One can find out through this app free of cost whether his credit score is eligible to apply for credit cards or loans in the banks. Else through CIBIL it will take ₹500/- to know your credit score.
I see a lot of hate from fellow users on the processing times and untimely responses. Got to admit, yes the response and the processing times can definitely be improved. There were instances where I doubted, but this is definitely legitimate. Though I haven't borrowed, I have an approved credit line which is like emergency funds and I thank Moneytap for it. This is definitely a very noble initiative and can serve as lifesaving funds in terms of extreme emergencies. The other plus point is it doubles as a credit card as well. Keep up the good work ! To the moneytap team, i) Please give a transparent roadmap about the timelines for the various steps in the process. The 7-8 minute or How fast you can type, the sooner the processing timeline is a little misleading. ii) Also, there seems to be few hidden charges which aren't kept forth on the table. I have sent you an eMail about the same. Looking forward to a long lasting relationship.
Collectedy documents 4 days ago still no update on funds. Even contacted them on email but still no reply
It's very nice app
Can't bloody sign up
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