What Is The Rate of Interest in Moneyview Instant Short Term loan? 

Interest rates in Money View start from 1.33% per month and vary depending on the amount availed, your credit score, repayment history, etc.

Some of the factors that affect Moneyview Instant short Term loan interest rates are: 

Credit Score 

Lenders offer lower interest rates to people with good credit scores. So, you should aim for a credit score of 750 or above. For obtaining a higher credit score, you should have good financial habits such as paying credit card bills and EMIs on time, avoiding several loans or credit card applications in a short period of time, and maintaining a low credit utilization ratio.

Income/Salary

A higher income implies a greater capacity to repay the debt. As a result, the credit risk for the lender is reduced. Lenders tend to give lower interest rates for people with higher income or salary. However, if you are repaying multiple EMIs with your salary, the interest rate charged may be higher.  

Repayment History

Those with a good repayment history are known to provide a lower risk to lenders, hence they can take loans with lower interest rates.   

Employment 

Lenders offer lower interest rates to people who are salaried rather than people who are self-employed. This is because of their stable source of income. People who have a steady source of income or are employed in reputable organizations are given lower interest rates. This is because they are known to survive economic downturns better. Self employed people may not have a stable income, so there is risk involved in lending to them. So, interest rates are higher. 

Existing Relationship With The Moneylender

Many lenders provide personal loans with low interest rates to applicants who already have a banking or lending connection with them. Those who want personal loans should inquire about offers on personal loan offers from banks/NBFCs with which they already have a lending or banking relationship.

Apply for the Short term Personal loan through CreditMantri