loan ranges from 16% to 39%. The time given to repay the loan ranges from 3 months to 5 years. This app supports 8 languages.
Employed people and people running their own businesses can also take loans from this app. Talking about rating, this app has a rating of 4.5 on the Google Play Store and has received more than 10 million downloads.
- Loan Amount: From ₹10,000 to ₹5,00,000
- Repayment Duration: From 3 months to 5 years
- Annual Interest Rate: From 16% – 39%*
- Processing Fees: From 2% – 8%*
Eligibility to take a loan
- To take a loan, the minimum CIBIL score should be 600 or Experian 650.
- The age limit should be between 21 to 57
- Income should be received in your bank account
- The minimum monthly salary should be 15,000 to 20,000
- Non-Metros – Rs 15000
- Mumbai – Delhi/NCR – Rs 25000
- Other Metros – Rs 20000
Documents required for loan
- Aadhar card
- PAN card
- bank statement
Loan interest rate?
The loan interest rate ranges between 16% per annum to 39% per annum, depending on your credit score, income, and other factors.
How to take a loan?
It is very easy to take a loan from Money View App. First, download and open the app; after that, fill in your basic details, and in 2 minutes, you will know whether you are eligible for the loan or not.
Select your loan amount and repayment tenure, then complete your KYC and verify your income. After this, the money will be transferred to your bank within a few hours.
Follow the following steps to apply for a loan
Step 1: Download and open the app, select the email ID with which you want to create an account, and send the mobile number.
Step 2 – Enter your mobile number and click on Continue
Step 3 – Choose your Employment Type. If you are salaried, then choose Salaried; otherwise, choose Self-Employed. On clicking on the Salaried Option, the following questions will appear:
Step 4: Select the name of your company, your monthly income, and the means of getting your salary, i.e., through which salary comes (cash, cheque, online).
Step 5: Choose the bank in which your money is kept. If you have bank state in PDF format, then click on Yes; otherwise, click on No.
Step 6: Select the purpose of taking the loan, i.e., for what reason do you want to take the loan? Select whatever the reason is and click on Continue.
- Select your Gender.
- Write your first name.
- Last name.
- Fill in your DOB, PINCODE, Education level, and PAN Card Number, and tick on I Agree.
- Click on Get Offer.
Step 8: After this, all your details will appear in front of you. You can also change your details by clicking on Edit. When all the details are correct, click on Confirm And Check Eligibility.
Step 9 – Select your language for Customer Service Calls and WhatsApp, Email, and SMS, and click on Save & Continue
Step 10: After this, it will offer a loan of up to Rs 30,000 as per your eligibility. Now, you will be asked to upload the bank statement.
Step 11: Click on Get Confirmed Offer, after which select your bank and upload your bank statement. You can also verify your income through Net Banking.
Step 12: It will take some time for the bank statement to be verified, so wait, after which your loan amount will be confirmed. Loan Amount and Tenure will also be written on the new page.
Step 13: To take the loan, click on Apply Now, after which a congratulatory message will appear, then click on Continue.
Step 14: After this, select the loan amount you want to take. If you want to take the full loan of Rs 30,000, then leave the line as it is.
Step 15: For less loan, you can reduce the line or type the loan amount; after this, select your tenure i.e., the number of days for which you want to take the loan.
Step 16: Click on Apply Now after which a new page will open in which fill father’s full name and mother’s full name. After this, if you have your own house, then click on Owned; otherwise, on Rented.
Step 17: Fill in your current address and click on Continue. After this, fill in your company details and click on Continue.
Step 18: After this, you will have to complete KYC. To complete KYC, click on Verify KYC Instantly, after which an OTP will come on your registered mobile, which has to be filled.
Step 19: After this a new page will open in which enter your PAN card number and after ticking the agreement and filling in the remaining details, your loan will be transferred to your bank.
After following all these steps, you will get the loan, which will also be transferred to your bank.
Fees and Hidden Charges
Money View App charges 2% to 8% of the total amount in the name of the processing fee. Suppose your loan is Rs 50,000, then after deducting the processing fee and GST, you will get Rs 47,935.
When and how to repay the loan?
The due date of the loan is the 5th of every month. The money is automatically auto-debited from your account on the 5th. If you want, you can repay the loan before the due date.
To repay the loan, you have to click on Pay Now; after this, you can make payment through UPI, Debit Card, or Net Banking.
Let me tell you that if the EMI is not deposited on the due date, they give 2 days, even after this, if the EMI is not deposited, a bounce charge of Rs 500 and 2% of Late Fees is taken from your bank.
Money View is a very good app for taking loans, and it has a rating of 4.5 on the Play Store. If we compare it with the ratings of other loan apps, then its rating is the highest.
If you are thinking of taking a loan, then definitely use this app. If you have taken a loan from this app, share your experience so that others can also know about it.