Pay MoneyTap loan on Bajaj Finserv
MoneyTap, a fintech startup, offers hassle-free personal loans through a flexible credit line. With competitive interest rates, quick approval, and no need for collateral or guarantors.
The MoneyTap loan can be easily managed through the Bajaj Finserv BBPS platform, allowing you to track your expenses and repayments effortlessly. Additionally, the MoneyTap EMI payment options ensure that you can repay your loan in convenient monthly installments, making it easier to manage your finances. Whether you need funds for an emergency, a big purchase, or to consolidate debt, MoneyTap offers a reliable solution to meet your financial needs.
You now have the convenience of making EMI payments anytime from anywhere and without the stress of filling out lengthy documents thanks to the BBPS platform on Bajaj Finserv. The platform is simple to use and very welcoming to users and offers quick and hassle-free payment solutions to customers. The Reserve Bank of India (RBI) introduced the concept of BBPS, intending to streamline digital payments.
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Benefits of making MoneyTap loan repayment using the Bajaj Finserv BBPS platform
Some of the benefits of making MoneyTap loan repayment on the Bajaj Finserv BBPS platform include:
- Quick and hassle-free
With the BBPS platform on Bajaj Finserv, you can repay your MoneyTap loan quickly and effortlessly. - Safe and secure
The Bajaj Finserv BBPS platform is a safe and secure payment platform. Your payment details are secure with the platform’s robust security measures. - Multiple payment options
Bajaj Finserv BBPS platform offers multiple payment options, including debit card, credit card, net banking, e-wallet, and UPI. This allows you to choose the payment method that suits you best. - Instant confirmation
After making the payment, the platform immediately confirms the payment through an email and SMS.
Steps to make your loan payment online on the Bajaj Finserv website
Paying the loan through the Bajaj Finserv website is simple. Here are the steps:
- Visit the Bajaj Finserv website
- Navigate to the ‘BILLS AND RECHARGES’ section and select the ‘LOAN PAYMENT’ option
- A pop-up will request for sign-in, enter your mobile number, and click on ‘GET OTP’ to log in
- Select your service provider from the list of loan service providers
- Enter your ‘LOAN ACCOUNT NUMBER’ and along with your loan type, and click on ‘FETCH YOUR BILL’
- Verify the bill amount and click on ‘PAY NOW’
- Pay using the multiple payment methods available such as Bajaj Pay UPI, debit card, credit card, net banking, and Bajaj Pay Wallet.
Post the transaction, you will be receiving a confirmation to intimate about successful payment.
Fees and charges
A convenience fee of up to 2% will be charged depending on the transaction amount and payment mode (inclusive of applicable taxes). For more information on fees and charges, click here.
Note: For failed transactions, the total amount including charges except taxes is reversed.
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- Quick and hassle-free
Recharge and Pay Bills
Bajaj Finserv app for all your financial needs and goals
Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.
You can use the Bajaj Finserv App to:
- Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
- Invest in fixed deposits and mutual funds on the app.
- Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
- Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
- Apply for Insta EMI Card and get a pre-qualified limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
- Shop from over 100+ brand partners that offer a diverse range of products and services.
- Use specialised tools like EMI calculators, SIP Calculators
- Check your credit score, download loan statements and even get quick customer support—all on the app.
Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.
Frequently asked questions
Yes, Bajaj Finserv also provides other recharge services such as:
Yes, there are no penalties for paying back your MoneyTap loan early. With MoneyTap, you have repayment freedom. You can choose to make partial prepayments or the entire loan amount at any moment. This lowers your interest costs and improves the way you handle your money.
The late payment charge for MoneyTap loans can vary based on the specific terms and conditions of your loan agreement. Typically, late payment fees are a percentage of the overdue amount or a fixed fee, whichever is higher. It is important to check your loan agreement or contact MoneyTap customer service for the exact details of the late payment charges applicable to your loan.
To check your MoneyTap loan balance online, you can follow these steps:
- Visit the MoneyTap website or open the MoneyTap app on your smartphone.
- Log in to your account using your registered mobile number and password.
- Navigate to the ‘Loan Details’ or ‘Account Summary’ section.
- Here, you should be able to see your current loan balance, outstanding amount, and other relevant details.
You can make a MoneyTap loan payment online through the Bajaj Finserv BBPS Platform. Here are the steps:
- Visit the Bajaj Finserv website.
- Navigate to the ‘BILLS AND RECHARGES’ section under ‘PAYMENTS.’
- Select ‘LOAN REPAYMENT’ under ‘FINANCIAL SERVICES AND TAXES.’
- Choose your biller from the drop-down menu.
- Enter your loan account number and click on ‘FETCH YOUR BILL.’
- Select a payment method from the available options such as credit card, debit card, UPI, e-wallet, and net banking.
- Enter the requested payment details and click on 'PAY NOW'
MoneyTap EMI payment works by allowing you to repay your loan in convenient monthly installments. Once you borrow an amount, your EMI is calculated based on the loan amount, interest rate, and tenure. The EMI includes both the principal and interest components. You can make your EMI payments through various methods such as net banking, credit/debit cards, UPI, and more. The due amount and date will be visible on both the MoneyTap app and your billing statement.
To close your MoneyTap loan online, follow these steps:
Log in to the App: Open the MoneyTap app and log in with your registered credentials.
Go to ‘LOAN DETAILS’: Navigate to the ‘Loan Summary’ or ‘Repayment’ section.
Check outstanding balance: Verify the remaining loan amount, including any applicable interest or charges.
Make full payment: Use the available payment options such as UPI, net banking, or debit card to clear the outstanding balance.
Confirm closure: After payment, request a No Dues Certificate from MoneyTap for confirmation.
For additional support, contact MoneyTap’s customer service through the app or website.
The minimum loan amount offered by MoneyTap is Rs. 3,000. You can borrow up to Rs. 5,00,000 depending on your credit limit set by the banking partners.
