MoneyTap Personal Loan

B
Buddy Loan
7 min read

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

Personal Loan

Quick Approval in 24 Hours

Starting at 11.99% p.a.
No hidden fees
Up to  50 Lakhs
Instant approval
Apply Now →

💰 No processing fee for first 100 customers | ⚡ Digital KYC in 5 minutes

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 Rate1.08% per month
Loan Amount3000/- to 5,00,000/-
Tenure2 to 36 months
Minimum Monthly IncomeRs. 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 Rate1.08% 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 Fees4.2% + service tax
Tenure3 months
Loan amount3000-5,00,000
Foreclosure FeeNIL
Late payment fee15% 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.

Age23 years of age
Credit Score600 and above
Income levelMInimum 30,000
EmploymentSalaried 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:

  • Proof Of Address – Passport. Aadhar, etc.
  • Proof Of Identity – PAN card, Aadhar card
  • Other details – Applicant’s company name ,email address & details on applicant’s internet banking account.

*Applicable only to Indian residents.

Apply for a Personal loan now!

Personal Loan

Quick Approval in 24 Hours

Starting at 11.99% p.a.
No hidden fees
Up to  50 Lakhs
Instant approval
Apply Now →

💰 No processing fee for first 100 customers | ⚡ Digital KYC in 5 minutes

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.

EMI Calculator

10K1.5Cr
%
6%40%
1 Year40 Years
Loan Amount
Interest Payable
Monthly EMI
₹0
Principal Loan Amount
₹10,00,000
Total Interest Payable
₹0
Tenure
20 Years
Interest Rate
10.5% p.a.
Total Amount Payable
₹0

 

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

NBFCsINTEREST RATE (p.a.)
MoneyTap1.08% per month
Paysense16.8% – 27.6%
HDB Financial servicesUpo 36%
CASHe27%
Home Credit24%
Money View15.96%

Apply for a Personal loan now!

Personal Loan

Quick Approval in 24 Hours

Starting at 11.99% p.a.
No hidden fees
Up to  50 Lakhs
Instant approval
Apply Now →

💰 No processing fee for first 100 customers | ⚡ Digital KYC in 5 minutes

Features & Benefits of MoneyTap Personal Loan

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

[features]

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!

Personal Loan

Quick Approval in 24 Hours

Starting at 11.99% p.a.
No hidden fees
Up to  50 Lakhs
Instant approval
Apply Now →

💰 No processing fee for first 100 customers | ⚡ Digital KYC in 5 minutes

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.