MoneyTap Personal Loan

With affordable interest rates and adjustable repayment terms, MoneyTap offers personal loans. There is little to no paperwork required in order to obtain a loan. MoneyTap with interest rates starting at 12.96%. A maximum loan of upto 5 lacs with a maximum 2 months to 3 years repayment period is available to you.

The personal loans offered by MoneyTaphave low interest rates and flexible payback schedules. A loan can be obtained with little to no paperwork. Interest rates on personal loans from MoneyTap start at 10.49%, making them a great option for any of your urgent financial requirements. You may be eligible for a loan with a maximum amount of Rs 20,000 to Rs 1 crore and a maximum payback term of 6 months to 5 years.

Interest Rate 12.96%
Maximum Loan upto 5 lacs
Processing Fees 2%
Maximum Loan Tenure 2 months to 3 years

Loan Disbursal in 3 hrs*
100% Online Process

A Four-Step Guide to Efficient Financing

Complete Your Basic Details
Check Your Soft Eligibilty
Complete Your Details
Get Disbursal in account

MoneyTap Personal Loan EMI Calculator



% Interest



Total Payable

Documents Required for Moneytap Personal Loan 

MoneyTap Instant Loan makes the loan application procedure short and simple, but there are a few important documents you'll need to have on hand. The following is a list of MoneyTap Loan Documents : 

  • A legitimate photo ID from the government, such as a voter ID or a PAN card

  • Income documentation, such as pay stubs, bank statements, or an ITR

  • The most recent six months' worth of bank statements

  • Evidence of residence, such as electricity bills, a passport, or a driver's licence

  • I.D. Card

  • Several passport-sized photos

Personal loans are available through MoneyTap Loan with interest rates starting at 1.08% per month (12.96% annually). for loans up to Rs 5 lakh with a maximum 3-year repayment period. Money Tap  Loan applicants have access to a credit line of up to Rs 5 lakh, which they can use to cover costs for things like home renovations, education, vacation, weddings and unexpected medical expenses. The company asserts that their mobile app provides quick personal loans with less paperwork and loan approval in under four minutes.

Feature and Benefits of Moneytap Personal Loan 

Following is a list of some of the main attributes and advantages of instan personal loan  MoneyTap: 

Fast approvals - A MoneyTap Loan's approval procedure is incredibly quick. Additionally, the approval procedure is one-time, so the next time you apply for a MoneyTap loan, the procedure will go even more quickly than the first time.

Interest only charged on monies withdrawn — With MoneyTap, interest is only charged on the funds withdrawn, not the total amount of cash authorized for you. The appropriate interest rate will depend on a variety of elements, including the bank with whom the business has a partnership.

Flexible loan payback — To help customers repay their loans without stress, MoneyTap gives borrowers a flexible loan repayment term. Depending on how much of a loan is taken out, one can select a repayment period of 2 months to 3 years. Your choice of loan tenure will affect the EMIs.

High loan amounts - You may apply for a loan of up to Rs. 5 lakh, but you may also apply for one of Rs. 3000. These loans can be used for a variety of things, depending on your needs, and the lender does not place any limitations on how you can use the money you borrow.

Process of applying Moneytap Personal Loan 

Application for personal loan MoneyTap can be submitted quickly and easily. The steps to apply for a loan using the MoneyTap app are listed below:

Step 1: Download the app

 The first thing you should do is download the MoneyTap app from the Google PlayStore for free. Once the app is installed, you will need to fill out some personal information. These details will be used by the app to determine your eligibility and inform you of your eligibility for a loan from MoneyTap. The app will also inform you of the credit limit you may use if you are eligible.

Step 2: Finish your KYC

 If you've been approved for a loan, the next step in the procedure is to finish the loan-specific KYC requirements. To accomplish this, a MoneyTap representative will come to your home on behalf of the partner bank to collect the required paperwork for processing.

Step 3 : Receiving the funds 

 As soon as your KYC procedures are through and your loan is accepted, you will receive your MoneyTap Card along with the allowed amount of money. This card serves as both a credit card and a means of taking money out of your MoneyTap account. There are no limitations on how you can utilize the money you get. You will only be charged interest on the money you actually utilize from the loan, not on the whole amount.Flexible EMIs may be used for repayment.

FinCrif Frequently Asked Questions ( FAQ )

  1. How can I make my loan payment?

ANS. You can pay back your moneytime loans in full with a cheque, online using the MoneyTap app, an automatic bank debit using eNACH, or by paying them back in full at any time.

  1. Without a bank account, am I still eligible for a MoneyTap Personal Loan?

ANS. Without a bank account, you are unable to apply for a personal loan with MoneyTap.

  1. How can I see the progress of my MoneyTap personal loan application? 

ANS. Through the MoneyTap mobile app login screen, contacting the MoneyTap Support Team through email at, or phoning the MoneyTap customer service hotline, you can find out the progress of your personal loan application.

Eligibility Criteria for MoneyTap Personal Loan 

In order to qualify for a loan, the applicant must have the MoneyTap Loan eligibility : 

  • The loan is open to salaried people, government employees, business owners, and professionals who work for themselves, such as lawyers, doctors, architects, shop owners, and chartered accountants.

  • A net monthly income of at least Rs. 20,000 must be earned by the applicant.

  • The age range for applicants must be between 23 and 55.

  • Work experience (for salaried employees): at least 2 years, including at least 6 months with the current employer.

  • For self-employed people, maintain business continuity for at least three years.

Fees and Charges of Moneytap Personal Loan 

  Types of Charges 


Interest rate

13% p.a.

Loan Amount

up to ?5 Lakh

Processing fee

2% + Service Tax

Maximum tenure

3 years

Annual line-up setup fee

Rs.499 + GST

Late payment fee

15% of the due amount

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