MoneyTap Personal Loan App : If you are considering taking a loan, you may want to check out the MoneyTap personal loan app. Through this platform, you can borrow an amount ranging from ₹10,000 to ₹5 lakh with interest rates between 12% to 36%. This is a unique platform that not only provides essential information about loans but also facilitates the borrowing process.
Aadhar Card Loan | Get an instant loan of Rs 50000 | Personal Loan | Loan Kese Le | How To Take Personal Loan | Best Loan App | Loan Eligibility | How To Loan Apply Online
Important Details for Getting a ₹10,000 Loan through MoneyTap
If you are looking to borrow ₹10,000 through MoneyTap, here’s what you need to know about the loan amount, interest rate, EMI, and loan tenure:
- Loan Amount: The MoneyTap Loan App offers loans ranging from ₹10,000 to ₹5 lakh. So, you can easily get a loan of ₹10,000 through this app.
- Interest Rates: The interest rate for loans taken through MoneyTap ranges from a minimum of 12% to a maximum of 36%. For a ₹10,000 loan, the interest payment could range from ₹1,200 to ₹3,600.
- Loan Tenure: Typically, the loan tenure can range from a minimum of 3 months to a maximum of 36 months, depending on the amount you borrow. Your EMI will be calculated based on the tenure you choose.
- CIBIL Score: If you want to avail a loan through MoneyTap, your CIBIL score should be above 600.
- Processing Fee: While applying for the loan through the MoneyTap app, you will have to pay a processing fee of 2% to 3.75%.
- Loan Approval Time: After completing the loan application process, your loan could be approved within a maximum of 24 hours.
Loan Application Process via MoneyTap App
Here’s a step-by-step guide to applying for a ₹10,000 loan through the MoneyTap app:
- Click on Get Started: First, download the MoneyTap app from Google Play Store. After opening the app, you will be presented with an introduction. At the end, you’ll find the “Get Started” option. Click on it to proceed.
- Choose Sign Up Option: Once you click “Get Started,” you will be given three sign-up options – Google Account, Facebook Account, or Mobile Number. Select the one you prefer to create your account.
- Enter Your Mobile Number: If you choose the mobile number option, you’ll need to enter your mobile number and click on the “Verify Number” option. An OTP will be sent to your number for verification.
- Apply Now: After signing up, you will be directed to the home page, where you will see an “Apply Now” option. Click on it to start the loan application process.
- Grant Permissions: When you click on the “Apply Now” option, the app will ask for some permissions to proceed with the loan application. Click on “Allow” to grant the necessary permissions.
- Credit Line Option: Once you allow the permissions, you will see two options for loan application. Typically, for ₹10,000 loans, the Credit Line option will appear. Select it.
- Enter Personal Details: After choosing the credit line option, you will be directed to a new page where you’ll need to enter some personal details. Fill in the required information and submit it.
- Check Your Credit Limit: After providing your personal details, you will be shown an option to check your credit limit. Click on it to see how much loan you are eligible for.
- Check Interest Rates & Charges: If the loan amount offered is higher than required, you can click on “Check Interest Rate & Charges” to adjust the loan amount according to your needs.
- Choose EMI & Tenure: After adjusting the loan amount, you will be given options for EMI and loan tenure. Choose the one that suits you best and proceed.
- Complete Your Profile: After selecting the EMI and tenure, you will need to complete your profile by providing any additional required information.
- Complete KYC Process: To proceed further, complete the KYC process by uploading a selfie and verifying your Aadhar number.
- Verify Your Address: After KYC, you will be asked to verify your address. An OTP will be sent to your registered mobile number to verify the address.
- Upload Documents: After verifying your address, you will be prompted to upload necessary documents, including your Aadhar card and PAN card.
- Enter Bank Details: After uploading the documents, provide your bank details where you want the loan amount to be disbursed.
- Get Your Loan: Once all the steps are completed and the application is verified, you will receive your loan amount without any hassle.
Friends, if you’re looking for a quick and easy way to get a loan, the MoneyTap app is a great choice. Let’s talk about how this app can help you get a personal loan with a flexible repayment plan and low-interest rates. Don’t forget to check your CIBIL score, interest rates, and other details before applying for your loan. Let’s explore this option if you need funds quickly and efficiently!
