Online Personal Loan for Salaried Individuals


Between fulfilling personal needs and growing social responsibilities, managing finances successfully becomes tedious at times. For a salaried individual, managing sudden expenses can bring a lot of stress in their day-to-day lives. Personal loans at that point help to mitigate any shortfall that can hinder your plans.

Outlook on Salaried Individual

A salaried individual is the one who provides full-time services to an organization and in turn receives a predefined amount of salary in their account at the end of the month. An exempt employee/salaried individual holds a secure job, however they will not be able to earn overtime. It is easier to get a personal loan for a salaried individual. 

Types of Personal Loan

Money View provides a helping hand to those who need financial support for their personal obligations. If you are curious to know in which circumstances a personal loan from Money View can help you, here are some of the reasons where your association with Money View can be fruitful.

  • Personal loan for Debt Consolidation: Money view offers a low-interest personal loan. So if you want to close your other high-interest loans, a personal loan is the most preferred.
  • Personal loan to Build Credit History: If at any point you feel your credit score is less and you want to build a good credit history, get a loan and pay back all on time.
  • Personal Loan for Home Remodeling and Interior Furnishing:  A home is where the heart lies. As you build your dream home once in your lifetime, give your best by taking the personal loan. Also, to give your home a new look with the latest model you can enroll for a loan.
  • Personal Loan for Dream Vacations: Vacations should be always memorable. Apply for Money view’s personal loan to spend your vacation exotically.
  • Personal Loan for Emergency Expenses: Life is uncertain. To overcome any unexpected expenses and bills, such as medical costs, instant loan for salaried individual is apt.
  • Personal Loan for D-day Events: Make your wedding day or party an exclusive one with our personal loan.
  • Personal Loan for Credit Card Dues: These days’ personal demands are skyrocketing and so are the credit card bills. To pay off all your high-interest credit card charges, it is useful.
  • Personal Loan for Higher Education: Fees are the biggest fret for many when it comes to higher education. A personal loan can offer big support then.
  • Personal Loan for Business Ventures: Young entrepreneurs mostly encounter problems in their initial investment. With this loan you can fearlessly commence your own business.

 Features and Benefits of Personal Loan

  • Quick Eligibility Check – You can easily check your eligibility on our website in 2 minutes and get the loan disbursed in your bank account without any hassle in just 2 hours.
  •  Paperless Model – Our personal loan application is completely paperless, from documentation to verification and repayment. Our entire loan application process is fully digital.
  • Unique Credit Model – Low credit score or CIBIL score makes it difficult to get your loan approved. Money View’s alternate credit model comes handy at those scenarios. With this model, you can still get your loan sanctioned in spite of poor or no credit score.
  • Access Anywhere within India – With the Money view’s online application process, you can easily apply online and borrow money. Your physical presence cannot be a barrier anymore in the process of applying for loan.
  • Lower Interest Rates – Our personal loan plan offers flexible repayment terms that can extend up to 5 years against a loan borrowed, starting from Rs.10,000 and going up to Rs.5,00,000. You can also avail of the benefits of low-interest rates starting at 1.33% per month.

Eligibility for Personal Loan

The process of getting a personal loan approved from Money View is easy. However, there are a minimal prerequisites for applying a loan be it a salaried individual or a self-employed individual. Here are the main eligibility criteria that you should know to get your instant loan application sanctioned:

For Salaried Individuals:

  • Should be aged between 21 years and 57 years
  • Minimum Experian score of 750 or more
  • Minimum CIBIL score of 650 or more
  • Minimum in-hand income of Rs.20,000, if your location is Mumbai/Thane or the NCR region (Delhi, Noida, Gurgaon, Ghaziabad, Faridabad, etc.)
  • Minimum in-hand income of Rs.15,000, if your credit score is more than 675 and you’re located in a metro city other than Mumbai/NCR)
  • Minimum in-hand income of Rs.13,500 for all others
  • Minimum in-hand income of Rs.20,000 if you are new to credit (bureau score between 1 and 299)
  • All income should have been credited to a bank account

For Self-Employed Individuals:

  • Should be aged between 21 years and 57 years
  • Minimum Experian score of 750 or more
  • Minimum CIBIL score of 650 or more
  • Minimum in-hand income of Rs.25,000
  • All income should have been credited to a bank account

What are the Documents Needed for Loan Application?

Once you find yourself eligible for the personal loan, the next step is to keep all the documents ready. The three documents that are required for applying for personal loan at Money View are ID proof, address proof, and income proof. Any of the original document with the correct address, date of birth, or income proof can be submitted along with your loan application:

Types of Documents Salaried Individual Self-Employed Individual
ID Proof Aadhaar Card/ PAN Card/ Valid Driver’s License/ Valid Indian Passport or Voter ID Card   Aadhaar Card/ PAN Card/ Valid Driver’s License/ Valid Indian Passport or Voter ID Card  
Address Proof Aadhaar Card/ Bank Statement/Passbook/Ration Card/Utility Bill / Valid Driver’s License/ Valid Indian Passport or Voter ID Card   Aadhaar Card/ Bank Statement/Passbook/Ration Card/Utility Bill /Valid Driver’s License/Valid Indian Passport or Voter ID Card  
Income Proof Last 3 months bank statements in PDF format reflecting salary credits   Last 3 months salary slips with important details including your employer’s name that is clearly legible.   Last 3 months bank statement in PDF format   Income Tax Returns of last 2 years with important details, including tax paid details being legible.  

Personal Loan Interest Rate and Other Charges for Salaried Person

Money View offers a multitude of advantages to those who enrolls for a personal loan. Along with the convenience of offering a completely paperless loan process, the Money view also ensures to offer loans at highly competitive interest rates and flexible repayment terms.

A quick insight on the Interest Rate chart:

Fees & Charges Amount to be Paid
Low Interest Rate Starting from 1.33% interest rates per month
Loan Processing Charges Starting from 2.5% and going up to 6% of the approved loan amount
Interest on Overdue EMIs 2% per month on the overdue EMI/Principal loan amount
Cheque Bounce Rs.500/- for every bounce
Loan Cancellation No additional charges will be levied apart from the interest amount for the period between loan disbursement and loan cancellation. Processing fees will also be retained.

Why Personal Loan Application Can Get Rejected?

Though applying personal loan for salaried employees at Money View is easy. There are certain factors that may impact the loan approval process. The reasons that can contribute to the rejection of loan application are:

  1. Inadequate Annual Income: Your annual salary is the metaphor of your repayment capabilities. So, depending on your salary the loan amount gets sanctioned. Thus, having insufficient income can directly affect your personal loan application.
  • Multiple Commitments: Your instant loan application can get rejected if you have too many credit lines that are currently open and there’s no room for more credit. This can include other loans like home loans and credit card bills. It can even include your monthly commitments like rental and living expenses among others.
  • Low Credit Score: Your credit score is directly proportional to your borrowing capabilities. Thus, organizations are hesitant about offering personal loans for salaried persons with fewer credit scores. Higher the credit score better are the chances for the loan to get sanctioned and vice versa. So it is always wise to maintain a higher 3-digit credit score. The few factors that can affect your credit score are payment consistency, the number of credit lines, repaying history, and the duration of open credit lines.
  • Numerous Loan Enquiries & Applications: One mistake that often you conduct unknowingly is making multiple enquiries from different lenders. Multiple enquires or applications can directly impact your loan application process. Thus, before applying for any personal loan from Money View restrict yourself from making new applications or enquiries.
  • Invalid or Incorrect Information: Filling out the application form correctly is crucial. So, you should not make any mistake to avoid the chances of application rejection.
  • Employment Status: Your employment history plays a vital role in your ability to repay your personal loan. Any instability or frequent breaks in your employment history can compel lenders to think about your consistency in repaying the loan amount. This may affect your loan application process too.

How to Apply for an Instant Loan from Money View?

Applying for loan from Money View is easy and hassle-free, and can be accomplished in just four easy steps. There are two ways of applying loans via a Money view. The first one is through the Money view’s website and the second one is by downloading the app directly in an android.

  • The process to Apply for Personal Loan for Salaried Employee up to ₹5 lakhs Online?

Step 1: Checking Your Eligibility:  Money View’s process is transparent and so you can easily check the maximum loan amount you are eligible for in just 2 minutes. You can just log in to our website and click on the check eligibility button present on the home page. The check Eligibility Information page will open, where you have to enter the following details like company name, email ID, etc. and click on the Continue button. On doing this, the amount of loan you are eligible for will be displayed on the screen.

Step 2: Selecting a Plan: This is a decision making step where you have to select the required loan amount and suitable repayment period for repaying the loan amount.

Step 3: Uploading Your Documents: Once you finalize on the plan you are choosing, you have to enter your personal details and upload the necessary documents, all on the Money View’s app or website.

Step 4: Loan Disbursement: As soon as you submit all the required documents, the loan amount is disbursed to your account in just 2 hours.

How to Apply Personal Loan through Money View’s app?

Step 1: Use an android phone and login to the Google play

Step 2: Search for Money view “Instant Personal Loan App”

Step 3: With a registered email ID, download the Money View Loans app by clicking on Install Button

Step 4: Select your preferable plan

Step 5: Upload all the required documents like ID proof, address proof, income proof etc.

Step 6: Once all the documents are verified, your loan amount will be credited to your bank account

How to Track Your Personal Loan

Applying loan is easy, but tracking the status of your loan application is far easier. At any point of time to know the status of loan application, you can either login to our website or open the Money View’s app directly. The simple steps to track the status of your application are as follows.

  • Tracking through Money view’s website:

Step 1: Visit Money view’s website

Step 2: Go to the login section

Step 3: You should login into your loan account with your registered email ID

Step 4: Go to the “Dashboard” section of your loan account

Step 5: Scroll down to the “Application Status” tab to know the current status of your loan application

  • Tracking through Money view’s app:

Step 1: Open the Money View loan app

Step 2: Go to the “Loans” section

Step 3: It will be directed to the “Application Status” screen where you can check your application details


Is there any application processing fee?

Ans: Yes, there is an application processing fee.

What is an EMI?

Ans: EMI (Equated monthly income) is fixed periodic payments by a borrower to a lender at the end of each month.

Is part-time payment available for loan foreclosure?

Ans: No, part payment is not allowed.

What is required for full payment of the personal loan foreclosure?

Ans: For full payment of your loan, you should have paid a minimum of 3 EMIs.

What all documents can be submitted for utility bill? Ans: Telephone Bill/Electricity Bill/Gas Bill/Water Bill that includes your name and address and is dated within the last 60 days can be submitted.