What is Personal loan?
A Personal Loan is an unsecured loan that aims to help you with your financial needs. Here, you don’t need to pledge any security while availing loan & we provides you with the flexibility to use the funds as per your need.
We make it possible by making user go through user-friendly set of 5 simple steps which require very basic & minimal documentation.
What is the minimum and maximum loan amount offered?
We offer a minimum loan amount of ₹ 10,000. The maximum flexible amount up to which we provide loan is ₹ 10,00,000.
Does Money Credit operate PAN India?
Yes, it’s a PAN India service. You can avail loan by sitting at anyplace in India through Money Credit.
Is CIBIL score, a mandate for availing loan via Money Credit?
No, a CIBIL score isn’t mandatory to avail loan via Money Credit.
What is Obligatory for availing Personal loan via Money Credit?
To apply for Personal loan, customer
• Should hold Indian Citizenship,
• Should have a valid email address & mobile number,
• Should have a valid 12-digit Aadhaar Number issued by the UIA. It serves as a proof of identity and address, anywhere in India.
• Personal Bank account with an access to Net Banking.
Will I be eligible if I am not able to produce obligatory documents proposed?
As per our company’s policy, possessing at least one of the mentioned documents is mandatory, to apply for our Personal loan.
Can an existing customer Re-apply for a Personal loan?
Yes, one can re-apply for a Personal loan, however, it is subject to conditions depending on the applicant’s credit history.
What is the interest rate on the loan offered at Money Credit?
The interest rates offered are based on various factors such as loan amount, tenure, credit score, etc. and may vary for different customers.
Is there any loan pre-closure charges?
No, there is no loan pre-closure charges.
What is the time taken for Loan Sanction and Loan Disbursement?
Provisional approval of the Loan Application takes just a few minutes as the process is online. It is our endeavor to disburse the loan amount within one working day after the KYC is done.
How to apply for Personal loan at Money Credit?
Follow these simple steps to apply for a Personal loan at Money Credit:
• Register with us on our webpage www.money4credit.com
• Complete the application by filling in your personal details.
• After applying you get the Loan Approval.
• Sign your application on our Website and your process is complete.
What should be the format of the file that can be uploaded as Aadhar Card?
The documents can be uploaded in JPEG, JPEG, PDF and PNG formats. There's no size limit for the files to be uploaded.
What is the mode of Loan Repayment?
Mode of Loan Repayment-
• PAY ON money4credit.com WEBSITE
• Visit www.money4credit.com and click on 'PAY EMI' button.
• Fill the required loan details and enter monthly installment.
• Choose a debit card or net banking option to make your payment.
• Enter transaction password or OTP sent to your registered mobile number, to complete the transaction
• Save the receipt for future use. Kindly check your E-mail and SMS for payment confirmation.
Can the Loan Amount and Tenure be selected manually?
Yes, the loan amount and tenure can be selected manually. However, the loan amount and tenure selection eligibility is subject to conditions.
What is an OTP?
OTP stands for One-Time Password for registration onto the portal. It serves as your login-password to login into the portal.
What if the OTP is not received on the Mobile?
It is advisable to wait for OTP for a minute. If you still don't receive it, and then click on re-send button.
What needs to be done if someone leaves their loan application mid-way?
If that happens, you can come back & complete your Loan Application within 7 days from the time you started.
Will the Loan Amount be disbursed 7 days a week?
The Loan Amount will be disbursed on all working days.
When would the Loan Repayment start?
The Repayment date would start from the next month from the time loan was issued.
How much Repayment (EMI) do I have to pay every month?
You will pay the repayment in form of EMI which have been calculated in the EMI calculator while applying for the loan.
Can I Re-pay complete loan amount before the time decided?
Yes. The process of early re-payment is applicable after 6 months.
How can I contact the customer support?
You can contact our customer support through the contact form or you can mail us your enquiry at firstname.lastname@example.org . All your enquires will be replied as soon as possible
Will you recieve any verification call from the company?
No, you wil not recieve any verification call from us. All the process is online and the verification process is handled automatically by the backend team.