Credit line is better than personal loan: MoneyTap

MoneyTap offers a credit line with multiple benefits over a personal loan. They reserve a sum of money from which customers can instantly borrow, ranging from ₹3,000 to ₹5 lakh. Interest is charged only on the borrowed amount. When the borrowed amount is repaid, credit limit is increased again. Once approved, customers can use the money multiple times without reapplying.