MoneyTap - Credit Line & Loan 4+

Personal Loans & Credit Card

MWYN Tech Pvt Ltd

Designed for iPhone

    • Free

iPhone Screenshots


Best Personal Loan App in India - Get money up to ₹5,00,000 & pay interest on the exact amount you withdraw from your MoneyTap balance

Get a personal loan online with zero collateral. Interest rates starting from as low as 13% per annum* for 3 to 36 months. We offer you the benefits of an easy personal loan and credit card combined.

For salaried employees only! Minimum salary = ₹30,000 per month.

If you need money, view MoneyTap as your first choice for loans.

For ₹1,00,000 borrowed for 1 year, with interest rate @13% per annum*, a user would pay:
-> Processing fee (@ 2%) = ₹2,000 + GST = ₹2,360
-> (Line setup fee of ₹499+GST = ₹588/- to be paid before starting the credit line)
-> Interest = ₹7,181
-> EMI = ₹8,932
Total amount to be repaid after a year = ₹1,10,129/-
*Interest Rate varies based on your risk profile
The maximum Annual Interest Rate can go up to 36% (However, only a fraction of our customers get an interest rate higher than 30% per annum)

We are India’s first credit line based personal loan app in partnership with leading banks and NBFCs. We work ONLY with regulated financial institutions in India, governed by RBI & we have our own NBFC license as well. So we're well regulated and legally compliant.

How is MoneyTap different from any other traditional personal loan app in India?

The best feature of MoneyTap Loan app is that you pay the interest only for the amount that you borrow.

Example: Ajay applies for a MoneyTap Loan (credit line) in January, gets an approved credit line of ₹5,00,000 but doesn’t borrow any money 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.

What features make MoneyTap convenient?
● 100% paperless process, no bank visits
● You can use any amount from your available credit line
● Make UPI transactions directly from your Credit Line

Documents required
● Aadhaar number
● Identity proof (Driving license/Voter id/Passport/Aadhaar/PAN)
● Address proof (Driving license/Voter id/Passport/Aadhaar/Utility bills/bank statements)
● Original passport photo/selfie
● You can get a personal loan online on Aadhaar card. E-sign your application with registered mobile OTP for fast-track application

How does MoneyTap work?

Get a personal loan in 4 simple steps:
● Apply on the app and get approved in 4 minutes, create your profile, fill basic information such as age, city, PAN, & income to check eligibility
● Instantly find out your pre-approved amount
● Complete KYC verification
● Transfer money to the bank account from the approved amount

Available in 50+ cities.

MoneyTap Personal Loan Application Uses
● Phone pe loan - use it as an urgent personal loan.
● Personal loans can be used for education, medical, marriage / wedding loan, home renovation loans, mobile / laptop loan, used car/ two-wheeler loan, travel loans, debt consolidation loan, etc.
● The experience of an early salary for emergency cash.

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

Security & Protection of Privacy
Data security & privacy is a top priority at MoneyTap. Our backend APIs comply with mandated security standards & robust protocols which have been tested and certified by our partner bank’s IT team.

Download the MoneyTap loan app now.

What’s New

Version 2.28.0

Don't you think you should get new apparel? Are you sure, look around your wadrobe once? Anyways MoneyTap wanted it, naah! it's not going to a wedding, just because it wants to flaunt its new design.
Oops! If you don't see it, don't worry "Your order is on the way", and it will be delivered in the upcoming release.
In case you are missing "bug fixes and improvement", it's always there, our team takes pride in improving the app experience just for you.

Ratings and Reviews

4.4 out of 5
18K Ratings

18K Ratings

shaurya1989 ,

I have been using Mtap for years. Here are pros and cons

I have been using MoneyTap since very long now, my experience however has been good here and I faced no problems with transactions or rejection or even cibil score, nevertheless there are challenges which Rbl and MoneyTap should consider. There are few pointers for the rest to know what they are getting into.

-App looks good with simple User Interface
-Easy way to request money to your bank (not just credit) instant cash.
-monthly statements on your email
-check your statement on app in billing section
-provides loans as well
-check your ongoing emi easily
-repayment is not a task

- App is great but now and then it wants to re-register with fb or google account
-App takes time to get the data, takes about 5 days or more to reflect payments (TAT can be reduced)
-interest rates are whooping high
-definitely need a relationship manager
-Rbl bank branch won’t help you out they will ask you to work it out on App (No accountability by RBL Noida branch rejected address update)
-No option for Address Update (you won’t know where your customer are, this will cause lot of problem when the card needs to re issue)

Needs work but definitely not fraudulent for me.

snlj8285 ,

Don’t use this app- you will loose your cibil

Guys very frankly speaking download this app only if you want to loose your cibil. I used this app and taken loan of 100k but after few months I started to loose my cibil and I came to know that when I applied for home loan and they told that you have many payment failed with MoneyTap we can’t offer you home loan even I was continuously paying my EMI’s to MoneyTap on time every months.
When I came to know this immediately I tried to contact customer care for foreclosure of it but never got response by email from them and when I called on office landline they also couldn’t provide me the solutions as well, luckily I got contact details of top managements and explained my problem to them after that finally I got foreclose letter by email and paid everything what they asked and did close this loan.
Trust me guys having less credit is better than this app. I also see others comments with kind of same problem, again use this app only if you want to loose your cibil.

nik_sharma 08 ,

Good app for instant access to money

Been using this app for 3-4 months now and the app is good , the application was approved in 24 hours and that is it ,you have the credit line on your app which can be transfer to your account or you can use the credit card provided by the rbl bank for swiping at the stores.
It does not effect your credit scores until you make the repayments on time and to be very honest my cbil has gone up due to this,
So as long as you make the repayments on time than don’t worry about your cbil
In fact an unprotected loan like this can help you build the cbil....!overall a good app

Developer Response ,

Hi, Thank you so much your feedback. We will keep working to provide a good user experience.
You can follow us on Facebook and Twitter to get the latest information.

App Privacy

The developer, MWYN Tech Pvt Ltd, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Used to Track You

The following data may be used to track you across apps and websites owned by other companies:

  • Identifiers

Data Linked to You

The following data may be collected and linked to your identity:

  • Financial Info
  • Location
  • Contact Info
  • User Content
  • Identifiers

Data Not Linked to You

The following data may be collected but it is not linked to your identity:

  • Financial Info
  • Usage Data
  • Diagnostics

Privacy practices may vary based on, for example, the features you use or your age. Learn More

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