This is one of the best instant loan apps without salary slips, and it has recently merged with LazyPay to become one of the best platforms in this field. You can get instant personal loans ranging from INR 5,000 to INR 5,00,000 for any work, and you do not have to wait for a lot of approvals. The best part is that you do not have to worry about time, as this platform is known for quick approvals.
What makes this platform the best instant personal loan app? It is because the documents can be picked up from home, directly and you do not need to courier them or scan for digital copies. They also have a range of affordable EMI plans, which makes the repayment of the loan easy and without any hassles. If you need another loan, you can simply get it done with one click since the documentation has been recorded earlier, itself.
- Interest Rate Per Month – 1.08 to 2.33 per cent
- Maximum Loan Amount – Rs. 5,00,000
- Minimum Loan Amount – Rs. 5,000
- Documentation – Proof of identity (Aadhar card/PAN card), Proof of address (Aadhar card, utility bills, or rental agreement), Proof of income (bank account statement), and a Photograph
- Features – Flexible end-user, Low-Interest rates, No collateral needed, No credit score needed, Easy documentation, Quick approvals & disbursals {tocify} $title={Table of Contents}
The documentation process on this application is very easy and instantaneous You will need certain documents verified, which takes a lot of time It provides loans to the first-time loanees and people with zero credit history You cannot take heavy loans if you have a bad credit rating The loans can be fast-tracked and easily approved The EMI plans are affordable and depend on the credit score .Looking for a Personal loan app in India? moneytap is a personal loan app that offers loans up to Rs.5 lakhs at attractive interest rates, zero collaterals, and flexible EMIs.moneytap provides personal loans from Rs.5,000 to Rs.5,00,000 with an Annual Percentage Rate (APR) between 16% to 36% on a reducing balance basis.moneytap is present in 180+ cities in India, including Mumbai, Bengaluru, Kolkata, Chandigarh, Chennai, and Delhi NCR. moneytap has partnerships with NBFCs/Banks registered with RBI such as Credit Saison India, Fullerton, IIFL, and PayU Finance.We have disbursed over 1 lakh personal loans in the last 12 months. We are a personal loan app in India that offers easy and quick loans to salaried individuals.
Why Choose moneytap for Personal Loans ?
● Affordable interest rates● Convenient and affordable EMIs● Two-minute loan application● Paperless documentation● Loans available for those with low credit scoresRepresentative example: The standard processing fee is 2.5% of the loan amount.For instance, if Anil takes a loan of ₹1 lakh for 24 months, he will be charged an APR of 24%. Also, he will be charged a processing fee of ₹2,500. So, Anil will pay his loan back in 24 EMIs of ₹5,391 each. He will pay total interest of ₹29,384. Hence, the total cost of the loan will be ₹1,31,884Calculate your EMI with our EMI calculator on moneytap. The loan EMI calculator provides the freedom of deciding your own loan term and EMI amount. You can check EMI Plans for different loan terms. The calculator considers interest, principal loan amount, and tenure of the personal loan. Accordingly, it displays the amount of money you need to pay every month and the total interest payable.Main Personal Loan Eligibility Criteria ?
● You must be a resident of India● Your age must be between 21 and 60 years● Your net monthly take-home salary should be more than ₹18,000 for Mumbai and Delhi based users.● Your net monthly take-home salary should be more than ₹15,000 for other locations.● You must be based in any one of the 180+ cities we serve across IndiaPre-Payment and Late Payment Charges ?
The loan tenure is anything between 3 and 60 months. EMI and interests are then calculated basis the tenure chosen.Pre-payment is allowed after 6 EMI payments. The foreclosure charge is 4% +18% GST on the remaining principal amount.The Late Payment Charges are ₹500 +18% GST (₹590) upon failure to pay the EMI on the fixed date.Recognitionmoneytap has been identified amongst the Top 100 Fintech innovators in the world by a KPMG and H2 Ventures reportYou can use the moneytap app for multiple purposes. ?
● Personal Loan for Marriage / Weddings● Personal Loan for New / Used Car and Two-Wheeler● Personal Loan for Education● Personal Loan for Medical Emergencies● Personal Loan for Consumer Durables● Personal Loan for Credit Card Bills● Personal Loan for Home Renovation● Personal Loan for TravelHow to Apply for Instant Personal Loan Online?
● Install the moneytap online loan app● Register and check your personal loan eligibility● Provide KYC documentation like ID proof (Aadhar/PAN/Voter ID), address proof (Aadhar/Utility bills/Rental Agreement), income proof (bank statement) and a photograph.● Sign application and get speedy approvals● Once approved, the loan amount will be credited to your accountSecurity and Privacy Policy
moneytap personal loan app ensures safety via standard security and privacy standards to protect its database. Our app is safe and secure and we do not share customer information with third parties without consent.
