LoanTap - Personal Loan App

RBI-Registered App -

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

Looking for an instant loan? LoanTap’s personal loan app offers fast, secure, and flexible financial solutions at your fingertips. Whether you need money for emergency expenses, debt consolidation, or a major purchase, our loan app has you covered!

Why is LoanTap the best loan app? Whether you're self-employed or salaried, the LoanTap app meets all your immediate financial needs. Our loan app provides loans up to ₹10 lakhs directly into your bank account quickly and securely.

We provide a personalized experience to streamline your finances. With LoanTap, the possibilities are endless.

Features of the LoanTap Instant Personal Loan App

● Higher Loan Amounts: Loans up to ₹10 lakhs

● 100% Online Application: Online process with minimal documentation required

● Diverse Loan Offerings: Personal loans, EMI-free loans, medical loans, and more

● Transparent Process: No hidden charges

Reasons to Choose LoanTap’s Personal Loan App

● Fast Approval: Get loans ranging from ₹50,000 to ₹10 lakhs quickly and securely

● Flexible Repayment: Plans that are tailored to your needs

● User-Friendly Interface: Apply for, track and manage your loan easily 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 offer a diverse range of loans that meet your specific requirements. These include Personal loan, EMI-free loan, Medical loan, Holiday loan, Wedding loan, Rental deposit loan, Home renovation loan, Business loan, MSME loan, Invoice financing and E-Bike loan.

Applying for a Personal Loan Through our App

You can get a quick loan online in just 3 steps:

● Select the loan you want to apply for

● Submit all the required documents and complete the KYC

● Once approved, the funds will be disbursed to your bank account

Details of Personal Loan:

We provide personal loans ranging from ₹50k to ₹10 lakhs. Get interest rates from 16% to 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: ₹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

Documents Required for Instant Personal Loan

● PAN Card

● Aadhaar Card/Driving License/Passport

● Bank Statement (last 6 months)

● Salary Slip (last 3 months)

Eligibility Criteria for Instant Personal Loan

● Minimum income of ₹30,000

● Indian citizens and residents who are at least 23 years old

● Must have filed the latest ITR

Cities where we operate:

We operate across 20 cities in India, including Bangalore, Jaipur, Delhi, Mumbai, Pune. Other cities where we operate - https://loantap.in/marketplace/

Data Security via Online Loan Application

We have a highly secure and encrypted system to guarantee the security of the information shared by our clients. 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 Us

Mobile 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

- Team LoanTap