MyMoneyMantra Personal Loan

MyMoneyMantra is a loan service provider that offers personal loans from different lenders with favourable terms. You can get a MyMoneyMantra personal loan ranging from 10,000 to 1Cr at an attractive interest rate starting at 10.49% p.a. Which you can use for any emergency, personal, education or medical purposes.

You can get the best lender that suits your financial needs with a personal loan from MyMoneyMantra.

MyMoneyMantra Personal Loan Details

MyMoneyMantra offers you flexible and tailored financial support, helping you get the right personal loan terms for your requirements. The following table shows what MyMoneyMantra personal loan is offering:

Interest rate Starts at 10.49% p.a.
Loan amount Rs. 10,000 to Rs. 1 Cr
Processing fee 3.5% of loan amount
Tenure 12 - 60 months
*Note: The interest rates are dynamic and subject to change based on your credit history and credit worthiness.

MyMoneyMantra Personal Loan Interest Rates

The interest rate for MyMoneyMantra personal loan will differ from one lender to another. It will be determined by various factors such as the loan amount, tenure, credit score, credit history, and more.

MyMoneyMantra Interest rate 10.49% p.a.
*Note: The interest rates are dynamic and subject to change based on your credit history and credit worthiness.

Apply for a Personal now!

MyMoneyMantra Personal Loan Fees & Charges

Apart from the interest rate, a personal loan will also have other fees and charges. These charges will depend on individual lenders, as they consist of various aspects of the lending process. These fees and charges are significant to balance the cost of the lending process service given by the lenders.
Here are the fees and charges offered by MyMoneyMantra:

Processing fee 3.5% of loan amount
Prepayment Charges 1% - 2% of outstanding loan balance

MyMoneyMantra Personal Loan Eligibility Criteria

When you are considering a personal loan, it is important to know the eligibility criteria set by the lenders. MyMoneyMantra also has its own set of eligibility requirements for a personal loan, these are:

Age 21 - 60 Years old
Occupation Salaried, Self-employed professional, Self-employed
non-professional and business owners.
Monthly Income Minimum ₹20,000
Job stability 2 years continuous in a job or 3 years in business.
Income Tax Returns Last 2 years ITR
Credit Score 700 above

Not sure of your credit score? Check now for free!

Check Your Credit Score for Free

Also get a Free Credit Report

Documents Required For MyMoneyMantra Personal Loan

To get a personal loan, you need to provide an accurate set of documents. These documents act as proof of your identity and repayment capabilities. Therefore, to ensure that the application process goes smoothly, you will need to know what documents are required for which lender.
Here are the documents that are required by MyMoneyMantra:

KYC Documents PAN, Aadhaar Card, Driving Licence, Voter ID, Passport, Rental Agreement.
Income Proof (Salaried) Salary slips of last 6 months, ITR and Form 16 of the last 2 years, 3 months Bank Account Statement, and Employment Certificate.
Income Proof (Self-Employed) Financial Statement (Balance Sheet and Profit or Loss Statement), IT returns of last 2 years, Bank Account Statement, GST Registration.
Other Documents Personal loan application form, Recent passport sized photograph, Processing Fee cheque.

MyMoneyMantra Personal Loan EMI Calculation

Taking a MyMoneyMantra personal loan comes with monthly repayment installments that are an important part of the loan journey. These EMIs make the repayment much simpler and more convenient. Understanding how much EMI you will need to pay before applying for a loan is important to effectively manage your finances.

There are two ways by which you can know your EMI amount. You can check your EMI by using the EMI calculator below. All you need to do is enter the loan amount, interest rate, and tenure in months.

Monthly EMI 86
Principal Amount 1,000
Total Interest 32
Total Amount 1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

You can do so by calculating the EMI manually using the formula:

EMI=P * r * (1 + r)n/(1 + r)n-1

In this equation:

‘r’ stands for the interest rate.

‘P’ stands for the principal amount.

‘n’ represents the loan repayment period.

Comparison of MyMoneyMantra Personal Loan Vs Other NBFCs

Comparing personal loans from different lenders is important in order to make a well informed financial decision. Every lender offers unique terms, interest rates, and repayment structures. Conducting a thorough comparison will help you identify the best terms that are tailored to your financial circumstances.

Here is a list of the top NBFCs and their interest rates:

MyMoneyMantra 10.49% p.a. onwards
Buddy Loan 11.99% p.a. onwards
Faircent 12.00% p.a. onwards
Dhani 13.99% p.a. onwards

Read More

Read Less

*Note: The interest rates are dynamic and subject to change based on your credit history and credit worthiness.

Ready to take the next step?

Features & Benefits of MyMoneyMantra Personal Loan

MyMoneyMantra personal loans offer distinct and unique features and benefits. Some of them are highlighted below:

Flexible Loan Tenure

You can choose a tenure
that you are comfortable

Customisable Loan Amount

You can borrow anv loan
amount between 10,000
to 1Cr.

Fast Turnaround Time

Get the loan disbursed
with 48 hours of

Attractive Interest Rates

MyMoneyMantra offers low
interest rates starting from
10.49% p.a.


MyMoneyMantra personal
loans have no hidden
charges or fees.

Zero Collateral

There is no need to provide
collateral as it is an
unsecured loan.

Types of MyMoneyMantra Personal Loans

There are many different types of loans that MyMoneyMantra provides. These are:

Travel Loan: A travel loan is an opportunity for you to turn your travelling dreams into reality. Whether you want to travel abroad in style or go on a backpack journey across India, a loan can help you cover the expenses. Along with the loan you may also get travel insurance.

Wedding Loan: Manage your many celebration expenses with a wedding loan. Make your once in a lifetime event a memorable one by getting the best caterers, venues and attires.

Festival Loan: A festival loan can make your special occasion even more memorable. This loan offers you financial support to enjoy the festivities without financial strain. It helps to cover decoration, gifts, and other expenses.

Consumer Durable Loan: Consumer durable loans help make the purchase of expensive home appliances or furniture more pocket-friendly.

Pension Loan: Pension loans are a valuable source of funds to help retirees meet various financial needs, such as medical expenses, home improvement or more. These loans offer comfortable repayment plans that fit their repayment capabilities.

Home Renovation Loan: Renovate your home with ease with the help of a home renovation loan. This loan will cover all renovation, repair, new material purchases and house related expenses.

Education Loan: An education loan helps you achieve your higher academic dreams and aspirations. It covers tuition fees, accommodation and study materials expenses for studying abroad and in India.

Computers and Mobile Phone Loan: Upgrade your devices with a loan for computers and mobile phones. This loan will help you make the purchase without straining your wallet.

Steps to Apply for MyMoneyMantra Loans

Follow these steps to apply for a home renovation loan with Buddy Loan:

Step 1: - Visit or Download & install the Buddy Loan app (Android or iOS).

Step 2: Open the Personal Loan Application Page. Provide the mobile number and enter the received OTP.

Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option

Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).

Step 5: Enter your work details (Including company name, years of service and Designation)

Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)

Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.

Take the next step? Apply for a Personal loan now!

Frequently Asked Questions

MyMoneyMantra Personal loan is a financial aid that you can get to fund your education, medical emergencies, home renovation, wedding, and more. All you need to do is visit their website, apply for a personal loan and get personalised offers from various lenders.

To apply for a personal loan through mymoneymantra, you need to visit their website, go to the personal loan application page, enter the required information and follow the instructions given on the website.

The minimum loan amount you can get through My Money Mantra is ₹10,000 and the maximum amount you can get is 1 Cr.

The interest rate for personal loans offered by MyMoneyMantra starts at 10.49% p.a.

To be eligible for MyMoneyMantra personal loan you need to be an Indian citizen of 21 to 60 years of age. You must be salaried or self-employed with a minimum income of ₹20,000 with work experience of at least 2 years and business continuation of 3 years. Along with a credit score of 700.

Depending on your credibility, your loan application can be approved anywhere between 48 hours or 7 days.

Display of trademarks, trade names, logos, and other subject matters of Intellectual Property displayed on this website belongs to their respective intellectual property owners & is not owned by Bvalue Services Pvt. Ltd. Display of such Intellectual Property and related product information does not imply Bvalue Services Pvt. Ltd company’s partnership with the owner of the Intellectual Property or proprietor of such products.

Please read the Terms & Conditions carefully as deemed & proceed at your own discretion.