2024 Best instant personal loan app in india without income proof and low cibil score enough - fast approval - instant bank credit - best loan apps
MoneyTap Personal Credit App
MoneyTap is a Credit App and an Instant Personal Loan App in India. Get Instant approval for credit up to ₹5,00,000 & pay interest only on the amount you withdraw from your balance. Additionally, with MoneyTap you can pay for your bills that put a dent in your pocket such as Rent Payments or Paying for Security Deposits for your home or Down-payments.
MoneyTap is India’s first app-based personal credit, offered in partnership with banks. With the tap of a button, this app lets you borrow as little as Rs. 3000 or as much as Rs. 5 lakhs depending on your credit limit that is set by our banking partners. More importantly, you pay interest only on what you use.
Highlights
- Get
approved for credit up to ₹ 5 lakhs
- Transfer money instantly to your bank account
- Repay as EMIs, refill as top-up loans and reuse
- Cash without collateral
- Lifetime access to credit
- Pay interest only on the amount you use
- Flexible EMI’S
Loan Details
- Get Loan Amount starting ₹3,000 to ₹5 lakhs
- Rate of interest Between - 12% to 36% per annum
- Annual Percentage Rate - 10% to 70%
- Repayment EMI tenures - 3 to 36 months
- Low processing fees - 0% to 7%
- Low
one-time setup fee - ₹199 to ₹999
- Late payment fee – 15% on the amount due(min Rs.350 and max Rs.1000).
Eligibility
- Salaried employees and self-employed professionals
- A minimum monthly salary of Rs. 30,000
- Cibil score 600+ with good credit report
- 23 years of age and above
( Self-employed
professionals who are not eligible – Waiter, bellboy, watchman, Durbaan ,
sweeper, jamaadar, security guard, warden, coolie, cleaner, plumber, conductor,
gunman, orderly, ward boy, firemen, Machine Operator, fitter, Electrician,
Dhaba Employee, Tea stall / Juice shop owner, Paan Walla/ Pan shop Owner,
butcher shop Owner, Driller, Fire Operator, welder, mazdoor, workman,
carpenter, mistry, labor, daftry, helper, peon, caretaker, Loco Pilot, Driver,
Lab Attendant, Worker, Messenger, Hawaldar, sepoy, constable, office
assistants, tailor, crane operator, halwai, gardener, car cleaner, maid,
property dealer, travel agents, Insurance Agents, Contractors, Astrologers,
yoga instructors, gym instructor, priests, Purohits, field sales executives and
pawn brokers )
Required Documents
- Aadhaar Card
- PAN Card
- Company Name And Details
- Bank Account details
Our Real Time Personal Loan Details
- Loan Amount – RS 35,000
- Rate Of Interest – 36% Per Annum
- Repayment Tenure – 9Months or 12Months
- Monthly EMI Amount – RS 3,587
- Total Repayment Amount – RS 43,044
Applying
personal loan
- Log in to the MoneyTap credit app( Powered by Freo )
- Enter information such as age, city, PAN, and income
- Check your eligibility ( loan offer )
- Complete KYC verification, submit documents online
- Transfer money to the bank account from the approved amount
Available Locations From Tamilnadu
- Chennai
- Coimbatore
- Erode
- Salem
- Trichy
MoneyTap offers personal loans in partnership with many banks/NBFCs that
offers personal credit lines to customers in India, MoneyTap's partner banks
automatically report any late or missed repayments to credit agencies like
CIBIL, which can lower your credit score. This can negatively impact your
future loan applications and make it difficult to get loans or credit cards.
Lending Partners ( Click here and get more details )
- SMFG IndiaCredit Co. Ltd
- IncredCapital Financial Services Pvt Ltd
- KisetsuSaison Finance (India) Private Limited
- CholamandalamInvestment and Finance Company
- TransactreeTechnologies Pvt Ltd
- TapstartCapital Pvt Ltd.
- RBL BankLtd.
Disclaimer
We are not responsible anything
releated to this loan application so kindly take your won risk before applying
loan
Thank you
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