MoneyTap is India’s first app-based personal credit line. It is here to simplify the process of availing of personal loans from any time, anywhere. It offers access to money within 24 hours with a completely online process. As per your requirement, you can take loans from as low as Rs. 3000 to Rs.5 Lakhs without any collateral.
Highlights of MoneyTap loan app
|Details of MoneyTap loan –|
|Age Requirement||23 to 55 years|
|Interest Rate||15 to 18%|
|Minimum loan amount||Rs. 3000|
|Maximum loan amount||Rs. 5 Lakh|
|Loan tenure||2 months to 36 months|
|Minimum eligible income||Rs. 30000/m|
|Processing fee||up to 2% of the withdrawn amount|
Features of MoneyTap loan app –
- Borrow in parts
- Low Interest
- High loan amounts
- Flexible Repayments
- Doubles as a credit card
- Instant MoneyTap loan approvals
- Flexible Tenure
How to get MoneyTap Instant Loan online –
Here’s an easy 3 step process to get a quick loan from the MoneyTap loan app –
Step 1 – Download the app :
The first thing you need to do is to download the MoneyTap app from Google Playstore. After that, you’ll need to update basic information about yourself. With the help of those details, the app will check and let you know if you’re eligible for the MoneyTap instant loan or not. If you’re eligible, you’ll be notified of the credit limit you are allowed to avail.
Step 2 – Complete your KYC :
If you qualify for a loan, you are required to then complete the KYC formalities related to MoneyTap instant loan. You’ll also need to upload the required documents on the MoneyTap loan app and get them verified.
Step 3 – Receive your funds :
After the KYC process is finished and your loan is approved, you will receive your MoneyTap Card with the sanctioned amount. You can withdraw funds from your account or can use the card as a credit card. The best part is, the interest will only be levied on the funds that you use.
Eligibility criteria for MoneyTap Loan –
- Age – between 23 to 55 years
- Must be either –
- a full-time employee with a minimum salary of Rs. 30000/month or
- a self-employed professional with an income of at least Rs. 30000/month
- Must be a resident of the MoneyTap required cities. Click here to see the list
Documents required for MoneyTap instant loan –
- Pan Card
- Address Proof – Aadhar card, passport, driving license
- ID proof – Passport, Voter’s Id, Aadhar Card, Pan card
We hope this blog helped you. Now that you know every detail of how to get MoneyTap Instant Loan, check out their website and sign up for your loan in a few clicks.