Comparison

LoanTap vs Monibac

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

Head to head
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

About

Monibac

Access collateral-free loans and earn interest on savings. This app allows users to save, withdraw, and get loans up to 150% of their savings after three months. Enjoy transparent loan terms and repayment reminders.

Highlights
  • Collateral-free loans
  • Earn interest on savings
  • Loans up to 150% of savings
  • Transparent loan terms
  • Monthly repayment reminders
  • Lock savings for interest
Features
Read full description

Monibac is an app where you can save and earn interest on your savings, and easily top up and withdraw to your account. Why Monibac? There are no charges on deposits. You earn interest when you lock your savings. You can easily top up and withdraw to your account. How it works Install the Monibac App from the App Store Register your account Start saving Lock your savings for a specified period of time to earn interest. For example, if you save for 3 months, you get 3% of your savings; for 6 months, you get 5%. Eligibility Above 18 years Lives in Nigeria Contact Us Customer service Email: admin@monibac.com Customer service Hotline: 07060953139 Address: Block A211, Sura Shopping Complex, Lagos Island, Lagos State.

Screenshots

LoanTap4 screens
Monibac4 screens

Verdict

The call

The clearest difference is review sentiment: LoanTap at 65% against Monibac's 18%. LoanTap also leads on rating (3.7 vs 2.8) and update cadence (every 11 days vs every 3 months). Monibac's advantage is ratings volume (87 vs 3). On price, ads, in-app purchases and device support 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, 3.7 against 2.8. That said, the two scores are not equally well evidenced: Monibac has 87 ratings behind it against 3, so its average is the more settled of the two. Written reviews point the same way: 65% of LoanTap's written reviews are positive against 18% of Monibac's.

UpkeepUpdate frequency

LoanTap ships an update every 11 days, Monibac every 3 months. The most recent releases landed on October 8, 2026 and October 22, 2026 respectively.

Scorecard5 real differences · 5 level
LoanTap versus Monibac: the parameters behind the verdict, then further details
ParameterLoanTapMonibac
PriceFreeFree
Rating3.7 (3 ratings) — better2.8 (87 ratings)
Positive reviews65.0% of reviews — better17.9% of reviews
Number of ratings387 — better
Update frequencyEvery 11 days — betterEvery 3 months
AdsNoNo
In-app purchasesNoNo
MonetizationFree — betterFree with in-app purchases
DevicesiPhone, iPodiPhone, iPad, iPod — better
Requires iOS15.1 — better15.5
Further details — not scored
Size76 MB68 MB
Age rating4+17+
DeveloperLoantap Financial Technologies Pvt. Ltd.Prime Zone Limited

Customer experience

LoanTap

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

Monibac

All ratings87 ratings
Positive39.1%
Neutral13.8%
Negative47.1%
Written reviews28 reviews
Positive17.9%
Neutral0.0%
Negative82.1%

In-app purchases

None

LoanTap

No in-app purchases

None

Monibac

No in-app purchases

Questions

Is LoanTap free?
LoanTap is free to download, with no in-app purchases.
Is Monibac free?
Monibac is free to download, with no in-app purchases.
Which has better reviews, LoanTap or Monibac?
LoanTap is rated higher. LoanTap averages 3.7 out of 5 from 3 ratings, while Monibac averages 2.8 from 87 ratings.
Do LoanTap or Monibac have ads?
Neither LoanTap nor Monibac shows ads.
Which is updated more often, LoanTap or Monibac?
LoanTap ships an update every 11 days, and Monibac every 3 months. Most recently, LoanTap was updated on October 8, 2026 and Monibac on October 22, 2026.

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