MoneyTap -Credit Loan Payments

4.1
363K reviews
10M+
Downloads
Content rating
Everyone
Screenshot image
Screenshot image
Screenshot image
Screenshot image
Screenshot image
Screenshot image
Screenshot image
Screenshot image

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
Sep 5, 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
362K reviews
Asif Shaikh
September 22, 2024
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.
5 people found this review helpful
Freo - Smarter, Better, Bigger Banking
August 6, 2024
Hi Asif. We need to review your account. Would you mind providing us with your registered contact details using this link (https://bit.ly/Qfwof8moneytap).
Ramakrishna Pothu
September 11, 2024
I'm experiencing issues with Money Tap. Despite approving my personal loan, the amount has not been disbursed. Additionally, the ECS mandate has been deducted from my account. I've tried to withdraw the amount, but I'm encountering errors. I've already emailed the details to Money Tap, but I haven't received a response yet. I'm warning others who are in urgent need of funds to beware of Money Tap's delays, as my disbursement is still pending after 5-7 days, with errors shown from their end.
Freo - Smarter, Better, Bigger Banking
September 12, 2024
Hi Ramakrishna. 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.
Ankur Ganguli
September 24, 2024
Very disappointing none of the support team replies to priority queries I have been trying to withdraw since past few days and this app is continuously showing an error while authentication something went wrong and not even working I have mailed twice but no response from the team Have you all really become so disappointing in customer service Moreover you people do not even have a toll free number where the customer support team can speak and resolve it only about mail which is never replied
Freo - Smarter, Better, Bigger Banking
September 24, 2024
Hi Ankur. 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.