MoneyTap instant personal loan is available with a fair interest rate and 3 Months to 3 Year period of repayment. The app is providing an instant personal loan with minimal documentation digitally. MoneyTap Instant Personal loan is available with an annual interest rate of 13% to meet your monetary requirement. This app is providing Wedding Loans, Medical Loans, Travel Loans, Home Renovation Loans, Mobile loans, laptop Loans, Consumer durable loans, and Debt consolidation loans. So MoneyTap Instant Personal Loan can prove profitable for you.
‘MoneyTap Instant Personal Loan’ and Customer Care Number
| Application Name | MoneyTap – Instant Personal Loan & Credit Line |
| Interest Rate | 13% to 30% Per Annum. |
| Processing fee | Processing Fees of Up to 2% will be deducted from the loan amount + GST |
| Annual line-up setup fee | Rs.499+GST |
| Loan Tenure | 3 months to 3 Year |
| Minimum Income Require | Rs 20000 to 30000/- |
| Amount of Money | Up to 5 Lakh |
| Age Limit | 23 – 55 Year |
| Late Payment Fee | 15% of the due amount |
| Example | Loan Amount: Rs 1,00,000 Tenure: 12 Months Interest Rate: 13% (on Reducing Principal Balance Interest Calculation) Processing fee 2% = 2000+GST=2,360 Line-up setup fee = 499+GST= 588 EMI Amount: Rs 8,932 APR: 47% Total Interest Payable: Rs 7,181 Total Amount Payable: 1,10,129/- |
| MoneyTap Customer Care Number | 1800-121-1950 |
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Features of the MoneyTap Instant Personal Loan app
There are many advantages to taking Instant Personal loans in MoneyTap. After knowing about it, you would also like to take instant loans through this app. This app can help meet your monetary requirements.
- The process of loan application is completely digital and a contactless process. The document is digitally signed but will not be a physical meeting.
- With MoneyTap, interest is only applied on that amount as much as you have used, not on the total amount of money approved for you.
- Borrowers are given time to 3 to 36 months to pay the loan. Loan EMI will depend on the loan period you choose.
- In only 4 minutes, you can learn about the loan.
- MoneyTap Instant Personal Loans is available with reasonable interest rates.
- This loan is available for salaried and self-employed.
- Loans are made available to customers from RBI-certified NBFC / banks and Indian Bank.
- It is available for download on Google Play Store and customers can see their eligibility for free.
- There is no need to submit security to take an urgent loan.
Eligibility Criteria for MoneyTap Instant Personal Loan
- Only Indian citizens can apply for personal loans.
- The age of the borrower is required between 23 to 55 years
- Should have a monthly source of income.
- You must have a monthly income of Rs 20000 to 30000.
Document Require (MoneyTap Instant Personal Loan)
To take an Instant loan through this app, you do not need more documents. The process of loans is fully digital. You can be using this app to get personal loans.
- Photo Identity Proof: Permanent Account Proof (PAN) Card Number.
- Address Proof: Aadhaar Number/Driving license/Voter ID/Valid Passport/Bank Statement.
- Identity Proof: Aadhar Number/PAN/Passport/Driving license/Voter ID.
- Professional Selfie.
- Income Proof: Salary Slip, Bank statement last 6 months.
- KYC Proof: Aadhaar Number with registered mobile number.
- Valid bank account number.
Fees & Charges (MoneyTap Instant Personal Loan)
- A processing fee of Up to 2% will be deducted from the loan amount + GST.
- MoneyTap charges an annual line-up setup fee of Rs 499 + GST on a personal loan.
- If a person fails to repay the loan, To the app charged a penalty of 15% on the amount due.
- MoneyTap loan interest rate starts from 1.08% Per Month (13% Per Annum) on a Personal loan.
Must Read – Kreditbee Instant Personal Loan
Types of Loan provided by MoneyTap
MoneyTap Instant Personal Loan here is different types of loans provided to you. The person can choose the loan according to his needs and convenience.
Marriage Loan
You must have often seen that there are many expenses in the work of marriage. But due to lack of money, we are to cancel a lot of functions. Now you do not need to do this. Because MoneyTap has brought you a marriage loan facility. you can use this loan amount to work very easily.
Medical Loan
Medical debt can use in an emergency. You know that when a family member an admitted to the hospital, it has to spend too much. In such a situation, the MoneyTap Medical Loan will be helpful for you.
Mobile Loan
Your dream of taking new mobile may be complete through mobile loans. MoneyTap offers you mobile loans. Whose money will have to pay you in easy installments
Two-Wheeler Loan
In today’s time, a person should have a bike. Due to the COM-19, traveling in local transport is very risky. If we have to go away from our home, then there is a need for a two-wheel. MoneyTap has come up with a two-wheeler loan to meet your needs. It is available for the person living in India who meets all the terms of the loan.
Home Renovation Loan
If you want to renew the house, you do not have to worry about money because the MoneyTap has brought you a plan for a home renewal loan. When you need home improvement, you can use a loan.
Education Loan
With a MoneyTap, you can get financial assistance in the form of a personal loan so that you can be used as an education loan and focus on your study and career. In addition to regular education expenditure, you will be able to take care of other costs while studying with your MoneyTap credit line.
Debt Consolidation Loan
With a MoneyTap instant loan, you can get a loan at a low-interest rate to pay off the stress of your multiple EMIs faster without any hassle. You can use this amount to pay EMI for Credit Card payments, Mobile loans, etc.
How to apply for an instant personal loan from MoneyTap App?
- Install MoneyTap App from Google Play Store & Apple Store.
- Register by using your mobile number.
- Fill in your original details to check your loan eligibility. Such as name, home address, monthly income, etc. In some time, you will learn about the loan amount.
- Full KYC with a Pan Card, Aadhaar Number, and Selfie.
- Enter your bank account details for a money transfer.
- Avail loan as bank transfer or E-voucher as per your request.
- Reach us at [email protected] for any of your queries.
MoneyTap – Instant Personal Loan
Varthur Kodi, Palm Meadows, Whitefield,
Bangalore, Karnataka – 560066
MoneyTap Instant Personal Loan App Detail
| Application Name | MoneyTap Instant Personal Loan & Credit Line App |
| Version | 3.7.5 |
| Updated on | 26 Jul 2021 |
| App Downloads | 10M+ |
| App Download Size | 33.92 MB |
| Released on | 12 Jul 2016 |
| Offered by | MoneyTap – Asia’s 1st Credit Line App |
MoneyTap Instant Personal Loan Related FAQ: –
What is a Personal Loan?
Personal loans help you borrow money for the price of personal nature – whether for any other requirement like emergency, education, family marriage, or home renewal. With MoneyTap Instant loans, with different loans from 3k to 5lakh, you can enjoy low-interest rates with flexible functions between 3 months to 3 years.
How to apply for an instant personal loan from the MoneyTap app?
If you want to take personal loans from MoneyTap, you must install the MoneyTap app and create your account. In which you ought to fill in a number of the necessary information. After filling in this data, the app will show your “Instant Personal Loan” eligibility with a qualified interest rate and period. After successfully checking the qualifications norms, you will fill in the details of the loan. After that, you will fill in bank details so the amount will get transferred to your account.
What is the interest rate in MoneyTap?
MoneyTap Instant loan is available with an annual interest rate of 13% (1.08% per month) to meet your monetary requirement. With MoneyTap, interest is only applied on that amount as much as you have used, not on the total amount of money approved for you.
What are the Eligibility Criteria of MoneyTap?
You have to meet some conditions to take advantage of credit loans from MoneyTap.
To take advantage of the loan, you must have citizenship in India.
The person’s age is between 23 to 55 years.
You must have a monthly income of rupees. 30000
How can I calculate the EMI payable before availing of a personal loan from MoneyTap?
You can check EMI payable by using the EMI calculator available on the MoneyTap app. You can put the necessary details to check the EMI payable and check the emission payable. This feature is absolutely free for you.
How to contact MoneyTap personal loan customer care?
For any type of query related to Personal Loan, you can also call on the customer care number 1800-121-1950. You can also get an answer to your questions by sending mail to [email protected]
