MoneyTap Instant Personal Loan: Everything You Need to Know Before You Apply

What is MoneyTap Instant Personal Loan?

MoneyTap, now a product under the Freo brand, offers a smart credit line that acts as both a personal loan and a virtual credit card. It’s ideal for salaried employees, freelancers, and gig workers looking for fast, paperless, and flexible borrowing options in India.

Instead of a traditional lump-sum loan, MoneyTap gives you a pre-approved credit line up to ₹5 lakh. You withdraw only what you need and pay interest only on that amount—not the entire limit.

Know more about Mobile personal apps

Why MoneyTap is a Top Personal Loan App in 2025

How to Apply for a MoneyTap Instant Personal Loan

Step-by-Step Process:

1. Download the MoneyTap app (Android / iOS)
2. Register with your mobile number
3. Fill in personal & employment details
4. Upload KYC (PAN, Aadhaar, salary slips or bank statements)
5. Wait for instant approval
6. Start using your credit line immediately

Who is Eligible for a MoneyTap Loan?

Is MoneyTap Approved by the RBI?

Yes, MoneyTap is fully RBI-approved.

In 2019, MoneyTap received an NBFC (Non-Banking Financial Company) license from the Reserve Bank of India. This allows it to operate as a regulated financial institution under India’s digital lending guidelines.

Here’s why it’s trustworthy:

• ✅ NBFC Licensed: Operates legally under RBI supervision
• ✅ Compliant Services: Offers personal loans under strict regulatory rules
• ✅ Trusted Partnerships: Works with multiple RBI-regulated banks and NBFCs

This ensures transparency, safety, and legal reliability for borrowers.

Freo: The Company Behind MoneyTap

Freo is India’s first credit-led neobank and the official platform managing MoneyTap loans in 2025. It also offers:

• Freo Pay: Daily UPI & card payments
• Freo Save: High-interest savings account
• Freo Borrow: MoneyTap’s credit line
• Free Credit Score check tool

Backed by a robust leadership team and RBI approval, Freo is emerging as one of India’s most trusted fintech players.

Referral Program – Earn While You Share

Love MoneyTap? Refer your friends and get rewarded!

• Share your referral code via app
• Friend signs up and gets a loan
• You earn cashbacks or vouchers

Check “Refer & Earn” in the app to track your rewards.

MoneyTap User Reviews (2025)

Anjali M.
“I got ₹50,000 in 10 minutes during a medical emergency. Super simple app!”

Rakesh P.
“Love the flexibility—one credit line works as both loan and credit card.”

Suman T.
“The paperless process was hassle-free. Great for salaried folks like me.”

Frequently Asked Questions (FAQs)

Q: What is the interest rate for a MoneyTap Instant Personal Loan?
Interest rates start from 13% per annum, based on your credit profile.

Q: Is MoneyTap available across India?
It’s available in major metro and Tier-2 cities, with expansion ongoing.

Q: Are there any hidden charges?
No. MoneyTap is transparent with its fees, and there are zero prepayment penalties.

Q: Can I apply if I have a low credit score?
Yes, but your limit and rate may vary. A score above 600 is preferred.

Q: Is it a loan or a credit card?
It’s both. You can convert withdrawals to EMIs or use it as a virtual credit card.

MoneyTap Customer Support

• 📧 Email: hello@moneytap.com
• ☎️ Helpline: Visit moneytap.com/contact
• 💬 WhatsApp Support: Accessible through the app

Final Verdict: Is MoneyTap Worth It?

If you want fast, flexible, and secure access to money in 2025, MoneyTap Instant Personal Loan is a top pick. With RBI approval, transparent policies, and dual-purpose credit use, it’s tailor-made for modern Indian professionals.

Download the MoneyTap App Now:

• Play Store (Android)
• App Store (iOS)