How to Apply for a MoneyView Loan: A Step-by-Step Guide

MoneyView is a popular digital platform offering instant personal loans to meet various financial needs. If you’re looking for a quick, hassle-free way to get a loan, here’s a detailed step-by-step guide on how to apply for a MoneyView loan.

Step 1: Check Eligibility

Before you proceed with your application, ensure you meet MoneyView’s eligibility criteria.

Age: You must be between 21 and 57 years old.
Income: A minimum monthly income of ₹13,500 for salaried individuals or self-employed professionals.
Credit Score:
- A minimum CIBIL score of 600, or
- Experian score of 650.
Residency: You must be an Indian citizen with a valid bank account.

Step 2: Download the MoneyView App or Visit the Website

App: Download the MoneyView app from the Google Play Store or the official website.
Website: Navigate to MoneyView’s official website

Step 3: Register and Verify Your Identity

Open the app or website.
Register using your mobile number.
Verify your number with the OTP sent to your registered phone.

Step 4: Fill Out the Loan Application

Enter Personal Details:
- Full name
- Date of birth
- PAN card number
Enter Employment Details:
- Employment type: Salaried or self-employed
- Monthly income
- Organization name (if applicable)
Specify Loan Amount:
- Select the desired loan amount (₹5,000 to ₹5,00,000).
- Choose your preferred repayment tenure (3 months to 60 months).

Step 5: Upload Necessary Documents

You’ll need to upload scanned copies or digital images of the following:

Identity Proof: Aadhaar, PAN, or Passport
Address Proof: Aadhaar, Utility bill, or Rental agreement
Income Proof:
- Salary slips for salaried individuals
- Bank statements or IT returns for self-employed individuals

Ensure all documents are clear and legible to avoid delays.

Step 6: Wait for Eligibility Verification

Once your application is submitted, MoneyView will verify your documents and eligibility. This process usually takes a few minutes to a few hours.

Step 7: Get Loan Approval

After successful verification, MoneyView will display the loan amount you are eligible for, along with the applicable interest rate and repayment schedule.
Review these terms carefully before proceeding.

Step 8: Accept the Loan Offer

If you’re satisfied with the loan amount, interest rate, and terms:

Click “Accept” to proceed.

Step 9: Add Bank Details

Provide the following details of your active bank account:

Account number
IFSC code
Bank name

MoneyView will use this account to disburse the loan amount and collect EMIs.

Step 10: E-Sign the Agreement

Digitally sign the loan agreement using an Aadhaar-based OTP or other e-sign methods as directed by MoneyView.

Step 11: Receive Loan Disbursement

Once the loan agreement is signed, MoneyView disburses the loan amount directly to your registered bank account, usually within 24 hours.

FAQs About MoneyView Loans

Q1: What is the interest rate for a MoneyView loan?
A1: The interest rate ranges from 1.33% to 2.5% per month, depending on your credit profile.

Q2: Can I apply without a CIBIL score?
A2: Yes, you can qualify with an Experian score of 650 or above.

Q3: How long does it take for loan disbursement?
A3: Once approved, the loan amount is credited to your account within 24 hours.

Q4: What are the loan processing fees?
A4: Processing fees range between 2% to 8% of the loan amount.

Q5: Can I prepay the loan?
A5: Yes, you can prepay after 6 months. Prepayment charges may apply depending on the loan terms.

Q6: Is MoneyView safe to use?
A6: Yes, MoneyView is a secure platform regulated by RBI, ensuring your data and transactions are protected.

Q7: What if I miss an EMI?
A7: Missing an EMI can attract late payment fees and impact your credit score. Contact MoneyView for assistance if you anticipate delays.

Q8: Can I reapply if my loan application is rejected?
A8: Yes, you can reapply after 3 months, ensuring you address the reason for rejection.

This step-by-step guide should make your MoneyView loan application process smooth and successful.