The personal loan market in 2021 is setup to grow despite having shortcomings in 2020 due to the pandemic. People want to start fresh. For it to happen, they need capital, which is readily available via an instant personal loan.
So, here we wanted to introduce you to the two unique personal loan lenders offering great deals. It is the PaySense vs Moneyview personal loan. We will provide you with their complete details, which can help you decide the lender to apply for the instant loan. Let’s start with a PaySense instant loan.
PaySense Instant loan
PayU operates PaySense instant personal loan, which is one of India’s best payment gateway company. The loan amount is more than enough to cover any emergency needs. The APR is based on a reducing balance basis.
| The loan amount is offered up to Rs 5 lakh based on the borrower’s eligibility criteria. |
| The processing fee is 2% of the loan amount. |
| The Rate of interest starts at 1.4% monthly. |
| The late fee is Rs 500 |
| The foreclosure charge is 4% on the outstanding loan amount. |
| The loan tenure is from 3 months to 5 years. |
The required documents for the instant loan
- A photograph
- Identity proof ( Aadhar card, PAN card, etc.)
- Address proof ( Electricity bill, utility bill)
- Income proof ( Bank account details)
The eligibility criteria for PaySense personal loan
- Your age should be between 21 years and 60 years.
- You should be a resident of India.
- You should be a self-employed individual or salaried individual.
- Your minimum salary should be at least Rs 12,000 monthly.
Why choose PaySense
- Cheap Rate of interest
- The fast and paperless documentation
- The comfortable and convenient loan application process
How to apply for a PaySense instant loan?
This is perhaps the easiest part. Start by downloading the PaySense app from the Google play store. Register on the app then follows the steps. It will take a few days to disburse the loan amount. Let’s move on to the next part.
Moneyview personal loan
Moneyview personal loan is best for getting quick money from a reliable online lender. Whether you need it for debt consolidation or to do wedding shopping, a Moneyview loan is useful.
| The loan amount is offered from Rs 10,000 to Rs 5 lakhs, depending upon the borrower’s eligibility. |
| The loan repayment tenure is up to 5 years. |
| The interest rate starts at 1.33% monthly. |
| The loan processing fee starts at 2.5% of the loan amount. |
| The loan foreclosure is allowed after 3 EMIs. |
| The charge on overdue EMIs is 2% monthly of the remaining loan amount. |
The documents requirement for Moneyview personal loan
- Identity proof ( Aadhar card, PAN card, Passport, Voter ID card)
- Address proof ( Water bill, electricity bill)
- Bank statement and account details in PDF format
The eligibility criteria for Moneyview personal loan
- The applicant should be a self-employed professional or salaried individual.
- The applicant should receive the income from a bank.
- The applicant’s monthly salary should be at least Rs 13,500 monthly.
- The applicant’s age should be between 21 years and 57 years.
- The CIBIL score should be between 650 and 750.
How to apply for Moneyview instant loan?
There are five steps to it.
First, download the Moneyview app.
Then check the eligibility on the app.
The third step is to choose the loan plan.
Then upload the documents. Apply and get the loan amount credited within 24 hours.
Why they are unique
Now that you have enough information about PaySense vs Moneyview, you must be curious to know why they are unique. Well, their fast process, easy verification process makes them unique. They have fantastic reviews on the Google play store. You will not be disappointed when you use them.
Finance Adda 