Money Tap credit line 2022: How to get Credit from the App? Money Tap is one of the most famous and successful platforms for straightforward loans and credit without paperwork and documentation. It was never that easy to get a credit line before the arrival of the Money Tap app. You can take a credit line of 5 lakhs within minutes from the comfort of your home. In this article, we will give all the details related to the Money tap credit line.
The application process for a credit line from the Money Tap app is entirely online and hassle-free. You can expect the credit line to be yours within 10 minutes. You can use the credit the way you want, and you only need to pay interest on the amount you are using.
The tenure is also very flexible, with a maximum of 36 months. You can easily spend and repay all the debt in that much time. With Money Tap, you also have access to various other loans and services. You can do a variety of other stuff, which makes Money Tap even more convenient and flexible.
|With the help of the Money Tap app, anyone can now quickly get their credit line without a lot of paperwork and documentation as the process is entirely online, safe, secure and hassle-free. The service is phenomenal, and you can expect a benefit of 24*7. You can take a maximum of 5 lakhs worth of credit line without any trouble. There are plenty of loan options available as well, which will provide a lot of flexibility.
|There are some eligibility criteria like you need to be a citizen of India to take a loan, you need to have a regular source of income, your age must have to be either equal to 21 or more than that, and some more.
|Application process (Online)
|The application process, from the start to the end, is entirely online and hassle-free. You need to download the app from the play store or any other medium and fill the application process.
|You need to have documents like an Aadhaar card, passport, voter ID card, driving license, and a few others. You also need to have income proof, pan card, salary slip or bank statement, etc.
Everyone who wants to take a credit line from the Money Tap app must know some eligibility criteria. Seriously you would have never heard of something so easy and smooth, with so much to offer. The entire process is speedy and secure, and the eligibility criteria are also very minimal and easy to use.
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We have mentioned all the eligibility criteria below:
- The applicant must have to be a citizen of India to be able to take a credit line from the Money Tap app.
- You need to have a regular source of income, so that you can easily repay the debt.
- You need to have a stable business or an experience of at least three years in business or you must be working in a company for at least one year.
- Your age must have to be either equal to 21 or more than that.
- You need to have a good credit score to begin with.
The application process is straightforward and convenient for everyone interested in taking a credit line. However, you need to be eligible at least if you want it. Once you become suitable for a credit line from Money Tap, the rest of the process becomes very easy. As the cycle runs completely online, it provides a lot of convenience and comfort.
We have mentioned all the steps to take a credit line from the Money Tap app online:
Step I – first of all, you need to download the Money Tap app from the play store or any other app store.
Step II – you also have the option of visiting its official website, www.moneytap.com, to confirm more details about it.
Step III – now, you need to get yourself registered on the app by providing your phone number and bank account details.
Step IV – Once you are registered with the app, you can quickly fill the application form and choose all the best possible tenure, interest, amount and other things about your credit line.
Step V – now, you need to upload the scanned image of the documents required. After uploading the documents, you need to submit the application form.
Step VI – once the application form is submitted, you can expect the credit line to be yours within minutes. It takes some time to verification and confirmation.
There are some documents which you need to have. We have mentioned those below:
- Identity proof – Aadhaar card, passport, voter ID card, etc.
- Address proof – Aadhaar card, driving license, passport, etc.
- Income proof, for which you can either use the bank statement of the last few months or the most recent salary slip. You can also use income tax return or other relevant documents.
- Pan card is a must as well.
- You also need to show details about your business or job profile.
What is the maximum credit line which I can take?
Well, it depends on your income, credit score, and also on a few other factors. Although as a general, one can take a maximum of 5 lakhs of the credit line.
What’s the minor age limit at which one can take a credit line from the Money Tap app?
The least likely age at which one can take a credit line is 21.
Do we need to have experience in our business or job?
Yes, you need to have experience of at least three years in your business, or you need to have knowledge of at least one year in your job.
What is the interest rate?
The interest rate starts at 13 % per annum for the amount which you have taken for use.