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MoneyTap Personal Loan

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
Axis Bank
Low Processing fee
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max. Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%

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How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

About MoneyTap Personal Loan

  • 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
  • Minimum monthly income: Rs 30,000

MoneyTap Personal Loan Interest Rates

The interest rates offered on MoneyTap Personal Loans start from 1.08% per month (13% p.a.). Loan applicants availing personal loans from MoneyTap have to pay interest only on the total amount withdrawn and not on the entire loan amount. Although MoneyTap has not specified the differential personal loan interest rates offered for its schemes on the basis of their loan applicants’ credit scores, monthly income, occupation profile, etc., most lenders set the interest rates for their personal loans based on these factors.

Fees and Charges for MoneyTap Personal Loan

The fees and other charges for availing personal loans from MoneyTap are as follows:

Particulars Rates
Processing Fees
  • For loan amounts between Rs 3,000 and Rs 5,000: Rs 199 + GST
  • For loan amounts between Rs 5,000 and Rs 10,000: Rs 399 + GST
  • For loan amounts between Rs 10,000 and Rs 25,000: Rs 499 + GST
  • For loan amounts of Rs 25,000 and above: 2% of the total amount + GST
Line setup fee (one-time)  Rs 499 + GST

Types of Personal Loans from MoneyTap

MoneyTap Marriage Loans

  • Purpose: MoneyTap offers personal loans to loan applicants for marriage-related expenses wherein they get a line of credit of up to Rs 5 lakh for managing both planned and unplanned expenses related to weddings
  • 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 Travel Loans

  • Purpose: MoneyTap provides personal loans to loan applicants to manage their travel related expenses. The lender offers a personal line of credit for up to Rs 5 lakh for its personal loan applicants to finance their vacations.
  • 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: The lender provides personal loans to individuals wherein they get a line of credit of up to Rs 5 lakh to fund both their planned medical expenses as well as medical exigencies.
  • 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 Education

  • Purpose: Personal loan applicants can avail a line of credit from MoneyTap for up to Rs 5 lakh, which enables them to manage the expenses of pursuing their own education or financing their children(s) education.
  • 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 Buying Used Cars/Vehicles

  • Purpose: MoneyTap offers personal loans to prospective applicants for financing their purchase of used or pre-owned cars/vehicles with a credit line of up to Rs 5 lakh
  • 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 Buying Two Wheelers

  • Purpose: Personal loans from MoneyTap enable individuals to avail a credit line for up to Rs 5 lakh to purchase two-wheelers.
  • 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 Buying Laptops

  • Purpose: MoneyTap offers personal loans to its loan applicants who wish to purchase a laptop(s) with up to Rs 5 lakh as credit line.
  • 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 Buying Mobiles

  • Purpose: Prospective applicants looking to buy mobile phones can avail personal loans from MoneyTap (which includes a personal line of credit for up to Rs 5 lakh)
  • 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 Home Renovation

  • Purpose: Personal loan applicants looking to renovate their residential property can avail personal loans from MoneyTap and use the loan proceeds for various purposes including home renovation, paying rent or down-payment, internal and external repairs, expanding their home, etc.
  • 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 Consumer Durable Loans

  • Purpose: Prospective applicants can avail MoneyTap Consumer Durable Loans to purchase consumer products including home essentials like washing machine, AC, microwave, refrigerator, kitchen appliances, home entertainment system, printers, etc.
  • 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 Loan for Debt Consolidation

  • Purpose: MoneyTap offers personal loans for debt consolidation to prospective applicants looking to consolidate their multiple loan/credit card obligations into a single personal loan and reduce their overall interest costs and also save time on tracking multiple EMIs and their due dates.
  • 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 Loan for Buying Used 2-wheelers

  • Purpose: MoneyTap offers personal loans for individuals looking to purchase used/pre-owned 2-wheelers with up to Rs 5 lakh as line of credit.
  • 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

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MoneyTap Personal Loan Eligibility Criteria

The personal loan eligibility criteria set for loan applicants availing personal loans from MoneyTap are as follows:

  • Minimum monthly income: Rs 30,000 (both for salaried individuals and self-employed professionals like doctors, lawyers or business owners)
  • Age: 23 to 55 years
  • Work Experience (for salaried): At least 2 years with minimum 6 months with the current employer
  • Business continuity (for self-employed): Minimum 3 years in business
  • Should be a resident of Ahmedabad, Anand, Bengaluru, Chandigarh, Chennai, Coimbatore, Delhi, Gandhinagar, Hyderabad, Indore, Jaipur, Mumbai, Mohali, NCR, Panchkula, Pune, Rajkot, Secunderabad, Surat, Vadodara, Vijayawada or Visakhapatnam.

Documents Required for availing Personal Loans from MoneyTap

Prospective applicants should submit the following personal loan documents to avail availing personal loans from MoneyTap:

  • Identity proof: Driving License, Passport, Voter ID, PAN Card, Aadhar Card
  • Address proof: Aadhar Card, Driving license, Voter’s ID, Utility bills, , Passport, bank statements
  • Company name and email address
  • Details of loan applicant’s internet banking facility

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Explore Our Personal Loan Lenders

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FAQs

MoneyTap offers personal loans and credit cards in partnership with many banks/NBFCs, which are approved by the RBI. Therefore, prospective applicants can avail MoneyTap personal loans without worrying about the safety.

The interest rate for availing Personal Loan 2.0 from MoneyTap starts from 1.08% per month (13% p.a.). Personal loan lenders usually decide the interest rates for their loan applicants based on their credit profile, monthly income, repayment capacity, etc.

Whenever you apply for a personal loan or credit line, the lender will fetch your credit score(s) from the credit bureau(s) to evaluate your creditworthiness. As each such credit score fetch made by the lender reduce the credit score by a few points, availing personal loan from MoneyTap, or any other for that matter, may also reduce your credit score by a few points.

Applicants of Moneytap personal loans usually have to pay additional charges like processing fees, login/administration fees, prepayment charges, late payment fees, etc. MoneyTap levies processing fees and line setup charges (one-time fees) from its personal loan borrowers.

The minimum loan amount that you can borrow for MoneyTap Personal Loans starts from Rs 3,000. The maximum loan amount for personal loans from MoneyTap can go up to Rs 5 lakh.

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What our customers say

Best marketplace to shop for loans

I highly recommend Paisabazaar app to everyone looking out for personal loans. The customer support is so supportive and follows up with you throughout the loan process.

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Shweta SinghNov 13, 2025

Highly recommended platform

I applied for a personal loan for medical emergency through Paisabazaar and got amazing service like nowhere else. The team was extremely cooperative and followed up with me until I had my loan amount in my account. My loan was disbursed within 24 hours. It is indeed an excellent platform for taking loans.

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Sunil YadavOct 29, 2025

Instant loan disbursal

I applied for a personal loan through Paisabazaar and got my loan disbursed in no less than 24 hours. The team was extremely cooperative, guided me through the entire process and followed up with me until I had my loan amount in my account. I highly recommend this platform to everyone looking for an urgent loan.

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Neha JainOct 29, 2025

Excellent platform

Excellent platform for personal loan comparison! Their EMI calculator helped me pick the best tenure & my monthly emi.

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Manish KumarOct 23, 2025

Got personal loan instant

I was a medical emergency &amp; need funds instantly I applied for loan at Paisabazaar &amp; see I have a pre approved offers &amp; apply to it &amp; amount disbursed in 48 hours thanks to paisabazaar teams

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Mansi SharmaOct 17, 2025

Got loan yesterday

I got a loan of 2 lakh from Paisabazaar. Until now, I didn&#x27;t know that it was so easy to get loan through Paisabazaar. They helped me with all documents and process and my loan was sanctioned yesterday itself.

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Priyanka SharmaOct 15, 2025

Pre-approved offers

I logged in to Paisabazaar app and saw pre-approved offers as per my credit profile from different lenders. I could avail the offer easily and got quick disbursal in as less as 24 hours without any hassle.

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Sunanda MishraSep 28, 2025

Got personal loan in a few minutes

I had pre-approved offers. When I applied through Paisabazaar, I got my personal loan approved within a few minutes. The process was very hassle-free and the team was extremely cooperative.

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Preeti SinghSep 26, 2025

Cibil kam tha fir bhi loan dila diya

Mera cibil kam tha fir bhi paisabazaar walo ne loan dila diya mujhe jo bohot jaruri tha.

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Pawan SehrawatSep 25, 2025

Personal loan quick approved

My personal loan was quick approved on Paisabazaar. Everything was online and I was not required to submit any more documents.

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Vivaan ShahSep 24, 2025
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