MoneyTap - Credit Cards & Loan

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.

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
Jul 9, 2024

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
Rajesh Vishwakarma
July 15, 2024
It's a really awful experience. Additionally, if you are aware of another app, please use it to apply for a loan as they will erase your bank information when it comes time to foreclose. Additionally, they will impose higher interest rates on the bank section and other apps. Since I have enough money, I've been trying to close my loan on my own for the past two months, but they have taken away both of my bank's options to foreclose. I have enough money, but I'm stuck between them like a scammer.
1 person found this review helpful
Freo - Smarter, Better, Bigger Banking
July 15, 2024
Hi Rajesh. We regret any inconvenience you may have experienced as we were unable to find your information in our system. To assist you more effectively, we kindly ask you to complete the following feedback form (https://bit.ly/3JTmoneytap). We'll be more than happy to help you out.
pooja tapashetti
May 23, 2024
Worst app, after completing all the, I have received 1 re, and the amount is still processing from 2 days, and no proper response from the team, also I will get multiple what's app notification about my credit line is ready, what's the point if the money is processing from 2 days and not getting distribursed. Again the link is not working, why such worst experience
3 people found this review helpful
Freo - Smarter, Better, Bigger Banking
May 23, 2024
Hi Pooja. We regret any inconvenience you may have experienced as we were unable to find your information in our system. To assist you more effectively, we kindly ask you to complete the following feedback form (https://bit.ly/3JTmoneytap). We'll be more than happy to help you out.
Jessica Dsilva
June 1, 2024
It's been one week I've submitted my documents.... And they are still asking again and again for it.... It says I'll get a call to submit my documents but i still didn't get any call so far... Very perthatic service, when a person is in need of money in urgency we recommend for loan apps, but no they give ASAP.... I don't recommend this app at all.... Very bad service
6 people found this review helpful
Freo - Smarter, Better, Bigger Banking
June 5, 2024
Hi Jessica. We apologize for any inconvenience experienced. We are struggling to identify your concern as we cannot locate your information in our system. To assist you better, please provide us with your registered email address by clicking on the following link: (https://bit.ly/Qfwof8moneytap).