Moneypro is a digital lending platform, which gets creditworthy borrowers and willing investors together in association with several banks and NBFC’s to transact on short to medium term personal unsecured loans.

Moneypro goes beyond conventional forms of risk analysis of the borrower in order to serve a broader user base. Banks typically look at CIBIL or other credit bureau scores to make loan decisions. Moneypro takes into account more than 250s of data points to assess the creditworthiness of the borrower such as net salary, expenditure trends, locality of stay, educational qualification, utility and mobile bills, asset holding, Investments, Credit card bills and online spending behaviour etc. This approach ensures that individuals with a less favourable CIBIL score are also likely to get a loan through our platform if they are credit worthy as our proprietary machine learning algorithm generates a more holistic credit profile of the borrower.

Moneypro offers borrowers with the convenience to getting loans while sitting at home without having to visit a bank numerous times to sign papers and other formalities

We ensure that the process is completely transparent with no hidden charges levied on the borrower

Moneypro offers a streamlined and efficient approach to personal finance making the process a very pleasant experience for the borrowers

Lendbox is a platform for people with non-traditional approach to borrowing, which ultimately results in lower interest rates on the financing amount. All borrowers on Lendbox must meet the following criteria to be eligible to be listed on our platform:

• You must be an Indian Resident
• You must be older than 21 years old
• You must have a valid Indian ID proof
• You must have a valid Indian bank account
• You must have a minimum monthly net income of 15,000

When a prospective borrower does not meet the standards listed above, the borrower can't be a part of Lendbox, unless specified by Lendbox in a written legal agreement.

Required Documents (Documents with * are mandatory)

How To Apply For A Small Personal Loan Online

It's very easy to apply for a personal loan at Moneypro. It's a completely online, paperless and hassle free process. To apply, follow the steps given below.

Before applying, make sure you are eligible for an instant loan and have enough documents to get approved. You can check eligibility criteria and required documents in the personal loan eligibility tab. Keep the documents with yourself during the time of application for a quick approval. Make sure your Internet is stable.

Steps to apply for a Small Personal Loan

• Use the form above to register yourself.
• Fill out all the details as per your KYC Documents.
• Upload the copies of all the required documents.
• Complete all the steps and you're done
• After completing the process, we'll contact you with the further details.

If you're creditworthy enough to get a loan, you'll get an activation mail or a call from our representatives in a matter of minutes. Sometimes it can take up to 24 hours to get the approval and disbursement.

The interest rate for personal loans in Moneypro starts from the min 11.49% p.a. and can go upto 36%, upto 3% processing fees and upto Rs. 2000 charges depending on the credit rating of the borrower. The credit ratings are given after the assessment of the borrower.

If you have a good solid credit history and high salary then you can avail a personal loan at the lowest interest rates within minutes. Also, having small loan tenure helps you in keeping the interest amount low. Below is an example of how the interest rate affects the cost of a personal loan and its EMI's.

Example: A Personal loan for Rs. 2,00,000 at an interest rate of 12% with a repayment period of 12 months will have a monthly EMI's of Rs. 17,769 and the total payable interest amount will be Rs. 13,237. The amount you'll repay in 12 months will be Rs. 2,13,237. Disbursals and repayments for a loan through partners of Moneypro can be done through various channels. All payment modes recognized by the RBI such as Cheques, NEFT, IMPS, Bank transfers, Mobile wallets etc. can be availed.

Pre-payment of Loan

You can choose to make a prepayment of the entire loan amount without any penalty/prepayment charges, pre-closure charges etc, however this has to be agreed in advance between the borrower and their respective investors.

Non-Payment

In case you do not pay the EMI by the due date, ?250 bounce charge and additional penal interest of 2% p.m. will be applied to the due amount for the duration.
An opportunity to register on the website and explore the platform.