MoneyTap Personal Loan


MoneyTap, is designed for individuals who are in need of easy, flexible access to monetary assistance. Moneytap loan provides you personal loan starting at Rs. 3000 and avail upto Rs. 5 lakhs.

With an interest rate of 21.6%p.a., MoneyTap is here to fulfill your financial needs, whether big or small. What's more, MoneyTap personal loan offers flexible loan tenure options ranging from 2 to 36 months. Experience the convenience of paying interest only on the amount you use with MoneyTap

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MoneyTap Personal Loan Details

Now with MoneyTap loan you can avail a personal loan in just a few clicks. Check out the table below to know the further details on MoneyTap Personal loan:

Personal Loan Interest Rate 1.08% per month
Loan Amount ₹3000/- to ₹5,00,000/-
Tenure 2 to 36 months
Minimum Monthly Income Rs. 30,000/-

MoneyTap Personal Loan Interest Rates

MoneyTap loans interest rates are designed to provide you with competitive interest rates on your personal credit line, tailored to factors like your creditworthiness, loan amount, and repayment tenure. Experience the ease and seamlessness of obtaining an instant personal loan with MoneyTap. Refer to the table below to check the moneytap interest rates.

Money Tap Personal loan Interest Rate 1.08% per month

MoneyTap Personal Loan Fees & Charges

MoneyTap loans provide personal loans with a transparent and affordable borrowing solution with clear and competitive fees, ensuring you can access the funds you need without any hidden surprises.

The table below intends to give you a clear picture on the details of MoneyTap loan for personal loan & it fees and charges:

Processing Fees 4.2% + service tax
Tenure 3 months
Loan amount ₹3000-₹5,00,000
Foreclosure Fee NIL
Late payment fee 15% on the amount due

MoneyTap Personal Loan Eligibility Criteria

With MoneyTap discover their inclusive eligibility that makes it easy for you to qualify and make it easy to avail a MoneyTap loan, ensuring financial accessibility and convenience for a wide range of borrowers. Refer to the table below to know more about MoneyTap personal loan eligibility criteria.

Age 23 years of age
Credit Score 600 and above
Income level MInimum 30,000
Employment Salaried or Self-employed

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Documents Required for MoneyTap Personal Loan

When applying for a MoneyTap loan, there are certain documents that you will need to provide. These documents serve as essential requirements to facilitate the loan application process.The table below provides details on the documents required to apply for a personal loan with MoneyTap are as follows:

*Applicable only to Indian residents.

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Calculate EMI For MoneyTap Personal Loan

Experience the convenience of the 24/7 accessible personal loan EMI calculator to calculate EMI for your MoneyTap Personal loan. An EMI calculator helps you swiftly compute your loan pay-outs. Not only that it also helps to put the plan of your loan and your MoneyTap loan repayment better.

You can have a clear idea of your payable EMI by simply inputting the loan amount, interest rate, and tenure. Now with a personal loan EMI calculator gets an instant display of your EMI amount, that empowers you to effectively plan your loan and repayment strategy with a MoneyTap loan.

₹
%
Monthly EMI ₹86
Principal Amount ₹1,000
Total Interest ₹32
Total Amount ₹1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

Compare MoneyTap Personal Loans Over Other NBFCs

Compare and choose the best interest rate for your requirements and affordability. Hence, refer the table below to have in depth idea on interest rates provided by various banks and NBFCs

NBFCs INTEREST RATE (p.a.)
MoneyTap 1.08% per month
Navi 9.9% - 45%
Paysense 16.8% - 27.6%
HDB Financial services Upo 36%
CASHe 27%

Read More

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Features & Benefits of MoneyTap Personal Loan

Let’s go through the features and benefits of taking a loan from MoneyTap from below:

Instant Approval

Get your loan transferred
upto 5 Lakhs

Lifetime Credit

Get approval for credit
line upto 5 Lakhs

Quick Online Support

Get the most prompt and
quick online support

Tenure

Repay your loan from 3 to
36 months with moneytap

Zero Collateral

Get loans with
0 collateral

Quick Disbursal

Get your loan transferred
in seconds with money tap

Types of MoneyTap Personal Loans

Moneytap Personal loans offers various types of loan options to suit your wide range needs and requirements for various purposes. Here are the types of personal loan provided by Moneytap where their flexibility can be used to a great extent.

Personal Loan for Marriage: Don’t worry about the pressure of wedding expenses and be prepared for it financially with a personal loan for marriage loan by MoneyTap. It aims at providing financial support for urgent wedding expenses.

Personal Loan for Travel: With MoneyTap, avail a travel loan for upto 5 Lakhs that too within instant approval. It provides personal loans for travel specifically intended for individuals seeking to finance their vacations.

Personal Loan for Medical Emergencies: When your insurance isn’t able to cover for your medical expenses, that’s the time you should opt for a medical personal loan from MoneyTap. It provides funds for unplanned medical expenses.

Personal Loans for Education: It offers credit facility to assist individuals in managing the expenses associated with their own education or funding the education of their children.

Personal Loans for Buying Used Cars/Vehicles: Now, you have the flexibility to use the funds from MoneyTap’s personal loan for buying a used car or vehicle.

Personal Loans for Buying Two Wheelers: With MoneyTap, you can avail loans upto 5 Lakhs for buying two-wheelers.

Personal Loans for Buying Laptops: Availing a personal loan for buying a laptop provided by MoneyTap will help get your hands on the latest laptop.

Personal Loans for Buying Mobiles: Upgrade to the latest mobile technology effortlessly with MoneyTap's personal loans tailored for purchasing mobile phones.

Personal Loans for Home Renovation: Now Discover the flexibility and convenience of financing your home renovation project with MoneyTap to bring your vision of creating a perfect living space to life.

Personal Loan for Consumer Durables: MoneyTap offers Consumer Durable Loans to individuals who want to purchase a wide range of consumer products, and essential home appliances.

Personal Loan for Debt Consolidation: MoneyTap provides loans to applicants who wish to merge their multiple loan or credit card obligations into a single personal loan.

Personal Loan for Buying Used 2-wheelers: MoneyTap offers personal loans for individuals looking to purchase used/pre-owned 2-wheelers for up to Rs 5 lakh as line of credit.

How Do You Apply for MoneyTap Personal Loans with Buddy Loan?

Steps To Apply For a Personal Loan with Buddy Loan

  • Step 1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
  • Step 2: Open the Personal Loan Application Page. Provide the mobile number and enter the received OTP.
  • Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
  • Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
  • Step 5: Enter your work details (Including company name, years of service and Designation)
  • Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
  • Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.

Ready to take the next step? Apply for a Personal loan now!

MoneyTap Loan Repayment

MoneyTap simplifies the borrowing process with effortless ease and convenience. Now it's time to simplify your loan repayment process as well. Depending on the partner bank that granted you credit, it offers flexible repayment options and tenure, accommodating your needs, including early salary loan repayments and online early salary payment.

Frequently Asked Question on MoneyTap Loan

The interest rate of money tap's credit line varies and is based on individual eligibility and creditworthiness.

The minimum salary to avail personal loan in money tap is ₹30,000.

You can pay your EMI on money tap using EMI using a debit card, credit card, Freecharge wallet, Net banking and UPI

With the tap of a button, this app lets you borrow as little as Rs. 3000 or as much as Rs. 5 lakhs depending on your credit limit that is set by our banking partners.

You can apply for a loan through money tap by downloading their mobile app and following the application process outlined therein.

Eligibility criteria for a loan from money tap include factors such as age, employment status, income, credit history, and location, among others.

Required documents for a money tap loan application typically include identity proof, address proof, income proof, and bank statements.

The approval time for a money tap loan application can vary but is often quick, with some approvals provided within minutes.

You can avail loan upto 5 Lakh with money tap.

Money tap can be used for various purposes, including home renovation, medical expenses, travel, debt consolidation, and more.

Money tap charges you 1.08% interest rate per month

Money tap's online EMI calculator helps you calculate EMI based on the loan amount, interest rate, and repayment tenure, resulting in fixed monthly installments.

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