Personal loan is a short to medium term loan, which consumers can avail to meet both personal and business needs other than speculative purposes. They are usually unsecured in nature as consumers do not need to pledge any collateral or security to avail them. At Money Bells, we offer personal loans designed to help you manage life’s unexpected expenses, achieve your goals with ease. Whether you need funds for a wedding, medical emergency, education, a family vacation that u wanted for long or any other personal reason, we’ve got you covered.
Higher Loan Amounts
We specialize in offering loans above ₹3 Lakhs to cater to substantial financial needs.
Flexible Repayment Options 6 month to 72 months
Choose a repayment tenure that suits your financial capacity, ensuring ease and convenience.
Monthly net take home Salary × 10/12/15/18 or 20(Depending on loan Tenure) = Loan Amount
At the moment we @Money Bells provides personal loans starting from ₹5 Lakhs and above only
We focus on catering to individuals with stable income and a strong repayment capacity, ensuring financial security for both parties.
Eligibility Criteria:
1, You should be a resident India
2, Employed for over 2yrs
3, Working at min. officer level or above
4, Drawing a min salary of 50,000 or above
Proof of identity (Aadhar, PAN, Passport, etc.)
Proof of address (Utility bill, Rent agreement, Appointment letter etc.)
Income proof (Salary slips, bank statements, Form 16 or IT returns)
How to Apply for a Personal Loan through Money Bells
Fill in the basic details Online; Complete a simple application form a sales officer will call u for personalized assistance.
Document Verification: Submit the required documents for quick verification.
Loan Approval and Disbursement: Once approved, receive the loan amount directly in your bank account.
Experience our efficient 3-step loan process with fast approvals and timely disbursal of funds.
Transparency is our promise— enjoy a clear written down break-up of interest rates, processing fees, and other charges.
Your data and transactions are protected with top-notch security measures, ensuring complete peace of mind.
Our loans are tailored to meet your specific needs and goals.
Receive personalized guidance from our experienced loan consultants.
Our reputation for reliability and honesty makes us the preferred choice for clients across industries.
A Personal Loan is an unsecured term loan provided by banks and financial institutions. What makes Personal Loans distinct is that an individual can use the loan amount as per their needs. You borrow a certain amount from the bank and must repay it with the applicable interest rates. A personal loan does not require lock-in of any collateral by the applicant.
When you apply for a personal loan, the bank follows the due procedures. If the application is approved, you will receive the agreed sum in your bank account. You can use this amount as you see fit.
You must repay the amount to the bank in instalments over a chosen tenure as per the interest rate.
Salaried individuals must provide the following documents for a Personal Loan:
Self-employed individuals and professionals will also have to provide bank statements for their Current Account and Primary Savings Account.
However, for Instant Personal Loans upto ₹5 lakh, you can apply online through a complete digital process with no physical documentation required using only your PAN card and Aadhaar number.
To apply for a Personal Loan with Money Bells, a salaried individual must:
In addition, their maximum age at the loan’s maturity should be 60 years or retirement age, whichever is earlier.
The eligibility criteria vary for self-employed professionals and individuals. The minimum age to apply for personal loan is 25 years and maximum age at loan maturity should be 65 years. The bank will consider their annual net income post tax which should be ₹4.8 lakhs minimum and post qualification experience of minimum 4-5 years.
A minimum CIBIL score of 730 is required to be eligible for a Personal Loan.
For a salaried professional, the minimum salary should be ₹25,000.
Self-employed professionals and individuals need to meet separate income criteria. They should have a minimum annual net income of ₹4.8 lakhs. This limit is considered after income tax deductions.
