MoneyTap: A Pot That Never Empties - MoneyTap Blog
MoneyTap Blog

MoneyTap: A Pot That Never Empties

Yes, you read that right. MoneyTap is a pot that never empties, a tap that never dries.

Before we delve further into explaining this, let’s do a quick recap on what MoneyTap offers.

  1. MoneyTap lets you avail credit with a few taps on your phone.  It does this in the fastest possible manner.
  2. A pre-approved limit is shown to you within a few minutes after registering on the MoneyTap app.
  3. After a KYC visit by our partner bank will follow within a couple of days. You will soon be able to use your credit line. Right from your phone or the MoneyTap card.
  4. You pay interest only on what you use and when you use it.

Top-up Feature of The MoneyTap Credit Line

Let’s assume a simple scenario:

Suppose you register on the app and get approved for Rs. 3 lakhs. You may have done this for a specific reason or to have a line of credit at your disposal for unforeseen expenses.

MoneyTap use case

Even if you use Rs. 3 lakh at one go, the balance which shows zero after withdrawal, will start increasing by the amount you repay. This is the auto top-up feature of the MoneyTap credit line.

Although, you were approved for a credit line of Rs. 3 lakhs, you can actually use more than that as long as you have made timely repayments.

If you keep your MoneyTap account active, you can continue using this ‘pot that never empties’, for as long as you wish.  

So, what’s holding you back? Get the MoneyTap app and experience freedom from financial worries, forever!

MoneyTap

India’s first app-based credit line, MoneyTap is a Bangalore based business that lends money with flexible interest rates, making credit quick and easy.

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