First Let’s Know About MoneyTap
People Frequently Ask these question when they heard about MoneyTap :-
PEOPLE BEHIND MONEYTAP
- Marriage Loan
- Travel Loan
- Medical Loan
- Education Loan
- Used Car Loan
- Laptop Loan
- Two-Wheeler Loan
- Mobile Loan
- Home Renovation Loan
- Consumer Durable Loan
- Debt Consolidation Loan
MOST LOVED FEATURES OF MONEYTAP PERSONAL CREDIT LINE APP!
Withdraw as low
as ₹ 3,000
Big rewards with
our credit card
Credit limit available
for a lifetime
No collateral, no guarantors
- Address Proof (Valid Driving License / Valid Passport / Aadhar Card)
- ID Proof (Valid Driving License / Valid Passport /Voter’s Id / Aadhar Card / Pan Card)
- Pan Card Number
- Your Company Name and Official Email Address
How Does MoneyTap’s Personal Line of Credit Work?
Step 1 – Download the MoneyTap credit line app & register
If You have already downloaded then don’t Forget to Put Referal Code When it asked while Registeration Process
It’s that simple!
Step 2 – Complete your KYC documentation – For final approval
Step 3 – Start using – as cash or card with one tap!
Use your MoneyTap credit card anywhere, anytime.
You don’t need a big brother for emergencies anymore!
Step 4 – One tap to convert to flexible EMIs
Step 5 – Keep track of all your transactions
Refer & Earn
(TERMS & CONDITIONS)
- Refer as many friends from the MoneyTap app using your unique invite URL or customizable referral code.
- When your friends apply for the MoneyTap Credit Line – either by clicking on the unique link shared by you or by typing your referral code inside the app (when asked), they get linked to your invitation.
- Once your friend submits the completed application, the app will show an approval status within minutes. If your friend is pre-approved, you get the first part of your referral reward i.e. an Amazon Gift Voucher worth Rs.100/-
- After pre-approval, your friend has to complete his/her KYC to get a final approval from the bank. Once they get final approval, their MoneyTap Credit Line gets issued. At this stage, you get the second part of your referral reward i.e. an Amazon Gift Voucher worth Rs.400/-
- Your friend also gets an Amazon Gift Voucher worth Rs.500/- once his/her credit line gets issued.
Terms & Conditions
- Referred successfully: friend signing up on MoneyTap Mobile App (not applicable on web sign-ups) with your ‘Referral Code’ (or) by clicking your unique invite link and getting a pre-approval on completing the application
- You will get the referral bonus of Rs.100 on your friend’s pre-approval & the bumper bonus of Rs. 400 when your friend gets his/her credit line issued. If he/she cancels the application before getting line issued, you won’t get bumper bonus of Rs.400
- Your bonus earning limit is currently capped at Rs.1,00,000/-
(Worry not, we have a surprise planned for you if you reach your maximum earning limit !! Just get in touch with us at firstname.lastname@example.org)
- Only new accounts are eligible to participate in the referral program. Existing users must sign in with their existing account credentials (email ID & phone number) and refer their friends for earning Amazon.in vouchers. They can’t apply the code in their existing application
(The referral system knows if you are an existing customer or you have been invited by some friend. In case of any concerns pls contact us with your registered email ID, Referral Code, Friend’s referral code so that we can help you with your concerns efficiently)
- The referral program is eligible only for those who download the app & apply for MoneyTap credit line
- In case of any malpractice, MoneyTap reserves the right to block a user for participation in the program temporarily or permanently and/or cancel the existing / future referral bonuses earned. Please refer to the best practices & ‘Not To Do’ list
- MoneyTap reserves the right to modify, update or close the referral program without any intimation to the participant
- Reward (voucher) will be emailed to the user within 1 month of getting eligible for the referral bonus. The system automatically allots & distributes these vouchers. We request your patience. In case you have any concerns, please reach out to us at email@example.com with your registered email ID (& your friend’s registered ID or your referral code)
MoneyTap is India’s first app-based credit line. A ‘Credit Line’ lets you borrow money flexibly at your convenience. It’s like a pre-approved loan, but only much better & super convenient. MoneyTap app is available on PlayStore (more than 10 lac+ installs & 4+ rating). You can download the app and finish your application process through the app itself. It takes only 4 minutes to know your eligible credit limit. After getting pre-approved you must complete your KYC process in order to get your credit line issued & activated.
Here is the best part about MoneyTap:
You can transfer the money from MoneyTap app to your bank account and that will be considered as a personal loan or you can choose to use it like a credit card (in certain cases). If you use it as a personal loan, then UNLIKE ANY OTHER LOAN PRODUCT IN THE MARKET, the interest will only be charged on the amount used, not the whole approved amount. For instance, you get approved for Rs.30,000. And you choose to transfer (borrow) only Rs.15,000, then the interest will only be charged for Rs.15,000 only. Before transferring, you can choose your own repayment tenure i.e. EMIs of your choice (With MoneyTap you structure your own loan!!). Each time you payback the EMI your limit will be again topped up with the principal amount & it will be available for reuse again.
Who is eligible for MoneyTap?
Salaried and self-employed professionals between 23 yrs to 64 yrs of age, and income more than or equal to Rs. 25,000/- living in select cities are eligible to apply for MoneyTap. The approval of a credit line depends on a person’s credit history, banking partner’s credit selection criteria & other factors. The above eligibility is just a pointer to know if you can apply or not for MoneyTap. Credit approval is solely on our bank partner’s discretion.
An applicant is considered eligible only if he is residing (current address) in the following cities. List of cities where we serve :
- Delhi NCR (Delhi, New Delhi, Ghaziabad, Faridabad, Gurgaon, Noida, Greater Noida)
- Chandigarh, Panchkula, Mohali (Punjab),
- Ahmedabad, Anand, Vadodara, Gandhinagar,
- Visakhapatnam (Vizag) & Vijayawada,
- Mumbai, Navi Mumbai, Thane, Pune,
- Hyderabad & Secunderabad,
- Do not promise false rewards to people
(eg: A friend will not get a reward on signing up or creating an account on MoneyTap app. Only a friend who is successfully referred will get the reward when their line gets issued by the banking partner. Any false promises where he/she is misguided otherwise will result in a cancellation of reward benefits to both the referrer & referee)
- Do not falsify the refer & earn information. Please ask your friend to install the app using your unique referral link. During his account creation & on-boarding, the product will be explained.
- Do not use MoneyTap logo without our prior written permission
- Do not paste your ‘Referral Code’ on MoneyTap’s brand entities (Play Store Reviews, MoneyTap Facebook, Instagram, Twitter Pages etc.)
- Please understand that our social media pages along with our PlayStore is what keeps us connected to our audience and we cannot tolerate anything which can cause harm to it or mislead our customers. It comes across as if we are trying some amateur tactics to gain app installs, which in turn has a very bad impression on our customers. In case your referral code is found on the PlayStore reviews or Facebook posts, you will be BLOCKED PERMANENTLY with immediate effect and all your past-present-future Amazon.in vouchers will be CANCELLED!!
(Refer to the example pictures below)
Why Follow These Best Practices?
We are more excited about you earning Rs.1,00,000/- than you!
And we assure you that if you follow these best practices, you will definitely earn the 1 lakh referral money! (We have a surprise planned for you once you earn this amount)
Please connect with us at – HELLO@MONEYTAP.COM in case you have any concerns.
(REFER THE IMAGES BELOW. DO NOT DO THIS)