Personal Loan     Personal Loan     Personal Loan    

Personal Loan

Moneymela makes it easy to get the financial help you need with our personal loan. With our carefully curated plans, you can apply for a personal loan of up to 10 lakhs with just a few clicks. We provide easy and instant loan approvals with minimal documentation. Our competitive interest rates make it easier for you to get the funds you need without putting a strain on your finances. Apply now and enjoy the convenience of getting your loan approved quickly!

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Loan-Focused Investment

Loan Focused

Dedicated Relationship Managers

Receive personalized assistance and expert financial guidance throughout your loan journey.

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Loans up to ₹10 Lakhs

Get access to higher loan amounts to meet your personal and business financial needs.

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Low Interest Rates Starting from 12%

Enjoy affordable EMIs with competitive interest rates designed for your convenience.

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Flexible Tenure up to 36 Months

Choose a repayment tenure that suits your budget and financial goals.

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Real Time Loan Tracking

Experience a safe, transparent, and fully digital lending process with complete peace of mind.

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High Transparency & Security

Safe, transparent and fully digital loan process.

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Eligibility Criteria

Eligibility

Qualifying Criteria of borrower:

Age & Registration
At least 18 years of age or a duly registered business in India.
Valid Government ID
The individual applicant must have valid government issued ID proof such as PAN card, Aadhaar card, driving licence or passport.
Business Incorporation Proof
The business applicant must have any proof of business incorporation.
Valid Indian Bank Account
The applicant must have a valid Indian bank account.
Steady Monthly Income
The applicant must have a steady monthly income for repayment of their loan.
Step-by-step Process

How to Apply

1
Registration
To become a borrower on Moneymela, individuals need to sign up through the Moneymela website and pay a one-time nominal fee of Rs 500. Once registered, borrowers receive a unique user ID and password for accessing the borrower portal.
2
Log in and Document Verification
Borrower can log into the borrower portal, raise a loan application and upload the required documents, which are then verified by the Moneymela team to ensure their credit worthiness and repayment capability.
3
Final Loan Offer
Moneymela's team will sanction a loan offer to the borrower if they pass the eligibility assessment, based on the kind of loan and amount specified by the borrower in the loan application.
4
Loan Listing
The finalized loan will then be listed on our marketplace for the lenders to invest in.
5
Loan Agreement Signing
Once a lender selects and finalizes a loan listing, Moneymela initiates the legal documentation process for the loan agreement between the lender(s) and borrower. Once the loan agreement is duly signed by both parties, the loan fund will be transferred to the borrower's account.
6
Tracking Loan Listings
Borrowers can track their loan listings on their dashboard, keeping them informed about loan repayments, and due dates.
Step-by-step Documents

Documents

Documents required for borrowers to be uploaded while registering:

#
Document Type
Accepted Proofs
01
Identity Proof/Date of Birth Proof (any one of the following)
PAN Card,Adhaar Card, Voter ID,Passport
02
Address Proof (Present/Permanent) (any one of the following)
Aadhaar, Passport, Bank Statement, Voter ID, Electricity Bill (within last 3 months), Post-paid Mobile Bill (Last Month)
03
Photograph
Passport size photograph (1 Copy)
04
Bank Details
Cancelled cheque / passbook copy and last 6 months' bank statement.

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