MoneyTap - Credit Line & Loan

4.1
3.37L reviews
1Cr+
Downloads
Content rating
Everyone
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About this app

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

Special Offer: Select customers in 1200+ cities can now get up to Rs. 10,000 @ 0% interest.

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. 10,000 to Rs. 5 lakhs
Interest rates from 12% to 36% (APR)
EMI tenures from 3 to 36 months
Low processing fees from 2% to 3.75%
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
● Mobile phone loan
● Loan for laptop
● Loan for new, used or second-hand car
● Credit loan for bike or scooter
● Education loan for students

Bonus: MoneyTap RBL credit card

● 100% cash withdrawal from your credit card online
● 50-days interest-free period

Our Lending Partners:

→ Fullerton India Credit Company Limited
https://bit.ly/3xyAwAr
→ HDB Financial Services Ltd
https://bit.ly/3RWNDn5
→ 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/3QO6OOE
→ 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
16-Sept-2022

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 3 others
This app may collect these data types
Location, Personal info and 5 others
Data is encrypted in transit
You can request that data be deleted
4.1
3.37L reviews
joseph joshi
18 September 2022
It is no longer in my wish list as the service levels of the app has gone down. So many mails and no response from team. Even after clearing the due mount. Keep getting an error notification to clear dues to make transfer. Had waited for so long still the same error. Happy to exit
3 people found this review helpful
Freo - Smarter, Better, Bigger Banking
19 September 2022
Hello sir, We sincerely apologize for the inconvenience. Kindly share your registered email address on this link:https://bit.ly/Qfwof8moneytap. You can find the link in your email. Thank you
Raziq Khan
14 September 2022
Unfortunately I have to change my review.. before this I gave 4 star for this app.. But now I am giving 1 star because of their service. I have paid all my emi's on time and now I have closed my loan. I am trying to use my credit limit again it shows me that due to recent policy changes made, your money transfer service has been disabled. Please contact us after 3 months for an update on this issue. On the other side they sending me emails that your credit line is ready to use... Seriously !!!
7 people found this review helpful
Freo - Smarter, Better, Bigger Banking
15 September 2022
Hello sir, We sincerely apologize for the inconvenience. Kindly share your registered email address on this link:https://bit.ly/Qfwof8moneytap. You can find the link in your email. Thank you
Ashu M
6 September 2022
I have been using this app since more than a year. I took 2 loans & re-payed them timely. Unfortunately now from past 15 -20 days I am facing issues. I have to do all the basic documentation again. I did that, then I faced issues in updating my NACH details for repayments. Once it was done I was kept waiting by getting message on the app that my NACH form is under review. Now it says Money transfer is temporarily blocked. Getting no reply on emails too. That's disappointing.
6 people found this review helpful
Freo - Smarter, Better, Bigger Banking
7 September 2022
Hi, apologies for the inconvenience caused to you. We are unable to find your details here. We request you to help us with your registered email address for further assistance write at hello@moneytap.com for any assistance.

What's new

- Minor Bugfixes.