MoneyTap Loans how to get it and its benefits

MoneyTap Loans how to get it and its benefits

In this article we will discuss MoneyTap Loans how to get it and its benefits and what documents are necessary. MoneyTap is a mobile and web-based platform that enables digital lending of instant personal loans with minimal documentation.
Customers can obtain credit approval in minutes because the process is entirely automated. Along with instant credit, the application offers 24*7 customer support and a variety of products such as cash loans, salary advances, and instant loans, making it a popular choice for borrowers. Credit via MoneyTap is an easy way for everyone to obtain a loan.

It offers the following benefits:

  • Within a few minutes, Instant Approval.
  • Offer on a pre-qualified personal loan
  • MoneyTap-RBL Credit Card is complimentary.
  • Interest is charged on the amount borrowed.

EMI Calculator

MoneyTap Instant Personal Loan

Interest Rate13%
Processing Fee2% + GST
Loaan Tenure2-36 Months
Loan Amount₹ 30,000 to ₹ 5,00,000
Penalty on failure15%

Customers’ credit history, income, and occupation determine interest rates. It is possible to have an annual interest rate of up to 36 percent (although a small percentage of thgeir customers get a rate higher than 30 percent )

How to download MoneyTap

You can install the app easily by downloading it from the Google play store or Apple App Store. Once installed App it will ask for sign in

How to download MoneyTap

You can easily access on laptop or PC using link.

  • Enter your mobile number to download the application
  • OTP will be sent to the number.
  • Enter the OTP you will be taken to page where you can enter your details.
MoneyTap Loans how to get it and its benefits

MoneyTap: How do you use it?

Getting credit through MoneyTap is fast as the entire process takes place online, without any physical work required. A borrower needs to follow the following steps in order to obtain a loan through MoneyTap:

  • Eligiblity Check: To receive credit, you must create an account with MoneyTap. You must provide some basic information and permissions once you download the app. The app will then determine your eligibility based on this information.
  • Provide your details: The process of getting the credit begins once you have confirmed your eligibility using the eligibility criteria.
  • Provide bank details: For credit to be credited to your account, you will need to provide your bank account information.
  • Getting a loan: You will receive the amount of credit directly in your bank account.

Documents required for MoneyTap Personal Loans

It does not require much documentation as compared to other loans and disbursement is fast. The following documents are required for the loan.

  • PAN card
  • Applicant’s identity proof : Aadhaar Card, Valid Driving License, Voter Id, Passport, etc
  • Proof of permanent address: Aadhar card, voter card, utility bill, driving license or passport
  • Selfie
  • Employment Details
  • The most recent salary slips

MoneyTap Customer Support

Customer service is available at MoneyTap. Customer support can assist you if you are not satisfied with the application’s services.
Customer service email can be used to raise any concerns or complaints.

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