MoneyTapMoneyTap makes your borrowing as easy as 1, 2, 3. With 1 tap, you can instantly transfer money to your bank account anytime.
And once you borrow, we also make sure that your EMI repayments are as simple.
Based on the partner bank who has provided you with the credit, your repayment date and options will be different.
If you are approved by RBL Bank, here’s how the EMI repayment works:
Billing cycle: Your billing statement will be generated on either 12th or 22nd of every month. If you have borrowed any money or made any credit card transactions, these details will be shown on the statement.
Your due amount and date will be visible on both the MoneyTap app and on the statement which RBL will email to your registered address.
You can make the payment in multiple ways:
To securely pay from your MoneyTap app:
– Go to your MoneyTap app and from the settings button on the top right corner, click on “Make Payment”.
– This will take you to the Payment page where you will be asked card and account details for completing the payment.
Alternatively, you can also pay in any of the ways mentioned below:
| Mode of Payment | Type | Convenience Fee | Turnaround Time: | Login & Access |
| Net Banking | Using RBL Bank Account | FREE | Next Day | Next Day | Next Day | Pay Now |
| Using Other Bank Account (Non – RBL Bank) | FREE | Same Day | Same Day | Next Day | Pay Now | |
| NEFT Payment | Using any Bank Account | FREE | Same Day | Same Day | Same Day | Login to your bank account and use below ‘Payee / Beneficiary’ details:
Payee Name: Name as on your RBL Bank Credit Card Payee Account Number: 16-digit Credit Card number Bank Name: RBL Bank IFSC Code: RATN0CRCARD Branch Location: NOC Goregaon, Mumbai |
| NACH | Any Bank Account | FREE | Next Day | Next Day | Same Day | Registration required
Click here to download the form |
| Cash | Deposit at RBL Bank Branches | Rs. 250/- + GST Per Transaction | Next Day | Next Day | Same Day | RBL Bank Branch Locations |
| Cheque | Deposit at RBL Bank Branches / Courier | FREE | Same Day | Subject to realization | Subject to the realization | RBL Bank Branch Locations
Or Courier your cheques to: RBL Bank Limited, Cards Operating Centre, Unit: 306 –311, 3rd Floor, JMDMegapolis, Sohna Road, Sector – 48, Gurugram – 122 018, Haryana. |
| * Available Limit Release is subject to bank’s policies and discretion.
* Turnaround Time is mentioned in Business Days. For more details, visit here. |
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If you are approved by DMI Finance, here’s how the EMI repayment works:
Billing date: Your EMI payment every month will be on the 5th of every month.
Your EMI will be directly deducted from your registered bank account. You will need to maintain the required balance in your account for this.
This is available only if your NACH (National Automated Clearing House) is successfully registered. This step is mandatory to facilitate a hassle-free and timely repayment.
If your NACH registration fails or expires, we will notify you of the same for a re-pickup of the document.
Please don’t worry, no amount will be deducted from your account if there’s no ongoing EMI and don’t borrow anything.
In case your NACH form is not successfully registered before 5th, details about alternative payment modes will be shared with you.
Successful Payment Notification: MoneyTap will notify receipt of the payment through RBL bank. You may also get notified by your own bank once the money is debited from your account. In 3 to 4 days after making the payment, the payment status will also be reflected on the MoneyTap app.
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Does moneytap provides NOC letter once all loans are cleared?
Hi Anwesha,
MoneyTap is a revolving credit line for a lifetime, you can repay and reuse the money.
how to pay emi
Hi Nitesh,
Your EMI will be auto debited on 5th of every month. Please let us know in case of any queries, we are happy to assist you.
I can’t understand how to pay EMI. My due date is 5th of every month.EMI didn’t deduct from my account even I have sufficient balance in my account.
In EMI schedule some amount of RS. Showing paid in that table and due amount as 5th August where as
Hi Dashrath,
We regret the inconvenience caused. Please provide your registered details so that we can check and get
your issued addressed.
– Shweta
i have to pay total amount at a time.how can i do
Hi, for better assistance please write to us at hello@moneytap.com, we are happy to assist you.
Hi Money Tap
How can i pay full amount. I want to close my EMI.
Hi,
Please write to us at hello@moneytap.com, so that we can look into it & assist you in the best possible way.
– Shweta
SIR my due date already crossed till not payment deduct from my account
Hi, please contact us at hello@moneytap.com if you are still facing the same issue, we are happy to assist you.
I Need to Foreclose Money TAP Loan.
What is the procedure for the same.Please Suggest.
Hi Laxman,
Please write to us at hello@moneytap.com with you registered details so that we can assist you. Thank you!
Hi,
I didn’t get any response from your team(hello@moneytap.com) about my foreclosure, I already provided all my reasons and met your criteria still i didn’t get the proper mail to close my whole loan.
Could you please assist on this.
Hi Arun, we apologize for the delayed response. We have replied to your email. Please check and get back to us in case of any queries, we are happy to assist you.