Is the MoneyView loan app safe for borrowing money online?
The surge in online loan platforms reflects a growing demand for loans, but not all sites are trustworthy, posing risks to personal and financial data. However, amidst these concerns, MoneyView loan app stands out as a safe and user-friendly option in India. With our comprehensive guide, we simplify the search process by outlining loan amounts, interest rates, and repayment terms.
MoneyView, licensed by the Reserve Bank of India, boasts over 60 million users and offers personalized loans and financial services. Through innovative technology, it facilitates tailored loan solutions, credit behavior monitoring, and a savings feature with attractive returns.
| Loan limit | Rs. 5,000 – Rs.10 lakhs |
| Repayment Period | 3 – 6 months |
| Interest rates | 1.33% – 5% |
| Loan processing | starts at 2% |
| Loan Requirements | Download and install MoneyView app |
What are the loan requirements for MoneyView?
The primary document required for loan application is a PAN Card. But, the following documents are needed for proof of address and income:
- Aadhaar Card
- Valid Indian Passport
- Valid Voter ID
- Last 3 months’ bank statements of your salary account
What is the loan limit on Money View loan app?
MoneyView allows borrowing amounts of up to Rs. 10 lakhs. However, the specific loan amount available to you, ranging from Rs. 5000 to Rs. 10 lakhs, depends on your monthly income and credit score. A higher credit score, indicative of sound financial habits like timely bill payments and proper credit management, qualifies you for larger loan amounts and lower interest rates. To be eligible for personal loans at favorable interest rates, a minimum CIBIL score or Experian score of 650 is required.
What is the repayment period for Moneyview loans?
The repayment timeframe ranges from 3 months to 60 months, meaning that your repayment duration will vary between three and sixty months based on the loan amount you’ve borrowed. When applying for a personal loan via MoneyView, no collateral is required.
What types of interest rates are offered at MoneyView loan app?
There are two main types of personal loan interest:
1. Reducing or Variable Interest Rate
The variable interest rate of a personal loan fluctuates regularly and is linked to the Reserve Bank of India’s repo rate adjustments. This type of interest rate is also referred to as a lowering or variable interest rate.
2. Fixed or Flat Interest Rate
The interest rate on the loan amount is fixed under this method and remains constant throughout the loan term. The lender determines it based on assumptions about the average discount rate over the loan term
What are the advantages and disadvantages of MoneyView Loans ?
| Pros | Cons |
| Fully personalized products Zero paperwork 100% transparent 100% peace of mind Easy loan application process | Privacy concerns |
How can I apply for a loan at MoneyView?
To apply for a loan at MoneyView, simply follow the steps listed below:
1. From your web browser go to the moneyview website and fill in the online application form
2. Look through the various loan offers available and then choose one that suits you best with it’s repayment period
3. Upload the required documents depending on the type of loan you are applying for.
4. Check all the information you have provided to ensure they are correct and then submit your loan application
5. Submitt your loan application, wait for feedback. The application is reviewed by MoneyView to make sure you qualify for the loan.
6. A notification from MoneyView is sent to your phone notifying you about the loan approval.
The entire process from application to disbursal is quick and hassle-free.
How can I contact MoneyView?
You can contact them through their contact support page online or at their offices located at No. 17, 3rd Floor, Survey, 1A, Outer Ring Rd, Kadubeesanahalli, Bellandur, Bengaluru, Karnataka 560087, India
Editor’s Remarks
It’s fair to conclude that MoneyView offers an excellent choice for obtaining funds. Its user-friendly interface and easy loan application process make it particularly convenient, with no paperwork required.
The Moneyview loan app secures the information a user provides against data threats, making it one of the safest loan apps.
Frequently Asked Questions
The MoneyView app is widely acknowledged as a legitimate financial platform, employing advanced 256-bit data encryption for secure data management. Additionally, users can explore reviews on the Google Play Store to gain insight into others’ experiences with the app.
You can choose a loan from Rs 5000 upto Rs 10 lakhs. The loan amount you qualify for will depend on your credit score and financial information like income.
From documentation to repayment, the entire loan application process is done online. After the loan is approved, money is deposited in your bank account within 2 minutes.
