LoanTap Personal Loan: How to take personal loan from LoanTap?

Are you looking for a loan to cover emergency expenses or for a personal project?LoanTap Personal Loan Could be a great option for you. This article will discuss the features and eligibility requirements of this loan as well as the interest rate and how to apply. We’ll also compare it with other options so you can make an informed decision about which loan best suits your needs.

LoanTap Personal Loan

Rate of interestStarting from 12%
loan amount50,000 to 10,00,000
loan period6 months to 5 years
processing fee2% (of loan amount)
age23 years to 58 years

What is LoanTap?

LoanTap offers personal loans through an online platform, and the loan amount is disbursed through an in-house non-banking financing company (NBFC).

LoanTap Personal Loan

LoanTap offers personal loans ranging from Rs 25,000 to Rs 10 lakh, with a repayment period ranging from 3 months to 5 years.LoanTap Provides many types of loans, includingPersonal Loan, Business Loan, Vehicle Loan etc. is included.LoanTap App You can download it for free from Google Play Store and apply for loan from your smartphone. The process of getting a loan is quite fast and easy.

LoanTap Personal Loan Interest Rates

The interest rate on LoanTap Personal Loan can range between 15% to 24% per annum. This interest rate is determined by the company after considering several factors such as loan amount, income, age, credit score, repayment period, work experience, etc. LoanTap charges a processing fee of 2% of your loan amount.

LoanTap Personal Loan EMI Calculator

If you are looking to take a personal loan, you might be wondering how to calculate your EMI. LoanTap’s Personal Loan EMI Calculator is a quick and easy way to calculate your EMI. You just need to enter your loan amount, interest rate and loan tenure in the calculator below and the calculator will do the rest!

Features and Benefits of LoanTap Personal Loan

Following are the features and benefits of LoanTap Personal Loan:

  • More Loan Amount: Through LoanTap, you can avail a personal loan ranging from Rs 25,000 to Rs 10 lakh, but this loan amount depends on many factors like your income, credit score, occupation, age, employer, work experience etc.
  • Rate of interest: Interest rates for personal loans offered by LoanTap start from 15% per annum. LoanTap determines the interest rate based on multiple factors such as loan amount, income, credit score, personal circumstances, tenure, etc.
  • Repayment Period: The repayment tenure of LoanTap Personal Loan ranges from 3 months to 5 years.
  • No Collateral: LowTap Personal Loan being an unsecured loan, no collateral or third-party guarantor is required.
  • Online Application Process: Since the LoanTap Personal Loan application process is completely online, you do not need to go anywhere, you can apply for the loan sitting at home.
  • Instant Loan: Since the LoanTap Personal Loan application is online, it gets processed and approved in a very short time. Once the personal loan is approved, the loan amount is disbursed to the customer’s active bank account as soon as possible. This entire process is completed in less than 24 hours.
  • Repayment Options: LoanTap offers multiple repayment options to its customers. Borrowers can choose from switch, accelerated and enhancement options for loan repayment.

LoanTap EMI Free Personal Loan

LoanTap is a unique loan offering EMI Free Personal Loan to salaried individuals/professionals in India. Like other personal loans, EMI free personal loans are based on your financial loan eligibility and criteria defined by LoanTap.

In a normal personal loan, the EMI of your personal loan starts from the next month after the loan amount is disbursed in your bank account but in the LoanTap EMI Free Personal Loan, the loan repayment EMI does not start but you have to pay the EMI only on the 7th of every month. Interest has to be paid and not the full EMI.

Features of LoanTap EMI Free Personal Loan

  • Loan amount:The minimum loan amount under this scheme is Rs 2.00 lakh and the maximum loan amount is Rs 10.00 lakh.
  • EMI Free: No EMI will have to be paid on the loan taken from LoanTap.
  • interest payment: Only interest has to be paid on the disbursed loan amount on the 7th of every month.
  • Quick Loan: Loans can be approved and disbursed in less than 24 hours.
  • no foreclosure charges
  • No prepayment fee

LoanTap Personal Loan Eligibility Criteria

To avail a personal loan from LoanTap one must fulfill the following eligibility criteria:

  • age: The age of the applicant should be minimum 23 years and maximum 58 years.
  • employment: The applicant must be a salaried employee or self-employed.
  • Monthly Income: The monthly income of the applicant should be at least Rs 30,000.
  • Total years in job/profession: Applicant must have at least 2 years of work experience.
  • Citizenship: Applicant must be an Indian citizen.

Documents Required for LoanTap Personal Loan

Some of the documents required to apply for LoanTap Personal Loan are given below:

  • PAN card
  • Address proof
  • 3 months salary slip
  • 6 months bank statement of salary account
  • E-Nach Mandate Form

How to apply for LoanTap Personal Loan?

To apply for LoanTap Personal Loan, follow the steps given below:

  • From Google Play Store on your smartphoneLoantap App Download do orofficial website But go.
  • Submit the completed loan application form along with digital copies of the required documents.
  • You can schedule a meeting with the company representative as per your convenience.
  • Signing and handing over the necessary documents to the company representative.
  • Once the loan is approved, the loan amount will be credited to your bank account.

loantap customer care number

For any queries or suggestions, you can contact LoanTap customer care on the number given below.

phone number+91 – 788 804 0000
Head OfficeCorporate Office Hermes Waves, Office No. 103, Central Avenue Road, Kalyaninagar, Pune, Maharashtra – 411006 Registered Office 306, Sangeeta Ramchand (Karthik), CHSL New Link Road, 5 Kartik Complex, Opp Lakshmi Industries, Andheri (West), Mumbai , Maharashtra – 400053, India

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