MoneyTap Loan 2022

MoneyTap is the first app to provide instant online credit in India. In association with multiple banks and NBFCs (Non-Banking Financial Companies), it offers unsecured, short-term credits to its customers directly on their phone or desktop, without a complicated documentation process. MoneyTap has a widespread presence in 40+ cities and provides small-medium cash loans at affordable interest rates and flexible EMIs. 

The interest rate applicable on a Money Tap loan typically ranges from 13% to 18% per annum. However, the exact interest for your loan amount will depend on your repayment history, defaults and cheque bounces, etc. You need to pay interest only on the withdrawn amount rather than the entire approved limit. 

Loan application process at MoneyTap is short and simple. Here is a checklist of the documents you may need to furnish to apply for a loan through MoneyTap:

• PAN card number
• Your company name and e-mail address
• Professional selfie (Taken on MoneyTap app)
• Bank statement and account detail
• Identity proof: Any one of – driving license, passport, Aadhaar card
• Address proof: Any one of – driving license, passport, voter ID card, Aadhaar card
• Address proof: Any one of – driving license, passport, voter ID card, Aadhaar card 

Applying for a personal loan through MoneyTap has a wide range of benefits:

• Customized loan amount: With MoneyTap, you can borrow loan amounts ranging from as low as Rs. 3,000 up to Rs. 5 lakh in the form of a wedding loan, travel loan, medical loan, education loan, two-wheeler loan, laptop loan, mobile loan, home renovation loan, consumer durable loan and debt consolidation loan.  
• Flexible withdrawal: MoneyTap offers flexibility in the way the loan amount is withdrawn. You have the freedom to withdraw the entire approved limit or only the amount you require. 
• Rechargeable credit: After paying off the borrowed amount, you qualify for a top-up loan and get the flexibility to withdraw the loan multiple times.  
• Interest applicable only on withdrawn amount: The interest rate is applicable only on the loan amount used; there will be no interest rate on the unused loan. 
• Flexible repayment tenure: MoneyTap Loans are offered for 2 to 36 months, and you can repay the loan over a repayment tenure of your choice.

How to apply for a personal loan on the MoneyTap app?

Take the following simple steps to apply for a loan on the MoneyTap app.

• Step 1: Download the MoneyTap app from the Google Play Store. Provide the basic details about yourself to know your eligibility for a loan in real-time.
• Step 2: Once you apply for a loan on MoneyTap, it will send a loan executive to collect your KYC documents for final approval. 
• Step 3: You can access the credit line anytime, anywhere, once it gets the final approval. There is no restriction on the end-use of the borrowed amount.

You can repay the loan over a repayment tenure ranging from 2 months to 36 months as per your convenience.

MoneyTap offers different types of personal loans easily accessible to customers from anywhere at any time. Here are the types of MoneyTap Loan:

• Wedding loan: A wedding loan from MoneyTap can be used to cover significant wedding expenses such as jewelry, venue, guest accommodations, wedding invitations, and so on, allowing you to simply manage any financial restraints that may emerge.
• Medical loan: In the event of a medical emergency, you will require funds to cover the costs of numerous medical treatments, medications, hospitalization, and other expenses. With a MoneyTap Medical Loan, you may pay all of these medical bills with minimal financial strain.
• MoneyTap travel loan: If you're planning a big vacation, a MoneyTap travel loan will help you arrange plane tickets, hotels, and other expenses right away.
• MoneyTap's home remodeling loan allows you to update your home by purchasing new furniture, lighting, and other accessories.
• MoneyTap mobile loan: If there is a new phone on the market that you really want, you can buy it right away with a MoneyTap mobile loan instead of waiting days to save money.
• MoneyTap laptop loan: Get immediate financing for the latest laptop model you want to buy from the convenience of your own home or office with a MoneyTap laptop loan.
• Consumer loan for long-term use: Is it television that you want to purchase? Or how about a home theatre? Or even a speaker? You can buy the appliance of your choosing quickly with a MoneyTap consumer durable loan.
• Debt consolidation loan: With this loan from MoneyTap, you may combine several loans and debts with different payment dates into a single EMI, making payments easier.

In association with multiple banks and other financial institutions, MoneyTap is the first credit line based instant loan app. You can get an instant loan anytime, anywhere with zero collateral. It is the best app where you have to pay interest only on the withdrawn loan amount. Apply for a loan on the app and get approval in 4 minutes. On MoneyTap, you can get an instant loan starting from Rs. 3,000 to Rs. 5 lakh with interest rates starting from as low as 13% to 24.3% p.a.  

If you choose a MoneyTap credit line personal loan, you must meet the following requirements:

• Either work as a salaried employee or as a self-employed professional (lawyer, doctor, or businessman)
• A minimum monthly income of Rs. 20,000 is required.
• You must be at least 23 years old and no older than 55 years old to participate.
• Salaried applicants must have worked in their present position for at least 6 months (at the time of application submission) and have a minimum of 2 years of work experience. Self-employed people should have been in business for at least 3 years and have at least 3 years of work experience overall.

You must live in one of the cities listed below:

• Interest rate is applicable only on the borrowed amount, no interest on the unused amount.
• No cost EMI for 3 months for shopping on Amazon.in.
• Once the loan is disbursed, you can use any amount of credit you want from your available line of credit.
• Instant loan with 100% paperless process without visiting the lender. 
• Flexible EMI tenure ranging from 2-36 months. 
• Collateral-free personal loan app

Money tap customer care number

If you have any queries regarding MoneyTap instant loan, you can contact to MoneyTap customer care at hello@moneytap.com

• Build and maintain your credit score, which is a representation of your payback history and goals and plays a key part in a loan acceptance.
• Before applying for a personal loan, be sure you match the bank's eligibility requirements.
• Applying for a personal loan with various lenders can damage your credit score.
• Maintain a modest debt-to-income ratio of less than 50%, if possible.