+91-98737 54869
Loan amount: ₹ 10,000 to ₹ 3,00,000
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    Rate of Interest: 17% - 29.99% - can vary based on the profile of the customer

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    Processing Fee: 3% to 3.5%

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    Tenure: Starting from 6 months to a maximum of 3 years

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MoneyWide is a no-frills digital lending platform. We have focused on lowering the number of pages that a borrower has to go through while taking a loan digitally and making it simpler, transparent, and hassle-free. MoneyWide is backed by an in-house NBFC MyLoanCare Ventures Private Limited. We are a digital lender working to make the process of getting a loan easier and more efficient. Our team is made up of experts from the banking and technology sectors, with a combined 50 years of experience.


Despite several government initiatives and favorable tax benefits, a salaried person in the lower tax bracket is unlikely to get a loan without pledging gold or securities with a bank or a non-banking financial company (NBFC).

Before you run to apply for a personal loan at Money Wide, here are some things you need to know about our process:

Security We request no collateral for our loan.
Loan Amount Starting from INR 10,000 to INR 3,00,000
Tenure Starting from 6 months to a maximum of 3 years
Interest Rates Interest rate 17% - 29.99% p.a. reducing; PF 3.0%
Required Salary Minimum monthly salary should be Rs. 25,000/
Purpose of Loan Marriage, Medical Treatment, Education for self or family, Rental Deposit, Pilgrimage, Home improvement, etc.

ELIGIBILITY CRITERIA



There are some key aspects and filters of the customer which is a necessity for us before sanctioning our personal loan. We understand the needs of each customer and try to portray the same by customizing our Loan terms and conditions with an objective to match his or her requirement.

Personal Loan Eligibility Criteria

  • Age: 23 to 55 years
  • Net Monthly Income: Rs. 25,000 and above
  • Current Work Experience: 2 months and above
  • Total Work Experience: Minimum 2 years
  • Salary Recieved as Bank Transfer (NEFT/ECS/CMS/IMPS)

    • Credit Score: 650 or above
    • We are also doing 0/-1 CIBIL Cases
    • Applicable: Company Type (LTD, PVT LTD Govt)
    • Not Applicable: Company Type (LLP/PROPRIRTORSHIP/PARTNERSHIP)

Noteworthy Features


Instant Loan Approval AIP within 30 seconds and final approval within 3 minutes.
Quick Disbursal: Same day disbursement in bank account
Easy Documentation No physical residence or office CPV; No salary slip/income document required
Full Flexibility: On click or in-app instant prepayment and foreclosure facility after 1st EMI.
Zero Paper: No physical or scan documents. 100% e-KYC, e-sign, e-NACH

Let us take an example, How EMI is being calculated


For instance, if "Shubham" applies for a Personal loan of INR 3 Lacs and get the loan sanctioned at the rate of 15 % with a tenure range of 2 years or 24 Months , in such a case his EMI would be INR 14,546 and complete repayment amount till the end of 2 years tenure would be INR 3,49,104 (i.e 14,546 EMI * 24 months), wherein the total interest amount is INR 49,104 along with principal repayment of INR 3,00,000. Few additional charges like those of minimal one-time processing fee ranging from 2% to 3% of loan amount, pre-payment instant prepayment and foreclosure facility after 1st EMI. T& C apply.

Month Principal Outstanding Interest Total Payment Payment towards Principal Loan Paid Till Date Balance Principal
1 3,00,000.00 3,750.00 10,400.00 ₹ 6,650.00 ₹ 6,650.00 ₹ 2,93,350.00
2 2,93,350.00 3,667.00 10,400.00 ₹6,733.00 ₹13,383.00 ₹ 2,86,617.00
3 2,86,617.00 3,583.00 10,400.00 ₹ 6,817.00 ₹ 20,200.00 ₹ 2,79,800.00
4 2,79,800.00 3,498.00 10,400.00 ₹ 6,902.00 ₹ 27,102.00 ₹ 2,72,898.00
5 2,72,898.00 3,411.00 10,400.00 ₹ 6,989.00 ₹ 34,091.00 ₹ 2,65,909.00
6 2,65,909.00 3,324.00 10,400.00 ₹ 7,076.00 ₹ 41,167.00 ₹ 2,58,833.00
7 2,58,833.00 3,235.00 10,400.00 ₹ 7,165.00 ₹ 48,332.00 ₹ 2,51,668.00
8 2,51,668.00 3,146.00 10,400.00 ₹ 7,254.00 ₹ 55,586.00 ₹2,44,414.00
9 2,44,414.00 3,055.00 10,400.00 ₹7,345.00 ₹ 62,931.00 ₹ 2,37,069.00
10 2,37,069.00 2,963.00 10,400.00 ₹ 7,437.00 ₹ 70,368.00 ₹ 2,29,632.00
11 2,29,632.00 2,870.00 10,400.00 ₹ 7,530.00 ₹ 77,898.00 ₹ 2,22,102.00
12 2,22,102.00 2,776.00 10,400.00 ₹ 7,624.00 ₹85,522.00 ₹ 2,14,478.00
13 2,14,478.00 2,681.00 10,400.00 ₹7,719.00 ₹93,241.00 ₹ 2,06,759.00
14 2,06,759.00 2,584.00 10,400.00 ₹7,816.00 ₹ 1,01,057.00 ₹ 1,98,943.00
15 1,98,943.00 2,487.00 10,400.00 ₹ 7,913.00 ₹ 1,08,970.00 ₹ 1,91,030.00
16 1,91,030.00 2,388.00 10,400.00 ₹ 8,012.00 ₹ 1,16,982.00 ₹ 1,83,018.00
17 1,83,018.00 2,288.00 10,400.00 ₹ 8,112.00 ₹ 1,25,094.00 ₹ 1,74,906.00
18 1,74,906.00 2,186.00 10,400.00 ₹ 8,214.00 ₹ 1,33,308.00 ₹ 1,66,692.00
19 1,66,692.00 2,084.00 10,400.00 ₹ 8,316.00 ₹ 1,41,624.00 ₹ 1,58,376.00
20 1,58,376.00 1,980.00 10,400.00 ₹ 8,420.00 ₹1,50,044.00 ₹ 1,49,956.00
21 1,49,956.00 1,874.00 10,400.00 ₹ 8,526.00 ₹ 1,58,570.00 ₹1,41,430.00
22 1,41,430.00 1,768.00 10,400.00 ₹ 8,632.00 ₹ 1,67,202.00 ₹ 1,32,798.00
23 1,32,798.00 1,660.00 10,400.00 ₹ 8,740.00 ₹ 1,75,942.00 ₹ 1,24,058.00
24 1,24,058.00 1,551.00 10,400.00 ₹8,849.00 ₹ 1,84,791.00 ₹ 1,15,209.00
25 1,15,209.00 1,440.00 10,400.00 ₹ 8,960.00 ₹ 1,93,751.00 ₹1,06,249.00
26 1,06,249.00 1,328.00 10,400.00 ₹9,072.00 ₹ 2,02,823.00 ₹ 97,177.00
27 97,177.00 1,215.00 10,400.00 ₹ 9,185.00 ₹ 2,12,008.00 ₹ 87,992.00
28 87,992.00 1,100.00 10,400.00 ₹ 9,300.00 ₹ 2,21,308.00 ₹78,692.00
29 78,692.00 984.00 10,400.00 ₹ 9,416.00 ₹ 2,30,724.00 ₹ 69,276.00
30 69,276.00 866.00 10,400.00 ₹ 9,534.00 ₹2,40,258.00 ₹59,742.00
31 59,742.00 747.00 10,400.00 ₹ 9,653.00 ₹ 2,49,911.00 ₹ 50,089.00
32 50,089.00 626.00 10,400.00 ₹ 9,774.00 ₹ 2,59,685.00 ₹ 40,315.00
33 40,315.00 504.00 10,400.00 ₹ 9,896.00 ₹ 2,69,581.00 ₹ 30,419.00
34 30,419.00 380.00 10,400.00 ₹ 10,020.00 ₹ 2,79,601.00 ₹ 20,399.00
35 20,399.00 255.00 10,400.00 ₹ 10,145.00 ₹ 2,89,746.00 ₹ 10,254.00
36 10,254.00 146.00 10,400.00 ₹ 10,254.00 ₹ 3,00,000.00 -

Interest Rates, Fees and Charges


Interest Rates 16.50% to 32%
Processing Fees 3% to 3.5% of loan amount
Partpayment Charges 3% of the prepaid amount after 1st EMI
Foreclosure Charges Instant prepayment and foreclosure facility after 1st EMI

Personal Loan APR


Maximum Annual Percentage Rate (APR) 17.01% to 32.6%
Representative example of the total cost of the loan, including all applicable fees

    Here is an illustration of the total cost of the loan:

  • ►Total amount borrowed: ₹ 1,00,000
  • ►Time period: 3 Months to 36 Months
  • ►Personal Loan Interest Rate: 16.50% to 32%
  • ►Processing Fee payable to: Upto ₹ 3,000
  • ►Total Monthly Cost – From ₹ 3,540 for 36 Months ₹ 1,00,000 loan at 16.50% (lowest rate, longest time period) to ₹ 35,127 for 3 Months ₹ 1,00,000 loan at 32.00% (highest rate, shortest time period). This is inclusive of principal repayment.
  • ►Annual Percentage Rate (APR) of charge including all applicable fees: 17.01% to 32.6%
  • ►Total cost payable over loan tenure: ₹ 1,05,763 for 3 Months loan to ₹ 1,50,507 for 36 Months loan

What Makes Us the Best Choice for Personal Loan?

Why are we the best choice for your next Personal Loan?

  • verified Faster and Accurate Delivery
  • verified No-Geographical Limitations
  • verified Complete Online Process
  • verified Customized Repayment Options
  • verified No Collateral Required
  • verified No Hidden Charges

FAQ's


In order to MoneyWide's personal loan benefit is that you have the freedom to request an amount of your choice. Our lenders can give you a quick loan approval as well as an instant decision, so you don't need to wait for long hours just to get your personal loan approved. The other great thing about us is that we assist our clients with the most convenient and hassle-free application process, which includes no paperwork and Instant Loan Only. Our friendly lenders offer you low-interest rates on your personal loan.

No, Unfortunately, MoneyWide does not allow you to transfer an outstanding balance from another bank account to your MoneyWide account.

The lowest personal loan rates from MoneyWide start at 16.50% p.a., but that rate depends on the amount you want to borrow and how long you want to take to pay it back.

Yes, MoneyWide charges a fee of 3% of the part payment amount after 1st EMI on personal loans.

Yes, you can foreclose your personal loan at Money Wide, whereas you will be asked to pay a certain amount of charge for it.