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MoneyTap

MoneyTap Personal Loan

Last Updated 18th Sep 2021

Moneytap is an instant loan that you can avail of through the Moneytap app within 24 hours. These loans are easy loans and do not require any documents and credit history. You can avail personal loan from Moneytap at minimum rates starting at 13% for a maximum tenure of 36 Months.

Moneytap Interest Rate 13% to 36%
Processing Fee 2% + GST
Loan Tenure 2 Months - 36 Months
Loan Amount ₹ 30,000 - ₹ 5,00,000
Age 25 - 55 years
Apply for Personal Loan @ 10.25%* Get upto ₹ 1,000* Cashback

MoneyTap App

There are many Personal Loan Apps in India and one of them is MoneyTap. It is a mobile and web-based platform designed to provide instant personal loans with minimal documentation digitally. On this app, you can get the credit approved in minutes. Along with instant credit, the application also provides 24*7 customer care services 365 days a year and offers various products, like cash loans, salary advances, and instant loans making it a popular choice for instant personal loan borrowers. An easy solution to a loan for everyone, getting credit through the app, has the following advantages:

  • Instant Approval within few minutes.
  • Pre-qualified personal loan offer
  • Complimentary MoneyTap-RBL Credit Card.
  • Interest charged on the used amount.

MoneyTap Personal Loan App: Important Details

Some of the important MoneyTap loan details are:

  • MoneyTap Personal Loan Interest Rate starts from 13%.
  • They charge a processing fee of 2% + GST on personal loan.
  • Loan tenure of MoneyTap Personal Loan ranges from 2 Months to 36 Months.
  • Get a personal loan of ₹ 30,000 to ₹ 5,00,000 .
  • On failure of loan repayment, the app charges a penalty of 15% on amount due.

MoneyTap Interest Rate

MoneyTap loan interest rate starts from 13% on a personal loan, which is decided based on the income, occupation and credit history of the customer.

MoneyTap App Download

  • The application can be easily installed by downloading from the play store. To download the application enter your mobile number.
  • An OTP with the downloading link will then be sent to the number.
  • Users can easily install the application by clicking on the link sent on the mobile number.

How does MoneyTap App work?

The process of getting credit is quick as the process is entirely online with no physical work. To get a loan you need to follow the following steps:

  • Create an account:You need to create an account with MoneyTap to get credit. Once you download the app, you will be required to give some permissions and basic information.
  • Checking eligibility: Based on the basic information provided by you, the app will show your personal loan eligibility, with eligible interest rate and tenure.
  • Filling details: After successfully checking the eligibility criterion, you will need to fill in all the necessary details to get the credit related to existing loans, occupation and employment details.
  • Providing bank details: You need to submit your bank accounts details for the disbursement of credit to your account.
  • Getting a loan: The amount of credit will then be directly transferred to your bank accounts.

Documents Required for MoneyTap Personal Loan

The disbursement of the loan is fast and requires a minimum of documents as compared to other loans. These are the documents that you need to submit for the loan.

  • Photo Identity proof: PAN Card
  • Permanent address proof: Aadhar card / Voter card / Utility bill / Driving license or Passport
  • Latest salary slips

MoneyTap Customer Care Number

  • It has a dedicated customer care support line. If you are not satisfied with the services provided by the application, you can contact at helpline number at
  • You can also raise your concern or complaint on customer service email .

Compare Personal Loan Apps Interest Rates

AppInterest Rates
Cashbean 33%
Cashe 33%
Early Salary 24%
Finnable 18.99%
Kreditbee 12.24%
Loantap 12%
NIRA 24%
Paysense 15.96%

FAQs

How do I contact MoneyTap?

If you have any concerns regarding the app services, you can call MoneyTap personal loan customer care number at . You can also write on their official email id at .

How do I cancel a MoneyTap loan?

You cannot cancel a loan once you have availed personal loan from MoneyTap mobile application.

Is MoneyTap under RBI?

Yes, MoneyTap App is registered with RBI that provides an instant personal loan. Other RBI registered apps Cashbean, Cashe, Early Salary, Finnable, Kreditbee, Loantap, NIRA, Paysense.

What happens if I don't pay my MoneyTap loan?

If you fail to pay your loan, you will be sent an intimation to repay your loan. However, failing to do so will make the lender write off your account along with having an impact on your credit score.

Does MoneyTap affect credit score?

If you avail personal loan from the MoneyTap app, you do not require any credit history; however, it will hurt your credit score if you fail to repay your EMI on time.

What is the interest rate of MoneyTap?

The app provides instant loans via a hassle-free process. Also, it offers affordable and convenient personal loans to salaried employees at an attractive rate of 13%.

What is the Eligibility Criteria of MoneyTap?

To apply for credit from the MoneyTap application, you need to meet the minimal documents and eligibility criteria. Unlike any other loan, it does not require any credit history to avail of the loan. The age of the borrower must fall in the age bracket of 25 to 55 years. Further, the loan application must range between ₹ 30,000 to ₹ 5,00,000 for a tenure of 2 Months to 36 Months. Apart from that, you must have a regular income of ₹ 20,000.

How do I repay my MoneyTap loan?

The credit taken through this mobile app loan can be repaid through multiple modes like Debit card, UPI, Netbanking, and wallet.

How do I get a loan from MoneyTap?

The process of getting a personal loan through MoneyTap is easy, quick, and affordable. You need to follow these steps to get instant credit. (i) Install the application from the play store. (ii) Register yourself via mobile number. (iii) Fill in necessary personal details and submit the KYC documents. (iv) The application is reviewed online as soon as possible. (v) After reviewing of application, the agreement is signed online, and the loan amount is disbursed.

Is MoneyTap a safe site?

The data shared by the app is transferred to the lenders with the consent of borrowers over a secure connection. Hence, it is a safe and reliable app to apply and get an instant personal loan.

Does MoneyTap check the CIBIL score?

Yes, every loan or a loan application whoever offers a personal loan do check credit score. This is one of the important requirements to avail of a personal loan from any lender.

How can I get a salary in advance with the MoneyTap?

MoneyTap mobile app provides salary advances to working professionals for overcoming any financial constraint. It offers advances with a limit of ₹ 30,000 to ₹ 5,00,000 at zero credit history.

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MoneyTap Personal Loan News - Nov 2021
  • 2021-06-11 : MyLoanCare collaborates with three of the top app-based lenders
    MyLoanCare Ventures Pvt Ltd has collaborated with three of the top app-based lenders - MoneyTap, EarlySalary, and Paysense to make Instant Small Ticket Personal Loans convenient, transparent and much quicker.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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