What is MoneyTap?

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MoneyTap is an instant loan service provider in India. The company is known for providing customers with personal loans that can be used for emergencies. One of the notable features of MoneyTap is that it saves customers from the complicated documentation process required to obtain a personal loan. Also, borrowers are not required to provide any collateral when applying for a loan. You can download the mobile application and track all your debts.

Types of personal loans

Wedding Loan: MoneyTap Wedding Loan can be used for major wedding expenses including jewellery, stage, guest accommodation, wedding invitations, etc. so that you can easily face any financial hurdles.

Medical Loan: In case of a medical emergency, you need money for various medical procedures, medicines, hospitalization etc. and with MoneyTap Medical Loan you can pay all these medical bills with minimal stress on your financial situation.

Travel Loan: If you are planning a luxury vacation, MoneyTap Travel Loan provides instant financial assistance to book you tickets, hotels, etc.

Home Renovation Loan: The Home Renovation Loan from MoneyTap allows you to add new furniture, lights, etc. to give your home a new look.

Mobile Loan: If you have the newest mobile phone on the market and you really want to buy it, you can buy it instantly with MoneyTap Mobile Loan without having to wait many days to save money.

Laptop Loan: With MoneyTap Laptop Loan, you can get instant financing for the latest laptop model you want to buy from your home or office

Consumer Durable Loan: Is this the TV you want to buy? Or home theatre? Or the speaker? With MoneyTap Consumer Durable Loan, you can easily get it with the device of your choice

Debt Consolidation Loan: This loan from MoneyTap allows you to consolidate multiple loans and loans with different repayment dates into a single EMI to help reduce repayment stress.

Eligibility criteria

The subsequent are the key eligibility standards in case you opt for a MoneyTap credit score line non-public loan:

  1. You have to either be a salaried worker or a self- hired professional (legal professional, physician or businessman)
  2. Your minimum monthly earnings need to be at the least Rs. 30,000
  3. You need to be at least 23 years vintage and your maximum age has to not be more than 55 years
  4. Salaried individuals need to be on their current task for at least 6 months (at the time of software submission) and have standard paintings revealed in at least 2 years. Self-hired people ought to be within the business for no less than three years and have a basic work experience of at least three years.

Documents required

The following are a number of the important thing documents which you want to offer whilst making use of for a personal loan:

  1. Duly filled utility shape with passport-sized photographs
  2. PAN Card
  3. Cope with evidence: Passport, Driving License, Aadhaar Card, Voter identity Card
  4. Id proof: Passport, Voter identity Card, riding License, Aadhaar Card
  5. Income proof: Payslip, shape sixteen, certified P&L declaration/balance Sheet, and so on.
  6. Another record required with the aid of the lender

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