Cover Image of Download MoneyTap - Credit Line & Loan 4.1.1 APK

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ID: com.mycash.moneytap.app

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The description of MoneyTap - Credit Line & Loan


MoneyTap is a Credit Line and Instant Personal Loan App in India. Get Instant approval for a credit line of up to ₹5,00,000 & pay interest only on the amount you withdraw from your balance.
Our Interest rates starting from as low as 12%. Interest payable on the exact loan amount used from your approved credit line.

→ Salaried employees only. Minimum salary = ₹30,000 per month

Special Offer: Select customers in 1200+ cities can now get up to Rs. 10,000 @ 0% interest.

We aim to provide better services than Indian banks and the flexibility of getting a line of 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 Line (up to ₹5 Lakh)
● Pay interest only on the amount you use
● Instant personal loan without any risk
● Make UPI transactions from your credit line
● Fully digital, paperless experience
● Select your own flexible EMIs & pay later

How is MoneyTap online instant personal loan app different from any other bank loan in India?

MoneyTap credit line is better than a traditional bank loan. You are charged interest only for the amount you borrow.

For example: Ajay applies for a MoneyTap Instant Personal Loan (credit line) in January, gets an approved credit line of ₹5,00,000 but doesn’t borrow any money from the approved line for the next 5 months. In May, he withdrew ₹50,000 from his credit limit to pay for a house deposit. Now, the interest will only be charged on ₹50,000. Ajay still has access to ₹4,50,000 whenever he has another emergency without paying any interest on it until he withdraws any amount.

Loan Terms & Fees

Get Rs. 10,000 to Rs. 5 lakhs
Interest rates from 12% to 36% (APR)
EMI tenures from 3 to 36 months
Low processing fees from 2% to 3.75%
Low one-time line setup fee from Rs. 199 to Rs. 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
- Line setup fee of ₹999+GST = ₹1181/- to be paid before starting the credit line
- 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 personal loan in 3 simple steps:

● Log on to the MoneyTap credit line 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 85+ 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
● Mobile phone loan
● Loan for laptop
● Loan for new, used or second-hand car
● Credit loan for bike or scooter
● Education loan for students
● Loan for medical emergencies and health urgencies
● The experience of an early salary loan app for emergency cash and credit
● Whenever you need money view us as the perfect solution

Bonus: MoneyTap RBL credit card

● 100% cash withdrawal from your credit card online
● 50-days interest-free period

MoneyTap is a mobile app that has pioneered the concept of credit line. MoneyTap has partnered with reputed and well regulated partners like RBL Bank, HDBFS, Credit Saison, DMI Finance, Fullerton India, InCred, and TapStart Capital.

For queries: [email protected]
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  • Category

    Finance
  • Get it on:

    Go Google Play com.mycash.moneytap.app
  • Requirements:

    Android 5.0+

MoneyTap - Credit Line & Loan 4.1.1 APK for Android 5.0+

Version 4.1.1 for Android 5.0+
Update on 2022-08-05
Installs 10.000.000++
File size 47.887.001 bytes
Permissions view permissions
What's new - Improved sign up experience
- Improved qualification experience

FAQs

  • No. MoneyTap is not fake. It is a genuine and a unique product designed with a singular goal – to serve the users.
  • Simply put, MoneyTap lets you get credit with a few taps on your phone. ... After a KYC visit by our partner bank that happens within a couple of days of registration, you'll have access to your credit line from your phone or through your MoneyTap card. You pay interest only on what you borrow from your credit line.
  • MoneyTap is India's first app-based personal credit line, offered in partnership with banks. With the tap of a button, this app lets you borrow as little as Rs. 3000 or as much as Rs. 5 lakhs depending on your credit limit that is set by our banking partners.
  • How Does MoneyTap's Personal Line of Credit Work?
    • Step 1 - Download the MoneyTap credit line app & register. ...
    • Step 2 - Complete your KYC documentation - For final approval. ...
    • Step 3 - Start using - as cash or card with one tap! ...
    • Step 4 - One tap to convert to flexible EMIs. ...
    • Step 5 - Keep track of all your transactions.
  • No. MoneyTap is not fake. It is a genuine and a unique product designed with a singular goal – to serve the users.
  • MoneyTap recently got the NBFC license from RBI! With the new NBFC license, MoneyTap plans to scale up its business and strengthen its existing Bank/NBFC partnerships with a strong focus on innovation, inclusive growth, and hybrid lending strategies.
  • How Does MoneyTap's Personal Line of Credit Work?
    • Step 1 - Download the MoneyTap credit line app & register. ...
    • Step 2 - Complete your KYC documentation - For final approval. ...
    • Step 3 - Start using - as cash or card with one tap! ...
    • Step 4 - One tap to convert to flexible EMIs. ...
    • Step 5 - Keep track of all your transactions.
  • MoneyTap Personal Loans start at an interest rate of 1.08% per month (13% per annum). The best part is, you can get an approved credit limit of up to ₹5 Lakh, but you don't have to pay any interest until you transfer this money to your bank account.
  • MoneyTap is India's first app-based personal credit line, offered in partnership with banks. With the tap of a button, this app lets you borrow as little as Rs. 3000 or as much as Rs. 5 lakhs depending on your credit limit that is set by our banking partners. More importantly, you pay interest only on what you use.
  • No. MoneyTap is not fake. It is a genuine and a unique product designed with a singular goal – to serve the users.
  • 23 Best Instant Personal Loan Apps In India

    • PaySense. This is one of the best instant loan apps without salary slips, and it has recently merged with LazyPay to become one of the best platforms in this field. ...
    • MoneyTap. This is one of the fastest instant loan apps in India. ...
    • Dhani. ...
    • Nira. ...
    • CASHe. ...
    • Home Credit. ...
    • PayMe India. ...
    • India Lends.
  • You can transfer money from your app to your bank account and can use your regular ATM card to withdraw funds and use them as you wish or NEFT/IMPS to someone depending on your needs. The funds are yours.
  • MoneyTap was founded by Bala Parthasarathy, Kunal Varma, and Anuj Kacker, who are IIT and ISB alumni.
  • To securely pay from your MoneyTap app: – Go to your MoneyTap app and from the settings button on the top right corner, click on “Make Payment”. – This will take you to the Payment page where you will be asked card and account details for completing the payment.
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