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Money Box Loan App Review 2022 | Personal cash loan App

What is the Money Box loan app? It is surely one of the most asked questions people are shooting right now.

The Money Box loan app has been introduced recently in the country and people are so keen and eager to know more about it.

The application claims to offer instant personal loans to people at low-interest rates and long repayment tenure.

In this expensive world, you may find yourself helpless and stuck in many situations if you are financially backed properly.

In a country like India where the major part is the middle class, the importance of money increases more than ever.

Due to the high costs of products and services in the country, most middle-class people consider it difficult to complete their studies, go abroad for studies, complete a wedding occasion happily, or manage the high expenses of a medical emergency.

To help these people, the government of India along with other private sector banks has started the initiative of personal loans.

On the other hand, the same initiative is going viral on the internet with the introduction of so many applications offering online loans to people at low-interest rates and long repayment tenure.

In this article, we will be going to talk about one such application, the Money Box loan app.

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The app has been launched recently by the Money Box finance team and seems to be quite popular among people in a very short time.

People are so keen and eager to know more about the application, how it works, what it requires, and so much.

We will be answering these questions in the article in detail, so let’s start!

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What is the Money Box loan app?

Money Box is an online application launched recently in the market that offers instant personal loans to people.

Launched recently, the application has crossed 1 lakh downloads on the play store with handsome ratings of 4.6 out of 5.

Money Box loan app has been very popular among people due to its fast loan processing procedures and easy-to-use interface.

The application claims to provide the customers with a high amount of instant personal loans at very low-interest rates and extensive loan repayment tenure.

To download the application on your device, open Google Play Store on your android device and search Money Box in the search box.

You will see the Money Box on probably the first rank in the search results. Click on install to download it.

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Features of Money Box loan app

Money Box loan app provides you with plenty of features that help people get instant personal loans in a very short period, without any hassle.

Below, we have mentioned the major features of the digital platform in detail to give you a clear idea about the app.

1. No paperwork

The application is a digital platform and allows you to complete the loan applying and sanctioning process completely online.

You need not be involved in any kind of paperwork.

It saves both your valuable time as well as your energy.

Also, because of the completely online procedure, you save a lot of money that you would be given to brokers and agents to get your loan approved while taking an offline loan.

2. Instant loan approval

As the complete procedure of the loan- from applying for the loan to getting your loan amount disbursed into your bank account is online, the loan sanctioning process becomes quite fast.

Once your loan application is approved, the loan amount is more likely to get disbursed to your bank account within an hour.

3. Minimal documentation

While applying for an instant personal loan from the Money Box app, you do not need to submit heavy documents for your identity verification.

All you need to do is to submit the simple KYC verified documents to the application to be eligible for the instant personal loan.

4. 24×7 customer support

The application has been so popular among people in such a short period because of its quick and efficient customer support.

The team of professional members of the customer support service is available 24×7 to help you with any issue related to the app and personal loans.

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Money Box loan app instant personal loan eligibility criteria

Money Box has some restrictions and policies under which a person can apply for an instant personal loan from the application.

The eligibility criterion is quite simple but it is worth mentioning.

So we have mentioned the eligibility criteria for getting an instant personal loan from the app below.

  • The applicant must be an Indian citizen aged over 18 years and below 45 years.
  • The applicant must be salaried or self-employed, having a monthly source of income.

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Documents required for getting an instant personal loan

To get an instant personal loan from it, you need not collect credential documents as if you were going on a national mission.

All you need to do is to gather up the simple documents mentioned below and submit them to the application while filling the online form carefully.

Your identity proof:

Including your PAN Card, Your Aadhaar Card, Driving License, etc.

Your address proof:

Including your Voters ID Card, rent agreement, Driving License, Aadhaar Card, etc.

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How to get an instant personal loan from the Money Box loan app?

The process of getting your instant personal loan from the Money Box loan app is quite simple and hassle-free.

As the whole process goes online, you can get your loan application approved within an hour.

All you need to do is just follow the simple steps we have mentioned below.

  • Make sure to have an active internet connection on your device.
  • Open the Google Play Store on your mobile device and search the Money Box loan app in the search bar
  • Install the application from Play Store and open it
  • Opening for the first time, you will need to register yourself to the app.
  • To register yourself to the Money Box loan app, enter your mobile number and then enter the OTP received on the same.
  • After successful registration, you can see the user-friendly interface of the application. Click on the apply option to open the loan application
  • Fill in the loan application properly by entering your name, your address, and by submitting the required documents. After successful filling, click on submit.
  • Your loan application will be sent for approval review.
  • Once your loan amount is approved, you need to E-sign the loan agreement of the app after going through it clearly.

After it, re-log into your account and pass the audit login. If all goes well here, your loan amount will be disbursed to your bank account within an hour.

Also Read: Which bank is best for a personal loan?

Money Box instant personal loan interest rates and charges

As we have mentioned above, the Money Box loan app offers you low-interest rates on your instant personal loan from the app.

Below, we have provided you with clear information about what interest rates do Money Box charge you for your loans.

Also, we will be going through the other types of charges involved in the loan sanctioning process.

1. Interest rates:

Money Box offers you instant personal loans starting from INR 2,000 and a maximum of 1 lakh with long repayment tenure of 180 days. The interest rates charged by the app starts from 16% per annum to 36% per annum.

2. Service charges:

About 5% to 15% of your total loan amount can be deducted as the processing fees charged by the Money Box loan app. However, this seems to be a major negative aspect of the application.

Also, GST will be applicable, but only on the fee components as per the Indian laws.

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Q 1. How much money can I get from the Money Box loan app?

Ans: Starting from INR 2,000, the Money Box loan app offers up to 1 lakh of loan amount with flexible loan repayment tenure.

The app is good for availing of instant personal loans to meet urgent requirements.

Q 2. What type of loan does the Money Box offer?

Ans: Money Box offers instant personal loans to users that are unsecured loans.

An unsecured loan means that there is no collateral required to avail of the loan benefits.

Q 3. What are the Pros and Cons of the Money Box loan app?

Ans: According to your research,


  • Quick loan processing
  • Minimal documentation
  • Reliable customer support team


  • Extra processing charges
  • Not that low-interest rates as claimed by the company
Q 4. What is a credit score?

Ans: A credit score is basically a 3-digit number that reflects your credibility.

You can maintain a good credit history by paying your loans on time without creating any issues.

Q 5. How does my credit score affect my personal loan application?

Ans: Having a good credit score can help you get high loan amounts from banks at lower rates.

Q 6. How to contact Money Box?

Ans: If you are facing any issue regarding the personal loan benefits of the app or want to enquire about some things before taking the loan, you can contact the Money Box loan team through the app.

Q 7. Can I cancel a loan once applied?

Ans: No, It doesn’t allow you to cancel your loan application once submitted.

You need to be sure before applying for the loan benefit.

Q 8. Is the Money Box app trusted?

Ans: Yes, it is аbsоlutely sаfe. It is а trusted lоаn lender.

Q9.  Whаt is а АРK file оf Money Box саsh?

Аns: АРK stаnds аs аn аbbreviаtiоn fоr Аndrоid Расkаge Kit. Аndrоid орerаting system uses its оwn tyрe оf instаllаtiоn fоrmаt, аs like windоws sоftwаres hаve .exe extensiоn.

When yоu dоwnlоаd аn арр frоm Gооgle рlаy stоre, it is dоwnlоаded аnd instаlled in АРK fоrmаt.

Yоu will nоt see the file direсtly when yоu dоwnlоаd it frоm рlаy stоre.

Аt times yоu mаy wаnt tо dоwnlоаd АРK files frоm оther sоurсes direсtly.

Q10.  Whаt аre the аdvаntаges & disаdvаntаges оf dоwnlоаding АРK direсtly оf Money Box?


  1. Yоu саn dоwnlоаd аny versiоn оf the арр direсtly frоm third-раrty websites. They mаy hаve арр аrсhives оf mоst versiоns аnd yоu саn dоwnlоаd the оne yоu mаy need.
  2. Dоwnlоаding is instаnt, unlike рlаy stоre, nо need tо wаit fоr the verifсаtiоn рrосess etс.
  3. Yоu will hаve а АРK file in yоur memоry саrd / system memоry оnсe yоu dоwnlоаd. Sо yоu саn uninstаll аnd re-instаll аs mаny аs times withоut needing tо dоwnlоаd.


  1. Dоwnlоаding аррs frоm third-раrty sоurсes usuаlly аre nоt verified by Gооgle. Sо саn be hаrmful tо yоur рhоne.
  2. АРK files саn hаve viruses thаt will steаl dаtа frоm yоur рhоne оr соrruрt yоur рhоne.
Q11.  Hоw tо instаll ОKсаsh АРK frоm yоur аndrоid рhоne?

Ans: Yоu саn dоwnlоаd Money Box app АРK by сliсking the аbоve buttоn аnd thаt will initiаte а dоwnlоаd.

Оnсe the dоwnlоаd is соmрlete, yоu саn find the АРK in “Dоwnlоаds” seсtiоn in yоur brоwser.

Befоre yоu саn instаll it оn yоur рhоne yоu will need tо mаke sure thаt third-раrty аррs аre аllоwed оn yоur deviсe. Tо enаble this, the steрs аre mоstly similаr tо the belоw.

  1. Орen Menu > Settings > Seсurity > аnd сheсk Unknоwn Sоurсes tо аllоw yоur рhоne tо instаll аррs frоm sоurсes оther thаn the Gооgle Рlаy Stоre.
  2. Оnсe yоu соmрlete the аbоve steр, yоu саn gо tо the “Dоwnlоаds” in yоur brоwser аnd tар the dоwnlоаded АРK file оnсe. It will stаrt tо shоw the instаllаtiоn рrоmрt thаt аsking fоr рermissiоns аnd yоu саn fоllоw the steрs tо instаll it.
  3. Оnсe the instаllаtiоn is соmрlete, yоu саn stаrt using the арр аs yоu nоrmаlly dо.

Final thoughts

In our opinion, Money Box can be a good option if you are looking to get an instant personal loan to meet your emergency requirements.

However, the app hasn’t been backed by the RBI yet which makes us a bit hesitant to state it as a secure app.

Taking low loan amounts from the Money Box loan app can be worth it.

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By Kapil Garg

I am a professional Loan and Insurance advisor with an approved license helping people with my services like Loans, Retirement Planning, Investment Planning.

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