MoneyTap is India’s first credit line app that offers instant personal loan and credit card, in partnership with leading banks & NBFCs. Enjoy a credit line up to ₹5 Lakh, without visiting any banks. It’s quick, easy, and hassle-free. Get an instant personal loan online with zero collateral and interest rates starting from as low as 13-24.3% pa for 2 to 36 months duration.
We have a growing community of happy MoneyTap users, and we’ve also been featured in many leading publications:
CNBC - http://bit.ly/2cUDesJ
Times of India - http://bit.ly/2d5qoG3
The Economic Times - http://bit.ly/2cMRMsQ
The Hindu Business Line- http://bit.ly/2cXEIyk
MoneyTap Credit Line Highlights:
● Get personal loans from ₹25,000 to ₹5 Lakh
● Withdraw as low as ₹3000 or up to your limit
● No interest charged until the money is used
● No collateral, no guarantors
● Instant cash available for a lifetime
● Interest rates starting 13% per annum (1.08% per month), no hidden charges
● Get a MoneyTap credit card* (loaded with rewards and other benefits)
● Pay your EMIs & credit bills from the app
● Set your credit card PIN on the app
● Convert credit card spends into EMIs with one click
● Choose from flexible EMIs of 2-36 months
● Transfer money to your account 24x7, instantly with one tap
● Keep track of your transactions, EMIs and available credit on your phone
For ₹1,00,000/- borrowed, with interest rate @ 13% per annum, a user would pay:
-> Processing fee = ₹499 + GST = ₹588/- (Line setup fee to be paid before starting the credit line)
->Interest = ₹13000
= Total amount to be repaid after a year= ₹1,13,588/-
* Interest Rate varies based on the customer’s credit profile.
Security & Protection of Privacy:
Protection of your privacy and your data security is our primary objective. Our backend APIs comply with mandated security standards and robust protocols. Our security measures have been tested and certified by our partner banks.
With our new features, you can:
- Launch important actions directly from shortcuts on your phone's home screen
- Check your EMI, billing, and repayment details easily with a revamped 'My Transactions' view
- Chat and complete your application in a language of your choice: Hindi, Telugu, Gujarati, Marathi, Tamil, Kannada
Apart from this, the release includes:
- Various feature enhancements
- Minor bug fixes
Ratings and Reviews
Very poor response
people first I need to tell you one thing guys don’t download this app ever it’s just fake and making this app download once you got rejected or put on hold it means your cibil score will be down and none of the bank will provide the loans and offers so. Pls pls small request
This is Pramod here I Registered the MoneyTap because of a add which is on Instagram when I download and start registration all were smooth after the salary colum thing we filled up it’s showing that Application is put on hold what is this does mean !! people are fool ?? Downloading this app and making unseen creations and all what is the problem if an app it’s in the market what is that app ? Whether the app will helpfull or not ? Does any problem to public people ?all this matters not simply getting downloaded and making fun out of people so pls give my details and everything pls stop this nonsense
Developer Response ,
we need your registered details to assist you further on your query. Please contact us at email@example.com with your registered details, so that we can check the status of your application and get back to you with an update. Thank you!
Not worth a single star, sadly no option
If you are genuinely looking for a loan, take it directly from bank rather than opting this useless app. Waste of time, not even worth for a single star. It’s been more then 15days and the never ending processing is still in process, no updates, no proper customer support. It’s gives fake ads that the loan amount will be deposited in account within 24hours.. really.. try writing a mail to the useless email ID provided, the same response for every mail. There so called managers are working on it and will try to reach us soon. The so called managers here are the busiest persons I have ever noticed. I suggest not to use this worthless app, the worst experience you will ever come across.
All the details provided for the loan approval needs to be deleted from your data ASAP. I need a written confirmation that my data has been erased. If not, A case will be filed for sure.
Developer Response ,
Sorry to hear this. We provide pre-approval within minutes on the app. After which you have to provide your KYC documents in order to get a final approval. This process takes about 2-3 working days if all the details provided by you are accurate. Let us check what went wrong in this case. Kindly share your registered email id so that we can check on our end and get back to you with an update. Thanks
Account/Credit Card Cancelled without consent
I received a welcome call from a lady who asked me to do a first transaction. This happened last month. I even payed my first outstanding amount (annual fee). Today after a month I saw the approved limit as ₹0.00. When I enquired, I am being told I had requested the card to be cancelled during the welcome call. I had never requested the card to be cancelled. This is so disgusting. I am feeling cheated due to this unauthorised act by RBL. This act is not expected from a reputed banking institution.
I have lodged a complain via email and I hope I recieve a resolution. If the resolution is not provided ASAP, I would be compelled to approach the relevant authorities as I had applied for this account for some important personal expenses and now I am facing trouble due this negligent act from the Bank’s side.
Really disappointing experience...
Developer Response ,
Hi, we are very sorry to hear that you had a bad experience. Please help us with your registered email id, we are happy to assist you.
Up to six family members will be able to use this app with Family Sharing enabled.