MoneyTap, a Bangalore based startup is set to redefine money lending in India. It is an app based credit line that is extended to the customers. MoneyTap users can get a credit of up to 5 lakhs with low and flexible interest rate. Just like in credit card, MoneyTap users to have credit limit. From this limit, users can take money as per their need and pay in easy month installments. So here is how it works.