Hello Everyone welcome to another research article on Loan Limt and Interest Rates Of Moneyview. In this article, we are going to talk about a startup Moneyview. It’s a personal loan, finance management solution, and credit tracker.
Moneyview has newly achieved the tag of Indian unicorn although recently it got funded By Accel India and Nexus Ventures. The Funding is around $4.6 Mn. Accel India has not done this much amount of funding alone. Nexus Ventures has invested around 19.1 Cr. Accel India has invested around 19.5 Cr.
Moneyview was Founded in 2014 by Puneet Agarwal and Sanjay Aggarwal. Competing with the likes of FlexiLoans and Fibe, the fintech startup entered the unicorn club after raising INR 38.6 Cr in an equity funding round from Accel India and Nexus Ventures Combined at a $1.2 Bn valuation.
Moneyview operates as a one-stop solution for personal loans. When it comes to the question of personal loans everyone wants a high loan limit and lower interest rates so, in this article further we will look into the loan limit offered by Moneyview and its interest rates.
Loan Limit Offered By Newly Made Unicorn Moneyview.
Everyone wants to know the maximum loan limit offered by Moneyview so that they can plan their financial status. The amount offered by Moneyview varies from person to person. the amount of loan limit you can get depends upon your profile. So if you are wondering ‘how much a maximum personal loan can get’, this page will cover all the information.
The highest amount offered differs between banks, NBFCs, and other majority money lending platforms. The amount also varies depending on the applicant’s income, liabilities, credit score, etc.
Maximum Personal Loan Amount Offered by Moneyview
At Moneyview, an applicant can get a personal loan of up to Rs. 10 Lakh. It is a hassle-free and paperless process, wherein the eligibility is decided within 2 minutes Depending upon your profile.
Most organizations have a limit which can be anywhere between Rs. 5 Lakh to Rs. 20 Lakh.
Factors That Impact the Loan Limit Of Moneyview
The loan amount that an applicant can get on Moneyview is highly dependent on a few key factors. Some of these are –
- Monthly Income
- Liabilities
- Age
- Credit History
- Applicant Profile
These are some factors Moneyview looks for before approving the loan limit. if you have a good income source and a better credit history Moneyview will offer you a high loan limit that can go up to 10 lakhs.
Eligibility criteria for a personal loan from Moneyview
I have mentioned some of the Eligibility criteria for the approval of personal load from Moneyview. Every financer needs to check their eligibility before approving the loan amount so that it would be easy for them to recover their money.
- If salaried, their minimum income must be Rs. 13,500/-
- If self-employed, their minimum income should be Rs.15,000/-
- The applicant’s age must be between 21 and 57 years
- Their income must be credited directly to their bank account
- Their CIBIL score and Experian score should be 650 or above
These are some of the criteria you need to follow before applying for a loan at Moneyview.
How To Become Eligible For The Loan Approval.
There are many things that you can do to improve your loan eligibility. These are helpful in long-term plans and may be helpful if you are planning to take a big loan in the future from any financer.
- loan amount directly depends on the income of the candidate.
- Improve or build your credit score.
- your debt should not be more than 30-40% of your income.
- Limit the number of creditors you approach for a personal loan.
These are the some points you need to follow to become eligible for loan approval from the money view.
Consider Few Points While Taking A Loan
Here are the points you must remember while taking a loan.
- Must Repay On Time
- Personal Loan Insurance
- Borrow For A Reason
- Borrow Within Your Means
- Do Thorough Research
- Personal Loan Insurance
The maximum personal loan amount is highly dependent on an applicant’s income and other liabilities. Moneyview gives personal loans up to Rs. 10 Lakh. To know more, visit the official website or app of Moneyview.
I hope this article on Loan Limt and Interest Rates Of Moneyview. Help you to figure out your answers.
Official Website
Officaial App
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