financekhabar

When all the banks do not ask for guarantee from you, then Modi gives your guarantee. Without asking for guarantee, you will get a loan up to Rs 3 lakh. You will get a loan and it has also been ensured that the interest on this loan remains very low. What the government has done is that For the first time, you will get a loan of up to one lakh rupees and after you repay it, then you will get another loan of two lakh rupees. Yes friends, you heard it right. If you need a loan, then today you have come to the right place. You must have seen many government portals from where one applies for loan and most of the people do not even get loan there, but in today's concept, I am going to tell you about such a loan app of Government of India from which you can easily avail the loan. You can take a loan ranging from ₹ 0000 to ₹ lakh. This loan will be given to you only through Aadhar card. You will not need any guarantor bank statement or CIBIL score. You can take this loan just by entering your Aadhar card number. Which is given at a very low interest rate and sometimes you also get subsidy from here, which means that you also get a discount on the loan taken, so let me tell you step by step the complete method of applying this loan. Let me tell you, if you really need to take a loan, then friends, you must watch this concept completely without skipping a single second, otherwise you will not be able to apply for the loan properly. Let's start the concept, but before proceeding further, I have one thing for you. There is a small request that if you have not yet subscribed to this channel, then please subscribe and also share the concept. Let us know the complete process by going to the mobile screen. So friends, through Aadhaar card. You first face problems in taking loan from Jan Samarth but you will be able to apply the loan easily through this Jan Samarth application. So friends, you can install this app in your mobile phone by clicking on Jan Samarth which is here in Play Store. After installation, you will simply have to open this app and after this an interface of Jan Samarth will open in front of you which is like this, here first of all a consent will appear in front of you which you have to read carefully. Let me tell you, it is written here that if any person or any portal demands money from you for giving a loan, then you should not trust them at all or do not apply for such a loan. Here a warning has been given by the government, so friends, after this you can choose your language by clicking on the top here or you can simply cut it from here, if you come down here then friends, here you will see the You will get to see different types of loans like first of all there is education loan here, which means if you want to go somewhere for higher education here then you can take a loan for that, apart from this there is also agriculture loan here. It can be seen that if you want to do farming and you need any kind of equipment for that, then you can take a loan from here. Apart from this, if you come down here, you will see another option in which It is written that Business Activity Loan means that if you want to do any work, want to do any business or want to expand the already started business, then you can take a loan from here, that means friends, you are here. By applying for a loan through this application, you can take a loan simultaneously under six schemes of the Government of India or the Government of India, then friends, after this we simply see an option of check eligibility by clicking here. After this, a page will open in front of you where it is written Let's Check Your Eligibility. So friends, here you will have to choose any one of these four options, whatever type of loan you want to take. You can choose the type here, so friends, if you want to take loan only through Aadhar card, then friends, for this you will have to choose the third option visible here, Loan for Street Vendors. After selecting this, when you come down, some more options will open in front of you, where first of all you have to enter your category i.e. SC ST OBC General or which caste or category you fall in. You have to choose that, so friends, I choose OBC here, after that in the next option, you get the option to choose your gender, that is, whether you are male or female, you select it from here. You can do this and below this you can see that it is written 'What is your required loan', that is, how much loan do you require, so friends, I simply type ₹ 1000000 here for example to teach you. I am telling you the rest, you can enter the amount of loan as per your requirement, after this simply click on Calculate Eligibility. As soon as you click here, you can see it in front of you like this. A next page or a message will open where it is written ' Congratulation, you are eligible for one business activity loan scheme' listed below means that you have become eligible for the loan here. If you can ask which loan is it, then friends, under the Prime Minister State Vendors Self Reliant Fund Scheme, you are being given a loan here and the amount of your loan here is ₹ 1000000 and also I told you earlier also that You will also get subsidy here, which means that you will get a discount on your loan, so friends, you will also get a discount of Rs. 90 under this loan. Also, friends, you will have to pay the installment of Rs. 950 which is the EMI here and also Here, friends, your monthly EMI or monthly interest is at 24. If you see it annually, then friends, it is around 2. After this, if you see the tenor here, then friends, the tenor is here. The maximum is of one year, which means that you will have to repay this loan back to the government within one year. Apart from this, friends, you get another very big benefit in this loan, which you can see here, it is written. There is an incentive to be provided to street vendors for digital transactions up to Rs. 00, which means that here you get another rebate of Rs. 00 from the government. If you do digital transactions, then friends, you get subsidy of Rs. 1200 and Rs. 400. Overall, you will have to click on a hefty ₹ 1000000 here. After clicking here, an interface like this will open in front of you, where you will have to enter your mobile number along with this captcha. It is giving you this captcha, you have to fill it here, then you have to tick here and after that click on Get OTP, after this a popup page will open in front of you like this where You are given the complete details of this lawn or the conditions which are there, you can read them as they are or you can also skip it by scrolling down. When you bring it down completely, then this is the next page. The option will become eligible for you, here you have to click on it and next, then the option of term and condition will come, whatever it is, you have to scroll down here and next and the last disclaimer will also appear in front of you. After reading this completely, you have to agree by ticking here. After doing this, you will simply have to click on Get OTP which is here. As soon as you enter your OTP here, you can see the OTP verified. Below message of success has come and after this you will have to give your email address which is here and then you will have to click on Verify Email OTP, after this as soon as you verify your OTP here, email OTP So, after this, you will see the congratulation we have found one scheme for you and below this again the information about the same scheme has been given, after this you have to come down here and click on the Simply Proceed button. After coming here, you have to click on the review given here, you can see how you will get this loan, so friends, here there are 10000 street vendors and also my category is OBC, after confirming all these things, you will get the loan. You have to click on Continue below and then click on Simply Proceed. After doing this, the official website of PM Swa Nidhi will open in front of you. You can see here that till now about 70 to 71 lakh people have been benefited under this scheme. The loan has been received here and the loan amount has been sent to the bank accounts of about 55 lakh people and at the same time about 6844 45 people have also deposited this loan back to the bank, meaning. That has also been repaid and in the second term lawn, you can see here that approximately 15 lakh people have got the lawn under this and friends, second term and third term means that under this scheme you people will get three loans. Types of loans are given here, first of all you are given a loan of Rs 10000, then you are given a loan of Rs 20000 and thirdly you are given a loan of Rs 50000. So friends, after coming to the top of this page, you will see simply one option here. Here I will show you the option of Apply Loan or Loan. Here you have to simply click on it and proceed further or follow the further steps. After coming here, I will tell you. Again here you are being asked to fill the mobile number and this captcha here and after this you will have to click on the request OTP, then you will have to click on the verify OTP and after this your page will appear. In this way it will open openly, after this you can see in this page that you will have to follow so many steps like first of all check fill, upload, submit vendor application, document application, out of these you have to follow only a few steps and you will get this loan. You can apply, if you come down here then you can see here it is written Do you have Aadhar Card, meaning do you have Aadhar Card, then friends you have to simply say yes, then in the next option it is written. Vendor category, so friends, there are two types of categories in it, the first category is of rural and the second is of urban, so friends, if you are in rural then you can select rural here but if you are urban then you can select it as urban also. So friends, I choose any one here and then an option of Next is visible below, I simply click here and move ahead, so you can see that my first step here is this. It has been filled here, now my second step has started here, here you have to enter your mobile number etc., your Aadhar card details and after that, fill this captcha below here. Later, you will have to click on Verify with OTP. After verifying your Aadhaar card, you will have to upload the photo of your bank passbook here and along with it, you will also have to upload small information about whatever work you do. You can simply submit this form by filling it. Within 30 days of submission of this form, this Government of India portal or any form related to it will contact you and tell you what further process to take for the loan. You will get all those instructions there, so friends, this was today's concept. If you still have any question or doubt in your mind, then definitely ask in the comment box of the concept. Jai Hind Vande Mataram.

Hello friends, in this concept we'll discuss about the Moneyview personal loan app. I'll explain the whole process of application step by step let me show you on the screen too I'll show you how, from the comfort of your home, you can apply for personal loan from Moneyview loan app – I'll show you the entire process of it in this concept, but I'll show it at the end of the concept. Because, the instant loan app we’re going to take loan from needs to be reviewed first. Let’s see the review of Moneyview, the personal loan app, its processing fee, its interest rate etc. We’ll also compare Moneyview with other personal loan apps to see the processing fees and interest rates of the others. We’ll also compare it with the prominent banks like ICICI, HDFC, SBI, Axis, Kotak etc., and find out their interest rates for personal loan as well. First, we need to have a clear picture – we should know if we take loan from Moneyview, then how much interest and processing fee we have to pay; and by chance, if we miss an EMI, then how much penalty will Moneyview impose upon us. So, we'll learn all of these first, then we'll see the application process, which will take only about 5 minutes. Then we'll see, in that 5 minutes, how to apply for personal loan from Moneyview app. Now, before I start the concept, let me share my own opinion. I'm not going to share any link with this concept, as I never support any instant personal loan app. I’m not saying that these are not good, but according to the recent reviews in the market, the incidents that are happening to a lot of people, it’s better to avoid them. I'll surely discuss and share my reviews, but personally, l don't support personal loan apps. So, let's start the concept. There're 3 ways of getting a personal loan. First, we can get personal loan from bank. The second way can be categorized into two there are apps which are RBI-registered, for example, Bajaj Finance, Navi, Buddy Loan, Moneyview, Kreditbee etc. You can find these apps in Play Store. All of these are RBI-registered. There’re also a lot of apps which aren’t RBI-registered, which are basically ‘Chinese’ loan apps. You must avoid them at all cost, because their purpose is not to give loans, but to scam people. Imagine, you've mistakenly installed such an app. If you install a personal loan app, they'll give you a loan of 2K-3K rupees. When you'll apply for loan, it'll ask for permission to access your gallery, which you'll have to allow, then it'll ask for your location and access to contacts, and you'll allow those too. Basically, this way you've given access to the data of your phone to them. They’ll then give you loan of a small amount like 2K-5K – suppose it’s 2000 rupees and after just 2-4 days, they’ll ask you to return 5000 rupees. You'll wonder how did the interest become this much. Then they'll threaten that if you don't send the money, they'll make a photo of yours. They'll get a photo from your phone gallery; God forbid if you're a woman, then they'll take your photo too, and edit and turn into a nude photo. It’s horrible – they’ll edit your photo and paste the face into a nude photo, probably with a nude woman in the photo too. They'll threaten you that if don't send the money, they'll send this photo to your contacts. So, they'll send the picture to your relatives. You'll be pressurized to give them the in order to prevent them from doing that. You pay them once, and after a few days, they'll ask for more, and this will go on, till you're completely devastated. At last, you'll have to turn off your phone, discard your SIM to get out of this problem. People even go into depression because of this harassment. So, we must stay away from ‘Chinese’ loan apps. So, we’re left with bank and instant personal loan apps which are RBI-registered. We’re going to discuss about the Moneyview loan app among these, and we’ll also see the features of other apps alongside. Now, when we take loan from banks, they never ask for access to your contacts or gallery. They do ask for the location, but not ask for phone gallery or contact access. But RBI-registered loan apps do ask for the access to phone gallery and contacts. Now, I admit that the RBI-registered loan apps don’t resort to blackmailing like the ‘Chinese’ apps, which are nothing but scams. So, RBI-registered loan apps don’t do anything horrible like them. But by chance you miss an EMI, then they can stoop low to recover the money. It’s true that they won’t make a fake nude photo, but if you can’t pay EMI in time, then they’ll use your contacts list and not only call you, but also one of your contacts. It might be your relative, whom they'll call, and defame you for borrowing and defaulting. They might ring up more of your kins and defame you. Again, you'll be forced to give back the money to get rid of them. But the borrower might truly be facing a financial issue that they can't pay now, but they might be able to pay back after a few months. Of course, it’s their responsibility to repay since they’ve taken the loan. If you default a loan taken from bank, then bank also sends a team to you. But they come to your place and talk to you. They won't bother your relatives. So, banks have a smooth, mature, and systematic way of recovery. But here, if someone’s really facing an issue, they start to defame them in their circle. So, this is the difference between instant loan apps and banks. So, before I start the concept, let me tell you that no matter if you take loan from bank or from instant personal loan app, the main thing that you've to keep in mind that, you must take loan from those who's offering the lowest interest rate and processing fee. If you're confident and have good intention that you will repay the loan in time, then you can take loan from anywhere that offers you the cheapest interest rate. That'd be the best. That's all you need to keep in mind. So, let’s start the concept and see the interest rates of the apps, and the interest rates and processing fees of banks. So, let's get into the topic; I've given you a clear picture of the difference between the loan apps and banks. Let us first look at the banks and take ICICI Bank, for instance, which charges 2.5% as processing fees. This means if you seek a loan of rupees 1 lakh, then it'd be sanctioned as 1 lakh, but effectively what will come into your account is 97.5 thousand because the bank will be deducting the 2.5% processing fees as they had mentioned. Their rates of interest would vary from 10.5 to 16% and the time period would be from 12 to 12 x 7 =84 months which is 7 years. Similarly, the rate of interest at SBI begins from 11.05%; And now let's come to HDFC Bank. HDFC Bank charges from 10.5 to 25% rate of interest which is a particularly high rate of interest. Now, here let me clarify one thing, because I'll deal with the instant loan apps later; if you come across personal loan that has 30% or more interest rate, be it bank or app or a person, then please do not fall prey to any such offer because these are like the moneylenders in the market. Even the moneylenders charge you a rate of 2% per month, which would come to 24% for the year when you multiply 2 by 12. So please don't go for 30% or more when you are seeking a loan because if you are Going for such a steep rate, it'd be better to get a loan in the open market. Please do not go for such high interest rate. In fact, I would say don't even go for 25% – as a customer you will have hundreds of options so do not go for such an option. It might seem simple, because they'll present it to you in such a way. For example, be it Moneyview or Navi I am not criticizing anyone in particular here, but what they will tell you is that for a 10,000 rupee loan at 25 or even 30% interest they will charge you minimal amount without saying that for 10 lakhs if they charge you 30% then your EMI would turn out to be so and so; they'll say as example that if your loan is of 10k, then according to 30% interest your EMI would be 1k or 2k. They will never quote a big figure or a big amount; so, these are all diversionary tactics used to sway you; do not fall for such tricks. So now let's move forward and discuss the rates and come to Axis Bank. They provide loans up to rupees 40 lakhs for a period of up to 5 years and their rate of interest begins from 10.49%. So, these were the banks; now let us come to the apps. Here I have listed all the apps. Now we shall look at their amounts of loan one by one. For me the priority would be – which app gives me the maximum amount of loan at the lowest rate of interest and at minimum processing fees – that is what I will be looking for. So, when I look at the loan amount Bajaj Finserv offers me the maximum of 40 lakh rupees, Navi offers me 20 lakhs and so the list goes. Moneyview, for example, gives me a maximum of 10 lakhs. Now let us come to the fixed tenure of the loan payment. Bajaj Finserv gives maximum duration of 8 years; Navi is giving me a maximum duration of 6 years; Moneyview is giving me 5 years at most and a minimum duration of 3 months. Now, when it comes to rate of interest, I have mentioned Navi on top because they claim that their rates of interest begin at 9.9% and it goes up to 45%; now only God knows whether they have ever provided anyone loan at the rate of 9.9% because if you find that the 9.9% is only in writing and when you go for a loan, then they charge you 44% then I would say they are not worth it. In fact, I would say do not go for anything in excess of 25%. Why should you? Now, some people would claim that these being instant loan apps they give loan even if the CIBIL isn't that great. This is never the case, it never happens. If you are to get a loan you would get a loan even at banks. So, have patience and get a loan from bank. You'll get it at way cheaper interest. So, choose the option that's providing you the lowest rate of interest. Now, Bajaj Finserv charges you from 11 to 37% interest rate which again is very steep. Now, when you come to Moneyview they claim on the website that they only charge 1.33% per month onwards. Now, a lot of people won't be able to figure out and would, on first impression, feel amazed that they are charging so less. It's actually starts there and it's the rate per month. Multiplying that by 12 would get you the actual interest rate, that's 15.96% per annum. This is very misleading. Suppose I want to get a home loan and the bank says their interest rate is 8%, or 12%. Now, if they say their rate of interest is 1% per month, that'd sound remarkable, but in reality it's 12% per annum. Everything's just for show. No one goes that deep. 1.33% can be a tempting offer for anyone. But that's per month. And if you multiply it by 12, it'll be 15.96%, and it's not like that you'll get it at 15.96%. It's at least 15.96%. 'Onwards' means it has no actual limit. It can even charge you 60%! But we don't have to give that much. I suggest if it goes above 25% then leave it. It's simple. Next, let's talk about the processing fees. Now Navi's processing fee is 0, this is good thing. True balance offers 0-15%. That's a high processing fee. Let's say I'm charged at 15% on a loan of 1 lakh. So, I've a burden of 1 lakh rupees loan, and 15% processing fees means I'll get only 85k rupees in my account. And suppose, I've to pay 30-35% rate of interest on this. So, already I've loan of 1 lakh, additionally I'll have to pay interest at 35%, and in my account, I've only 85000 rupees. So, I'm left with nothing. It sounds good that I get 85000 in my account, but I'll pay 35% interest on it. The loan amount is 1 lakh, on which 35% interest will be charged. So, why should I pay such high processing fees? The banks charge 1% or 2% as fee processing. We can negotiate that too. So, take loan wisely. Let's talk about Moneyview. This is no less than other apps. They are charging 2% to 8% processing fees from us. I've put the rest in the list. Okay, earlier there was an app called Dhani. But now, it doesn't give any loan. So, don't go there even by mistake. It has become something like an online shopping site now. It doesn't give a loan anymore. So, please don't be misguided. I've mentioned it repeatedly that it doesn't give any loan now. Next, let's talk about minimum age. So like mPokket, it gives loan to students. So, the minimum age they require is 18 years. Talking about Moneyview, the minimum age should be 21 years, and the maximum age is 57 years to get a loan. Okay, let me talk about students. I know my concepts get a bit stretched. But all I say is from my personal banking experience. So, please stay tuned. I share these for you because it's very easy for me to tell you the process quickly and be done with it. But I try to share knowledge from my banking experience. So, sometimes my concepts become a little lengthy. I just try to impart knowledge as much as possible. It takes a lot of effort to make extra PPTs. If you feel that this knowledge adds even a little value in your life, then please like this concept and subscribe to the channel. And please do leave a positive comment, so that we also get motivation. Okay. Now, we were discussing minimum age requirement. What happens to the students is, suppose there're 18-20 years old college students. Now assume, they get monthly 2k-3k rupees from home but they desire to have iPhone. For that, they can get loans from anywhere. How else do these loan apps have such demand? All the college students are responsible for it. They don't know what the financial planning is. They wanted a loan and they got it. Now, their attitude is like, "I've got the loan. Even if I don't pay, what will the app do to me?" The app can't do anything. I agree. But if you default a loan of 20-30 thousand rupees, it'll worsen CIBIL score for life. The age has just started. Some students will prepare for Government jobs. In some Government departments, one even cannot apply with having a bad cibil score. If someone wants to run business in future, or if one has to go abroad for a job, or for a business perspective, then they'll never get a loan for life. Imagine how many opportunities you will miss for yourself! It may sounds like a nonsense that getting loan is not so important. But there can be plenty of chances where you will think if you could get a loan of 1 crore rupees, then you could take your business to next level. Then in the market, where the bank will give you a loan at 7-8%, then you'll have to take a loan at 20% from the local moneylender. When you run a business, you understand the importance of the CIBIL score. So please, in this attitude of buying iPhone and defaulting later, These 18-20-year-olds should never take a loan. Take the loan that can easily be paid off. So, be careful. So, after this, if you see the rating of Moneyview, then it tops the list. So, it has the rating of 4.7 on Play Store. These are the ratings of the rest of the apps. Okay, so we have had a look and saw where Moneyview stands comparing to others. Okay, one more thing. Let's say you took a loan of 1 lakh rupees. Suppose the EMI is 5000 rupees on Moneyview. Now the most important thing is that by chance, suppose you've taken a loan from Moneyview, and the EMI is 5000 rupees, and you haven't paid EMI in time. So, how much penalty will you be charged? So, Moneyview says that if you miss any installment, then, there'll be a penalty of flat 500 rupees. Now, suppose you've not paid the money even in the next month, then every day you will be charged 10 rupees as penalty, i.e., 300 rupees per month, plus 2% of the defaulted amount i.e. 100 rupees. So, you'll have to pay total 900 rupees as penalty next month. Now, in the next month, you've to pay 5900 rupees plus installment of next month i.e. 5000 rupees, so it'll amount to 10900 rupees, which has to be paid now. Suppose you don't pay again, so flat 500 rupees again, plus 10 rupees per day i.e. 300 rupees and it will keep increasing, plus 2% of defaulted amount, that is 2% of 10000. That will be charged as well. This way the loan amount will keep rising. If you take loan, then pay it on time, otherwise, don't go for it. Okay, so we did the whole discussion. Now let's see how to apply for personal loan from Moneyview Personal Loan app. To apply Moneyview Personal Loan, first you've to go to the Play Store and install the Moneyview Personal Loan app. After that, you've to open this app and you'll see this interface. Now here, it asks for some basic permissions, as I told you at the beginning of the concept that you've to give the location access, contacts, and whatever information it asks for. You can't skip this. So, scroll it down and simply click on the 'I Agree' option below. After that, it asks for some permissions 3-4 times, so you have to allow a couple of times. You're helpless here. You've to give all the permission it asks for. This is the problem of Instant Loan Apps. So, you've to give these permissions and click on 'allow' for all these notifications. After that, it'll show all the email IDs that are logged in to your phone. You've to select any one of them which you want to register with Moneyview. After selecting that, click on OK option below. Then on the next page, it shows your email ID. Then it asks for your mobile number that you want to register with Moneyview. Then, you've to simply click on 'Continue' below. Then on the next page, it'll automatically fetch your OTP, and then it'll take you to the next page. Now here on the next page, it asks for some basic details like your first name, last name, your education qualification etc., and you've to enter all these basic details. After that, move to the next page. On the next page, you've to put the monthly income that you mentioned before, like, I've mentioned 10000 rupees in the monthly income for the one I'm applying. So, according to that, it shows that he's eligible for a loan of maximum 1.10 lakh rupees. The calculation of the EMIs will be shown below, that if you take a loan for 18 months, then you pay this much on every instalment, or if you take a loan for 15 months, then you pay this much. So, select the tenure you want the loan for. After that, click on the 'Confirm and Proceed' option below. On the next page, it asks some additional details like education qualification, father's name, mother's name, the house where you live, whether it's your own house or rented. So, all these're the basic details which you've to enter. After that, you move to the next page. Then it asks you to verify your KYC. There're two ways to verify KYC. Either you can do it paperless or with DigiLocker. So, the easiest way is to do KYC with DigiLocker. You need to know the PIN that you set when you used DigiLocker. Even if you don't know the PIN, you can put any number and you'll be logged in. So, I'm simply selecting DigiLocker here. Then on the next page it asks you to enter your Aadhaar card number. Then enter this capture code as it is. Then, click on the 'next' option. Then, you'll receive an OTP on mobile for verification. Enter that OTP. Then it takes you to the next page. Here it asks the same PIN that you've set for the DigiLocker. If you remember, then put it in. If you don't remember, then set your another PIN here. Then, you've to click on the 'Done' option below. Then on the next page, it'll fetch your details from your Aadhaar card. You simply have to click on the 'Allow' option here. Then on the next page, it asks you to upload a selfie here for verification. It'll have your photo as a proof. So, here you've to simply upload the selfie. Then you have to click on the 'Done' option. Then on the next page it asks you that in which bank you want the loan amount to be credited. So, select the bank in which you've your account. E.g., the person for whom I'm applying for loan, has account in Axis bank. So, here I select the Axis Bank option. Now after that, it asks on the next page to verify your bank account. So, there're 3 ways to verify. I'll verify my Axis bank account through Net Banking. So, here I click on the second option, Net Banking. Then on the next page, it asks me to select my bank and enter the username and password of the bank and then click on the 'next' option. After that, it takes you to the next page after verification. After verification, it asks in which account you want to receive your money. So, automatically it shows the name of Axis bank. Here, I'll enter my account number, confirm the account number and after entering my IFSC code, click on the 'verify' option below. Next, it shows this interface on the next page. Here, it has reduced the loan amount, because it validates again later that how much loan you're exactly eligible for. So, you can check the exact and final loan amount here. If you think that the rate of interest is correct, everything seems to be correct, then below you have to click on the 'confirm' option. Then, it takes you to the next page. It asks to set auto-setup here. Auto-setup means that, after getting the loan in your account, from which account you want the EMIs to get deducted, so, that it deducts automatically every month, that is called the auto-debit. So, select that account here. Now, simply you've to select the account for auto-debit of the instalments, and verify the account. So, we can verify this through Net banking that from which account you want the money to be deducted every month. After that, the same verification process is repeated on the next page. It asks to select your bank, enter your customer ID, password and click on the 'next' option below, so that it can verify your auto-debit account. After that, it takes you to the next page. Here it asks you to confirm your address. You've to enter your PIN code, complete address, all the details of your address etc. After that, click on the 'confirm' option below. After that, on the next page, it asks some other details, such as, it asks you here to select anyone in the family. For example, if you select your father, then you've to enter his number. If you want to add friend's number in relative's section. This is just for their backup. If you default tomorrow, then it'll approach them. Anyway, they've already taken a lot of data already, but you've to do this. So, after doing all this, you move to the next page. Then, finally, you'll be shown a review page at the end, stating your loan amount, rate of interest, EMI, and all. If you still think that the interest rate is high or anything that you find unsuitable, then you can exit from here too. If you think everything's fine, then you've to click on the 'Continue' option below. And in about 1-2 hours or 3-4 hours, loan amount will get credited in your account. So, this was the complete review of Moneyview Loan App. I hope you found this concept informative. If you found this concept to be informative even a little bit, then please like this concept and subscribe to the channel. See you in the next concept. For now, this is the end of the concept. Thanks for listening and thank you all.

Hello friends, in this concept, we'll discuss how can we take a personal loan from Buddy Loan. In this concept, I'll show the step-by-step process of acquiring a personal loan from Buddy Loan from home. Let me quickly show the whole process on the screen. All these, including how to enter your details, and the rest of the process will be explored, but we'll see them at the end of the concept. Well, the process takes only 2 minutes, which we'll go through at the end, but first the platform, i.e., Buddy Loan, from which we're going to get a personal loan, which is quite the talk in the market nowadays. – so, first, we should know all about Buddy Loan, the instant app. So, the main interface of it looks as such, and it's written here that their approval rate is 80%. So, out of 100 applicants, it's expected that 80 will be able to get loans easily from Buddy Loan according to them. But let me tell you something before we begin that you'll only get a loan if your CIBIL score is all right. But if your CIBIL score is in bad shape, then you might get a loan of a very small amount, around 5k or so, but the rate of interest will be outrageous. Well, we'll talk about these later on. Here's another screenshot of Buddy Loan. They say that they give loans of up to 15 lacs and 10k is their lower limit. Then it says that your minimum tenure has to be 1 year and a maximum of 5 years for the loan taken from Buddy Loan. So, this is written there. The rate of interest starts from 11.99% and a lot of people will say that you'll get the loan at an 11.99% interest rate, but it's not like that. The interest rate begins from 11.99%, but it can reach 36% or 40%, and you may also get it at 12%. So, that's that. The interest rates of instant loan apps are usually much higher than that of the banks. The last thing is that Buddy Loan is India's biggest aggregator app. We'll discuss this later – this is perhaps the most important point here. Well, let's come back to its main interface. So, when you visit Buddy Loan's website, of course, you'll see the mention of personal loans; but along with that, they also claim to provide car loans, two-wheeler loans, medical loan, education loan; then, there's home loan, gold loan – so, they're claiming to provide different types of loans. Well, when I clicked on the option of Home Loan, to check whether they really provide home loans or not. So, I clicked on Home loan, then it asked me to enter my mobile number, then I received an OTP, then it asked me to enter the loan amount, so I entered 10 lacs. Then it asked for my email address and I entered it, and clicked on 'Next'. Then on the next page, it asked what type of loan I was looking for – whether it's a personal loan or a business loan. Well, when I'm seeking a home loan, why am I given options of personal loan and business loan? What it means is that no matter what option you click on car loan, medical loan, education loan – whatever you click on, you'll be directed to this page, with only the option of personal and business loans. While the interest on personal loans is expensive, home loan interest rates are usually 8-9%. So, if want to buy a house, then why should I opt for a personal loan? Similarly, when I clicked on gold loan, I had to fill in all the details again, only to be directed to select one between a personal loan and a business loan. So, clearly, it's nothing but a facade – whether you click on travel loan, medical loan, two-wheeler loan, car loan, home loan, or gold loan, you'll be redirected to the personal loan page So, you must have knowledge of these Don't assume that clicking on 'home loan' will actually provide a home loan; instead, you'll find yourself redirected to a personal loan offer. If you're getting a home loan at 36%, then what's the point of getting that? You can easily get a home loan at an 8-9% interest rate nowadays So, keep in mind that they only offer personal loans Next, I had entered a random birth date as 2023 to check the minimum age requirement, So, it showed that the minimum age to apply for a loan at Buddy Loan should be 18 years. So, we're done with these. Now, let's come to the main point, that is, it's the biggest loan aggregator app. Buddy Loan doesn't give you loans directly. It's not that a customer shows up and comes to Buddy Loan, and Buddy Loan gives the customer a loan – suppose, you need a 1 lac-rupee loan; so, you come to Buddy Loan, enter all your details, and Buddy Loan grants you your loan – it doesn't work like that. Buddy Loan is nothing but a middleman; customers come to Buddy Loan, and Buddy Loan redirects them to different personal loan apps. and secure some commission in the process. This is what Buddy Loan does they don't give you the loan directly. Let me show you a screenshot here when I applied for a loan from Buddy Loan, I entered all my details, and it showed here that my loan request had been submitted. I got this message after entering all my details. As soon as I clicked on the 'submit' option, it took me to the next page, where it showed that I'm eligible for the loan from Aditya Birla, Branch – it's an instant loan app, Moneyview – another instant loan app, and there was Yes Bank and many other instant loan apps. So, what it means is that when a customer comes to Buddy Loan, Buddy Loan sends the customer elsewhere. So, suppose I applied for a loan in Buddy Loan, have done all the process, and at the end, it shows a list of other loan apps from where I can get a loan. So, when I click on one of those, I have to download that app from the Play Store. So, what's the point of Buddy Loan then? If I wanted to take a loan from Moneyview, I'd have gone to Moneyview directly. Why should I go to Buddy Loan then? Let me clarify something this is a customer who goes to Buddy Loan, and Buddy Loan sends them to Moneyview. So, the customer goes there and hence it's obvious that they'll get some commission. They're certainly not providing charity. Nothing comes free of cost today, so it's quite simple that well, if I wish to get a loan, then I could simply visit Moneyview directly. And it's not that Buddy Loan is the only app that's acting as an intermediary, there are so many apps which do the same. I've gathered some more examples as well, like PhonePe personal loan, which I have discussed in another concept. If you come to its interface, you'll see it's clearly written there that it's a sponsored link, which is great. And here, it's saying that if you want a loan, then go to Buddy Loan. Well, this is even worse. So, here's the customer and he applies on PhonePe, then PhonePe sends him to Buddy Loan and secures its commission, then Buddy Loan sends him to Moneyview for example well, that's enough to make customers go mad. It's got the commission too, indirectly from the customer. The customer's paying both these two. So, why should not the customer go to Moneyview directly then? It's quite simple. Let me give you another example. There's Google Pay. Google Pay also gives loans. So, how does that work? Google Pay has tied up with an NBFC called DMI Finance and it gives loans through them. So, the customer goes to Google Pay, and Google Pay sends him to DMI Finance in exchange for a commission. Another example – I'd put some screenshots of Google Pay's interface with rate of interest and all – well, let's leave it now I've already discussed it in another concept. Similarly, there's Bajaj Finserv, which has tied up with Moneyview. Bajaj itself gives loans but has tied up with Zype, Kissht etc. too. It has clearly mentioned that it has more than 15 partners. In the same way, customers come to Bajaj and Bajaj sends them elsewhere in exchange for a commission. There's Paytm too – Paytm has partners as well Hero, Tata Capital, Aditya Birla, Poonawala etc. Again, the same, customers come to Paytm and Paytm sends them to other apps. Well, the matter is that, in India, there's a significant lack of financial literacy. People think that if they're applying to Paytm, then it must be some other app by Paytm that they're being sent to for a loan. Many of you watching might find this quite basic and perhaps too simple But you must understand- you might be able to avoid all these, but there are a lot of people out there who don't know about these. Why should we pay so much commission? I always suggest that if you want a loan, then go to the bank. Why opt for instant loan apps where nothing is straightforward? Anyway, leave it There's Flipkart too. A good thing about Flipkart is that it has a tie-up with Axis Bank. At least it has a tie-up with a bank. But still, I'd say that instead of going to Flipkart, go to Axis Bank directly. So, these are all the things I wanted to tell and you should have knowledge about these too. Secondly, I've already told you everything about Buddy Loan, and since you're here, I'll show you the process as well. So, let's see if you still wish to take a loan from Buddy Loan, then let's go through the process. Otherwise, I've already clarified that if you are to take a loan from somewhere, go there directly. And I also want to say that the rate of interest and fee processing of the instant loan apps are extremely high as compared to banks. That's why I always prefer banks. But I get questions that if one doesn't file an ITR or doesn't have a proper salary slip, then how do they get a loan from the bank? In such cases, they say, the only option is instant personal loan apps. So, if that's the case, select an instant loan app with the lowest interest rate and ensure that the app provides the loan directly, not as an intermediary. This is my personal opinion; the rest is your choice. Let me tell you the process of Buddy Loan now and show you how can you apply for a personal loan from Buddy Loan from home. To apply for the loan from Buddy Loan, first, you've to go to Play Store, and install the Buddy Loan app. After that, it asks you for your mobile number and as you enter the mobile number, you'll receive an OTP for verification, which you've to enter. Then, you're asked to put the loan amount, so select an amount from here, and then you've to click on this 'Next' arrow. Then on the next page, you've to enter your PAN card number, then click on the 'Next' arrow. After that, you've to enter your email ID on the next page, and click on the 'Next' arrow option once again. Then, on the next page, you've to select your employment type select 'salaried' if you have a job, and 'self-employed' if you've your own business. Whatever option you select, you then have to click on the arrow adjacent to it. On the next page, it asks your workplace type – if it's public sector, private sector, or government sector – so, you've to select your employment type and move on to the next page. Then on the next page, you've to enter the company name, and then click on the 'Next' option. Then you're asked to enter your designation or fresher, or the role you play in the company you've to enter that and click on the 'Next' option. Then, on the next page, you've to enter the PIN code and the city of your company, and the state it's located in– all the basic details – and then click on the 'Next' option. Then you're asked how long you've been working in that company, so select the years and then click on 'Next'. Then, you're asked what's your monthly income, so you've to enter your monthly income here, and click on 'Next'. Then you're asked to select the mode of salary whether it's cash or bank credit. So, you have to select one and click on the adjacent arrow to move on to the next page. Then, on the next page, you have to select the bank where your salary gets credited. After selecting the bank, you simply have to move on to the next page. Then, on the next page, you've to enter your name as it is which is typed on the PAN card. After entering your first and last name, you've to click on the 'Next' option. Then on the next page, you're asked to verify your current address. So, verify the PIN code, city, and state of your current address. So, after confirming these basic details, you've to click on the 'Next' option. Then, on the next page, you're asked to enter your residential status, whether it's your own home, a rental property, or under your parent's name, etc. so, select your home type and click on the adjacent arrow. Next, you're asked to enter your date of birth, so select that and click on 'Next'. On the next page, you've to select your gender and click on 'Next'. Next, you're asked about your qualifications, whether you're an undergraduate, graduate, or post-graduate. Select your qualification and click on the adjacent arrow. On the next page, you've to select your marital status. Then, on the next page, you've to enter your father's and mother's name and click on 'Next' to move on to the next page. Then, on the next page, you're asked whether you're currently repaying another loan or not, and if so, what the EMI amount is So, whatever the amount is – if you're paying off another loan, then what's the EMI amount of this loan So, if there isn't any other ongoing loan, then select 0 here, and click on 'Next'. Then, it asks whether you're interested in getting a credit card or not. Select 'yes' if you're interested; if not, then select 'no'. Select an option that you prefer and then move on to the next page. Then on the next page, you'll see the final 'Submit loan request' option, and all you've to do is click on the 'submit' option below. Then it'll take a little loading time. Then it says here that there are two lenders – CASHe and KreditBee who are interested in giving you a loan. So, as I mentioned earlier, it'll show different apps again, they're not giving the loan directly, so if I select KreditBee, then you'll have to go to Play Store to install KreditBee and follow the process of KreditBee. Buddy Loan will just enjoy the commission. So, simply speaking, this is the process. If you select KreditBee, then I've made a separate concept on that. If I show the process of KreditBee, then this concept will become way too long. So, all you've to do is, type 'KreditBee instant loan' and put the channel's name in brackets, that is, XY-Axis Education. So, you can check out the detailed concept on KreditBee too. I hope you found this concept on Buddy Loan informative. For now, this is the end of the concept. Thanks for listening and thank you all.

Friends, in this concept we will discuss that in today's date, if someone wants to take a personal loan from any instant personal loan application, then which application will be the best In this concept, we will discuss three applications that have zero chances of fraud If we talk about the processing fees or the rates of interest for those applications, then also, it is very low, if we compare these three applications with other instant personal loan applications. Okay, before this, I have made two concepts on the best instant personal loan applications. In those, I have made everyone understand with very much love that we should always take loans from the banks only and not from these instant personal loan applications. That has some reason as well. See, I will definitely share three applications in total. I will share the process of application as well with you. But the things I am telling you right now are the most important things which we will discuss at the start of the concept. After that, at the end, I will make everything clear in this concept. Except this, you don't need to go anywhere else. This is the reason I explained in that concept why you should take loans from banks. See, no matter even if the instant personal application is registered with the RBI or not, those have very high rates of interest. For a few, it starts from 12% and which percentage it will reach to the maximum is still unknown. Some have a starting rate of 29% or 36%, and even go up to 48%. In the same way, if we talk about processing fees, it's 15%. This is a significant amount compared to banks, where the processing fee for personal loans is only 1-2%. So, these were a few reasons. I mean that I had shared some examples there as well like I had an active personal loan in the ICICI Bank. So, the interest rate I was paying them for that loan was 13.4%. So, we can get personal loans from banks at an interest rate of 13.4%. Why do we then opt for instant personal loan applications where we need to pay rates of 28%, 30%, 35%, 40%, 45%, which is very common? except that, I have taken examples of other banks as well like ICICI Bank has a starting rate of 10.50%, SBI has a starting rate of interest of 11% for personal loans. So, we had discussed a lot of things. But in that concept, I mean that we have talked about many things very deeply. So, I requested all of my audience to comment 'I agree' if they agreed with my words. You can check the concept right now to verify that 99% of the audience commented 'I agree'. The remaining 1% of the audience didn't express disagreement. but they said that this is absolutely correct that these instant personal loan applications are taking advantage of someone's compulsion and the second thing is that their rates of interest are also very high and they charge a high amount of processing fees. When we apply for a loan, they take access to our gallery, contacts, and other important applications. In case anyone defaults then they have all of the contacts. So, their way of recovering is also very bad. What they will do is that they will call your relatives like your uncles and aunts up and will tell them that their relative has taken a loan. I mean if someone faces any compulsion and makes any default, then they will defame that person among his relatives. So, many people have commented that my words were absolutely correct and they completely agree with me but they have asked me... I have found this comment very genuine and on behalf of this comment only, I am making this concept for you. Okay? Many people have commented that you work in a bank and you have a proper salary slip. You file ITR properly. So, it is very easy for you to suggest to take loans from banks. You will apply for a loan to the bank and you will get it. But there are many such people in the country who don't even know that how they should file ITR. They have a job but they get payment in cash like someone who works as a laborer gets Rs. 12000 or Rs. 15000 in cash. The banks offer nothing to these people in the name of loans. They will never get loans from banks. This is a compulsion of these people that they need to take loans from the instant personal loan applications. Then it occurred to me that the topic is absolutely genuine. I mean that I was thinking about this for a very long time that what kind of wonder these instant personal loan applications have done that many people are taking loans from these. If you notice, then you can see that in the last 2-3 years, the finance sector has got a huge boost. So, after seeing this only, I become like no. It is right that many people in India need loans. Banks don't offer loans to them. The thing is that this is their compulsion that they can get loans from instant personal loan applications only. But in that case, this is our responsibility that at least... See, the first thing is that if the compulsion is very serious, then only, we should take loans from the instant personal loan applications. After that, we need to make sure that we should not touch any Chinese loan application even by mistake. We should not blindly install applications and take loans from them. I will share three applications with you in this concept which are registered with the RBI. Okay? See, the rate of interest is high for each of those. But yes, those are good applications and are running well. You will have to pay more rate of interest. Let me make this thing clear. If you default on a loan, then the way of recovering is also not good. But yes, if you are taking the loan and repaying it with honesty, then it is fine. We can use these applications in compulsion. Now, there's one more thing we should be aware of... We will talk about that thing now and then, we will discuss about those three instant loan applications. Now, let's see how these instant loan applications work. See, let's suppose that I have applied for a personal loan to ICICI Bank. So, ICICI Bank already have the money and they will give you the money from there only. But if I talk about any instant personal loan application, then they don't have their own money. What they do is, suppose they need to lend money to a customer. They either borrow money from banks and lend it to you, or they borrow money from an NBFC and lend it to you. But today, what some of the instant loan applications are doing is that they are only cross-selling. For example, you must have heard about BuddyLoan a lot. Now see, what Buddyloan is doing is that... This is Buddyloan, okay? When you will visit the Buddyloan application, then it is properly written that this is a loan aggregator only. See, I am making this thing more clear to you. After completing the entire process on BuddyLoan as a trial, in the end, when it accepted my request, it stated that I was eligible for the loan and could take a personal loan from these applications. It has more applications down below like KreditBee and 3 to 4 more applications. There was an application named Five as well. So, it was saying that you can take a loan from these applications. That means, it has taken my data and it is referring to me that I should install these branch applications. I can take a loan from MoneyView, Yes Bank, KreditBee or Five. Tell me one thing that I have come to BuddyLoan to take a loan. Suppose, this is the customer and he had visited BuddyLoan. BuddyLoan has referred any other application to him further. I would have taken a loan directly from this application only, right? See, notice one thing if there is any instant loan application, as an example, let's take KreditBee. Kreditbee won't refer to any other application further. Suppose, a customer has visited. KreditBee has four partners like one which I can remember is Aditya Birla. Then you should either refer to Aditya Birla. Then it is fine because it is a NBFC company that it has to give the money. If the application, KreditBee asks me to install the application, MoneyView, so that, you can get the loan. Then, I could visit MoneyView directly, right? So, this is very important to understand that if any application is referring any other instant loan application to you, then you should be aware of that application. Let me give you another example which is PhonePe. If you visit PhonePe to take a loan, then it asks you to take the loan from BuddyLoan. A customer has visited PhonePe. PhonePe has sent him to BuddyLoan. Now, this BuddyLoan will send him to MoneyView and then MoneyView will take the loan from any NBFC and will give it to him. Then, I should take the loan directly from MoneyView, This is a very simple thing. There will be a question that you can take the loan directly from NBFC only. Now, the thing is that NBFC works in the same way the banks do. Then, they reject your loan. So, you will have to take any of the instant loan applications, if you have a bad CIBIL score. If you have a good CIBIL score, then completely ignore this thing. You will have to take loans from the banks only. Let's take another example. We will come to those three loan applications and will share the whole process with you. But this is a very important thing. You know, what I don't like is that I prepare the PPTs deeply. But some people get bored with this and ask to come to the point directly. It would be better for me to come to the point directly. I will get the same number of views and income from YouTube. If I come to the main point directly, then I can easily make 10 concepts per day, if I only need to share the process of clicking here and there. Sometimes, it takes one to one and a half days to prepare one PPT. So, I would request that if you think I am providing valuable knowledge, please like this concept, subscribe to this channel and leave a positive comment. Kindly give the same positive comment which is 'I agree and I am with you'. This much comment is enough for me. These comments make me very happy, and I feel motivated to continue making detailed concepts by researching deeply. Now, let's see this thing once again. Let's take Bajaj Markets as an example. They also have partners. What will it do? It will take all of your details and then, it will refer you to MoneyView or other such applications or to some banks. So, there is no profit to take loans from these as this one has 15 partner brands. There are more examples, like Tata Neu, which offers loans up to Rs. 10 lakhs. Here, it also has some partners like KreditBee, CashE, MoneyView. So, we can take loans from them directly, right? You need to understand this concept a bit. Now, let's discuss the three best instant loan applications available to date. I will share four applications instead of three, Now, at first... Okay, this was the last one left which is CreditLinks. It is the same thing only which has partners like MoneyView and all. Okay? Now, we will discuss about 3-4 best instant loan applications. See, on today's date, the best one is MoneyView. See now, here, don't take this thing like this that it is MoneyView, so it is the best one. I never feel inclined to promote these apps. I am making this concept for those who are not able to get a loan. What is the scene with MoneyView? See, the first thing is that the rate of interest... Now, let me show you another thing. They have written here that the rate of interest is 1.33% per month. They present this as their rate of interest: 1.33% per month. Now, many people think that it's only 1.33%. When you will multiply this with 12, then only, you will get the annual one. So, the rate of interest is 15.96% which is approximately 16%. Their rate of interest starts from 16%. Don't think you will get it at 16%. I have seen many people who say that they can get loans at 16%. Banks offer loans at 16%. If these applications could offer loans at 16%, then it would be perfect. Then why would these applications be worthless? So, that is the thing that it starts from 16%. If your CIBIL score is bad, then it can be 20% or 25% or it can reach 30% as well. This thing works depending on your CIBIL score only. But yes, this one is a trusted application and is registered with the RBI and no such fraud will happen to you that you have not got the money and it is recovering the money. Nothing like that will happen but yes if you make a default... Whenever you pick up an instant personal loan application, 90% of them will request access to your gallery, contacts, location, and other phone features. If you default on their loan even by mistake, then their way of recovering the money is absolutely third-class. They will call your relatives up. Let's suppose, you default on a loan from the bank. Then the banker will visit your house and pressure you to return the money. Bank representatives will also come to your home but they will not go to your uncle or aunt's house to curse you. They will only visit your house. Their way of recovering is like that they will defame you among your relatives. So, the only thing I dislike is their worthless way of recovering the money. okay, let it be. If we talk about MoneyView, you can get loans of up to Rs. 10 lakhs. The age should be 21 years. Now, let's discuss other topics, such as the need for loans among 18-year-old students. Which applications are available for them? For the rest, the minimum age for this one is 21 years and the maximum age is 57 years and these are some of their lending partners. So, this one is not sending you to any other application but to the NBFC companies or to some banks for the loan. I mean that they will not send you somewhere. I will share this process with you. You just need to follow the application process, and you will get the loan from here. It has tied up with them for its own benefit. MoneyView will borrow money from any of these sources and lend it to you. So, it is obvious that MoneyView doesn't have its own money. It borrows money from another company. It has simply created its own app to sell loans. It's a straightforward story. The second one is TrueBalance. On the first number, it is MoneyView and on the second number, it is TrueBalance. Now, the rate of interest and processing fees of TrueBalance are very high. If you are over 21, then cross it off the list. This is just for those who are 18 years old because the minimum age to apply for this is 18 years. So, if any student needs a loan, then it is fine. Because see, in the case of MoneyView, I was getting a maximum loan of up to Rs. 10 Lakhs at a 16% rate of interest but here, the rate of interest starts from 28.8% which is around 29%. It directly has a 13% more rate of interest than the previous one. Let's suppose that in the case of MoneyView if the processing fee is 2-3%, then it has a processing fee of 0-15%. What is 15%? If the processing fee is of 15% and the loan amount is of Rs. 1 Lakh, then only Rs. 85000 will get credited to the account and the loan amount to be repaid is Rs. 1 Lakh and let's suppose that their rate of interest is 30-35%. So, what did I get? Only Rs. 85,000 has been credited to the account, and the loan amount to be repaid is Rs. 1 lakh, also at an interest rate of 30-35%. That means that this is for only those who are very much in need and if he is 18 years old. For that reason only, I have kept it on the list. And yes, another thing is that it is registered with the RBI and a bit trusted. For the rest, the rate of interest is hilarious. I don't know but I am sharing this with you in compulsion. I mean, I don't want to do this. If someone has a good CIBIL score, then I would request him to avoid this one. The third one is KreditBee. This application is also okay. It has tied up with 4 NBFCs. As you can see here, the minimum age is 21 years. Sometimes, they limit the amount to Rs. 4 lakhs, and sometimes up to Rs. 5 lakhs. This information gets updated on the application, so you need to check that out The maximum tenure for a personal loan is 48 months, which is 4 years. and the rate of interest starts from 15% and can reach up to 29%. So, from the perspective of interest rates, it is good. whereas MoneyView offers 16%. Both offer almost the same rate of interest but KreditBee offers loans up to Rs. 4 Lakhs whereas MoneyView offers loans up to Rs. 10 Lakhs. For the rest, both applications are good. I will share another application with you for the fourth spot, which I had not included here. It also has good feedback. Its name is Navi personal loan application. It has a processing fee of 0% which is a very good thing and you can trust this as well. Okay? So, these are the four applications which... See, every application has some cons. If you compare those with banks, then according to me, all of these four have some cons. Okay? But yes, that comment comes to my mind again and again which is that the person who doesn't have any CIBIL score and is taking income in cash needs to put this while applying that he is from a salaried class and is getting income because these people don't understand in most of the cases and ask to upload the bank statement. In a few cases, you get a loan without even uploading the bank statement. So, in that case, let's suppose that someone is getting a salary credited into his account. He doesn't have proper ITR and all. Okay? In that case, as well, he will upload his bank statement. So, there are chances that he will get a loan from here. Okay? If someone gets into an emergency, he will get the loan. So, in that context, these four applications are all good choices. Now here, I am sharing the process for one application and it is the same for the rest of the applications as well. As a demo, I will quickly show you the process for MoneyView. I will demonstrate how you can get a loan from MoneyView. For the rest, on YouTube, everyone has made concepts. The main point was to share the 4 applications with you. You can get loans from whichever application you want. Okay, let's do one thing. I am sharing the process for MoneyView, and it is the same for all of those applications. I will share all the links in the description box below. You can easily apply through those links. I am sharing the process for one application, and it is the same for others as well. I would like to request one thing from you: if you find this concept nice and informative, please like the concept and subscribe to the channel Now, let's see the process for MoneyView quickly. To apply for the MoneyView personal loan, at first, you will have to visit the PlayStore and will have to install the MoneyView: Personal Loan App. After that, you will have to open this application and such kind of interface will be seen on your screen. Now here, it is asking for some basic permissions as I had told you at the starting of the concept that you will have to give the access to your location, contacts and all as it's your compulsion. So, you will have to scroll it down and then simply, you will have to click on the 'I agree' option. After that, for 3-4 times, it will ask to allow to take permission. So, you will have to click on 'Allow' again and again. The thing is that it is your compulsion. You will have to give many permissions mandatorily. This is the thing about these instant loan applications. So, you will definitely have to give the permissions. So, on the notification showing 'Allow', you will need to click on 'Allow' again and again. After that, on your phone, all the Email IDs which are logged in will be shown in front of you. Among these, you will have to select one Gmail ID which you want to register with MoneyView. After selecting that, you will have to click on the 'OK' option down below. After that, on the next page, it will show your Gmail ID and will ask for your mobile number which you want to register with MoneyView. After entering that, you will simply need to click on the 'Continue' option. After that, on the next page, it will automatically fetch your OTP and then, it will take you to the next page. Here, on the next page, it will ask for some of your basic details like your first name, last name, educational qualification and you will have to enter all of these basic details. After that, you will have to proceed to the next page. After that, on the next page, the amount of monthly income you had entered previously like for whom I am applying to, I have entered his monthly income as Rs. 10000. So, according to that, it is showing that he is eligible for the maximum loan amount of Rs. 1.10 Lakhs. It is showing the interest down below as well. Suppose, you take the loan for 18 months, then the amount of interest will be this much and if you take the loan for 15 months, then the amount of interest will be this much. So, the tenure you want the loan for, you will have to select that. After that, you will have to click on the 'Confirm and proceed' option down below. After that, on the next page, it is asking for some of your additional details like your educational qualification, father's name, mother's name, if the house where you live is owned by you or is rented. So these are all of the basic details which you need to enter again. After that, you will have to proceed to the next page. After that, on the next page, it is asking you to verify your KYC. There are two ways to verify KYC. Either, you can do it paperless or via DigiLocker. So, the easiest option is that you get the KYC done via DigiLocker. When you had set the DigiLocker, then you must have set a PIN. You just need to remember the PIN. If you don't even remember the PIN, then also, you can enter any number and you will get logged in. So simply, I am selecting the DigiLocker option here. After that, on the next page, it asks you to enter your Aadhar Card number. After that, you need to enter the Captcha code you can see below as it is. After that, you will have to click on the 'Next' option down below. After that, on the next page, you will receive an OTP for verification. You will have to enter that OTP. After that, it will take you to the next page. Here, it is asking for the same PIN which you had set for DigiLocker someday. If you remember that, then enter it. If you don't remember it, then you will have to set a PIN on your own. After that, you will have to click on the 'Done' option down below. After that, on the next page, it will fetch your details from your Aadhar card. Simply, you will have to click on the 'Allow' option here. After that, on the next page, for your verification, it is asking you to upload your selfie, so that, they can get your photo as a proof. So simply, you will have to upload your selfie here. After that, you will have to click on the 'Done' option down below. After that, on the next page, it is asking that in which bank you want to receive the loan amount. You will have to select the bank in which you have an account like for whom, I am applying for the loan, he has an account in Axis Bank. So, I will select the 'Axis Bank' option. Now, after selecting Axis Bank, On the next page, it is asking you to verify if that is your bank account. So, I can verify it in three ways. Here, through net banking, I can verify that my account is in Axis Bank only. So, I will click on the second option which is the Net banking one. After that, on the next page, it is asking me to select the name of my bank, to enter my username and password and then, you will have to click on the 'Next' option down below. After verification, it will take you to the next page. Here, it is saying that after verifying Axis Bank, in which account you want to receive your loan amount. So automatically, it is already showing Axis under the bank section. Here, I will enter my account number and will confirm the account number and after entering the IFSC code, I will click on the 'Verify' option down below. After that, on the next page, it will show this kind of interface on your screen. It has reduced the loan amount a bit here because later, it again validates the loan amount you are exactly eligible for. So, whatever exactly the final loan amount it will show here, you will have to check it from here. If you think that the rate of interest and all are absolutely perfect, then you will have to click on the 'Confirm' option down below. After that, it will take you to the next page if you confirm it. Then here, it is asking you to set the auto-setup. It is fine that the amount has got credited to your account. Now, auto-setup means that the amount of EMI which will get deducted every month should get deducted from which account. So, every month, it will be done automatically which is called auto-debit. Here, you will have to select that account. So simply, you will have to select the account from which you want the amount of EMI to get deducted and will have to select and verify that account. So, let us get it verified through Net Banking only that from which account, I want the amount to get deducted every month. After selecting Net Banking, on the next page, it will again ask for the same kind of verification process as it was earlier. It is asking to select the bank first, to enter the customer ID and password and then click on the 'Next' option down below. So that, it can verify that from this account only, the amount of EMI should be deducted every month. After that, it will take you to the next page. Here, it is asking you to confirm your address wherever you belong to. So, you will have to enter your Pincode and complete address. After entering all of the details regarding your address, you will have to click on the 'Confirm' option down below. After that, on the next page, it is asking for more of your details like here, it is asking you to select any of your family members. For example, if you select father, then you will have to enter your father's number and your friend's or relative's number down below. This is for their backup only, so that, if you make a default tomorrow, then they can approach them. By the way, they have already taken many data but you will have to do it. So, after doing all of these, you will have to go to the next page. After that, finally, it will show a preview page to you at last that the loan amount is this much, the EMI is this much, the rate of interest is this much and all. If you still think that the rate of interest is high or if you find anything less or more, then from here also, you can exit. If you find everything okay, then you will have to click on the 'Continue' option down below. And sometimes within 1-2 hours or sometimes, within 3-4 hours, the loan amount gets credited into your bank account. So, this is the complete review about the MoneyView loan application. I hope that you have found this concept informative. If you have found this concept even a bit informative, then kindly like this concept and subscribe to this channel. Let's meet on the next concept. As of now, this is the end of the concept. Thanks for listening and thank you all.