How to take loan from money tap – What is money tap

In the modern era, the needs of man have increased a lot, in such a situation, if money is needed, it becomes very difficult to get money, then How to take loan from money tap friends, we have brought such an app for you, through which you can get 3 thousand to 5 lakh rupees. You can take Instant Loans in more than 600 cities of India till now. And you can use this amount anytime, anywhere.

Let us know what is MoneyTap, how can you take a loan with the help of it.

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How to take loan from money tap

This question will definitely come in your mind, through which bank you will get the loan. MoneyTap App has partnership with many banks. According to your profile, MoneyTap App selects that bank.

What is money tap ?

MoneyTap is a mobile application with the help of which you can get loan from ₹ 3000 to ₹ 500000. This app provides Instant Loan through digital process in more than 600 cities of India with the help of Aadhar card and PAN card at very low interest rate.

The name of the owner of MoneyTap app is Bala Parthasarathy. This app has been launched by the startup company on October 2015. And this app is in partnership with RBL Bank.

This company is approved by NBFC and follows the guidelines of Reserve Bank of India (RBI) along with regulated financial institutions. So far, this app has more than 1 crore satisfied customers in India, and has got a rating of 4.2 on Google Play Store.

This question will definitely come in your mind, through which bank you will get the loan. MoneyTap App has partnership with many banks. According to your profile, MoneyTap App selects that bank.

Where you are more likely to get a loan. Once your application is accepted by the bank, you will get instant loan in your bank account.

Eligibility

1. Your age should be between 23 years to 57 years.
2. Your minimum CIBIL score should be 600 or Experian score should be 650.
3. You must be a salaried and self-employed.
4. You should have a monthly in-hand income of ₹ 13,500 or more.
5. Your income should be received in the income bank.

Documents

You will need the following required documents to apply –

Address Proof: (Valid Driving License / Valid Passport / Aadhar Card)

pan card number

Proof of Identity : (Valid Driving License / Valid Passport / Voter ID Card / Aadhar Card / PAN Card)

Professional Selfie: (Can be taken on MoneyTap App)

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How much will you get max loan

Through MoneyTap app, you can take Instant Loans in more than 600 cities of India ranging from Rs.3 thousand to Rs.5 lakh. And you can use this amount anytime, anywhere.

Some important things to note:

Loan Amount : ₹3,000 to ₹5,00,000

Repayment Period: Between 2 months to 3 years

Annual interest rate : 15% to 18%

Processing Fee : ₹ 499 plus service tax.

Types Of Money tap Loan

With the help of MoneyTap App, you can avail loan for any type of your personal needs. The main requirements of which are as follows –

Personal Loan 

MoneyTap is one such online platform that provides personal loans for young professionals. Through the MoneyTap app, you can take a personal loan such as Elerctiity Bill payments, Personal Emergencies, Travel, Marriage, Car or Bike Loan EMIs, for any type of loan etc. You can take advantage of this loan.

You can get this loan from 3 thousand to 5 lakh rupees.

Documents

You will need the following essential documents to apply for a personal loan

• Aadhar card
• pan card
• company name
• company email address
• Net Banking Login Information Your Salary Account Key.

Marriage Loan

Marriage loan is such a loan through which the applicant can take a loan for the marriage of his son or daughter, this loan can be available from 50 thousand to 5 lakh rupees.

Eligibility:

• The eligibility of Marriage Loan is as follows:
• Your age should be between 23 years to 57 years
• must have wedding card.

You must have a government-approved proof of identity or address, such as your Aadhar, Voter ID and Passport. If you have a job and you get a monthly salary, then you should also have the salary slips of your previous months.

Travel Loan 

Travel Loan is such a loan through which applicants can roam to their desired place or can also go on international tour. This loan can be available from 3000 thousand to 5 lakh rupees. It depends on your credit score that how much loan will be given to you.

Eligibility:

• The eligible for Travel Loan is as follows:
• Your age should be between 23 years to 57 years
• You must have a tourism certificate
• you must have insurance.

If you do a job, are a self-employed person, then you must have a government-approved document like proof of identity or address, such as your Aadhar, Voter ID and Passport. If you have a job and you get a monthly salary, then you should also have the salary slips of your previous months.

Medical Loan

Medical loan is such a loan, which you can use for an emergency situation like sudden hospitalization. If a friend or family member needs immediate medical attention, he or she needs to be taken to the hospital immediately.

Most of the hospitals charge an admission fee which has to be paid before starting the treatment. You can get a medical loan through MoneyTap.

Through this loan, you can get a loan ranging from 3000 thousand to 5 lakh rupees. It depends on your credit score that how much loan will be given to you.

Eligibility: The eligibility of Medical Loan is as follows

• Your age should be more than 21 years and less than 45 years
• you must have insurance
• You must have a government-approved proof of identity or address, such asyour Aadhar, Voter ID and Passport.
• If you have a job and you get a monthly salary
• then you should also have the salary slips of your previous months.

Education Loan

Ducation Loan is such a loan through which if you are a student then you can take this loan for your educational purposes. Documents of your parents will be submitted to take this loan. Your 10th and 12th graduate certificates will be submitted to your bank.

Eligibility: Eligible for Education Loan is as follows:

• Your age should be more than 18 years and less than 35 years
• You will have 10th and 12th graduate certificates submitted to your bank.
• You must have a government-approved proof of identity or address, such as your Aadhar, Voter ID and Passport.
• Your parents should have an income source.

Used Car Loan

Used Car Loan is a loan through which you can buy a used car. For this you have to pay monthly EMI. This loan can be available from 3000 thousand to 5 lakh rupees.

Eligibility : The eligibility of Used Car Loan is as follows:

• Your age should be more than 21 years and less than 60 years.
• If you do a job then you should have work experience letter of 2 years.
• Your annual income should be more than 3 lakhs.
• You should have telephone bill and postpaid bill.
• You must have an income source.
• You must be a citizen of India.

Mobile Loan

Mobile Loan is such a loan through which you can buy mobile. You can get loan from 3000 thousand to 1 lakh rupees through MoneyTap app from AMAZON, FLIPKART and other shopping online stores. You have to pay it in monthly installments.

Eligibility: The eligibility of Two-Wheeler Loan is as follows:

• Your age should be more than 18 years and less than 50 years.
• You must have an income source.
• You must be a citizen of India.
• You must have a government-approved proof of identity or address, such as your Aadhar, Voter ID and Passport.

How to get a Money Tap Personal Loan

This question will definitely come in your mind, through which bank you will get the loan. MoneyTap App has partnership with many banks. According to your profile, MoneyTap App selects that bank.

Where you are more likely to get a loan. Once your application is accepted by the bank, you will get instant loan in your bank account.

Taking a loan with Money Tap app is very easy as it gives you fast, flexible and online loan through paperless mode. To take the loan, the steps given below have to be followed.

Step 1. Download MoneyTap App from Google Play Store

Step 2. Next, register and login with your mobile number.

Step 3. Here fill some of your basic details like your age, city, PAN number, income

Step 4. As soon as your application is accepted, MoneyTap App to verify your KYC or an agent from partner bank will come to your home to verify your documents and KYC documents.

Step 5. Now you have to choose your borrowed amount plan in flexible EMI of 2-36 months according to you.

Step 6. After getting the approval, you will get the Instant Loan in the bank account immediately.

Apply For Money Tap Loan – Click Here

Disclaimer

We disclaim any liability for any information that may have become outdated since the last time the particular piece of information was updated. We reserve the right to make changes and corrections to any part of the content of this website at any time without prior notice.

The information given in this post is for educational purpose only, that post has been written keeping in mind the customer, through which the customer can know what facilities can be made available on this website, the information given in the post is all official. The link of the official website has also been taken from the website so that the customer is not confused.

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