MoneyTap is an Indian Android application for borrowing money. This service allows users to quickly get funds in a contactless and paperless way.
Personal credit
If you have an emergency and money can solve your issue, this app can be very useful. You can get a quick loan in a matter of hours without leaving your house. All you need is to provide essential documents like your Aadhaar card, address proof, salary confirmation and a selfie.
It is worth noting that there are several loan services operating on the Indian market, most notably, Money View Loans. This one works in a similar way. Firstly, you need to complete a short registration and upload documents. After that, MoneyTap assesses your application and gives you a personal interest rate based on your risk level. Now, any time you need cash, you can borrow a certain sum with just a couple of taps.
The system instantly calculates your equated monthly installment or EMI. Users pay only for the sum they actually borrowed. If you need additional money later, you are free to get cash at any moment as long as you are under the total limit of five lakh.
Features
- quick and safe way to get a loan;
- paperless and contactless process with minimum documents;
- the app is free to download;
- compatible with current Android versions.
