Wednesday, February 8, 2023

Money View Personal Loan EMI Calculator, 16% Interest Rate

Money View Personal Loan is available with a fair interest rate and 3 Month to 5 Years period of repayment. Through this app, you can get a loan of 10000 to 500000 with very little interest.

MoneyView Loan is available with an annual interest rate of 16% to 39% to meet your monetary requirement. You can use this amount to repair the home, domestic expenses, wedding expenses, etc. Money View Personal Loan can be helpful for you due to its low-interest rates and flexible tenure.

MoneyView Loan, Instant Personal Loan Detail

Application NameMoneyView Loan: Personal Loan App, Instant Loan
Interest Rate16% to 39% Per Annum.
Processing feeProcessing Fees of 2% to 8% will be deducted from the loan amount + GST
CardMoney View co-branded card for all your digital spends
Loan Tenure3 months to 5 Years
Minimum Income RequireSalaried 13,500 and Self-Employed 25,000
Amount of MoneyUp to 5 Lakh
Age Limit21 – 57 Year
Available Locations in IndiaOver 5000 locations
ExampleLoan Amount: Rs 50,000
Tenure: 12 Months
Interest Rate: 24% (on Reducing Principal Balance Interest Calculation)
Processing fee 3.5% = 1750+GST=2065
EMI Amount: Rs 4,728
Disbursed Amount is Rs. 47,935
Total Interest Payable: Rs 6,736
Total Amount Payable: 56,736/-

Must be Read:-

Features of Money View Personal Loan

There are many advantages to taking Instant Personal loans in Money View Loan App. After knowing about it, you would also like to take instant loans through this app. This app can help meet your monetary requirements.

Quick and Easy Application Process: MoneyView Loan provides all its users the facility to apply for loans online through the app, and users can avail of the paperless process. The process of loan application is completely digital and a contactless process. The document is digitally signed but will not be a physical meeting.

Instant Loan Approval: MoneyView loan app uses advanced technology to provide instant loan approval to eligible applicants.

Competitive Interest Rates: The app offers attractive rates of interest that are competitive with other personal loan providers. With MoneyView, interest is only applied to the amount as much as you have used, not to the total amount of money approved for you.

Flexible Loan Tenure: Users can choose a loan tenure that best suits their repayment capabilities. Borrowers are given a time of 3 to 60 months to pay the loan. Loan EMI will depend on the loan period you choose.

Customizable Loan Amount: Users can select the loan amount per their requirement up to a specific limit.

Easy Loan Tracking: Users can track the status of their loan application and disbursement through the app.

Multiple loan options: Money View offers numerous loan options like personal loans, business loans, and home loans

Online Repayment: Users can pay the loan through the app using various modes like online banking and credit/debit cards.

EMI Calculator: Users can use the in-built EMI calculator to know the EMI to be paid before availing of the loan

It is important to note that the features and terms of service provided by the app may vary depending on the type of loan, so it is always important to check the terms and conditions of the app before applying for a loan.

Money View Personal Loan Interest Rate

However, Moneyview Loan is a fintech company that provides personal loans to individuals. The interest rate on a personal loan through Money View Loan App would depend on various factors such as creditworthiness, income, and loan amount. In general, Money View personal loan interest rates can range from around 16% to 39% per annum.

Money View Personal Loan

Factors That Affect Money View Personal Loan Interest Rates

Several factors can affect the interest rate on a personal loan, including:

Credit score: A borrower with a higher credit score will typically qualify for a lower interest rate.

Income: Lenders will typically require proof of regular income to qualify for a personal loan, and a higher income can help a borrower for a lower interest rate.

Debt-to-income ratio: Lenders will also look at a borrower’s debt-to-income ratio, which is the amount of debt they have compared to their income. A lower debt-to-income ratio can help a borrower qualify for a lower interest rate.

Loan amount: The loan amount can also affect the interest rate. A high loan amount may have a higher interest rate than a smaller loan.

Market interest rate: The economy, central bank, and the overall interest rate environment can affect the personal loan rate.

It is important to note that these are general guidelines, and the specific interest rate offered to a borrower will depend on their circumstances and the lender’s policies.

Eligibility Criteria for Money View Personal Loan

  • Only Indian citizens can apply for personal loans.
  • The person should not be less than 21 years.
  • Should have a monthly source of income.
  • You must have a monthly Salary income of Rs 13,500 and a Self-employed Person income of 25,000.

Document Require for Money View Personal Loan

To apply for a personal loan through the MoneyView loan app, you will typically need to provide certain documents as proof of your identity and income.

  • A government-issued ID: such as a passport, driving license, PAN, Aadhar Card, or voter ID card.
  • Address proof: Aadhar Card, Voter ID, driving license, utility bill, rent agreement, etc.
  • Income proof: such as a salary slip or bank statement.
  • PAN Card: PAN card is mandatory for availing of personal loan
  • Income Tax returns: for salaried or self-employed individuals

Please note that the specific documents required by Money View may vary depending on your location and the loan product you are applying for.

How do apply for a Money View Personal loan Online?

  • Install the MoneyView Loan App from Google Play Store.
  • Register by using your mobile number.
  • Fill in your original details to check your loan eligibility. Such as name, home address, monthly income, etc. In some time, you will learn about the loan amount.
  • Full KYC with a Pan Card, Aadhaar Number, and Selfie.
  • Enter your savings account details for a money transfer.
  • Get the loan amount in your bank account in a few hours.
  • Reach us at [email protected] for any of your queries.

MoneyView Loan Fees & Other Charges

Some key charges associated with Money View Personal Loan are given below:

Types of Loan FeesRates & Charges Applicable
Interest RateStarting from 1.33% per month (16% Annually)
Processing FeeStarting from 2% of the Approved Loan
Foreclosure ChargesNo Part Payment is allowed for full payment of your loan, you should have paid a minimum of 3EMIs.
Interest Rate on Due Payment2% Per Month
Cheque Bounce ChargesRs. 500/- for every bounced cheque
Loan CancellationNo additional charges levied interest amount for the period between loan cancellation will be payable. Process fees will also be retained.

Money View Personal Loan EMI Calculation

To know the EMI of your loan, you can use the EMI calculator of creditloanz. From the given chart, you can learn the EMI amount of your loan:

Loan Amount and Interest RateMonthly EMI Payout (RS)
1-year loan tenure2-year loan tenure3-year loan tenure4-year loan tenure5-year loan tenure
50,[email protected]% p.a.4,5362,4481,7571,4171,215
1,00,[email protected]% p.a.9,2635,0893,7163,0432,649
2,00,[email protected]% p.a.18,91110,5747,8466,5205,753

Money View loan Customer Care

By Phone: You can call on the company’s customer care number 080-4569-2002

Email: You can also contact customer care via email. The email address for specific queries is below:

Money View Loan app: Personal Loan App, Instant Loan

Application NameMoney View Loan: Personal Loan App, Instant Loan
VersionKOI-7711.374
Updated on23 SEPT 2021
App Downloads10M+
App Download Size17.89MB
Released on20 June 2017
Offered byMoney View: Loan App & Money Manager
Official Websitewww.moneyview.in

Money View Personal Loan FAQ: –

What is a Personal Loan?

Personal loans help you borrow money for the price of personal nature – whether for any other requirement like emergency, education, family marriage, or home renewal. With MoneyView loan, with different loans from 10k to 5lakh, you can enjoy low-interest rates with flexible functions between 3 months to 5 years.

How to apply for an instant personal loan from the Money View Loan app?

If you want to take personal loans from Money View Loan, you must install the Money View Loan app and create your account. You ought to fill in a number of the necessary information. After filling in this data, the app will show your “Instant Personal Loan” eligibility with a qualified interest rate and period. After successfully checking the qualification norms, you will fill in the details of the loan. Know, you will fill in your bank detail so the amount will get transferred to your account. 

What is the interest rate on Money View Personal Loan?

Money View Personal loan is available with an annual interest rate of 16% (1.33% per month) to meet your monetary requirement.

What are the Eligibility Criteria of Money View Personal loan?

You have to meet some conditions to take advantage of credit loans from Money View Personal Loan.
To take advantage of the loan, you must have citizenship in India.
The person’s age is between 21 to 57 years.
You must have a monthly income of rupees. Rs.13500/-

How can I calculate the EMI payable before availing of a personal loan from MoneyView Loan?

You can check EMI payable by using the EMI calculator available on the Money View Loan app. You can put the necessary details to check the EMI payable and check the emission payable. This feature is free for you.

How to contact Money View personal loan customer care?

For any type of query related to Personal Loan, you can also call on the customer care number 080-4569-2002. You can also get an answer to your questions by sending mail to [email protected]

How long does it take to get a loan from MoneyView App?

The loan amount is disbursed to your account within 24 hours of approval. The entire process of availing a loan from Money View, from application to loan disbursal, is paperless and digital. The minimum score required is a CIBIL score of 600 or an experiential score of 650.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

480FansLike
329FollowersFollow
0SubscribersSubscribe
- Advertisement -spot_img

Latest Articles