LoanTap

LoanTap is an instant personal loan app for working professionals.

Use LoanTap to get a personal loan ranging from Rs. 50,000 to Rs. 10,00,000 quickly. Our paperwork is minimal and we don’t need any collateral. We also offer flexible repayment options.

Minimum salary of Rs. 30,000 is required to be eligible for a personal loan.

Our app is designed to provide you a smooth application experience. We then process the application quickly and disburse the loan amount. It is as simple as that.

Services We Offer
LoanTap is an instant loan app that provides a variety of services to its users. These services include:

● Personal Loan
● EMI Free Loan
● House Owner Loan
● Rental Deposit Loan
● Holiday Loan
● Marriage Loan
● Credit Card Takeover Loan
● Two-Wheeler Loan
● Medical Loan
● Personal Overdraft Loan
● Advance Salary Loan
● Premium Bike Loan
● Electric Two-Wheeler Loan
● Working Capital Loan
● After Pay Merchant

Advantages Of LoanTap

● Customised Personal Loan -Instant offer, prompt disbursal, and selection of personalised, flexible personal loans
● Secure Data System - We keep your information encrypted and safe.
● Instant Approval And Disbursal - Simple online loan sanctioning process; prompt disbursement in 24-36 hours
● User-Friendly - Easy to use, handy, and user-friendly for a smooth client experience
● Transparent Process - No additional fees for foreclosure, no unforeseen costs, and strong customer support
● Flexible Repayment Options - Option for accelerated repayment of the outstanding principal
● Minimum Documentation - You only have to provide the basic minimum documents for all our personal loan product

Details Of Personal Loan
Loan Tap provides personal loans ranging from INR 50,000 to INR 10,00,000 based on your requirement. Loan Tap offers 16% to 24% interest rates depending on the type of loan.
● Minimum Tenure : 12 months
● Maximum Tenure : 60 months
● Maximum Annual Percentage Rate (APR) : 29%

Example:
Loan Amount: ₹1,00,000
Tenure: 36 months
Interest Rate: @18%* (reducing basis)
EMI: ₹3,615
Total Interest Payable: ₹3,615 x 36 months - ₹1,00,000 Principal = ₹30,140
Processing fee (@ 2%) = ₹2,000 + GST = ₹2,360
Disbursed Amount: ₹1,00,000 - ₹2,360 = ₹97,640
Total Amount Payable: ₹3,615 x 36 months = ₹1,30,140
Total Cost of the Loan = Interest Amount + Processing Fees = ₹30,140 + ₹2,360 = ₹32,500

Eligibility/Document Required

● Individuals with a minimum monthly income of Rs. 30,000.
● Indian residents/citizens who are 21 years and above
● To apply for the loan applicants would need pan cards, salary slips (for the last 3 months), salary account bank statement (3/6 months) and address proof.

How To Apply For Loan Via LoanTap

To apply for a loan via loan tap follow the below procedure.

● Download the app via the play store and app store
● Sign in using credentials
● Select the loan you want to apply for
● Submit all the required documents and complete the KYC formalities
● After all the documents are approved the funds will be disbursed to the bank account.

Cities where we operate

LoanTap is operational in the following cities:

● Ahmedabad
● Bangalore
● Bhopal
● Chandigarh
● Chennai
● Jaipur
● Coimbatore
● Delhi/NCR
● Hyderabad
● Howrah
● Indore
● Kolkata
● Lucknow
● Mumbai
● Navi Mumbai
● Nagpur
● Nashik
● Pune
● Raipur
● Vadodara

Security And Privacy Policy
To guarantee the security of the information shared by our clients, we have a highly secure and encrypted system. To read our privacy policy click here:https://loantap.in/privacy-policy/

Terms & Conditions
LoanTap provides loans through its own NBFC, LoanTap Credit Products Private Limited, which is registered with the RBI. Visit https://loantap.in/terms-of-use/

Contact Information

● Contact Number:- +91-7888040000
● Official Mail ID:- info@loantap.in
● Official Website:- https://loantap.in/
● Registered & Corporate Office Address:- Hermes Waves, Office No-103, Central Avenue Road Kalyani Nagar, Pune:411006