Emergency loans are also known as unsecured loans, which implies that borrowers are not required to keep any collateral with the lender to get the loan. As a result, an emergency loan or a personal loan is your personal finance partner that can be utilised to cover unexpected costs. With an emergency loan of Money View, borrowers can cover any unprecedented crisis without having to keep their prevailing investments or assets at risk. With competitive interest rates, less documentation and a quick loan disbursal process you can get the best deal from Money View, here’s how.
Table of Contents
All You Need To Know Emergency Loans of Money View
To fulfill your need for an emergency personal loan in India, check the features and benefits of Money View discussed below:
-
Flexible tenure and loan amount:
Money View provides you with the option to borrow loan amounts that range from Rs. 5,000 to Rs. 5,00,000 with flexible tenure of up to 5 years.
-
Quick loan disbursal with minimum documentation:
Upon successful authorization of loan application, the loan amount is transferred to your account within a matter of minutes. Money View Emergency Personal Loans require less paperwork, and the entire procedure is completed online, from application to disbursement, which ensures that you can cover your emergencies without having any pause.
-
Competitive interest rates:
Low-interest rates starting from 1.33% per month (16% p.a) are available with Money View Emergency Personal Loans. Other charges, apart from interest rates, will be affordable which can ease your goal to cover personal finance emergencies.
-
Collateral-free loan:
Money View personal emergency loans don’t require any collateral by borrowers. Only you need to meet our eligibility criteria and after that, you can fund your emergency as soon as possible with our emergency loans.
Key factors to consider while applying for an emergency loan with Money View
To get the best emergency loan deal, here are the key factors that you need to consider:
Credit Score:
Make sure you have a good credit score before applying for an emergency loan. Having a good credit score increases your odds of getting a better interest rate on an emergency loan. As a result, it is recommended that you maintain a minimum credit score of 650 to apply for an emergency personal loan with Money View.
Income criteria:
A personal loan, like other types of loans, requires fulfilling certain eligibility criteria. And your income or salary has a significant influence on the eligibility requirements. Both salaried employees with a minimum salary of Rs 13,500 and self-employed individuals with a minimum salary of Rs 25,000 are eligible to apply for an emergency loan with Money View.
Interest rates: Your monthly EMI payments are mostly determined by the interest rate on your personal loan. Before placing a tag on any personal loan offer, it’s essential to evaluate interest rates. A cheaper interest rate will allow you to pay off your debt more quickly. Money View offers an emergency loan that starts from 1.33% per month.
Charges: A personal loan comes with its own set of charges. processing fees, late payment fees, a penalty for a bounced check, are expenses among them. Money View charges processing fees range from 2.5 per cent to 6.0 per cent, 2% per month on overdue EMI/Principal loan amounts, and Rs 500/- for each cheque bounce.
Documentation: An instant personal loan or emergency loan is well known for its minimum documentation. As a result, with Money View, you only need to submit your identity proof (Aadhaar Card, PAN Card, Voter ID Card, or Driving License, address proof (Aadhaar Card, Ration Card, Voter Id, and Utility Bills) and income proof (bank statements of the last 3 months, monthly salary slip, and Income Tax Returns of the last 2 years if self-employed).
How to apply for an emergency loan with Money View?
Because of the convenience of the loan application process, MoneyView Personal Loans is the ideal option for an emergency loan. To apply for a loan right away, simply follow the easy steps outlined below.
- Visit moneyview.in and click on ‘Check Your Eligibility in 2 mins’ at the bottom of the page.
- Now enter your mobile number and click on ‘Send OTP’
- Verify the OTP and check your eligibility criteria by entering the required details.
- Select the loan amount and repayment period according to your eligibility.
- Now enter your personal details and upload the necessary KYC documents for verification.
- Upon successful authentication of your application, your loan amount will be disbursed to your account within 2 hours.
Related Articles: Apply for Medical Emergency Loan
Conclusion
When it comes to meeting your unseen emergencies a short-term personal loan can be immensely helpful. Due to their quick loan disbursal process, minimal paperwork, attractive interest rates and flexible tenure emergency loans or personal loans are the best to bet. You can use a personal loan EMI calculator to figure out how much you’ll have to pay every month and also select a repayment schedule based on that. You can opt for all these advantages with instant personal loans from MoneyView, so undoubtedly you are getting the best deal across the country.
