Money Tap Loan Application Review Full in 2024

Hey everyone, I welcome you to our site. In today’s will provide an honest review and detailed information on the Money Tap Loan Application. If you’re considering taking a loan from newly updated apps but are unsure due to concerns from your family, We regularly update you with information on all loan apps so you can make informed decisions.

Key Features of the Money Tap Loan Application

In today’s blog, we will cover several important aspects of the Money Up Loan App, such as:

• How much loan Manit provides
• Eligibility criteria
• Required documents
• RBI registration
• Safety aspects

This video will help you decide whether you should take a loan from this app. Please watch the entire video to make an informed decision. Let’s dive into the details.

Basic Loan Information

You can apply for a loan through the Money Tap Loan Application. If you’re a new customer, your credit limit may gradually increase as you repay on time. The repayment period can range from a minimum to a maximum of 36 months (3 years).

Eligibility Criteria

To be eligible for a loan from Money Up, you must:

• Be a resident of India
• Be between 23 and 55 years old
• Have completed six months in your current profession
• Have at least two years of experience in your profession

Self-Employed Eligibility

If you are self-employed, you can apply for a loan if:

• You have been in business for at least three years
• Your minimum payout is ₹20,000 per month

Required Documents

To apply for a loan, you will need the following documents:

• Aadhar Card
• PAN Card
• Three months’ salary slip (for salaried individuals)
• Bank account statement for three months (for self-employed individuals)

Ensure that the loan services are active in your city before proceeding with the application.

Loan Application Process

To apply for a loan, follow these steps:

1. Download the loan application.
2. Submit the necessary documents.
3. Verify the details with an OTP.
4. Based on your details, the app will determine your credit limit.
5. Once approved, the loan amount will be credited to your account within seconds.

Is Money Up Loan Application RBI Registered?

Yes, Money Up Loan App is RBI registered and follows the guidelines of its lending partners. Therefore, there are minimal chances of fraud.

Loan Charges and Interest Rates

Before discussing charges, it’s important to note that you will only be charged for the amount you transfer to your bank account. For example, if you are eligible for a ₹50,000 loan but transfer only ₹25,000, charges will apply to the ₹25,000 amount.

Breakdown of Charges

• Processing fee: 2% + 18% GST
• Interest rates apply to the transferred amount

EMI Charges

If you miss your EMI payments, a late fee, known as the EMI video charge, will be applied. The penalty is 15% of the outstanding amount.

Credit Score Requirements

To apply for a loan through Money Up, your CIBIL score should be a minimum of 750.

Is the App Safe?

Yes, the Money Up Loan Application is safe. If you decide to stop using the app after repaying your loan, you can request to have your data deleted from the system.

Final Thoughts

In conclusion, this video covered all the necessary details about the Money Up Loan App. By now, you should be able to decide whether this app is suitable for you to take a loan. If you still have any questions or doubts, feel free to leave a comment, and I will do my best to address them.

Subscribe for More Content

If this is your first time visiting our channel, don’t forget to subscribe. We regularly post helpful and informative videos. See you in the next video with a new topic. Until then, stay smiling and take care.

---

Loan Information

Eligibility Criteria	Required Documents
Indian resident	Aadhar Card
Age: 23-55	PAN Card
2 years in profession	3 months’ salary slip
Self-employed: 3 years in business	3 months’ bank statement

• Loan tenure: 36 months max
• Processing fee: 2% + 18% GST
• Minimum credit score: 750