What Is Moneyview? || Key Features || Advantages

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What Is Moneyview?

Moneyview is an Indian fintech company (Whizdm Innovations Pvt Ltd) founded in 2014, headquartered in Bangalore. It provides a wide range of financial services: instant personal loans, home loans, credit cards, fixed deposit investments, digital gold, and a UPI payments system. 

Its mission is to make financial services simple, accessible, and transparent for ordinary users. 

Moneyview has a large user base — over 65 million users, with 4.8★ rating on Google Play.

 Moneyview: UPI, Personal Loans – Apps on Google Play

Key Features of Moneyview

1. UPI Payments

  • Moneyview offers a UPI service, allowing users to send and receive money instantly. 

  • It’s fully compliant with NPCI (the organization behind UPI) and RBI regulations, so safety is a priority.

  • They use 256-bit encryption to secure your data.

  • There are no charges for UPI transactions on Moneyview — it's free.

  • To set up Moneyview UPI: you need to activate it in the app, allow SMS permissions, pick your SIM, and choose your bank.

2. Personal Loans

  • You can apply for personal loans ranging from ₹5,000 up to ₹10 lakh.

  • The repayment tenure is flexible: 3 months to 60 months (i.e., up to 5 years).

  • The interest rate starts at about 14% p.a. (which comes out ~1.16% per month according to their calculation).

  • You can check eligibility in just 2 minutes on their app.

  • Minimal documentation required: PAN card, a selfie, and your mobile number linked to Aadhaar.

  • Once approved, the loan is disbursed to your bank account very quickly, often within minutes or a few hours.

  • There are no hidden surprises: you can see your interest rate, EMI schedule, and total repayment clearly before committing.

  • Processing fee starts from around 2% of the approved loan.

  • For overdue EMIs, there’s additional interest.

  • Foreclosure is allowed (closing the loan before full tenure), but only after paying at least 3 EMIs. (Moneyview)

3. Security & Trust

  • Moneyview is ISO 27001:2022 certified, which means it meets high standards for information security.

  • Uses 256-bit encryption to keep user data safe. (Moneyview)

  • The app is backed by a network of lending partners (15+ institutions like banks and NBFCs) — Moneyview doesn’t always fund loans itself, but works with trusted partners. (Wikipedia)

Advantages of Using Moneyview

Here are the key benefits:

  1. Speed and Convenience

    • Loan application is fully digital.

    • Eligibility check is super fast.

    • Disbursal is quick — useful for urgent financial needs.

  2. Flexibility

    • Choose the loan amount you need (₹5,000–₹10 lakh)

    • Repayment tenure up to 60 months gives flexibility to manage EMIs.

  3. Transparency

    • You can see interest rate, total repayment, and other terms before agreeing.

    • No hidden charges in UPI or loan if all terms are disclosed.

  4. Security

    • High encryption standards + ISO certification.

    • UPI transactions are safe, and there are fraud-prevention measures. (Moneyview)

  5. Low Barrier to Entry

    • Minimal documentation → just a selfie + PAN + Aadhaar-linked mobile number. 

    • Good for both salaried and self‑employed individuals.

  6. Multiple Financial Services in One App

    • Not just loans: you can check your credit score, invest in gold, open FDs, apply for credit cards.

Risks & Disadvantages / Things to Be Careful About

While Moneyview has many benefits, there are also some caveats and risks, based on user feedback and reviews:

  1. High Interest for Some Users

    • Depending on credit profile, interest rates can be quite high. Some users on Reddit have reported being charged ~29% p.a. (Reddit)

    • The “APR” (effective rate including fees) can go up to much more, depending on lending partner. (Moneyview)

  2. Processing Fees

    • There is a processing (origination) fee.

    • For some users, prepayment or foreclosure charges may apply (depending on their terms). (Roopya)

  3. Customer Support Issues

    • Several users complain that support is slow or not very helpful. (Business Park Center)

    • In default situations or overdue payments, there are reports of aggressive calls / reminders. (Reddit)

  4. Data Privacy and Harassment

    • Some Reddit users allege serious privacy concerns or harassment:

      “I am being harassed by MoneyView … receiving EMI reminders … for a loan I never took.”

    • There are also reports of loan apps (including Moneyview) allegedly misusing contacts to call guarantors or references.

  5. Debt Trap Concern

    • Some users warn about falling into a debt loop: taking multiple loans from such fintech apps leads to very high EMIs.

    • If EMIs are not managed properly, it can hurt your credit score. (Reddit)

  6. Misinformation / Scams

    • There are reports on Reddit about people receiving scammy calls or messages claiming to be Moneyview.

    • It's very important to ensure you're using the official Moneyview app / website and not a phishing clone.

How to Use Moneyview Safely & Smartly

If you decide to use Moneyview (for UPI or personal loan), here are some tips to stay safe and make the most of it:

  1. Download the Official App

    • Use the Google Play Store or Apple App Store to download the legitimate Moneyview app. (App Store)

    • Make sure the developer is Whizdm Innovations.

  2. Understand All Terms Before Signing

    • Use their EMI calculator (available on the site/app) to estimate your monthly payment. (Moneyview)

    • Read carefully about interest rate, processing fees, prepayment terms.

  3. Check Eligibility & Credit Score

    • Check the eligibility on the app (takes ~2 minutes) before applying. (Moneyview)

    • Try to maintain a good credit score (CIBIL) to get better offers.

  4. Borrow Responsibly

    • Only take the amount you need; don’t over-borrow just because it’s “easy.”

    • Choose a repayment tenure that keeps your EMI manageable.

  5. Track Your Repayment

    • Mark EMI dates clearly.

    • If possible, set up auto-payments (if your bank supports it) to avoid late payments.

  6. Use UPI Wisely

    • Since Moneyview UPI is free, use it for regular payments, but always double-check payment details like UPI ID before sending money.

    • Keep your app updated to get the latest security patches.

  7. Customer Support

    • If you face issues, reach out to Moneyview’s customer care. According to its website, support is available Monday to Saturday. (Moneyview)

    • In case of harassment or mistaken loan cases, document everything (emails, calls) and escalate.

  8. Stay Alert for Fraud

    • Be careful of phishing calls / messages pretending to be Moneyview.

    • Regularly check your credit report to spot any unauthorized loans.

Final Verdict

Moneyview is a powerful fintech tool for modern users who need both fast personal loans and a digital payments solution (UPI) under one roof. Its strengths lie in its flexibility, speed, and transparency, making it a very attractive choice for people who need quick access to credit or want to manage their finances more smartly.

However, it’s not without risks. Interest rates can be high for some users, and there are real user complaints about customer service and potential privacy issues. That doesn’t necessarily mean it’s “bad,” but you need to be careful, read the fine print, and borrow responsibly. For many, it may serve as a practical and efficient digital lending solution — but like any financial product, it's important to weigh benefits against potential costs.

Dharmendra Verma

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