Here’s How You Can Get an Instant Personal Loan of ?10,000 in India

Author : Saahil Reddy | Published On : 22 Sep 2021

As a working professional, we are aware that you are very successful and financially stable in your life, but there might be times when even the best of us fall prey to a financial emergency. In situations such as these, your first instinct might be to borrow money from your friends or family; however, is this a good idea in actuality? Maybe not, and the simple reason behind this being, money can easily strain your family ties and thus, sometimes it is best to avoid the conversation.

Another source you can rely on to solve this problem is by leveraging an easy and instant personal loan in India, through which you can withdraw as little as ?10,000 or go up the ladder to ?500,000. But how can you apply for one, and what is the exact mechanics behind this? 

Without further ado, let us understand in today’s article.

Money View Loans: Personal Loan App, Instant Loan - Apps on Google Play

How to Get an Instant Personal Loan of ?10,000 in India?

Although the concept of a personal loan is not novel to India, the financial instrument has risen in popularity over the past couple of years mainly due to the fact that they are easy to get, and these days, there are more lenders than ever before who are willing to disburse one in an instant. 


Keeping these in mind, following are the steps you need to follow in order to get an instant personal loan of ?10,000 in India:


  • Visit “” website or download the loan app from playstore on your mobile.

  • Once done, initiate the application process by first sharing your name, phone number (linked with Aadhar Card), and your email address. 

  • Click on next and on the following screen share your Aadhar Card with the lender. 

  • On the next screen, share your employment and income information with the lender.

  • Upload all the necessary documents and click on submit.

  • If approved, you will receive a quotation from the lender, which you can further utilize to secure your personal loan. 


But why should you choose MoneyView, over the many other lenders who also specialize in this service; that is because of the benefits you stand to experience with MoneyView, some of the most significant of which are as shared below.

The MoneyView App Advantage

  1. Online Application

Most personal loans in India arrive with a completely online application process meaning that you can literally avail the features of this loan from anywhere. All you need is a stable internet connection, and either visit the lender’s official website or download their mobile application. Paired with this, you can share all relevant documents with the lender electronically, thus making sure that you save time and avail convenience when applying for this loan. 


  1. Instant Approval

Personal loans in India arrive with a completely online application process along with instant approval. Modern lenders leverage fintech technologies such as artificial intelligence and machine learning to automate manual tasks and also employ sophisticated algorithms to automatically check your eligibility for a loan. Employing these methods drastically reduces the time required to get a loan, and thus these days, you can get the loan amount from a personal loan to your account in less than 48 hours.


Availing the feature of instant approval ensures that you receive the money when you need it the most, thus proving it to be an advantage. 


  1. Flexible Repayment System 

Personal loans in India arrive with a flexible repayment schedule, where the lender gives you the option of customizing both the EMI amount you would like to repay every month along with the date of repayment. Both these features not only equip you with greater freedom but also ensure that you can take full control of your personal finances and better curate your financial well-being.

However, before you receive the loan amount in your bank account, there are some eligibility criteria you should meet and a few documents you should present. Both of them are as outlined below.

Documents Required for Applying Personal Loan

In order to secure a personal loan from a credible financial institution or non-banking financial institution in India, you will need to present additional copies of the following documents. 


  • Your personal details, that is your full name, date of birth, phone number linked with Aadhar Card, and email address. 

  • Your income information such as latest bank statement upto 3 months and latest salary slip for salaried employees, and latest 6 months bank statements and last 3 years ITR reports for self-employed professionals.

  • In case of an offline process, you might additionally be required to provide a passport-sized photograph as well.

Loan Eligibility Criteria

Before you approach a lender for a personal loan, it is always important to check the eligibility criteria beforehand. Although these might differ between lenders, however, the fundamental constituents remain the same, and the most significant of them are as shared below. 


  • You must be between the legal age of 21 years and 57 years. 

  • You must be a permanent resident of India for the last 5 years at the time of application. 

  • You must have your Aadhar Card present with you, and the same must be linked to your bank account and phone number. 

  • You must be a salaried employee in the public or private sector with a minimum monthly income of ?13,500. 

  • In case you are a self-employed individual, you must have a business vintage of at least 5 years with a consistent monthly income of at least ?20,000. 

  • You must file your income tax returns regularly and have copies of your ITR. 

  • You must have your salary slip present in case you are a salaried employee. 


In Conclusion

Getting an instant personal loan of ?10,000 has never been easier in India. With the advent and rise in popularity of lenders like MoneyView, the process of applying and subsequently getting approved for a personal loan is only set to get smoother. So, what are you waiting for? Go and apply for your instant personal loan of ?10,000 today!