MoneyTap - Credit Line & Loan 4.5.0
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Free Version
Publisher Description
MoneyTap - Credit Line & Loan - Personal loan app for salaried people. Quick credit approval with low interest
MoneyTap is a Credit Line and Instant Personal Loan App in India. Get Instant approval for a credit line of up to ₹5,00,000 & pay interest only on the amount you withdraw from your balance.
Our Interest rates starting from as low as 12%. Interest payable on the exact loan amount used from your approved credit line.
→ Salaried employees only. Minimum salary = ₹30,000 per month
We aim to provide better services than Indian banks and the flexibility of getting a line of credit that can be used as an early salary.
What features make MoneyTap the best instant personal loan app in India?
● Borrow any amount or sum of money (starting at ₹3,000) from your approved Credit Line (up to ₹5 Lakh)
● Pay interest only on the amount you use
● Instant personal loan without any risk
● Make UPI transactions from your credit line
● Fully digital, paperless experience
● Select your own flexible EMIs & pay later
How is MoneyTap online instant personal loan app different from any other bank loan in India?
MoneyTap credit line charges interest only for the amount you borrow.
For example: Ajay applies for a MoneyTap Instant Personal Loan (credit line) in January, gets an approved credit line of ₹5,00,000 but doesn’t borrow any money from the approved line for the next 5 months. In May, he withdrew ₹50,000 from his credit limit to pay for a house deposit. Now, the interest will only be charged on ₹50,000. Ajay still has access to ₹4,50,000 whenever he has another emergency without paying any interest on it until he withdraws any amount.
Loan Terms & Fees
Get Rs. 3,000 to Rs. 5 lakhs
Interest rates from 12% to 36% per annum
APR from 10% to 70%
EMI tenures from 3 to 36 months
Low processing fees from 0% to 7%
Low one-time line setup fee from Rs. 199 to Rs. 999
For ₹1,00,000 personal loan borrowed for 1 year, with interest rate @13% per annum*, a user would pay:
- Processing fee (at 2%) = ₹2,000 + GST = ₹2,360
- Line setup fee of ₹999+GST = ₹1181/- to be paid before starting the credit line
- Interest = ₹7,181
- EMI = ₹8,932
Total amount to pay = ₹1,10,725/-
*Interest Rate varies based on your risk profile.
Only a fraction of our customers get an interest rate higher than 30% per annum.
Documents required
● Aadhaar number
● Identity proof (Driving licence/Voter ID/Passport/Aadhaar/PAN)
● Address proof (Driving licence/Voter ID/Passport/Aadhaar/Utility bills/bank statements)
● Passport-sized photo/Selfie
● You can get a personal loan online on your Aadhaar card. E-sign your application with registered mobile OTP for fast-tracked application
How does MoneyTap work?
Get an instant personal loan in 3 simple steps:
● Log on to the MoneyTap credit line app, enter information such as age, city, PAN, and income, and check your eligibility
● Complete KYC verification, submit documents online
● Transfer money to the bank account from the approved amount
Available in 85+ cities.
MoneyTap Personal Loan Application Uses
● Phone pe loan - use it as an urgent online personal loan or as an early salary for emergency
● Wedding loan for marriage expenses
● Loan for home renovation and repair
Bonus: MoneyTap RBL credit card
● 100% cash withdrawal from your credit card online
● 50-days interest-free period*
With your consent we ask for 'SMS and Call log permissions' to facilitate approvals for your loan request in compliance with applicable laws. We DO NOT collect, read, or store any personal SMSs, maintaining your privacy & protection.
Our Lending Partners:
→ SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Company Limited)
https://bit.ly/46KNzh9
→ Incred Capital Financial Services Pvt Ltd
https://bit.ly/3eTT0op
→ Kisetsu Saison Finance (India) Private Limited
https://bit.ly/3RUWndD
→ Cholamandalam Investment and Finance Company
https://bit.ly/Cholamandalam
→ Transactree Technologies Pvt Ltd
https://bit.ly/3UkU5WJ
→ Tapstart Capital Pvt Ltd.
https://bit.ly/3qOUeEc
→RBL Bank Ltd.
https://bit.ly/3DRE98L
Contact: hello@moneytap.com
About MoneyTap - Credit Line & Loan
MoneyTap - Credit Line & Loan is a free app for Android published in the Accounting & Finance list of apps, part of Business.
The company that develops MoneyTap - Credit Line & Loan is Freo - Smarter, Better, Bigger Banking. The latest version released by its developer is 4.5.0.
To install MoneyTap - Credit Line & Loan on your Android device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2024-03-21 and was downloaded 9 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the MoneyTap - Credit Line & Loan as malware as malware if the download link to com.mycash.moneytap.app is broken.
How to install MoneyTap - Credit Line & Loan on your Android device:
- Click on the Continue To App button on our website. This will redirect you to Google Play.
- Once the MoneyTap - Credit Line & Loan is shown in the Google Play listing of your Android device, you can start its download and installation. Tap on the Install button located below the search bar and to the right of the app icon.
- A pop-up window with the permissions required by MoneyTap - Credit Line & Loan will be shown. Click on Accept to continue the process.
- MoneyTap - Credit Line & Loan will be downloaded onto your device, displaying a progress. Once the download completes, the installation will start and you'll get a notification after the installation is finished.
