Manage your finances with ease using a MoneyTap Credit Line of up to ₹5 Lakhs, available on Bajaj Markets. The MoneyTap Credit Line can be used for a variety of personal expenses, such as medical bills, home repairs, or unexpected emergencies. Benefit from low interest rates starting from 18% p.a. and flexible repayment options of 3 to 36 months. Applying for this credit line is quite convenient and hassle-free with the completely online application process.
The interest rates and other charges of a MoneyTap Credit Line are as follows:
Interest Rates |
18% p.a. to 36% p.a. |
Processing Fee |
5% to 10% |
Preclosure Charges |
Nil |
*Disclaimer: The mentioned rates are subject to change at the lender’s discretion.
Why Choose MoneyTap Credit Line on Bajaj Markets
Flexible Borrowing
Get access to a credit line ranging from ₹50,000 to ₹5 Lakhs to address your immediate financial needs
Low Interest Rates
Benefit from competitive interest rates starting at just 18% p.a. to help reduce the cost of borrowing
Interest Charged Only on the Amount Used
Interest is only charged on the amount withdrawn, helping you reduce your overall interest burden
EMI Conversion
Convert your credit line withdrawals into easy, affordable EMIs and manage your repayments more comfortably
Quick Processing
Your application is processed digitally, allowing for quick approval and access to your credit line
No Preclosure Fee
Close your credit line at any time without incurring any additional charges to settle your debt faster without paying any extra cost
To qualify for the credit line, you need to fulfil the following requirements:
You must be between the ages of 23 and 58 years
You should be a salaried individual with a minimum net in-hand income of ₹20,000
Your salary must be credited to a bank account (cash salary not accepted)
Alongside this, you may be required to furnish the following documents:
Address proof
Identity proof
Selfie
In case of any query or grievance, reach out to the customer care team of MoneyTap. For this, send an e-mail to hello@moneytap.com. You can also check the FAQ section on the official website for any other queries you may have.
Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.
Frequently Asked Questions
What is the MoneyTap Credit Line?
The MoneyTap Credit Line is a flexible borrowing option that allows you to access funds up to ₹5 Lakhs. You can withdraw as needed and pay interest only on the amount used.
How do I apply for the MoneyTap Credit Line?
You can apply on Bajaj Markets through a simple online application process. Ensure you meet the eligibility criteria and have the required documents ready before applying for a smooth process.
What are the interest rates for the MoneyTap Credit Line?
The interest rates start from 18% p.a. onwards, with charges applicable only on the amount withdrawn from your credit line.
What is the repayment tenure for the MoneyTap Credit Line?
The repayment tenure of the MoneyTap Credit Line is flexible, with options of up to 36 months.
Are there any preclosure fees for the MoneyTap Credit Line?
No, you can close your credit line at any time without paying any preclosure fees.
