MoneyTap Review| North Loop Official Blog
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North Loop
15 Sep 2020

MoneyTap Review

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Credit: North Loop

About MoneyTap –

MoneyTap is India’s first app-based credit line. It offers small to medium cash loans, quick credit, affordable interest rates and flexible EMIs to a large number of customers in the country. As an instant loan service provider, it is popular for providing a personal line of credit that can get used during financial emergencies. Money Tap also allows borrowers to apply for a loan without providing any collateral.

Types of MoneyTap Personal Loan –

Marriage Loan – You can apply for this on the MoneyTap online loan app. It is the best loan app to avail personal loans for major wedding expenses such as hotel bookings and jewellery shopping.

Education Loan – Money Tap is a popular personal loan app primarily because of its ability to provide funds almost instantly. You can apply for this loan to meet all your educational expenses.

Travel Loan – You can apply for MoneyTaps Travel Loan on its instant loan App. This loan allows you to take care of all your travel expenses and use the funds from anywhere.

Home Renovation Loan – MoneyTaps personal loan app can also be used to apply for home renovation loans. You can cover all your home renovation expenses using their instant loan facilities.

Used Car and Vehicle Loan – The MoneyTap online loan app provides you with flexible repayment tenure and pocket-friendly EMIs on this type of loan.

Mobile & Laptop Loan – You can apply for mobile loans using MoneyTaps online loan app. It offers an easy application process and flexible repayment options. MoneyTap is one of the best loan apps for availing mobile loans with flexible and easy EMI repayment options.

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Eligibility Criteria for using MoneyTap’s Personal Loan App –

You must be a salaried or self-employed individual.

Your minimum monthly income should be Rs.20000.

You should be above 23 years and below 55 years.

If you are a salaried individual, you should be in the same job for at least six months and have an overall work experience of 2 years.

If you are self-employed, you should be in the business for a minimum of 3 years.

You should be residing in any one of the cities mentioned in the App.

Documents required for loan application –

  • Aadhar card
  • Address proof
  • Original photograph
  • Identity proof
  • Net banking details
  • Company name and email address

MoneyTap Personal Loan Interest Rates –

MoneyTap’s interest rate ranges from 13% to 24.03% for a loan tenure of 2 months to 36 months. There is also a 2% additional charge along with applicable GST.

You can avail one of the lowest interest rate personal loans by signing up with an online service provider like North Loop. The application process is 100% digital, and you can get instant personal loans with minimal documentation.

How to Use MoneyTap’s Instant Loan App?

Download the MoneyTap Loan App and fill in the basic details such as your age, PAN number, income and city to determine your eligibility for the MoneyTap credit line.

After you receive your pre-approved line of credit amount, submit your KYC documents to MoneyTap’s registered banking partners for final approval.

Start borrowing up to your approved limit after receiving the final approval.

Repay your borrowed amount in flexible EMIs of 2-36 months from the App.

Use your MoneyTap account to keep track of all your transaction details, EMIs and available credit.

MoneyTap Customer Care Number –

MoneyTap customer care number does not exist, and they have specifically mentioned this on their website. You can direct all your queries and grievances to the online MoneyTap customer care services available on their App or by emailing on their official email ID.

Conclusion –

The best way you can opt for a low rate personal loan is by carrying on an exhaustive interest comparison taking into consideration several factors related to personal loans and the various benefits offered by all the different lenders. While MoneyTap does provide certain benefits, the best instant loan app and service provider in the country is North Loop. It offers a wide range of low-interest rate credit and loans with easy, affordable and transparent EMIs. The loan application process on its App is also 100% online and very convenient, giving it sufficient reason to be the best instant loan app in India. You can sign up with North Loop by clicking here. It takes only 5 minutes!

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This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended be advice. You must obtain professional advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax, investment or other professional advice from North Loop or its affiliates. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. All opinions expressed do not reflect the views of North Loop nor are endorsed by North Loop.