- Unexpected financial requirements frequently emerge in our day to day lives. Access to quick and easy personal loans is very important, whether it is for a dream vacation, home improvement project or medical emergency. Presenting Money Tap the top personal credit provided app in India that has completely changed the way millions of Indians borrow money.
Major Benefits of Money Tap application
1. Money Tap provides instant approval of disbursement: The application process with Money Tap is very easy. Users can obtain and accept a credit line up to Rs ₹5 lakhs in a hassle-free way. It eliminates complex paperwork and a long time to process the loan in the traditional banking system
2. Credit Flexibility: MoneyTap offers a revolving credit line, in contrast to conventional loans. Think of it as a financial safety net that you can access anytime you need it. Interest is only paid on
3. Regarding Guarantors and Collateral: Money Tap provides loans without guarantors and collateral money. If your credit score is good then you will be eligible for a good amount of loan. The higher the credit score higher the chance to get a higher loan amount.
4. Lifetime Access: Your credit is available for use for a long term. When you need money for a desired purchase or an unforeseen expense, you can think of about money tap application.
5. Availability of the loan: You can transact and withdraw at any time and in any place. Money Tap is open 24/7.
6.No compromise on Safety and Security: The application is very safe which keeps your data secure. Money Tap only works with partners who are governed and regulated by RBI with strict security regulations.
Know to use your MoneyTap application
1.Get the MoneyTap app from the Apple App Store or Google Play Store in your device
2.Enter your basic information such as including your Name,Age, city,Contact number, PAN number and income.
3.Your credit line is approved by the system after it has assessed your eligibility.
Where to use the fund: new technology, trips, medical bills, schooling costs, etc.
Refill your credit line for future use or make EMI repayments.
DIFFERENT TYPES OF LOAN LISTED IN MONEYTAP APP:
- Upgrade your work-from-home setup with a laptop loan.
- Obtain the newest smartphone with a mobile phone loan.
- Improve your living space with a home renovation loan.
- Use a consumer durable loan to purchase gadgets or appliances.
- Arrange your ideal wedding with a marriage loan.
- Travel Loan: Visit and Rejuvenate.
- Pay for medical expenditures with a medical loan.
- Study Loan: Avail loan for your study .
- Get your ideal vehicle with a used auto loan.
- And Explore the world in your Two Wheeler with a Two wheeler loan
Personal loans from MoneyTap have an initial interest rate of 1.08% per month, or 13% annually.
The following are the salient features of MoneyTap’s personal loan:
Loan Amount: Without any collateral or guarantors, you can acquire a quick ₹5 lakh MoneyTap Personal Loan.
Use: This money can be used for a number of things, including weddings, college loans, mobile phones, vacations, crises, and house designing.
Interest Calculation: Only the amount that has been used is subject to interest; the whole authorized credit limit is not. Interest is not charged until funds are sent to your bank account.
Repayment options are variable and range from two to thirty-six months.
Borrow in Parts: Whenever you need money, you can take out loans ranging from ₹3,000 to your total authorized credit limit.
Avail a free visa credit card: You also get a free MoneyTap-RBL Credit Card with MoneyTap Personal Loan 2.0, which is packed with features and advantages.1. With MoneyTap’s latest generation Personal Loan 2.0, get digital loan approval that is rapid, simple, and hassle-free. Apply online via their smartphone app, and you’ll get approved in a matter of minutes.
What is the eligibility criteria for MoneyTap Personal Loan?
In order to qualify for a MoneyTap Personal Loan, you must fulfill the following requirements:
Basic Requriment
You have to be paid a minimum of ₹30,000 per month as a full-time salaried employee.
Alternatively, your monthly salary must be at least ₹30,000123 if you work for yourself as a doctor, lawyer, or business owner.
Age:
You ought to be older than 23 but younger than 551.
What will be the time requirement for disbursed the loan ?
You must fulfill the following requirements in order to be qualified for a MoneyTap Personal Loan:
Work Status:
A minimum take-home pay of ₹30,000 per month is required for full-time salaried employees.
As an alternative, you should make at least ₹30,000123 a month if you work for yourself as a doctor, lawyer, or business owner.
AGE
Age limit is between 23 to 55 age.
