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Moneyfy Loan Apply Online – How to Take Loan From Moneyfy App?

Last Updated: August 6, 2022

Moneyfy Loan Apply Online – Usually most of us do jobs or do some business. But sometimes we need a lot of money. In such a situation, it is natural to ask for money from your friends or relatives, but due to some reason they do not get it from there either.

We start thinking whether one can get a loan online or not. But sometimes we do not get the loan due to lack of information about the right App/Website.

We are going to tell you about one such app which provides you instant loan in few minutes. Its name is Tata Capital Moneyfy app. This app can provide you loan up to Rs.1 lakh in your need. And this app also provides many other services.

In this article, we are going to tell you about the Moneyfy app, such as how to apply for a loan from the Moneyfy app and what documents will be required, what is the eligibility for the loan. Apart from this, you are going to provide all the information about how much loan you can get.

What is Moneyfy App

Moneyfy is an online platform providing instant personal loan and cash loan. This platform usually provides other services like SIP Online, Invest, Mutual Funds, FD, Insurance etc.

This platform is specially designed keeping in mind the job seekers, do-it-yourselfers, small shopkeepers, small traders, middle-income families, etc., who can access their needs anytime and from anywhere in any part of India. You can apply for loan from. And you can also invest to fulfill your dreams.

This app is launched by well known company of India “TATA CAPITAL FINANCIAL SERVICES LIMITED”. This company is working as Finance company in India. This app has been launched on the Google Play Store on 26 February 2020.

The name of its founder is Abonty Banerjee who also has very good knowledge of finance field. The main branch of this company is in Mumbai (Maharashtra) and this company has branches in more than 200 cities in India.

From where you can also apply for loan. This company also has partnerships with many specialized banks in India like Axis Bank, ICICI Bank, Canra Bank etc.

Tata Capital acts as a main platform between its customers and large banks/NBFCs and it also helps its customers to build credit history and get higher loans at lower rates.

Moneyfy specially provides other services like Insurance, Investment, Mutual Funds, Monthly Online SIP etc. to its customers. This company is approved by Reserve Bank of India (RBI) and NBFC.

This app is developed for both android and iOS platform. Right now it has more than 10 lakh downloads on Google Play Store and it has got 3.5 rating.

How to Take Loan From Moneyfy App?

MoneyFy is a digital lending platform. We have given below the steps to apply for Moneyfy loan and by following these steps you can take the loan.

Step 1. Install the “Moneyfy” app from Google Play Store.

Step 2. Sign up with your mobile number.

Step 3. Enter your personal details like Name, Address, Email ID, Pin code and click on Continue.

Step 4. Select the loan amount and select the monthly EMI.

Step 5. Fill your employment details like Company name, Monthly Salary.

Step 6. Enter your address details.

Step 7. Enter Reference No of any of your friends, siblings, parents.

Step 8. Verify your KYC documents like Aadhar card, Pan card etc.

Step 9. Enter all your banking details like Account Number, IFSC Code.

Note: It may take some time to get the loan approved so you have to wait.

What Types of Loans does Moneyfy Offer?

Before taking a Moneyfy loan, you should know about the types of loans you can get which are as follows.

Personal Loans
Home Loans
Business Loans
Used Car Loans
Loan Against Property
Life Insurance

What are the Documents Required for Moneyfy App

To take a loan from any finance company or bank, you need some documents. You can take loan with minimum documentation through Moneyfy app. To take personal loan from Moneyfy app, you must have the following documents which are as follows.

Identity Card: Voter ID, Passport, Driving License, Aadhaar Card.
Address Proof: Ration Card, Electricity Bill, Passport.
Income Proof: Bank statements
Salary Slips
Employment ID
Latest Selfie

Loan Submission Deadline

Moneyfi is a long term instant loan app. You can take this loan for a maximum period of 12 months to 60 months to meet your personal needs. And you can repay this loan with interest rate and processing fee. You can repay this loan in monthly installments.

What is the Maximum loan Amount

Like we have told you above that you can take the loan amount (minimum to one lakh rupees) for your personal needs. It provides you the loan without any hidden charges.

Note: Moneyfi loan app depends on your credit score, how much you can get, if your CIBIL Score is bad then this loan can also be rejected.

What Should Be the Eligibility to Take Loan

If you apply for loan from Moneyfy App/Website then you can get personal loan with Tata Capital by fulfilling the following eligibility criteria.

Applicant’s age should be between 22 to 58 years.
Applicant should have a minimum monthly income of ₹15,000.
Applicant should have at least one year work experience.
You must be a citizen of India.
You should be self employed and employed in any job.
You must also have a mobile number linked to an Aadhar card.
Your credit score should be more than 750 to get the maximum credit limit.
You must have KYC documents like Aadhar card, PAN card.
You should also have a smartphone and a good internet connection to apply for the loan.
Income proof should also be there for the maximum loan amount.

Note: It is mandatory to have the above mentioned eligibility before applying for the loan. Under this, you can get the loan successfully, otherwise this company can also reject the loan.

How Much will be the Interest Rate on Loan

Interest Rate (Min & Max) for Moneyfy Loan: 11.25% – 19% p.a. Interest rate can be availed for instant personal loan. Apart from this, you get ₹ 1499 processing fee, GST charges are also valid in this.

Major Mutual Fund Houses by Moneyfy App:

Axis Mutual Fund
Baroda MF
ICICI Prudential Mutual Fund
HDFC MF
Aditya Birla Sunlife Mutual Fund
BNP Paribas MF
BOI Axa MF
HSBC MF
Tata Mutual Fund
Canara Robeco MF
PGIM MF
DSP Mutual Fund
Edelweiss MF
Franklin Templeton
Kotak Mutual Fund
L&T MF
LIC MF
Mirae Asset Global
PPFAS MF
Union MF
Nippon MF
SBI Mutual Fund
UTI MF

Types of Mutual Funds offered by Moneyfy App:

Large Cap
ELSS Tax saving
Low Duration Fund
Small-Cap
Liquid funds
Mid Cap
Multi-Cap
Banking & PSU Debt fund
Credit Risk Fund

Features offered by Moneyfy App

Investment & SIP Calculator
EMI Calculator
Insurance Calculator

Use Of Loan

Moneyfy App Loans can be used to buy your dream home, buy a car, invest, go for a vacation, for higher education, family functions, marriage etc.

Who Can Apply

This loan can be taken by every citizen of India whose monthly income is more than 15,000 and his fixed salary is private sector or government. Apart from this, he should be a citizen of India and his age should be more than 22 years and less than 58 years.

Security and Privacy Policy

Moneyfy App is a fast, secure mobile application and the app is also available on Google Play Store with over 1.5 million satisfied customers in India.

Moneyfy app has been launched by Tata Capital, a well-known company of India, which is famous all over the world. This company has partnership with some specific banks like Axis Bank, ICICI bank, Canra Bank, Kotak Mahindra bank, HDFC Bank, etc.

Apart from this, this finance company is also registered on the website of Reserve Bank of India (RBI). This company is registered on the website mca.gov.in.

Note: This is a secure mobile application, if you are thinking of taking a loan, then you can apply for a loan from this company.

What is Customer Care Number

If you face any kind of problem, you can get the solution of your problem through WhatsApp, by talking to customer care or by email. Which is the following type.

Customer Care Number: 1860-267-6060
Time: 9 AM to 8 PM, Monday to Saturday.
E-mail: moneyfycare@tatacapital.com

Disclaimer:

In this article, we have provided the information to you on the basis of internet source. If this information becomes old or the terms of this app change in future, then we will not be responsible for it. So whenever you apply for a loan, take it at your own risk. We are not responsible for this, it is your own choice.

Conclusion:

I hope that today’s post has been helpful for you, in which we have told you about the information related to Moneyfy By Tata Capital App.

FAQs To Moneyfy App Loan

Q1. How to make repayment of Moneyfy app?

Ans. Repayment of Moneyfy Loan When you apply for a loan, then you have to enter the bank account and IFSC number there, then friends, your loan installment is debited from your bank account.

Note: Loan can be deposited through Tata Capital Moneyfy app, for this you have to visit the bank and select Loan Auto Debit EMI of the loan.

Q2. Can a common man take a loan from Tata Capital?

Ans. If a person does a job and his monthly income is more than Rs.15,000, then he can apply for the loan, otherwise this loan may be rejected.

Q3. How many features does the Moneyfy app provide?

Ans. Generally Moneyfy app provides three facilities like Investment, Insurance, Loan.