MoneyTap -Credit Loan Payments

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About this app

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MoneyTap is a Credit App and an Instant Personal Loan App in India. Get Instant approval for credit up to ₹5,00,000 & pay interest only on the amount you withdraw from your balance.

Additionally, with MoneyTap you can pay for your bills that put a dent in your pocket such as Rent Payments or Paying for Security Deposits for your home or Down-payments.

Our Interest rates start from as low as 12%. Interest is payable on the exact loan amount borrowed from your approved credit limit.

→ Salaried employees only. Minimum salary = ₹30,000 per month

We aim to provide better services to our customers with the flexibility of getting 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 Limit (up to ₹5 Lakh)
● Pay interest only on the amount you use
● Instant personal loan without any risk
● Fully digital, paperless experience
● Select your flexible EMIs & pay later

Loan Terms & Fees

Get - ₹3,000 to ₹5 lakhs
Interest rates - 12% to 36% per annum
APR - 10% to 70%
EMI tenures - 3 to 36 months
Low processing fees - 0% to 7%
Low one-time setup fee - ₹199 to ₹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
- Setup fee of ₹999+GST = ₹1181/- to be paid upfront
- 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 loan in 3 steps:

● Log on to the MoneyTap credit 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 1200+ 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

Additionally, also make financial transactions via the app such as paying your rent online. Once can use Net banking or card payment to pay their monthly rent bills, society maintenance bills etc.

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With your consent, we ask for 'SMS and Call log permissions' to facilitate approvals for your loan request in compliance with applicable laws. This is essential & core to facilitate lending services & fraud prevention. We DO NOT collect, read, or store any personal SMSs, maintaining your privacy & protection. Additionally, these permissions are needed for SIM Binding flows (verification, security & compliance by our bank partner) and for utility & financial transactions such as RENT PAYMENT.

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: [e-mail]

Ratings and reviews

App does not work,every time when I open the app,I get an error of something went wrong, please try again later.This same error I get with RBL and moneytap applications,worst app ever,4 years and still no improvement,always ask to create new MPIN and after creating new MPIN with all the lengthy process,it shows the error of something went wrong.

Guys dont waste the time on this app. Approval time is 2 minutes after getting all doucments its taking more than 25 days and still counting, app and the team is as slow as 🐌 snail. Their are many apps in playstore who just credit the money in fews minutes. Money tap one of the most slowest app. Not even 1 star i would give it.

This app is gateway to other loan providing apps on Google play. Unknowingly, I made account with multiple other apps(zype, fibe, etc.) through this single app. I have no idea how safe my data is. Plus it's just the same methodology by all the apps to collect your personal information before rejecting your application, at least ascertain eligibility before collecting all my security sensitive information👎👎