LoanTap - Personal Loan

LoanTap offers reliable loans through its own Non-Banking Financial Company (NBFC), LoanTap Credit Products Private Limited, which is a registered NBFC with the Reserve Bank of India (RBI).

User Testimonial

"User-friendly and easy to navigate app. All options are detailed and clear. Easy way to apply for a loan for day-to-day use." - Saurabh Gupta

Why LoanTap?

If you’re looking for an instant loan, LoanTap’s personal loan app delivers fast, secure, and flexible financial solutions right to your fingertips. Whether you need funds for emergency expenses, debt consolidation, or significant purchases, our app has got you covered.

Advantages of LoanTap

Whether you are self-employed or salaried, the LoanTap app addresses all your immediate financial needs. We provide loans up to ₹10 lakhs, directly deposited into your bank account quickly and securely. Our personalized experience helps streamline your finances, making the possibilities with LoanTap endless.

Features of the LoanTap Instant Personal Loan App

• Higher Loan Amounts: Loans up to ₹10 lakhs.
• 100% Online Application: A fully online process with minimal documentation.
• Diverse Loan Offerings: Including personal loans, EMI-free loans, medical loans, and more.
• Transparent Process: No hidden charges.

Reasons to Choose LoanTap’s Personal Loan App

• Fast Approval: Obtain loans ranging from ₹50,000 to ₹10 lakhs quickly and securely.
• Flexible Repayment: Plans tailored to your needs.
• User-Friendly Interface: Easily apply for, track, and manage your loan from your phone.
• Trusted by Millions: Join over a million satisfied users who have gained financial freedom with LoanTap’s instant loan app.

Types of Loan Offerings

We provide a diverse range of loans to meet specific requirements, including:

• Personal Loan
• EMI-free Loan
• Medical Loan
• Holiday Loan
• Wedding Loan
• Rental Deposit Loan
• Home Renovation Loan
• Business Loan
• MSME Loan
• Invoice Financing
• E-Bike Loan

How to Apply for a Personal Loan Through Our App

Get a quick loan online in just three steps:

1. Select the Loan: Choose the loan you want to apply for.
2. Submit Documents: Provide all required documents and complete the Know Your Customer (KYC) process.
3. Receive Funds: Once approved, the funds will be disbursed directly to your bank account.

Details of Personal Loans

Loan amounts range from ₹50,000 to ₹10 lakhs, with interest rates varying between 16% and 24%, depending on the type of loan.

• Minimum Tenure: 6 months
• Maximum Tenure: 60 months
• Maximum Annual Percentage Rate (APR): 29%

Example: Personal Loan for Salaried Individuals

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

Required Documents for Instant Personal Loan

• PAN Card
• Aadhaar Card/Driving License/Passport
• Bank Statement (last 6 months)
• Salary Slip (last 3 months)

Eligibility Criteria

• Minimum income of ₹30,000.
• Indian citizens and residents aged at least 23 years.
• Must have filed the latest Income Tax Return (ITR).

Cities of Operation

LoanTap operates across 20 cities in India, including Bangalore, Jaipur, Delhi, Mumbai, and Pune. For a complete list of cities, visit our marketplace.

Data Security

We employ highly secure and encrypted systems to ensure the protection of the information shared by our clients. To learn more about our privacy practices, read our privacy policy.

Terms & Conditions

LoanTap provides loans through LoanTap Credit Products Private Limited, a registered NBFC with RBI. For detailed terms, visit our terms of use.

Team LoanTap

Experience the ease of securing a loan with LoanTap. Download the app today and enjoy fast, secure, and flexible financial solutions at your convenience.