SW Product Page - Loan Repayment - MoneyTap

MoneyTap is a financial technology company that provides a mobile application for accessing personal loans and other credits. At Shriram Finance we provide a seamless way to manage your MoneyTap loan repayment and handle all aspects of your loan quickly, securely, and conveniently. Additionally, experience the ease and speed of managing various other bills, recharges, subscriptions and deposit plans with Shriram Finance.

MoneyTap provides a flexible and convenient way to borrow money, besides options for repayment in a manner that suits their financial situation. MoneyTap's platform is designed to make the borrowing process simple and quick.

How to Manage MoneyTap Loan Repayment with Shriram Finance?

Here is a step-by-step guide to making quick MoneyTap EMI payments online with Shriram Finance:

1. Visit the Shriram Finance website.
2. Navigate to the main menu and click on "Payments," then opt for "BBPS."
3. Choose the "Financial Services & Tax" category and select "Loan Repayment."
4. Select "MoneyTap"
5. Enter the Loan Number and click "Proceed."
6. Verify if the mobile number is correct and click "Continue."
7. Enter the 6-digit OTP and click "Verify and Continue."
8. Review your MoneyTap EMI payment details and click "Pay."
9. Choose a preferred payment method, enter the required details and complete the payment.

By following these steps, you can efficiently repay your MoneyTap EMI payment through Shriram Finance.

Why Choose Shriram Finance for MoneyTap Loan Repayment?

Choosing Shriram Finance for MoneyTap loan repayment offers several benefits:

Convenience: Shriram Finance provides a user-friendly and convenient platform for loan repayment, making it easy to manage your financial obligations.

Quick and Easy: The process is streamlined, ensuring a quick and hassle-free loan repayment experience.

Access to Multiple Services: Shriram Finance may offer additional financial services or products, allowing you to conveniently access various financial solutions in one place.

How to Download MoneyTap Loan Repayment Receipts Online?

Shriram Finance offers two convenient options to download your MoneyTap loan repayment receipts online:

New Users: After completing your MoneyTap loan repayment, click on the 'Download Receipt" button.

Existing Users: If you are already a registered user, log in to your Shriram Finance customer portal, visit your profile, and then access "Transaction History." Here, you can easily select the "Download Receipt" option.

Benefits of Using Shriram Finance for MoneyTap Loan Repayment?

When it comes to MoneyTap EMI payments, using Shriram Finance as your platform offers several significant benefits:

Security: Shriram Finance prioritises the security of your financial transactions, ensuring that your EMI payment options for MoneyTap are processed safely and securely.

User-Friendly Interface: The platform offers a user-friendly interface, making it easy for you to navigate and complete your EMI payments with convenience.

All-in-One Platform: Shriram Finance may provide access to a variety of financial services, allowing you to manage your EMI payments for MoneyTap and other financial needs in one place.

Timely Reminders: You can expect timely reminders for the due dates to pay MoneyTap EMIs, helping you stay on top of your payments and avoid late fees.

Reward Points: Earn attractive reward points on your MoneyTap loan prepayment online with Shriram Finance, which can be redeemed against other bill payments.

How Can I Check My MoneyTap Loan Repayment History?

Shriram Finance offers two convenient options to check your MoneyTap loan repayment history:

New Users

• After completing your MoneyTap loan repayment, click on the "View Transaction History" button.
• Sign up using your name, mobile number, e-mail ID, and mPIN.
• You will be redirected to the Shriram Finance customer portal.
• Go to your profile, and then click on "Transaction History" to check your MoneyTap loan repayment history.

Existing Users

• If you are already a registered user, log in to your Shriram Finance customer portal.
• Visit your profile and access "Transaction History" to check your MoneyTap loan repayment history.

List of Payment Methods Available for MoneyTap Loan Repayment on Shriram Finance

Shriram Finance offers convenient online payment options, including debit cards, net banking and much more. For added flexibility, you can also raise collect requests.

What if My MoneyTap Loan Repayment Fails?

If your MoneyTap loan repayment fails, you need not worry. Choose from the below options:

Contact: Reach out to MoneyTap customer support or contact the bank through which you made the transaction. You must confirm the transaction made and resolve the issue of payment failure.

Raise a Request: You can raise a request from the same page using the "Raise a Request" link provided in the receipt. Alternatively, choose from the below options that apply to you and follow the steps mentioned for that option.

• Existing User: If you are an existing user, you can log in to your Shriram Finance customer portal, and visit the "My Profile" section to "Raise a Request."
• New User: If you are a new user, sign up using your name, mobile number, e-mail ID, and mPIN. Thereafter visit the "My Profile" section to "Raise a Request."
• Specific Transaction: To raise a request for a specific transaction, navigate to "Transaction History," choose the specific transaction, click on "Need Help," to provide the necessary details, and click "Submit."

Customer Support: Reach out to our customer support team for assistance, as we can guide you through the troubleshooting process and help you resolve any billing issues.

What Happens if I Do Not Pay My MoneyTap Loan Repayment Bill on Time?

If you do not pay your MoneyTap loan repayment on time, there could be a negative impact on your credit score: Late or missed payments are reported to credit bureaus, which can lower your credit score. A lower credit score can make it more challenging to secure loans or credit in the future and may result in potentially higher interest rates on any credit that you may obtain.

How to Check My Payment Status for MoneyTap Loan Repayment on Shriram Finance?

Shriram Finance offers two convenient options to check your MoneyTap loan repayment status. Choose the one that applies to you and follow the specific steps:

New Users: Click on the “View Transaction History” button after completing your MoneyTap loan EMI payment online, Here, you must enter your name, e-mail address, mobile number, and MPIN to register. After successful registration, you will reach your Shriram Finance customer portal. Having accessed your profile, click on "Transaction History," to examine the status of your most recent loan repayment to MoneyTap.

Existing Users: Go to your profile on the Shriram Finance customer portal, click on "Transaction History," and check the status of your most recent loan repayment to MoneyTap.

Know the Types of Loans Provided By MoneyTap

MoneyTap provides the following types of personal loans:

• Line of Credit: Access funds as needed.
• Educational Loans: Fund your studies.
• Medical Loans: Cover healthcare expenses.
• Travel Loans: Plan your dream vacations.
• Wedding Loans: Finance your special day.
• Home Renovation Loans: Upgrade your house.
• Vehicle Loans: Purchase a car or bike.
• Business Loans: Support entrepreneurial ventures.

How to Calculate MoneyTap Loan Repayment?

To calculate MoneyTap loan repayment, follow the below-mentioned steps:

• Determine the loan amount you borrowed.
• Check the annual interest rate.
• Decide the loan tenure (in months).
• Use a loan EMI calculator or formula to compute the monthly EMI.

Ensure you pay the EMI on time to avoid penalties and complete the repayment according to your agreed schedule.

What Happens if I Miss an EMI Payment on My Loan?

Missing an EMI payment on your loan can lead to below scenarios:

Late Payment Fees: You may incur additional charges or late fees.

Negative Credit Impact: Your credit score may suffer, affecting future borrowing.

Penalty Interest: Higher interest rates might apply to the outstanding balance.

Collection Calls: You will likely receive collection calls and reminders.

Loan Default: Multiple missed payments can lead to loan default.

Download the 'Shriram One' App now

Experience the ultimate convenience of managing all your bills, recharges and bookings on the go. Download the 'Shriram One' App either from the Play Store or the App Store. Simplify your life with hassle-free payments at your fingertips.