Comparison

myghpay vs LoanTap

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

myghpay

This app facilitates secure and fast payments for a wide range of goods and services using your mobile money, cards, or bank account. It offers convenient features like remembering favorites and biometric authorization for seamless transactions.

Highlights
  • Mobile money payments
  • Card payments (Visa/Mastercard)
  • Bank account payments
  • Biometric authorization (Face ID, biometrics, PIN)
  • Receipt generation
  • Payment for utilities and subscriptions
  • Money transfers
Features
Read full description

New year, an all-new improved myghpay! With a new look of convenience and modern security, Myghpay has been redesigned to ensure your transactions are faster and more secure! The app has been built with you in mind and allows you to make payments for goods, services or products from your mobile money wallet, Visa / Mastercard (Foreign or Local) or GTBank account anywhere you are in the world! A smarter app which remembers you and your favourite service, people and merchants, you can now authorize payments with face ID, biometrics or PIN and generate receipts on-the-fly! Myghpay is open to the general public. Log on to it by downloading the mobile app or visiting the website Myghpay.com. Among the numerous services and merchants you can make payments for are as follows – • Airtime Purchases • Vodafone Broadband • MTN data bundles • DSTV • GOTV • DSTV Box Office • Surfline • University of Ghana School Fees • Mobile money transfers (Bank-to-wallet; wallet-to-Bank & wallet-to-wallet) • Local Interbank transfers • Databank investments • FirstBanc investments • Ghana Water Company Limited (GWCL) • Electricity Company of Ghana (ECG) • …many more

About

LoanTap

Access fast, flexible personal loans designed for salaried professionals. Choose from various repayment plans to suit your financial needs and get funds quickly with minimal documentation. Apply digitally from anywhere.

Highlights
  • Fast loan disbursal (24 hours)
  • Flexible repayment plans
  • Customized personal loans
  • Minimal documentation
  • Contactless digital application
  • Multiple loan solutions
Features
Read full description

Fast, Flexible, Friendly Loans for Salaried Professionals! Avail LoanTap’s customized personal loans in 24 hours*. You can enjoy flexible repayment plans that are best suited to lower your monthly EMIs Minimum Salary Required = Rs. 30,000/month LoanTap offers personal loans for tenures between 3 months to 60 months. Our loans are both short term and long term with a minimum repayment period of 6 months (for long term loans) post which loan can be closed without any charges! At LoanTap, we give loans between INR 25,000 to INR 10,00,000. Our Interest Rates start from 18% and go up to 30% per annum depending upon products, personal circumstances, credit assessment procedures and other related factors. We charge processing fees at 2%+ applicable taxes; on the gross loan amount sanctioned. Repayment Plans offered by LoanTap - One can avail loans for various purposes like travel, wedding, medical emergency, business expansion, home renovations, purchasing a vehicle or any other financial need. Choose from a variety of personal loans and avail the benefits of Flexible repayment plans such as - Step Up - Interest only payment option for the initial 3 months, followed by fixed EMIs for the remaining tenure. EMI Free - Interest only payment every month coupled with bullet payment towards the Principal every 3/6 months. Reduces your monthly instalment by 40% Term - Repayment done via Fixed equated monthly installments. Each installment reduces both interest and principal amount. Overdraft - Interest only payments on the amount you withdraw from your sanctioned credit limit. Credit Card like facility with No restriction on withdrawals and usage. Note: Final instalment options for a loan will be decided based on your profile and inputs Reasons to download the LoanTap App: 8 reasons why should you choose LoanTap over any other lending app: 1. Lower instalments 2. Fastest turnaround time 3. Flexible repayment plan 4. No foreclosure charges # 5. Higher Loan amount 6. Higher Loan Tenure 7. Minimum documentation 8. One app for all kinds of personal loans What makes LoanTap App the best online personal loan app? 1. Easy registration 2. Easy upload of documents and eKYC 3. eAgreement and Disbursal 4. Trusted customer support Avail a contactless, completely digital personal loan with LoanTap. We simplify the loan process right from registration to disbursal. You can now avail a personal loan from the comfort of your home with the help of the Best Instant loan App. Eligibility Criteria for Loan Application: 1. Individuals with a minimum income of INR 30,000 2. Indian Citizens/Residents who are 21 years & above One App – Multiple Loan Solutions: LoanTap offers unique/flexible Credit products such as EMI Free Loan, Personal Overdraft Loan, Advance Salary Loan, Personal Loan, Wedding Loan, Holiday Loan, Credit Card Takeover Loan, Premium Bike Loan, Rental Deposit Loan, House Owner Loan, Medical loan, Vehicle loan and Short term Credit line. LoanTap’s EMI Free Loan has won “ET Now presents BFSI Most Innovative FinTech product” for the Year, 2019 Cities of Operation: • Ahmedabad • Bangalore • Bhopal • Chandigarh • Chennai • Coimbatore • Delhi NCR • Hyderabad • Indore • Jaipur • Mumbai • Pune • Raipur • Vadodara To apply for a Loan via website – http://loantap.in/apply Security and Privacy Policy: We have a highly secured & encrypted system to ensure safety of information shared by our customers. To read our privacy policy click here: https://loantap.in/privacy-security/ Terms and Conditions: LoanTap offers loans from its in-house RBI registered NBFC, LoanTap Credit Products Private Limited. For more terms and conditions, click at https://loantap.in/terms-of-use/ Please do reach out/write to us on info@loantap.in or call at +91 788 804 0000 for any other information. *: subject to credit checks #: subject to conditions

Screenshots

myghpay4 screens
LoanTap4 screens

Verdict

The call

The clearest difference is update cadence: LoanTap at every 11 days against myghpay's every 8 months. LoanTap also leads on rating (5.0 vs 4.7) and review sentiment (65% vs 45%). myghpay's advantage is ratings volume (325 vs 2). On price, ads, in-app purchases and monetization model there is nothing between them.

Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. Neither carries in-app purchases, so what you see is what you pay.

ReceptionRating · Positive reviews · Number of ratings

LoanTap holds the better App Store score, 5.0 against 4.7. That said, the two scores are not equally well evidenced: myghpay has 325 ratings behind it against 2, so its average is the more settled of the two. Written reviews point the same way: 45% of myghpay's written reviews are positive against 65% of LoanTap's.

UpkeepUpdate frequency

myghpay ships an update every 8 months, LoanTap every 11 days. The most recent releases landed on November 2, 2026 and November 3, 2026 respectively.

Scorecard4 real differences · 6 level
myghpay versus LoanTap: the parameters behind the verdict, then further details
ParametermyghpayLoanTap
PriceFreeFree
Rating4.7 (325 ratings)5.0 (2 ratings) — better
Positive reviews45.5% of reviews65.0% of reviews — better
Number of ratings325 — better2
Update frequencyEvery 8 monthsEvery 11 days — better
AdsNoNo
In-app purchasesNoNo
MonetizationFreeFree
DevicesiPhone, iPad, iPod — betteriPhone, iPod
Requires iOS15.115.1
Further details — not scored
Size46 MB76 MB
Age rating4+4+
DeveloperGUARANTY TRUST BANK GHANA LTDLoantap Financial Technologies Pvt. Ltd.

Customer experience

myghpay

All ratings317 ratings
Positive91.8%
Neutral4.7%
Negative3.5%
Written reviews22 reviews
Positive45.5%
Neutral13.6%
Negative40.9%

LoanTap

All ratings3 ratings
Positive66.7%
Neutral0.0%
Negative33.3%
Written reviews20 reviews
Positive65.0%
Neutral0.0%
Negative35.0%

Bugs and requests

myghpay

Reported bugs

8 issues
  • Transactions stuck on pending for days
  • Deducted money not reflected in account
  • App automatically signs out and invalidates credentials
  • App crashes on opening
  • Updates to wallet payment on app does not reflect on website and vice versa
Show 3 more
  • App only works with GT bank card
  • No Visa debit section for payment
  • Cannot go back after clicking buy airtime

Requested features

3 requests
  • Allow adding back deleted saved numbers sooner than a month
  • Add Visa debit card payment option
  • Fix inability to go back after clicking buy airtime

LoanTap

Not enough reviews yet to summarise bugs or requests.

In-app purchases

None

myghpay

No in-app purchases

None

LoanTap

No in-app purchases

Questions

Is myghpay free?
myghpay is free to download, with no in-app purchases.
Is LoanTap free?
LoanTap is free to download, with no in-app purchases.
Which has better reviews, myghpay or LoanTap?
LoanTap is rated higher. myghpay averages 4.7 out of 5 from 325 ratings, while LoanTap averages 5.0 from 2 ratings.
Do myghpay or LoanTap have ads?
Neither myghpay nor LoanTap shows ads.
Which is updated more often, myghpay or LoanTap?
myghpay ships an update every 8 months, and LoanTap every 11 days. Most recently, myghpay was updated on November 2, 2026 and LoanTap on November 3, 2026.

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