MoneyTap -Credit Loan Payments

4.1
362K reviews
10M+
Downloads
Content rating
Everyone
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About this app

Download the new Freo app for super fast approvals ⚡https://bit.ly/NewFreoApp⚡

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.

--
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: hello@moneytap.com
Updated on
May 2, 2025

Data safety

Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time.
This app may share these data types with third parties
Personal info, Financial info and 2 others
This app may collect these data types
Location, Personal info and 5 others
Data isn’t encrypted
You can request that data be deleted

Ratings and reviews

4.1
361K reviews
Nitesh Patil
June 9, 2025
Fraud app I recently closed my loan application after settling all outstanding dues. However, an unauthorized debit has been made from my account. Despite multiple attempts to reach your customer care via phone and email, I have received no response.
Freo - Smarter, Better, Bigger Banking
June 10, 2025
Hi Nitesh. We apologize for any inconvenience caused. Unfortunately, we couldn't locate your information in our system. To better assist you, please fill out the feedback form here: (https://bit.ly/4bSvy2F). We'll be glad to help you further.
V S N Murthy Pantula
May 20, 2025
I am using this every time and paying regular without any late I think I was a good customer but my limit got decrease....it's shame marketing and my card also upgrade but no use...decreased the values month by month it's worst service comparative with other cards. I am locked I will try to escape from this worst App ...Starting with Happy after passing months everyone knows this worst service , soon I try to close this as soon as possible, please don't trap as fish in this net
2 people found this review helpful
Freo - Smarter, Better, Bigger Banking
December 10, 2021
Hi, Murthy. This is definitely not the experience we want you to have. We'd like to understand the issue and help you with it. Please write to us at hello@moneytap.com so we will address you further.
Muthu Narayanan
May 12, 2025
full amount paid but still auto pay activated, very worst app, already full amount settled on 10th Feb 2025, still auto pay not deactivate, this will affect cibil score and getting message still after fully paid, very worst and cheater don't get a loan from this app, this is cheater app, already I sent paid screenshot short to may money tap people through WhatsApp but still my auto-pay not deactivate for last 3 months....
Freo - Smarter, Better, Bigger Banking
May 12, 2025
Hi Muthu. We apologize for any inconvenience caused. We need to review your account. Please reach out to us via the registered Freo WhatsApp number using this link: (bit.ly/3PtW1w0).