MoneyTap Loan - Get Personal Loan @ Lowest Interest Rate

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MoneyTap Personal Loan
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Overview of MoneyTap personal loan 

• MoneyTap personal loan is one of the simplest
  ways to get a personal loan for an individual
  either he is salaried or self-employed. There is
  no need to follow the traditional loan procedure
  for the user. The individuals get flexibility for
  accessing the loan through MoneyTap personal
  loan. It can be easily applied by the users
  anytime and from anywhere with the quick online
  process. As the borrowers may get the best loan
  rates and pay interest only on the amount they
  use, this will help the user to use this
  application easily. 

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Features and benefits of MoneyTap personal loan
app

• Quick loan approval process 

• The flexibility of withdrawing money

• The MoneyTap is an online application that has a
  digital application process and ensures that loan
  processing and disbursal can be done easily. The
  loan approval process for this loan is frequently
  used for any device.

• Through this MoneyTap personal loan app, one can
  get approval for the amount of Rs. 5 lakh. Apart
  from that, they will get the flexibility to
  either withdraw a lower amount required or
  withdraw the full amount.

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Pay interest on the amount you use

• By using the credit line, your interest rate is
  charged only on the loan amount you withdraw.
  This may help you to reduce your interest cost as
  compared to a standard personal loan. The pay
  amount you withdraw for your use helps to pay a
  low-interest rate.

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Eligibility for MoneyTap personal loan 

• The MoneyTap personal loan interest rate starts
  from 1.08 per month i.e. 13 p.a. to 24.3 p.a.
  As the interest rate is charged only on the
  amount of loan you applied. If there is zero
  amount used then, no interest rate is charged.
• Processing fee is Rs. 499 (including GST as
  annual line setup fee and 2 GST as processing
  fee.
• The user must be 23 years and residing in the 40
  city using MoneyTap.
• The tenure limit of the MoneyTap personal loan is
  starting from 2 months to 36 months.
• Minimum loan amount will be Rs. 25,000 and
  maximum up to Rs. 5 lakhs.
• Get loan approval within 4 minutes for using the
  app.
• It offers flexible loan repayment to the user
  with tenure of variable interest rates.
• Under MoneyTap personal loan, the user will pay
  interest for the amount utilized but not the
  whole amount.

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Overview of PaySense personal loan

• By using the PaySense app, the borrowers will
  get instant personal loans starting from Rs.
  5,000 up to R. 5 lakh to take care of all your
  personal needs you require. This app is a
  hassle-free product used for any device and is
  also approved in minutes. The process is always
  quick and comfortably used from anywhere and
  anytime. It also offers EMI options on a personal
  loan and reminds you of paying the loan amount.

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Factors affecting PaySense personal loan
eligibility  

• Minimum wage 
• PaySense requires a salaried individual who has a
  minimum wage of Rs. 12,000 and for self-employed
  who have a minimum income of Rs. 15,000 per
  month.

• Work experience
• The lenders prefer to check the work experience
  of the borrowers who have personal stability.
  This will help the borrower to make a higher
  chance of loan approval.

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Location is a must

• Usually, the location of your residence
  significantly affects your loan application. This
  will decide the minimum salary required and
  eligibility for receiving the personal loan
  amount.

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Eligibility criteria for PaySense personal loan

• Individuals must be an Indian citizen.
• The age limit is starting from 21 years up to 60
  years.
• The user must be self-employed or a salaried
  person.
• Minimum wage for a salaried employee would be Rs.
  12,000 or above per month. Apart from this, it
  would be Rs. 15,000 per month for self-employed.
• Identity proof must be submitted such as an
  Aadhaar card, voter ID, and PAN card. It is also
  necessary to have a bank account for using this
  app.

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To be concluded 

• The above-mentioned personal loan apps are
  frequently used and downloaded for any of your
  device. Thus, people applying for the best loan
  apps get the benefit of a quick loan
  approval process through any device. If you are
  applying for a personal loan with either MoneyTap
  personal loan or Paysense personal loan. You can
  easily select and choose the loan of your choice
  while getting the above information. 

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