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MoneyTap Personal Loan

MoneyTap offers personal loans at interest rates starting from 1.08% per month (13% p.a.) for loan amounts of up to Rs 5 lakh and repayment tenures of up to 3 years. Loan applicants availing MoneyTap Personal Loans can avail credit line of up to Rs 5 lakh which they can use to manage expenses related to home renovation, education, travel, weddings, medical emergencies, etc. The lender claims to offer instant personal loans through its mobile app with minimal documentation and loan approval within 4 minutes.

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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 ₹40L
Rate of Interest9.99% - 17.15%
Tenure upto1-5 Years
Processing Fee1% - 1.5%
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 Loan applicants availing personal loans from MoneyTap have to pay interest only on the total amount withdrawn and not on the entire loan amount.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

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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

Personal Loan

Maine Paisabazaar se personal loan apply kiya or Jaldi approval bhi mil gaya aur zyada documents bhi nahi lage.

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Abbaz AhmedApr 10, 2025

Got pre-approved Loan offer

I was looking for Personal loan and came across this platform. I applied online and received multiple loan offers instantly and got a pre-approved offer, and the amount was disbursed within 48 hours.

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Kirti MadaanMar 17, 2025

Loan for Home Renovation

Do din pehle maine apne purane ghar ki renovation ke liye Paisabazaar se loan apply kiya. Process kaafi easy aur smooth tha. Aaj subah mujhe message aaya ki mera loan approve ho gaya hai.

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Personal Loan

Take Personal Loan from Paisabazaar. Approved in 2 days, easy process

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Took a personal loan

I took a personal loan from Bajaj Finserv via Paisabazaar, and it was easy! Paisabazaar made it smooth and simple. The whole process was quick and hassle-free!

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Palvika PanchalJan 6, 2025

Personal Loan via Paisabazaar

Got a personal loan via Paisabazaar—super easy & quick! Kunal from sales was super helpful, explained everything well. Highly recommend! ?

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DeshmukhDec 19, 2024

Loan for Medical Emergency

Mujhe ekdum urgent medical emergency ke liye paise chahiye the. Paisabazaar se loan liya, aur honestly, sab kuch ekdum smooth tha! Process fast tha, team helpful thi, aur paise bhi jaldi mil gaye

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PawanDec 17, 2024

Get personal loan

Paisabazaar se pre-approved personal loan jadi milgya.. Or 48 hours mai paisa account mai agya.. Team is very helpful

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Kirti GargDec 15, 2024

Good experience

Good experience with Paisabazaar! Loan approval hua within 48 hours aur rates bhi kaafi reasonable the.

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Ashok KumarDec 13, 2024

Personal Loan

Main Travel k liye loan apply kiya tha.. jo jaldi hi approve hogya or account mai agya.

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