MoneyTap Personal Loan Android App Review
MoneyTap for Android is a personal loan app which is one of India’s first apps based personal credit line offered in partnership with leading banks to get instant personal loan. With a tap of a button, this app lets you borrow as little as 3000 INR to 5 lakhs INR based on certain criteria. It is one of the fastest bank loans you will get online.
Take personal loans in a Jiffy
MoneyTap Personal Loan app for Android offers you the benefits of personal loans and credit cards combined. The app promises to process credit applications in a matter of minutes. The loans can be repaid in equated monthly installments over a period of two months to three years. Any salaried employee or self employed with a minimum monthly income of Rs 20000 can download this app. Using a Chatbot interface, you need to provide all information that you normally produce to a bank for loan. The app securely connects to a banking system that gives a credit limit and also instant approval. The rate of interests for loans varies from 1.25% to 1.5% per month and the app has a setup fee of Rs 499 plus taxes to be paid to the bank. You get to choose your own EMI tenure. Age limit for loan application is 23 years to 55 years. You have a bonus feature of credit card withdrawal with 100% cash with 50 days interest free period and 2000 reward points.
MoneyTap for Android offers loans are collateral free without any bank visits or phone calls. The interest needs to be paid only for the borrowed amount and not on the unused amount. Once you create your profile, the system will check your eligibility and will instantly find your pre-approved amount. Only your PAN card number is required for this process. When the money gets approved, it will get transferred to your bank account 24×7.
Conclusion
MoneyTap – Personal Loan, Credit Line Android app and its offerings are now available in 29 cities across India. Aadhar number, ID proof, address proof and original passport photo or selfie are the documents required. Get an instant loan on Aadhaar card and e-sign your application with registered mobile OTP for fast-track application. The app is free and requires Android 4.1 and up.
Category: Free Android Apps
