Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
MoneyTap is India’s first company that offers instant online credit without any collateral or complex paperwork. It is designed especially to cater to the credit needs of middle-class customers to provide small to medium cash loans, quick credit on mobile at affordable interest rates, and flexible EMIs. MoneyTap is a mobile app where you can apply for credits and loans easily without any paperwork and collateral security.
We often feel that there should be an affordable alternative that can help us to get easy access to credit. So, MoneyTap allows you to borrow and pay off your loans flexibly. You can easily apply for MoneyTap Personal Loan anywhere anytime on your mobile. All you need to do is complete your KYC. You can get instant approval within 4 minutes after the completion of documentation.
Anyone can borrow amount as low as ₹3,000 to as high as ₹5 Lakh. This amount can be used for multiple purposes including marriage, medical, marriage, education, travel, home renovation, consumer durable, etc.
MoneyTap Personal Loan provides easy loan within 4 minutes with interest 13.00% p.a. onwards. Below table gives the complete details of Personal Loan.
| MoneyTap Personal Loan | Details |
|---|---|
| Loan Category: | Personal Loan |
| Loans Offering: | Personal Loan, Marriage Loan, Holiday Loan, Medical Loan, Home Renovation Loan, Travel Loan |
| Loan Type: | Unsecured personal loan |
| Interest Rate: | 13.00% p.a. onwards |
| Processing Fee: | Up to 2% + GST |
| Approval Process: | Both online and offline |
| Minimum Income Requirement: | ₹20,000 |
| Loan Approval Timing: | 4 minutes |
| Minimum Loan Amount: | ₹3,000 |
| Maximum Loan Amount: | ₹5 Lakh |
| Minimum Loan Period: | 2 months |
| Maximum Loan Period: | 36 months/3 years |
| Type of Interest Rate: | Fixed Interest Rate |
| Interest Charging Method: | Reducing balance method |
There are eligibility criteria set by MoneyTap for their personal loan:
| MoneyTap Personal Loan | Details |
|---|---|
| Salaried Employees | Yes |
| Salaried Doctors | Yes |
| Employees of public and private limited companies | Yes |
| Government sector employees including Public Sector Undertakings, Central and Local bodies | Yes |
| Loan for Pensioners | No |
| Loan for Existing Customers | Yes |
| Self-Employed | No |
| Selected Corporate | Yes |
| Other Criteria | Residents of Ahmedabad, Anand, Bangalore, Chennai, Chandigarh, Coimbatore, Delhi, Gandhinagar, Hyderabad, Indore, Jaipur, Mumbai, Mohali, etc. |
| Minimum Age | 23 years |
| Maximum Age | 55 years at the time of maturity of the Personal Loan |
| Minimum Income Requirement | ₹20,000 |
MoneyTap offers the following products and services:
Now you can deal with the pressure of wedding expenses comfortably with the help of a personal loan from MoneyTap. The amount can be used for hotel booking to jewelry shopping or any other type of major marriage expenses.
MoneyTap Personal Loan can be your best friend in all medical emergencies. From hospitalization, medical procedures to doctor’s visits, you can use the loan amount for any of your medical use.
MoneyTap helps you to complete your or your child’s education without worrying about the cash crunch. You can use the money from MoneyTap for education expenses which can be accessed instantly.
Want to visit your dream place but thinking of expenses. MoneyTap provides a travel loan so you need not drain savings for traveling. The funds from MoneyTap can be used anywhere and anytime.
Give your home a new look with new furniture or repair your house with an easy home renovation loan by MoneyTap. Money for a home renovation loan covers everything and does not dent your monthly budget or your savings.
Want to purchase a used car or any other vehicle, then MoneyTap personal loan will help you with flexible repayment tenure and pocket-friendly EMIs.
Struggling to buy the latest smartphone or laptop? Upgrade your gadgets with a MoneyTap personal loan which allows you to make a purchase and repay in easy EMIs.
Bring home the best home appliances for all your household needs with the help of a MoneyTap personal loan.
A debt consolidation loan helps you in getting rid of your debt faster and saving money on interest. So you can apply for a debt consolidation loan at MoneyTap and pay off debt easily.
MoneyTap provides instant approval and hassle-free two-wheeler loans. You can enjoy the benefits of an unsecured loan with minimal documentation.
MoneyTap Personal Loan offer various services, please find below the list of features offered by the vendor.
| MoneyTap Personal Loan | Details |
|---|---|
| Personal Loan | Yes |
| Wedding Loan | Yes |
| Education Loan | Yes |
| Home Renovation Loan | Yes |
| Two Wheeler Loan | Yes |
| New Car Loan | No |
| Used Car Loan | Yes |
| Travel Loan | Yes |
| Medical Loan | Yes |
| Top Up Loan | Yes |
Here is the detail charge list for MoneyTap Personal Loan process. We have covered all possible charges for your loan requirements for clear visibility on MoneyTap Personal Loan processing.
| MoneyTap Personal Loan | Details |
|---|---|
| Co-Applicant Allow | No |
| Income Criteria | Yes |
| Collateral Requirement | No |
| Pre Approved Credit Limit | NA |
| Foreclouser Charges | 0% |
| Loan Foreclouser Conditions | Permissible only after 6 months |
| Bounce Charges | NA |
| Bounce Charges Self Employed | NA |
| Late Payment Penalty | 15% of principal amount overdue |
| Duplicate NOC Charges | At actual |
| Stamp Duty Charges | As per laws |
| Instrument Swapping Charges | NA |
| Loan Cancellation Charges | NA |
| Stamp Duty Charges | As per laws |
| Loan Rebooking Charges | NA |
| Statement Of Account Charges | NA |
| Duplicate Repayment Schedule | NA |
| EMI Payment Mode | Online Payment |
| Overdue Payment Mode | Online Payment |
| Hidden Charges | NA |
In this section we have listed all important links related to MoneyTap Personal Loan.
| MoneyTap Personal Loan | Details |
|---|---|
| Banks | NA |
| Charges Information | Link |
| Personal Loan Eligibility Calculator Link | NA |
| Personal Loan EMI Calculator Link | NA |
| Education Loan EMI Calculator Link | NA |
| Car Loan EMI Calculator Link | NA |
| Product Demo Link | Demo Link |
| Website Link | Website Link |
| Android App Downlaod Link | Android Mobile App Download |
| iOS App Downlaod Link | iOS Mobile App Downlaod |
For new customers:
For existing customers:
Please find below the list of documents required to avail personal loan. Aadhar, PAN and Income Proof are the most important documents, other documents are optional. The complete list of documents you can keep ready for your loan application.
| MoneyTap Personal Loan | Details |
|---|---|
| Age Proof | Copy of Passport/Driving License/Aadhar Card |
| Address Proof | Copy of Passport/Driving License/Aadhar Card/Voter ID/Ration Card |
| Identity Proof | Registered Rent Agreement/Utility Bills last 3 months/Copy of Passport/Copy of Ration card |
| Income Proof for Salaried Emp | Salary slip of last 3-6 months, ITR or Form 16, 6 month bank statement |
| Income Proof for Self Emp | IT returns for the last 2 years along with audited balance sheet, P&L account statement for 2 years |
Last Updated on 2020-12-28T02:05:07+00:00
