MoneyTap is the first app-based personal credit line provider of its sort. It was established with the goal of assisting the middle class in obtaining credit. MoneyTap is a provider or lender of personal loans as well as a credit card that combines the advantages of both. Customers profit from a higher credit limit and a longer repayment period for the credit they have taken up.
MoneyTap loan offers its customers a continuous line of credit through its mobile app, allowing them to obtain credit from anywhere in India and at any time. MoneyTap is currently available in over 40 cities across India. Money Tap short term personal loan was created to fill the gap between the inconveniences of obtaining a personal loan and the higher interest rates that consumers pay on credit card borrowing. This article will teach you all you need to know about the MoneyTap credit line.
How to apply for Money Tap Short Personal Loan
To apply for the Money Tap Loan using its official application, you need to follow the steps below. MoneyTap makes getting a loan not only easy, but also speedy. Follow these steps to apply for the Money tap quickly and easily.
Step 1: Install the app:
The first step is to download and install the MoneyTap app from the Google PlayStore. After the application installation, you’ll be asked to fill out some information about yourself. The app will use these facts to determine your eligibility and notify you whether or not you are eligible for a MoneyTap loan. If you qualify, the app will also tell you how much credit you can get. In general, the minimum amount of credit a candidate can avail is of Rs 3000. The maximum credit amount varies according to the applicant, however, it may go up to 5 lakhs.
Step 2 – Complete your KYC:
If your loan request has been granted, the next step is to complete the loan-related KYC requirements. For KYC updation, a MoneyTap agent will come to your home on behalf of the partner bank and collect the required paperwork for Money tap loan processing.
Step 3 – Get the loan amount disbursal:
You will receive your MoneyTap Credit Card with the sanctioned loan amount once your KYC processes have been completed and your loan request has been accepted. This card can be used to withdraw money from your MoneyTap account as well as operate as a credit card. There are no limitations on how you can utilize the funds you get. The interest will be charged only on the used amount, and not on the complete credit. The loan repayment can also be done according to the comfort of the applicant in flexible EMIs.
How do I check the status of my Money Tap loan application?
You may monitor the status of your Money Tap personal loan application required documents in a variety of ways. You can either take the help of the Money tap loan app or the customer service team.
MoneyTap Mobile App – Android users can get the Money Tap app from the Google Play Store, while iPhone users can get it from the Apple Store. You can quickly check the status of your personal loan application after installing the app and executing Money tap login.
MoneyTap’s customer service team – To inquire about the status of your Money tap loan application, you can send an email to firstname.lastname@example.org or contact the MoneyTap customer service number.
The Bottom Line
Now, you will be aware about the loan application procedure of the Money tap loan app if you read the text above. Money tap short term personal loan have interest rates as low as 1.08 percent per month, making the bargain even more reasonable. Money tap login is likewise a simple and quick method. Access to the RBL money tap credit card is also one of the most appealing additional features. As a result, Money Tap may provide you with simple short-term personal loans.