How to take loan from Moneytap Loan App: If you are thinking about taking a loan, then let us tell you that through this platform you can get a loan of ₹ 10,000 to 5 lakhs at an interest rate ranging from 12% to 36% and this is such a platform, Which provides loan related information and also provides loans.
By the way, let us tell you that Moneytap itself does not give loans, it has some lending partners associated with it, who provide the loan amount. Apart from this, at present the number of people using this app is more than 10 million and its rating is 4.2 and this platform works to provide loan facilities in many different ways.
So if you want to take a loan of Rs 10000 through MoneyTap, then read this article from beginning to end. In this you will get to understand the application process in detail and you must also pay attention to some important things given below, these important things will help a lot in taking a loan of Rs 10000 through MoneyTap Loan App.
Important information related to 10000 loan from MoneyTap
To take a loan of ₹ 10,000 from MoneyTap, you can pay attention to the main points given below to know how much interest rate and EMI can be paid on the loan amount of ₹ 10,000 and for how long can you take the loan? Apart from this, you will also get other information, pay special attention to the given main points.
- Loan Amount:- MoneyTap Loan App provides a minimum loan of ₹ 10000 and a maximum of ₹ 5 lakh, so you can easily get a loan of ₹ 10000 with the help of this app.
- Interest Rate:- Minimum 12% and maximum 36% interest rate has to be paid on the loan amount obtained through MoneyTap Loan App. According to this, a minimum interest rate of ₹ 1200 and maximum ₹ 3600 will have to be paid on a loan of ₹ 10000.
- Tenure:- Normally, you will get minimum 3 months and maximum 36 months time to repay the loan amount you will get with the help of this App and your EMI will be determined accordingly.
- Cibil Score:- If you have considered taking a loan through MoneyTap App, your Cibil Score should be more than 600.
- Processing Fees:- When you complete the loan application process through this MoneyTap App, then to get that loan, you will have to pay a charge of 2% to 3.75% as processing fees.
- Loan Approval Time:- After completing the loan application process through MoneyTap App, your loan can be approved within a maximum of 24 hours.
Process to apply loan from MoneyTap
To take a loan of Rs 10000 with the help of MoneyTap App, first of all you have to download this app through Google Play Store, then you can easily apply for a loan of Rs 10000 from Money Tap App by following the steps given below. You can get an amount of Rs.
#1. Click on Get Started
When you download and open MoneyTap App, you will get some introduction, then go to the end after that and there you will get an option of Get Started, then click on that Get Started option.
#2. Select Sign up Option
When you click on the Get Started option, you will get 3 options to sign up, Google Account, Facebook Account and Mobile Number, then select the option through which you want to create an account.
#3. Enter Mobile Number
If you select Mobile Number from the 3 options given above, then this can be the easiest way to register, then after selecting, you have to enter the mobile number and click on Verify Number option, from which you will receive OTP. , then you verify that OTP.
#4. Apply Now
After signing up, you will get an option of Apply Now on its home page, then click on the option of Apply Now to start the loan application process.
#5. Allow Permissions
After clicking on Apply Now, you will have to give some permissions to this app to start the loan application process, so to give permissions to the app, click on the Approve option and allow the permissions.
#6. Credit Line
When you give permission, after this you will get 2 options to apply for the loan, so you can select any option as per your choice, but normally to take a loan of ₹ 10000, you will see the option of Credit Line.
#7. Enter Personal Detail
After completing the above process, you will go to a new page, where you will have to enter some of your important details, then enter the necessary details and proceed after submitting them.
#8. Show My Credit Limit
After giving information about Personal Loan, you will get an option of Show My Credit Limit, by clicking on it you can see how much loan you can get, then you must complete this process.
#9. Check Interest Rate & Charge
If the Eligible Loan Amount through Money Tap Loan App is more than the Required Loan Amount, then you can change the Loan Amount by clicking on Check Interest Rate & Charge, then change it as per your choice.
#10. Select EMI & Tenure
After changing the loan amount by clicking on the option of Check Interest Rate & Charge, you will get the option of EMI, Tenure, then select EMI & Tenure as per your choice and click on the option of Apply that appears.
#11. Complete Your Profile
Once you select EMI & Tenure, you will have to complete the profile, so click on the option of Complete Your Profile and complete the asked information properly.
#12. Complete Your KYC
After you complete the profile, you will not have to complete the KYC process, so first of all you have to take a selfie and upload it and then you have to verify your Aadhaar number.
#13. Verify Your Address
After completing this process, you will have to verify your address, for this you will receive an OTP on the mobile number linked to your Aadhar Card, then enter that OTP and verify your address also.
#14. Upload Documents
After completing this process, you will reach the option of Upload Documents, in which first you have to upload the photo of your Aadhar Card, then you upload the photo of other required documents like Pan Card.
#15. Enter Bank Details
After uploading the documents, you will go to a new page, in which you will have to give information about the bank details, then give the information about the bank details of the bank in which you want to get the loan amount.
#16. get loan
After completing all the above procedures, the loan applied by you will be scrutinized and when it is completely verified, it will be quite easy.