Moneycontrol
Last Updated : Sep 29, 2016 10:14 AM IST | Source: CNBC-TV18

Need a loan? Moneytap app can help you with it now

Moneytap's new app-based credit line service went live on Wednesday. The app allows users to know their credit eligibility, limit and get a loan between Rs 3,000 and Rs 5 lakh within a matter of minutes.

Are the days of serpentine queues and laborious paperwork to obtain a loan a thing of the past? Bala Parthasarthy, CEO and Co-Founder of the Startup Money Tap certainly seems to think so.

Moneytap's new app-based credit line service went live on Wednesday. The app allows users to know their credit eligibility, limit and get a loan between Rs 3,000 and Rs 5 lakh within a matter of minutes.

Parthasarthy told CNBC-TV18 the app will make getting loans easier and also bring in more customers for banks.

Watch video for the full interview..

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First Published on Sep 28, 2016 10:16 pm
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