Our Interest rates starting from as low as 13% per annum* for 3 to 36 months. Interest payable on the exact loan amount used from your approved credit line.
→ Salaried employees only. Minimum salary = ₹30,000 per month
What features make MoneyTap the best instant personal loan app in India?
● Borrow any amount or sum of money (starting at ₹3,000) from your approved Credit Line (of up to ₹5 Lakh)
● Pay interest only on the amount you use
● Instant personal loan without any risk
● Make UPI transactions from your credit line
● Fully digital, paperless experience
● Select your own flexible EMIs & pay later
Fees and Interest Rate
For 1,00,000 Rs Personal Loan
* interest Rate @13% Per annum
– Processing fee (at 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 pay later after a year = ₹1,10,129/-
Documents required
● Aadhaar number
● Identity proof (Driving licence/Voter ID/Passport/Aadhaar/PAN)
● Address proof (Driving licence/Voter ID/Passport/Aadhaar/Utility bills/bank statements)
● Passport-sized photo/Selfie
● You can get a personal loan online on your Aadhaar card.
This App is India’s first credit line based instant personal loan app. We have partnered with regulated financial institutions in India, governed by RBI, & leading Indian banks and NBFCs. We own a NBFC licence as well. So, we’re well regulated and legally compliant.
How To Apply on MoneyTap ?
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