MoneyTap is now Freo Credit

MoneyTap is now Freo. Download the new app Best Personal Loan App in India - Get approved for a flexible loan up to ₹5,00,000 & pay interest only on the amount you borrow with MoneyTap. Get a personal loan online with zero collateral. Interest rates start from as low as 13% per annum* for 3 to 36 months. We offer you the benefits of an easy personal loan and credit card combined. For salaried employees only! Minimum salary = ₹30,000 per month. If you need money, view MoneyTap as your first choice for loans. Fees For ₹1,00,000 borrowed for 1 year, with interest rate @13% per annum*, a user would pay: -> Processing fee (@ 2%) = ₹2,000 + GST = ₹2,360 -> (Setup fee of ₹499+GST = ₹588/- to be paid upfront) -> Interest = ₹7,181 -> EMI = ₹8,932 Total amount to be repaid after a year = ₹1,10,129/- *Interest Rate varies based on your risk profile The maximum Annual Interest Rate can go up to 36% (However, only a fraction of our customers get an interest rate higher than 30% per annum) We are India’s leading personal loan app in partnership with leading banks and NBFCs. We work ONLY with regulated financial institutions in India, governed by RBI & we have our own NBFC license as well. So we're well-regulated and legally compliant. How is MoneyTap different from any other traditional personal loan app in India? The best feature of the MoneyTap Loan app is that you pay the interest only for the amount that you borrow. Example: Ajay applies for a MoneyTap Loan in January, and gets an approved credit limit of ₹5,00,000 but doesn’t borrow any money for the next 5 months. In May, he withdrew ₹50,000 from his credit limit to pay for a house deposit. Now, the interest will only be charged on ₹50,000. Ajay can avail another loan from the app by opting for a top-up loan right from the app. What features make MoneyTap convenient? ● 100% paperless process, no bank visits ● You can use any amount from your available credit limit Documents required ● Aadhaar number ● Identity