Not getting the fulfillment you yearn for your work? Want to get closer to the job you’ve always dreamt of doing? If funds are keeping you from moving forward, then apply for MoneyTap’s education loan today and turn your career dreams into a reality right away. Yes! MoneyTap offers a convenient line of credit with multiple advantages like instant access to funds, relatively lower interest rates etc. It also offers paperless processing, hassle-free approval, lesser loan costs, and a credit limit that remains with you for life!
Here’s how working professionals can benefit from the many advantages of using MoneyTap’s line of credit as an education.
Hassle-Free Approval
A hassle-free education loan is one of the major advantages of a line of credit. It does not subject you to any of the hassles accompanying the applying and securing of a traditional education loan! MoneyTap offers a line of credit, which can be used as a loan for education and other miscellaneous expenses through an easy-to-access mobile platform with a user-friendly interface. With only a few taps and within a few minutes you can now get an instant education loan. This, you can enjoy through a line of credit.
No-Usage, No Interest Policy
With a line of credit, you don’t start paying interest until you decide to use it. You need to pay interest only for the funds you withdraw. This is not possible with a regular loan as in that case; you have to pay interest on the entire approved loan amount and not on the amount you actually use. Also, the interest you need to pay on credit line is not tax deductible. This proves to be an important advantage as compared to other types of education
Round-the-Clock Access to Funds
You also get the convenience of transferring a small amount from the approved limit to your bank account. This you can avail in an instant. You can also choose to swipe your MoneyTap card and withdraw all the funds in one go. The user can avail this at any hour of the day or
Zero Prepayment Charges
Made more money at your job this month? Use the surplus funds to prepay your outstanding credit line loan amount without having to pay any extra charges! Unlike traditional personal loans that have prepayment penalties, MoneyTap’s credit line comes with zero prepayment
Freedom to Withdraw Multiple Times
With MoneyTap’s personal credit line, you can withdraw as less as ₹ 3,000 multiple times, if needed. You can also withdraw as much as your entire approved limit permits, in one go. Your credit limit will get recharged instantly when you repay the borrowed amount. Therefore, you can continue making as many withdrawals as you want, provided you repay on
No Collateral Backing Needed
You don’t need to risk your valuable assets or dip into your savings to repay your education loan. With MoneyTap’s personal loan, you can access money anytime, anywhere without needing a guarantor or collateral.
The Right Way to Build a Good Credit History with MoneyTap’s Line of Credit
If you have no prior credit history, you can start working on your credit score by applying for MoneyTap’s credit line and choose a convenient repayment schedule between 3 to 36 months. MoneyTap’s credit line also allows you to convert your card spends into affordable EMIs, helping you make timely repayments and improve your credit health. You can manage your fund transfers and track repayments in real-time on the MoneyTap app.
With MoneyTap’s line of credit, all the control remains at your fingertips – from using it as cash or card to choosing your loan tenure to EMI conversion. You also receive regular notifications for every upcoming payment date, so you never miss out an EMI that is due. But an important thing to remember is that even a credit line is a form of debt which should be repaid within its repayment time limit and as per its terms if you want a good credit score.
So, escape the hassles of a traditional personal loan and fulfill your career dreams with a personal line of credit that gives you the flexibility of paying interest based on funds utilization and not on funds allocation.
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