Loan App Details & Reputation
App Name
Moneyview Loans
Tagline/Description
Instant Personal Loans, Free Credit Score Check
Developer/Company Name
Whizdm Innovations Private Limited
Website URL
Social Media Handles
Facebook: @Moneyview | Twitter: @Moneyview | Instagram: @moneyview | LinkedIn: Moneyview
Contact Information
Email: [email protected]
License and Registration Details
RBI registered NBFC
Latest News/Updates
April 2024: Moneyview surpassed 10 million users and launched a campaign to promote financial literacy.
February 2024: Moneyview introduced a new feature allowing borrowers to prepay their loans with no extra charges.
Loan Details
Loan Amount (Minimum and Maximum)
₹5,000 to ₹10,00,000
Interest Rate (Daily, Weekly, Monthly, Annually)
1.33% per month (16% APR) onwards
Loan Tenure (Minimum and Maximum)
3 months to 60 months
Repayment Options
EMI, auto-debit, net banking
Fees (Processing, Late Payment, etc.)
Vary based on loan amount and tenure.
Eligibility Criteria (Age, Income, Credit Score, etc.)
- Age: 21 to 57 years
- Salaried or self-employed
- Minimum monthly income: ₹13,500
- Minimum CIBIL or Experian score of 650
- Income must be credited directly to the applicant’s bank account.
Documents Required
PAN card, Aadhaar card, bank statements, salary slips (if applicable)
Loan Purpose
Personal expenses, debt consolidation, medical emergencies, education, etc.
App Ratings and Reviews
Google Play Store Rating
4.8 stars (10M+ downloads)
Apple App Store Rating
Not Available
Trustpilot Rating
Not Available
Google Reviews
Mostly positive, praising quick disbursal, easy process, and user-friendly interface. Some complaints about customer service and high-interest rates for certain profiles.
User Reviews and Feedback
Positive Reviews
Fast and convenient loan process, good for emergency funds, transparent terms.
Negative Reviews
Concerns about higher interest rates for some, occasional technical issues, and difficulty reaching customer support.
Customer Support
Contact Channels
In-app support, email
Support Hours
Not explicitly mentioned
FAQs and Knowledge Base
Available on website and app
Loan Disbursal and Repayment
Disbursal Time
Within minutes upon approval (up to 2 hours)
Repayment Options
EMI, auto-debit, net banking
Late Payment Fees and Penalties
Late fees and charges apply, details in loan agreement.
Additional Features
Loan Calculator
Available on the website to estimate EMI and interest.
Referral Programs or Incentives
Earn rewards by referring friends.
Regulatory Compliance
RBI or NBFC License Details
RBI registered NBFC
Compliance with Indian Banking Regulations
Yes
Step-by-Step Guide to Using MoneyTap
Download and Install
From Google Play Store
Google Play Store Link
Apple Store Link
Not Available
Registration
Using mobile number and OTP
Profile Completion
Personal, employment, and financial details
Loan Application
Select loan amount and tenure
Approval and Disbursal
If approved, funds transferred to the bank account
Repayment
Through the app or auto-debit
Important Note
Always compare interest rates and terms before taking any loan. Moneyview is a popular app, but borrowers should be aware of the associated fees and charges.
Disclaimer
The information presented in this document regarding loan apps is intended for general informational purposes only and is current as of the date of this post. It is compiled from sources believed to be reliable, including official websites, app stores, and user reviews. However, the financial landscape, app features, interest rates, and terms can change rapidly.
Instantloansindia does not endorse any specific loan app or guarantee the accuracy, completeness, or timeliness of the information provided. It is crucial that users verify all information directly with the respective loan app or financial institution before making any financial decisions.
Instantloansindia shall not be held liable for any damages, losses, or liabilities arising from the use or reliance on the information herein. Users are solely responsible for their financial choices and should consult with qualified professionals for personalized financial advice.