Who is MoneyTap?
MoneyTap is India’s first app-based personal credit line, developed in collaboration with leading banks. Designed to provide flexibility and convenience, it allows users to borrow amounts ranging from as little as ₹3,000 to as much as ₹5 lakhs, based on the credit limit set by its banking partners. With a unique approach, MoneyTap ensures you pay interest only on the amount you utilize, making it a smart solution for managing personal finances.
How Does MoneyTap Work?
MoneyTap simplifies access to credit with its app-based solution, offering instant and flexible personal loans. Here's how it works:- Get Approved : Apply through the MoneyTap app and get approved for a credit line of up to ₹5 lakhs, depending on your eligibility.
- Instant Transfers : Transfer the required amount directly to your bank account whenever you need it.
- Flexible Repayment Options : Repay the borrowed amount in easy EMIs over a tenure of your choice, ranging from 3 to 36 months.
MoneyTap provides a hassle-free and convenient way to manage your financial needs with flexibility and transparency.
A Credit App for All Your Personal Loan Needs
MoneyTap serves as a one-stop solution for various financial requirements, offering tailored personal loans for different purposes. Whether it’s for planned expenses or emergencies, MoneyTap has you covered:Two-Wheeler Loan
Finance your dream bike with ease.
Laptop Loan
Upgrade your technology without financial strain.
Mobile Phone Loan
Get the latest smartphone with manageable repayments.
Home Renovation Loan
Transform your living space without breaking the bank.
Consumer Durable Loan
Purchase household appliances conveniently.
Debt Consolidation Loan
Simplify your finances by consolidating debts.
Marriage Loan
Manage wedding expenses effortlessly.
Travel Loan
Turn your travel dreams into reality.
Medical Loan
Address health emergencies with peace of mind.
MoneyTap ensures flexible credit options, catering to diverse personal and lifestyle needs, all through a single, easy-to-use app.
What Makes MoneyTap Different?
MoneyTap stands out in the world of digital lending with unique features designed to provide a secure, convenient, and user-centric experience:No Collateral or Guarantors
Enjoy access to credit without the need for security or guarantors.
Quick Online Support
Have questions or need assistance? Reach out to the support team anytime via email at hello@moneytap.com .
Lifetime Access to Credit
Apply once and gain 24x7, year-round access to your credit line. Withdraw funds and transact anytime you need.
100% Safe and Secure
Your data privacy and security are a top priority. MoneyTap adheres to stringent IT security policies and collaborates only with RBI-regulated banking partners.
These features make MoneyTap a reliable and innovative solution for instant and flexible personal credit.
Do I Have to Pay Interest? Is It High?
With MoneyTap, you pay interest only on the amount you actually use from your credit line. At the time of withdrawal, you have the flexibility to choose a repayment tenure ranging from 2 months to 3 years, which will determine your monthly EMIs.The interest rate is competitive, comparable to standard personal loan rates in the market for loans without collateral. Depending on the partner bank and your credit profile, rates can be as low as 1.25% per month , ensuring affordability and transparency.
MoneyTap’s interest structure makes it a cost-effective option for managing personal finances.