instant personal loan
Photo by Alexander Mils on Unsplash

Loans are very hard to achieve today, especially if you don’t own a house. Most of the loan ads we see are not legit. I myself have been a victim of these. Those which are legit are not easy on approvals. Documentation and all the processes we have to go through are tiring and futile most of the time.

But this post brings you surprising information about an app that gives instant loans and is approved in just 4 Minutes.

Read this complete article to know how to get the loan and approval in 4 Minutes.

Get an Instant Personal loan online with MoneyTapGet personal loans up to Rs. 500,000 in as little as 2-36 months. MoneyTap provides quick loans via their mobile app with little documentation and approval in minutes.

What is MoneyTap Personal Loan?

You can now get an instant MoneyTap Personal Loan of up to 5 lakh without the need for security or guarantors. Use this money for travel, cell phones, medical emergencies, weddings, college loans, house improvements, and other uses.

Personal loans from MoneyTap start at 1.08% per month (13% per year). The best thing is that you can acquire an approved credit limit of up to 5 Lakh without paying any interest till you transfer the money to your bank account. Which is unique? You don’t even have to transfer the entire amount all at once; you can borrow simply what you need from your credit limit. Only the amount used will be charged with interest. Choose flexible EMI choices of 2-36 months to repay when it is convenient for you.

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Apply online in three simple steps and get immediate loan approval with very few documents.

Install the MoneyTap app on your Android or iOS device.

Fill up your details

Get approved in minutes.

MoneyTap is India’s first and most trustworthy app-based credit line lender. The MoneyTap app has been downloaded by over ten million people.

With MoneyTap’s next-generation Personal Loan 2.0, you can get your loan approved in minutes.

Advantages of Using MoneyTap Personal Loan

Instant Approval With minimal documentation, you can get online clearance in 4 minutes. Simply download the app, enter your details, and upload images of your papers.

Personal loans from traditional banks need extensive paperwork and can take several days to approve.

Borrow in PiecesYou can borrow any amount from 3,000 up to your complete approved credit limit as and when you need it. You do not pay interest on money that is not used.

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Other banks’ loans only allow you to borrow the complete amount at once.

Interest savings

As interest is only charged on the amount used rather than the total permitted limit, you can save a lot of money on interest when compared to typical personal loans. Our monthly interest rates begin as low as 1.08%.

Personal loans from other banks require you to pay interest on the entire amount from the start.

Also works as a credit card.MoneyTap Personal Loan 2.0 comes with a free MoneyTap-RBL Credit Card* complete with features and benefits. You can use this credit card to make online and offline purchases up to your approved limit, which you can subsequently convert into EMIs if you like. (*Only valid for RBL-approved customers.)

Easy Repayments

You can set your payback schedule. Choose easy EMI choices of 2-36 months and pay whenever it is convenient for you.

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Banks only offer personal loans with fixed EMI terms.

Using an App, you can manage your credit, repayments, and fund transfers.

Everything is at your disposal. Manage your account from the comfort of your own home with our simple mobile app.

Eligibility Criteria 

Must be a full-time salaried employee with monthly take-home pay of at least $30,000OR Must be a self-employed professional earning at least $30,000 per month.(Only specific professionals, such as doctors, lawyers, and business owners, are eligible.)You must be over the age of 23 and under the age of 55.You must live in one of the following cities:
City list:

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Required DocumentsPan Card NumberProfessional Selfie(To be taken on the MoneyTap App)Address Proof(Valid Driving License / Valid Passport /Aadhar Card)ID Proof(Valid Driving License / Valid Passport / Voter’s ID / Aadhar Card / Pan Card)

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