MoneyTap is India’s first app-based personal credit line, offered in partnership with banks and NBFCs. This app lets you borrow anywhere from Rs 3,000 to Rs 5 lakh based on your bank’s credit limit, which can be set by you. Furthermore, only the amount withdrawn is subject to interest.
How Does MoneyTap Work?
In case you forgot some steps, it’s highly advisable that you calmly read through this MoneyTap review. Here are how MoneyTap works;
- Download the MoneyTap credit line App & Register – In order to determine your eligibility for a MoneyTap credit line. Enter your basic details like your age, city, PAN number, and income during the registration process. It’s that easy and simple!
- Complete your KYC documentation for final approval – In India, MoneyTap only work with regulated financial institutions governed by RBI, as well as having our own NBFC license. The company is well regulated and compliant with the law.
- Start using Cash or Card with one tap –
- Get Money Tapping! Once you receive the final approval, your credit line is ready to use.
- Borrow any amount from your approved limit, 24×7.
- You don’t need a big brother for emergencies anymore!
- One tap to convert to flexible EMIs – From within the app, you can repay your borrowed amount by taking advantage of flexible EMIs.
- Keep track of all your transactions – Right from your MoneyTap account, you can keep track of all your transactions and details, EMIs, and credit limits.
How To Start Earning With MoneyTap
- Download and install the MoneyTap application on your device
- Get Approved For Up To ₹5 Lakh Instantly!
- Use any amount from your limit.
- Interest charged only on the used limit
- Flexible EMIs of 3-36 months available.
- Repay and use the limit again
Is MoneyTap App Downloadable
The App is available for download on Google Play and App Store.
It is important to have a good credit score if you want to get credit cards, a home, a car, or a two-wheeler in the future. Making timely monthly payments and taking out cash or EMIs with MoneyTap will help you build your credit history. You can improve your credit score primarily by taking credit and repaying it.