MoneyTap offers quick disbursal of personal loans up to Rs. 5 lakh with minimum documentation. You need not pledge any collateral or a guarantor to avail this loan and MoneyTap makes it easy to track the status of your loan application as well as a disbursed loan both online and offline. Read on to know how you can check the status of your personal loan application as well as an active personal loan with MoneyTap.
How to Track MoneyTap Personal Loan Application Status?
You can track the personal loan application at MoneyTap via the following methods.
Method 1: Via MoneyTap Mobile Application
Step 1: Download the MoneyTap mobile application from Google Play Store (android users) or Apple Store (iPhone users).
Step 2: Login to the app and check the status of your personal loan application.
Method 2: Via MoneyTap Support Team
Alternatively, you can write to MoneyTap at hello@moneytap.com to enquire your personal loan application status.
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How to Register Online for MoneyTap Personal Loan Account?
Since, MoneyTap is an app-based credit line and most of the services can be availed through only the mobile application. Following is the step-by-step guide to register for the MoneyTap mobile application.
Step 1: Download and install the MoneyTap mobile application.
Step 2: You will be asked to choose among “Credit Line, Shopping Vouchers or Credit Card”. Select Credit Line for MoneyTap personal loan.
Step 3: Subsequently, login with the help of either your Google Account credentials or Facebook Account credentials.
Step 4: Once your Google/ Facebook account credentials are verified, you will be asked to enter your mobile number and click “Continue”.
Step 5: Finally, enter the OTP received on your mobile to complete the registration process. Once registered, you can log into your account and access various services available through the MoneyTap App.
Details Required to Check MoneyTap Personal Loan Application Status
Typically the details required to check personal loan application status are:
- Registered Mobile Number,
- Personal Loan Application Number, and
- Registered Email ID.
How to Check MoneyTap Personal Loan Status Online After Disbursal
Method 1: Via the MoneyTap Online Portal
Step 1: Visit the online portal of MoneyTap.
Step 2: Enter your registered mobile number with Moneytap and click on “Send OTP”.
Step 3: Next enter the OTP to complete the login process and check the status of your active personal loan with MoneyTap.
Method 2: Via MoneyTap Mobile Application
Step 1: Login to the MoneyTap App with the help of your Google/ Facebook credentials.
Step 2: Navigate to “My Transactions” tab to check the details of your ongoing personal loan with MoneyTap.
How to Check MoneyTap Personal Loan Offline after Disbursal?
MoneyTap is a completely online digital platform and currently one cannot check MoneyTap Personal Loan Status offline.
Frequently Asked Questions (FAQs)
Q1. What is the interest rate charged on MoneyTap personal loan?
Ans. The interest rate of MoneyTap personal loan starts from 13% per annum (1.08% per month).
Q2. For what purposes, can I use the personal loan amount borrowed from MoneyTap?
Ans. You can use the disbursed MoneyTap personal loan for a variety of purposes such as for weddings, home renovation, shopping, medical emergencies, etc.
Q3. Who can apply for MoneyTap personal loan?
Ans. Salaried employees and self-employed individuals, such as doctors, lawyers, business owners, shop owners, etc. with a minimum monthly income of Rs. 20,000 can apply for a personal loan at MoneyTap.
Q4. What is the minimum eligible age to apply for a personal loan at MoneyTap?
Ans. You should be at least 23 years old to apply for a personal loan at MoneyTap.
Q5. What is MoneyTap personal loan setup fee?
Ans. MoneyTap charges Rs. 499 + applicable taxes as an initial setup fee. This cost allows the partner bank to block the approved amount of money for you as well as covers the initial costs to complete your KYC process.
Q6. What is the late payment fee charged by MoneyTap personal loan?
Ans. MoneyTap charges 15% of the due amount as late payment fee on overdue loan EMIs.
Q7. What is the repayment tenure for MoneyTap personal loan?
Ans. The repayment tenure for MoneyTap personal loan varies from 3 months to 36 months.
Q8. Do I need to pledge a security or collateral to take a personal loan from MoneyTap?
Ans. No, you don’t need to pledge any security or collateral to take a personal loan from MoneyTap.
Q9. How can I contact Moneytap customer care?
Ans. You can write to hello@moneytap.com in order to contact Moneytap customer care.
Q10. Can I cancel my request for personal loan at MoneyTap?
Ans. Yes, you can cancel your request for a personal loan from MoneyTap provided the loan has not already been approved.