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How is MoneyTap different from any other traditional personal loan app in India?

How is MoneyTap different from any other traditional personal loan app in India?

The best feature of MoneyTap Loan app is that you pay the interest only for the amount that you borrow.💰

Example: Ajay applies for a MoneyTap Loan (credit line) in January, gets an approved credit line of  but doesn’t borrow any money for the next 5 months.
In May, he withdrew  from his credit limit to pay for a house deposit. Now, the interest will only be charged on . Ajay still has access to whenever he has another emergency without paying any interest on it until he withdraws any amount.

What features make MoneyTap convenient?
✔ 100% paperless process, no bank visits
✔ You can use any amount from your available credit line
✔ Make UPI transactions directly from your Credit Line

Documents required📄
● Aadhaar number
● Identity proof (Driving license/Voter id/Passport/Aadhaar/PAN)
● Address proof (Driving license/Voter id/Passport/Aadhaar/Utility bills/bank statements)
● Original passport photo/selfie
● You can get a personal loan online on Aadhaar card. E-sign your application with registered mobile OTP for fast-track application

How does MoneyTap work?

Get an instant personal loan in 4 simple steps:
● Apply on the app and get approved in 4 minutes, create your profile, fill in basic information such as age, city, PAN, & income to check eligibility
● Instantly find out your pre-approved amount
● Complete KYC verification
● Transfer money to the bank account from the approved amount

Available in 50+ cities.

MoneyTap Personal Loan Application Uses
● Phone pe loan - use it as an urgent personal loan.
● Personal loans can be used for education, medical, marriage / wedding loan, home renovation loans, mobile / laptop loan, used car/ two-wheeler loan, travel loans, debt consolidation loan, etc.
● The experience of an early salary for emergency cash.

અહીંથી વાંચો ગુજરાતી રિપોર્ટ

અહીંથી જુઓ SBI એ આપેલ જાણકારી વિડીયો

Bonus: MoneyTap RBL credit card💳
● 100% cash withdrawal from your credit card online
● 50-days interest-free period

Security & Protection of Privacy
Our backend APIs comply with mandated security standards & robust protocols which have been tested and certified by our partner bank’s IT team.

Loan Types

Flexi Personal Loan - A flexible loan option where you can avail loans within 10 minutes as direct bank transfer. All you need is your PAN Card & Address Proof to avail ₹1,000 to ₹50,000 for a tenure ranging from 62 days to 6 months.

Personal Loan for Salaried - A personal loan option where you can avail amounts from ₹10,000 to ₹2 Lakhs as direct bank transfer for tenure ranging from 3 to 15 months. All you need is your PAN Card, Address Proof and Salary Proof.

Online Purchase Loan - A loan option where you can Buy anything Now, Pay Later in EMIs. Via this option, you can avail E-vouchers on KreditBee App on loan, purchase on KreditBee's partner platforms like Flipkart, Amazon & many more through those e-vouchers, and pay later in EMIs.

Personal Loan for Salaried example:
Loan amount: Rs. 50,000
Tenure: 12 months
Interest Rate: 20% per annum
Processing Fee: Rs. 1,250 (2.5%)
New customer onboarding Fee: Rs. 200
GST on Processing and Onboarding Fees: Rs. 261
Total Interest: Rs. 5,581
EMI: Rs. 4,632
APR: 23.2%
Loan amount is Rs. 50,000. Disbursed amount is Rs. 48,289. Total loan repayment amount is Rs. 55,581

Flexi Personal Loan example:
Loan amount: Rs. 11,000
Tenure: 3 months
Interest Rate: 27% per annum
Processing Fee: Rs. 660 (6%)
New customer onboarding Fee: Rs. 110
GST on Processing and Onboarding Fees: Rs. 139
Total Interest: Rs. 499
EMI: Rs. 3,832
APR: 45%
Loan amount is Rs. 11,000. Disbursed amount is Rs. 10,091. Total loan repayment amount is Rs. 11,499


1. 100% Online process
2. Fast approval
3. Immediate bank transfer


1. Indian resident
2. Above the age of 21 years
3. Should have monthly source of income

How to get started

1. Install KreditBee App
2. Create your account
3. Fill your basic details to check first level eligibility
4. Upload KYC documents - ID, Address Proof & PAN card
5. Avail Loan as bank transfer or E-voucher as per your request

Fees & Charges
Interest rates range from 0%-29.95% with equivalent monthly interest rate of 0%-2.49% only.
A small processing fee is charged for loans e.g. for low risk customers 0% - 3% of the principal, for very high-risk customers 2.5% - 7%*.
KreditBee charges one-time service fee while onboarding or during upgrade which is ₹20-₹350 depending on the risk profile.
*The charges and repayment tenures vary based on creditworthiness and repayment ability of the customers. Penalty is charged only when someone delays their scheduled payment.

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