money tap loan review 2024 – safe or not

MoneyTap offers a credit line similar to a credit card, allowing you to withdraw funds as needed and only pay interest on the utilized amount. Here's a balanced review of their services:

Pros:

Flexible credit line: Get a credit limit up to ₹5 lakh and withdraw anytime through the app.
Interest on used amount: You only pay interest on the borrowed funds, not the entire credit limit.
Multiple repayment options: Choose flexible repayment plans ranging from flexible EMI payments to bullet payments.
Fast and paperless process: Get quick approval and funds transfer within minutes through the app.
Transparent fees: All charges are clearly mentioned upfront, including interest rates and processing fees.
Rewards program: Earn cashback points on certain transactions and redeem them for bill payments or discounts.