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MoneyTap Se Loan Kaise Le: MoneyTap is a mobile application with the help of which you can get a loan ranging from ₹ 3000 to ₹ 500000. This app provides Instant loans at very low interest rates with the help of Aadhar Card and PAN Card through digital processes in more than 600 cities of India.
The name of the owner of the MoneyTap app is Bala Parthasarathy. This app was launched by the startup company in October 2015. And this app has a partnership with RBL Bank.
This company is approved by NBFC and follows the guidelines of the Reserve Bank of India (RBI) along with regulated financial institutions. Till now, this app has more than 1 crore satisfied customers in India and has got a rating of 4.2 on Google Play Store.
What will we know about Money Tap in today’s post?
First of all, friends, we are going to know how much loan you can get through this Money Tap Personal App, that is, how much loan can this company give you if you apply for a loan from this company.
Secondly, we will find out the interest rate this company charges for giving you any loan. That is, if you take a loan from this company or you are thinking of taking a loan from this company, then when you take a loan from this company, you will know how much interest this company is going to charge you.
Third, what is the tenure rate provided by this company if you take a loan from this company. Meaning that if you take a loan from this statement or are about to take a loan, then how much time will this company give you to return the outstanding amount of that loan to this company. Simply, how much time does this company give you to repay the loan? To refund the outstanding amount.
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Fourth, what documents will you require to take a loan from this company. We will tell you this also in today’s post.
Fifth, what are the terms and conditions of this company if you want to take a loan from this company? Friends, if you want to take a loan from this company, you must follow all its terms and conditions. If you do not follow the terms and conditions or are not able to live up to them, then you will not get anything in the name of loan by writing this book.
Friends, in today’s post we are going to give you information on all these. So you are requested to read this post completely. So that you will also get information from this picture as to how you can take a loan from this company.
How much loan can you take from Money Tap?
Friends, if you want to take a loan from this Money Tap Personal App or are thinking about taking a loan, then it is very important for you to know how much loan this company promises to give you.
That means, how much loan can this company Money Tap Personal App give you? So for your information, if you are thinking of taking a loan from this company, then this company Money Tap Personal App can give you a loan ranging from ₹ 3000 to ₹ 5,00,000. This simply means that this company Money Tap Personal App is going to give you a loan of Rs 3000 to Rs 500000 very easily. You can easily deposit this in your bank account also. All this loan amount will be transferred to your bank account within 24 hours.
Friends, now we have learned how much loan you can get with the help of this company. Now let us know what interest rate you will have to pay for taking loan from this company.
How much interest will be charged?
Friends, now when you take a loan from any company, the first thing you look at is the interest rate of that company, so today I am going to tell you at what interest rate does this company give you loan, that is, how much interest will you have to pay on taking a loan from this company.
For your information, let me tell you friend, this company charges 13% interest rate, that is, if you take a loan from this company, then you will have to pay 13% interest which will be for the entire 1 year.
Friends, now we have come to know at what interest rate this company is going to give you loan. Now let us know how much the company should cost you.
Tenure rate is going to be imposed i.e. in how much time you have to return the outstanding amount of loan to this company.
For how many days will the loan be available from Money Tap?
It is also very important for you to know how much tenure rate you are going to get from this company. That is, how much time does this company provide you to repay the outstanding amount of the loan.
So for your information, let me tell you that this company Money Tap Personal App gives you 3 to 36 months to return the outstanding amount of the loan. This means that the tenure rate of this company is 3 to 36 months. That means, if you take a loan from this company, then this company gives you 3 to 36 months time to repay the outstanding amount of that loan.
It is from 3 to 36 months which means that this company can give you time up to 3 years also.
So now we know how much time this company gives you to return the load. Now let us know what documents you will need to take a loan from this company.
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Which documents will be required?
For your information, I would like to tell you that if you want to take a loan from this company or are thinking of taking a loan, then what documents will you need for the loan? At the time of application.
- First of all friends Aadhar Card
- Then any of your ID proof which you can include Aadhar Card, Voter ID Card, Ration Card, PAN Card, anything from all these.
- Your original passport size photograph and a selfie along with PAN card.
- You will need these documents to take a loan from this company. Now let us know what terms and conditions you will have to follow to take a loan from this company.
How many types of loans do Moneytap give
With the help of Moneytap App, you can get a loan for any kind of personal needs. The major requirements of which are as follows –
1. Personal Loan
Moneytap is an online platform that provides personal loans for young professionals. Through the Moneytap app, you can take personal loans such as Eleticity Bill Payments, Personal Emergencies, Travel, Marriage, Car or Bike Loan Emis, for any type of loan etc.
2. Marriage Loan
Marriage loan is a loan through which the applicant can take a loan for the marriage of his son or daughter, this loan can be received from 50 thousand to 5 lakh rupees.
3. Travel Loan
Travel Loan is a loan through which applicants can roam their desired place or also go on international tour. This loan can be available from 3000 thousand to 5 lakh rupees. It depends on your credit score how much loan will be given to you.
4. Medical Loan
Medical Loan is a loan that you can use for an emergency such as sudden hospitalization. If a friend or family member needs immediate treatment, he needs to be taken to the hospital immediately.
Most hospitals charge an entry fee which has to be paid before starting treatment. Can get 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 how much loan will be given to you.
5. Education Loan
Education Loan is 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, Graguate certificates will be submitted in your bank.
6. Used Car Loan
Used Car Loan is a loan through which you can buy an old car. For this, you have to fill the monthly EMI. This loan can be available from 3000 thousand to 5 lakh rupees.
7. Laptop Loan
Laptop Loan is a loan through which if you are a student then you can take advantage of the Moneytap app for your educational purposes, or you run this loan online.
You can get a loan from 3000 thousand to 5 lakh rupees through the Moneytap app from Amazon, Flipkart and other shopping online stores.
8. Two-WHEELER LOAN
Two-WHEELER LOAN is a loan through which Bike, Scotty etc. can buy the other two wheel. For this, you have to fill the monthly EMI. This loan can be found from 3000 thousand to 1 lakh rupees.
9. Mobile Loan
Mobile Loan is a loan through which you can buy mobile. You can get a loan from 3000 thousand to 1 lakh rupees through the Moneytap app from Amazon, Flipkart and other shopping online stores.
10. Home Renovation Loan
Home Renovation Loan is such a loan through which if your house is old, then you can get it decorated and get it renovated, you can get the interior of the house. This loan can be available from 1 lakh to 5 lakh rupees.
What is eligibility?
First of all, friends, if you want to take a loan from this company, then you will have to fulfill some eligibility criteria and I am also going to tell you the things included in it. Friends, first of all let me tell you, if you want to take a loan from this company then the first thing to remember is that you will have to be a citizen of India.
- Your monthly income should come directly into your bank account.
- For this you will also have to show a salary slip. The most important thing, friends, your monthly income should be Rs 30,000. If your monthly income is less than Rs 30,000 then this company will not give you loan.
- Your age should be above 21 years only then this company can give you loan i.e. if your age is less than 21 years then this company will not give you loan.
- Now we have learned what terms and conditions you will have to follow if you want a loan from this company.
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MoneyTap Se Loan Kaise Le?
This question will definitely come in your mind that through which bank you will get the loan. MoneyTap App has partnerships with many banks. MoneyTap App selects that bank according to your profile.
Where you have more chances of getting a loan. Once your application is accepted by the bank, you will get the Instant Loan in your bank account immediately.
Taking a loan from Money Tap app is very easy as it gives you fast, flexible and online paperless loan. To take a loan, the steps given below have to be followed.
Step 1. Download MoneyTap app from Google Play Store in your device.
Step 2. Next, register and log in with your mobile number.
Step 3. Fill in some of your basic details here like your age, city, PAN number, income
Step 4. As soon as your application is accepted, an agent from MoneyTap App or the 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 as per your choice in flexible EMI of 2-36 months.
Step 6. After getting approval, you will get the Instant Loan in your bank account immediately.
MoneyTap Personal Loan Example
For ₹1,00,000 borrowed for 1 year, with interest rate @13% per annum*, a user would have to pay:
- -> Processing fee (@ 2%) = ₹2,000 + GST = ₹2,360
- -> (Line setup fee of ₹499+GST = ₹588/- have to be paid before starting the credit line)
- -> Interest = ₹7,181
- -> EMI = ₹8,932
Total amount to be reimbursed after a year = ₹1,10,129/-
Borrowing ₹1,00,000 for 1 year, with interest rate @ 13% per annum*, a user will pay:
- -> Processing Fee (@ 2%) = @ 2,000 + GST = @ 2,360
- -> (Line setup fee of Rs. 499 + GST = Rs. 588/- have to be paid before starting the credit line)
- -> Interest = ₹ 7,181
- -> EMI = ₹ 8,932
Total amount to be repaid after one year = ₹1,10,129/-
So friends, that’s all in today’s post, I hope that you liked the information given in this post. If you liked this information, then share this post with your friends. If you have any questions or suggestions, then write to us in the comment section.
