Money Tap App: Money Tap App is India based personal credit line. It offers loan instantly in just 4 minutes. Partnered with multiple banks and NBFCs, they offer loans with the tap of a button.
This app allows its customers to borrow money from as little as INR. 3000 or as much as INR. 5 lakhs. The loan amount offered depends up on the customer credit limit set by Money Tap banking partners.
The more interesting thing about this app is, the customer pays interest only on the total amount they use.
Features of Money Tap App:
Use as Cash or Card:
Transfer the money from Money Tap app account to your bank account. Withdraw the funds by using your regular ATM card. Else use NEFT/IMPS to transfer the money to someone depending on your needs.
No Usage, No Interest:
In the first place, pay interest only on the funds you use. Interest is charged only on transfer or EMI conversion.
Take as little as INR (Indian rupee) 3000:
Get the loans approved from banks as little as INR 3000 or as much as your approved limit.
Real-time limit approval:
It all takes just 15 mins to check the customer eligibility before banks pre-approve loans up to INR 5 lakhs. On an average, the customer takes 8-minutes to qualify. Further, depends on how fast you can type.
Swipe. Tap. Convert:
In addition, the partner bank who approved your application will issue you a Money Tap credit card. It can be used like any normal credit card to shop at any outlets or websites. Convert your card spends into EMIs and choose the tenure from 3 to 36 months.
How to apply for credit on Money Tap App?
Step 1: Download and install the app from the Play Store. It’s a free app. Tell them a little bit about yourself by entering details into the app.
Within a few minutes, the app will notify you if you qualify for MoneyTap and your eligible credit limit.
Step 2: Once you are qualified, one of the MoneyTap agents will collect your documents at your doorstep. This is a part of the KYC process and on behalf of partner bank.
Step 3: Within few days receive your MoneyTap Credit Card and start withdrawing funds. Choose your preferred EMI option. In addition, interest will be charged only on the money you use.
What are the things you need to apply for credit on Money Tap App?
PAN card number (mandatory).
A functional work email ID / Company email address.
Net banking credentials / Bank account statements for your salary account.
Aadhaar Card (preferred and optional)
How to pay back loans through Money Tap App?
The payment method is similar to any other credit card bill payment.
1: Login to the app.
2: See the amount you need to pay.
3: Make the payment.
Is it safe and secure to apply on Money Tap App?
How to contact Money Tap customer care?
Send an email to email@example.com for any queries.