MoneyTap Credit Line & Loan

MoneyTap is a credit line and instant personal loan app in India. Get instant approval for a line of credit up to ₹5,00,000 and pay interest only on the amount you withdraw from your balance.
Our interest rates start from as low as 13% p.a.* for 3 to 36 months. Interest payable on the exact loan amount utilized from your approved credit line.

Required Documents

Aadhar number
Identity Proof (Driving License/Voter ID/Passport/Aadhaar/PAN)
Address Proof (Driving License/Voter ID/Passport/Aadhaar/Utility Bill/Bank Statement)
Passport size photo/selfie
You can get a personal loan online against your Aadhar card. E-sign your application with registered mobile OTP to fast-track application

Salaried employees only. Minimum salary = ₹30,000 per month

Special Offer: Select customers across 1200+ cities can now avail Rs. 10,000 @ 0% interest from MoneyTap.

We aim to provide better services than Indian banks and have the flexibility to get a line of credit which can be used as starting salary.

What features make MoneyTap the best instant personal loan app in India?

Borrow any amount or amount (starting from ₹3,000) from your approved credit line (up to ₹5 lakh)
Pay interest only on the amount you use
Instant personal loan without any risk
Make UPI transactions with your credit line
Fully digital, paperless experience
Choose your own flexible EMI and pay later

How Does MoneyTap Work?

Get instant personal loan in 3 easy steps:

Log on to MoneyTap Credit Line App, enter information like age, city, PAN and income and check your eligibility
Complete KYC verification, submit documents online
Transfer money from approved amount to bank account

Available in 85+ cities.

MoneyTap Personal Loan Application Usage

How is MoneyTap Online Instant Personal Loan App different from any other bank loan in India?

The MoneyTap credit line is better than a traditional bank loan. You are charged interest only for the amount you borrow.

For example: Ajay applies for MoneyTap Instant Personal Loan (credit line) in January, gets an approved credit line of ₹5,00,000, but does not borrow any money from the approved line for the next 5 months.
In May, he withdrew ₹50,000 from his credit limit to pay the house deposit. Now, interest will be charged only on ₹50,000. Ajay still has access to ₹4,50,000, unless he has some other emergency to withdraw any amount.


For a ₹1,00,000 personal loan taken for 1 year, with interest rate @13% p.a.*, a user will pay:

– Processing fee (at 2%) = ₹2,000 + GST ​​= ₹2,360
– A line setup fee of ₹ 499 + GST ​​= ₹ 588/- has to be paid before starting the credit line
– Interest = ₹7,181
– EMI = ₹8,932

Total amount to be paid after one year = ₹1,10,129/-
*Interest rate varies depending on your risk profile.
The maximum annual interest rate can go up to 36% (However, only a fraction of our customers get interest rates above 30% p.a.)

We are India’s first credit line based instant personal loan app. We have partnered with regulated financial institutions in India, governed by RBI, and major Indian banks and NBFCs. We also have NBFC license. Hence, we are well regulated and legally compliant.

How does MoneyTap work

Get instant personal loan in 3 easy steps:

Phone Pe Loan – Use it as an instant online personal loan or as a salary advance
Personal loan for marriage, wedding expenses etc.
Loans for home renovation, mobile, laptop, used car, two wheeler, education, medical etc.

Use the money with enthusiasm in the form of your lazy salary, credit card or cash
Initial Pay Loan App Experience for Emergency Cash
Visit us for the right solution whenever you need money

Bonus: MoneyTap RBL Credit Card

100% cash withdrawal from your credit card online
50-day interest-free period

Security and protection of privacy

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