MoneyTap Personal Loan
MoneyTap provides personal loans with starting interest rates of 1.08% monthly (13% annually) on loans of up to Rs 5 Lakh for repayment periods not exceeding 3 years. Loan applicants applying for MoneyTap Personal Loans can avail a credit line of Rs 5 lakh which she or he can use for maintaining costs such as home refurbishing, school fees, holidays, marriage expenses, health issues, etc.
The online lender states that through its app, one can apply for an unsecured credit line and receive an approval in four minutes with very few documents attached to the application.
MoneyTap Personal Loan
The monetary interest of MoneyTap Personal Loans is at the lowest rate of 1.08% per month (approximately 13% annually). MoneyTap personal loan applicants can be charged interest on only the sum utilized while the total value of the loan is still intact. MoneyTap has not mentioned the variation of interest rates incurred for its personal loan schemes based on the credit history, income, and occupation of the loan applicant, however, it is common practice for most lenders to base the interest on these elements for their personal loans.
- MoneyTap Marriage Loans
Scope: MoneyTap provides an assortment of personal loans to the natal borrowers who want to fund their wedding that allows them a line of credit of up to Rs 5 lakhs for managing costs that have been planned and wedding exigencies that have not been accounted for.
Interest Rate: 1.08% per month (13% p.a.) upwards
Loan Amount: Rs 3,000 to 5 lakh
Loan Tenure: 2 months to 3 years
- MoneyTap Travel Loans
Scope: MoneyTap offers personal loans to the loan applicants for the purpose of incurring any expenses pertaining to travel. The lender provides personal credit line up to Rs 5 lakh to its personal loan applicants to cover cost of their holidays.
Interest Rate: 1.08% per month (13% p.a.) onwards
Loan Amount: Rs 3,000 to Rs 5 lakh
Loan Tenure: 2 months to 3 years
- MoneyTap Personal Loans for Medical Emergencies
Purpose: MoneyTap offers personal loans to individuals through which they are provided with a facility up to Rs 5 lakh for funding both pre-scheduled medical procedures and medical emergencies.
Interest Rate: From 1.08% per month (13% per annum) onwards
Loan Amount: From Rs 3,000 to Rs 5 lakh
Loan Duration: 2 Months to 3 Years
- MoneyTap Personal Loans for Education
Purpose: Personal loan applicants can avail of this Moneytap line of credit of up to Rs 5 lakh, which helps them undertake expenses for their education or for their children’s education.
Interest Rate: From 1.08% per month (13% per annum) onwards
Loan Amount: Rs 3,000 to Rs 5 lakh
Loan Duration: 2 Months to 3 Years