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- MoneyTap is now Freo Credit Vs. IIFL: Gold & Business Loans
MoneyTap is now Freo Credit vs IIFL: Gold & Business Loans Usage & Stats
MoneyTap is now Freo. Download the new app
Best Personal Loan App in India - Get approved for a flexible loan up to ₹5,00,000 & pay interest only on the amount you borrow with MoneyTap.
Get a personal loan online with zero collateral. Interest rates start from as low as 13% per annum* for 3 to 36 months. We offer you the benefits of an easy personal loan and credit card combined.
For salaried employees only! Minimum salary = ₹30,000 per month.
If you need money, view MoneyTap as your first choice for loans.
Fees
For ₹1,00,000 borrowed for 1 year, with interest rate @13% per annum*, a user would pay:
-> Processing fee (@ 2%) = ₹2,000 + GST = ₹2,360
-> (Setup fee of ₹499+GST = ₹588/- to be paid upfront)
-> Interest = ₹7,181
-> EMI = ₹8,932
Total amount to be repaid after a year = ₹1,10,129/-
*Interest Rate varies based on your risk profile
The maximum Annual Interest Rate can go up to 36% (However, only a fraction of our customers get an interest rate higher than 30% per annum)
We are India’s leading personal loan app in partnership with leading banks and NBFCs. We work ONLY with regulated financial institutions in India, governed by RBI & we have our own NBFC license as well. So we're well-regulated and legally compliant.
How is MoneyTap different from any other traditional personal loan app in India?
The best feature of the MoneyTap Loan app is that you pay the interest only for the amount that you borrow.
Example: Ajay applies for a MoneyTap Loan in January, and gets an approved credit limit of ₹5,00,000 but doesn’t borrow any money for the next 5 months.
In May, he withdrew ₹50,000 from his credit limit to pay for a house deposit. Now, the interest will only be charged on ₹50,000. Ajay can avail another loan from the app by opting for a top-up loan right from the app.
What features make MoneyTap convenient?
● 100% paperless process, no bank visits
● You can use any amount from your available credit limit
Documents required
● Aadhaar number
● Identity proof (Driving license/Voter id/Passport/Aadhaar/PAN)
● Address proof (Driving license/Voter id/Passport/Aadhaar/Utility bills/bank statements)
● Original passport photo/selfie
● You can get a personal loan online on Aadhaar card. E-sign your application with registered mobile OTP for fast-track application
How does MoneyTap work?
Get a personal loan in 4 simple steps:
● Apply on the app and get approved in 4 minutes, create your profile, fill basic information such as age, city, PAN, & income to check eligibility
● Instantly find out your pre-approved amount
● Complete KYC verification
● Transfer money to the bank account from the approved amount
Available in 50+ cities.
MoneyTap Personal Loan Application Uses
● Phone pe loan - use it as an urgent personal loan.
● Personal loans can be used for education, medical, marriage / wedding loan, home renovation loans, mobile / laptop loan, used car/ two-wheeler loan, travel loans, debt consolidation loan, etc.
● The experience of an early salary for emergency cash.
Bonus: MoneyTap RBL credit card
● 100% cash withdrawal from your credit card online
● 50-days interest-free period
Security & Protection of Privacy
Data security & privacy is a top priority at MoneyTap. Our backend APIs comply with mandated security standards & robust protocols which have been tested and certified by our partner bank’s IT team.
Download the Freo app now.
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Achieve financial freedom with the IIFL Loans app, trusted by over 80 Lakh + users! Whether you need to get a gold loan for any occasion or an MSME loan to grow your business, we offer tailored solutions just for you. From gold loans for agriculture or weddings to hassle-free business loans, our app provides a wide range of options.
Applying is quick and easy! With just a few taps, you can secure an online loan with quick approval and hassle-free fund transfers. Whether it's a quick loan for urgent needs or a loan for small businesses, IIFL ensures a seamless experience from start to finish.
- Quick and Easy Process: Experience a hassle-free journey from application to approval, ensuring your financial needs are met promptly.
- Localized Content Just for You: Our Quick Loan App can be accessed in 12 different languages
- Versatile Options: Gold loans for agriculture, wedding, travel, and more with business & home loans.
- No Login Required: You can explore our quick loan app without a lengthy Login process.
- EMI calculator: Plan your repayment with our new online loan EMI calculator.
- User-Friendly Interface: Simple & subtle, loan app interface to navigate the online process effortlessly.
- Insurance & Investment: We're not just about loans! Explore insurance opportunities within the App.
- Secure Transactions: Rest easy with our robust security measures, ensuring your financial assets are protected.
IIFL Loans App's Product Lineup:
Gold Loan
Unlock the value of your gold with ease using our gold loan app! Whether you need funds for personal or business requirements, you can get a gold loan with minimal paperwork and quick approvals.
Opt for a loan against gold and enjoy flexible repayment options. Apply online or schedule a doorstep service to get gold loan solutions tailored to you. With IIFL’s Gold loan, financial support is always within reach.
Why opt for an IIFL Gold loan?
- Quick Loans
- No Hidden Costs
- Quick Disbursal
- Flexible Repayment Options
- Attractive Interest Rates
- Gold loan available at home
Business Loan
Entrepreneurs, are you stressed about collateral and paperwork holding you back? Get quick MSME loans online; no collateral is needed. Our easy loan process helps you to focus on what matters: growing your business.
Why choose IIFL Business Loans?
- 100% digital process
- No collateral required
- Attractive interest rates
- Invest in your business infrastructure, machinery, inventory, and more with loans for small businesses.
Business Loan features:
- No collateral required
- MSME Loans at attractive interest rates*
- Flexible EMI repayments*
- Loan Amount up to Rs. 75,00,000/-*
- Minimal documentation
- 100% Digital process (Quick and hassle-free)
- 29+ Years of market presence
Loan Calculators & other tools available in the IIFL Loans App
- Gold Loan Calculator: The Online Gold Loan Calculator is simple and helps you make informed decisions. Just input the weight to determine your eligible loan amount based on the loan-to-value ratio.
- Business Loan Calculator: The MSME Loan EMI Calculator is an easy-to-use tool that helps you estimate an affordable loan amount and EMI, ensuring it doesn't affect your monthly business needs.
Contact us:
Registered Office
IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, Thane Industrial Area, Wagle Estate, Thane - 400604
Call us
1860-267-3000, 7039-050-000
Download the IIFL online loans App now, and let's make your financial aspirations a reality.
Disclaimer:
Any/all loan product specifications and information that may be stated are subject to change from time to time. IIFL Finance Limited (including its associates & affiliates) ("IIFL") assumes no liability or responsibility for any errors or omissions in the content stated herein, and under no circumstances shall IIFL be liable for any damage, loss, injury, or disappointment suffered by any reader.
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MoneyTap is now Freo Credit VS.
IIFL: Gold & Business Loans
January 5, 2025