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Loan Tap Business Loan

With LoanTap, you can get a personal loan whenever you want. It's a completely insecure platform that doesn't charge any hidden fees or rates.

Loan Tap Business Loan

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Loan Tap Business Loan

Here are a few factors

How To Apply

Product Rating

( 4.6 /5 )

Total - 377 ratings

5 ★

249

4 ★

110

3 ★

2 ★

1 ★

Mode of Process	Online
Lending Size and Tenure	Minimum (In Rs.)- 50000 (2 years) Maximum (In Rs.)- 10,00000 (3 years)
ROI	22% and 24%
ROI (Fixed/Reducing)	Reducing
Processing Fees	1%
Foreclosure	After 6 month 0% PF-2.36%
Age of Client (If Proprietor)	Minimum (In Year)- 23 Maximum (In Year)- 58

Loan Tap Business Loan EMI Calculator

Interest Type

FlatReducing

Loan Amount

₹

Interest Rate

Loan Tenure

YearsMonths

Loan Amount	₹100,000
Interest %	11 %
Tenure (months)	12
Emi (monthly)	₹ 8,838
Total Interest	₹ 6,058
Loan Amount + Interest	₹ 106,058

Year

Total Principal
( A )

Total Interest
( B )

Balance
( A + B)

Total Payment

Loan Paid Till Date (%)

2023

₹ 56,997

₹ 4,869

₹ 61,866

₹ 43,003

57.00 %

Jun	₹ 7,921	₹ 917	₹ 8,838	₹ 92,079	7.92 %
Jul	₹ 7,994	₹ 844	₹ 8,838	₹ 84,085	15.92 %
Aug	₹ 8,067	₹ 771	₹ 8,838	₹ 76,018	23.98 %
Sep	₹ 8,141	₹ 697	₹ 8,838	₹ 67,877	32.12 %
Oct	₹ 8,216	₹ 622	₹ 8,838	₹ 59,661	40.34 %
Nov	₹ 8,291	₹ 547	₹ 8,838	₹ 51,370	48.63 %
Dec	₹ 8,367	₹ 471	₹ 8,838	₹ 43,003	57.00 %

2024

₹ 43,000

₹ 1,190

₹ 44,190

₹ 3

100.00 %

Jan	₹ 8,444	₹ 394	₹ 8,838	₹ 34,559	65.44 %
Feb	₹ 8,521	₹ 317	₹ 8,838	₹ 26,038	73.96 %
Mar	₹ 8,599	₹ 239	₹ 8,838	₹ 17,439	82.56 %
Apr	₹ 8,678	₹ 160	₹ 8,838	₹ 8,761	91.24 %
May	₹ 8,758	₹ 80	₹ 8,838	₹ 3	100.00 %

Here are a few factors about Loan Tap Bank

Through LoanTap's online platform, personal loans are disbursed, and the amount is financed by an NBFC-owned non-banking company (NBFC). While this financing option does not require the borrower to furnish any collateral or third-party guarantor, certain circumstances may compel him to do so. The borrower's income, profession, age, employer, credit score, work experience, etc. all affect the maximum loan amount that LoanTap provides.

Work Process

Save Your Time with a Simple Loan Process

Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Right Documents - Easy Process

Required Documents to Apply for Loan Tap Bank Business Loan

PAN Card

Aadhaar Card

Driving Licence

Voter ID

Passport

Registered rent agreement

Current passport size photograph

Salaried income documents

Self Employed person documents

Note : Loan Tap Bank Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.

Eligibility

The age of eligibility is a minimum of 23 years old and a maximum of 58 years old.
The customer's monthly net income should be Rs.30,000.
You must have worked for 2 years or more.

Documents Required

Your KYC documents, such as proof of address, GST Registration Certificate (if applicable), PAN Card, and other registration certificates if applicable.
For income documents, such as utility bills, rent agreements, etc., KYC data of your partner, director, or proprietor is required.
The last two years' Balance Sheet and Profit/Loss Statement.
A bank account statement for the last six months is required.

FREQUENTLY ASKED QUESTIONS

With LoanTap, you can get a personal loan whenever you want. It's a completely insecure platform that doesn't charge any hidden fees or rates.

An amount of Rs. 15,000 usually comprises a low-income borrower group. An instant personal loan app with a 1.5-lakh maximum approval amount can be obtained by someone with a starting salary of Rs. 15,000.

A EMI-free loan is one that requires you to pay only the interest on the total loan amount every month and the principal may be repaid in one or more consecutive monthly installments.

It usually takes 8-24 hours to complete the credit valuation.

The eligibility age group for getting a loan tap business loan is a minimum of 23 years old and a maximum of 58 years old.

Refer Loan is a Phy-zital Fintech that connects Lenders and Borrowers digitally as well physically. It provides a Financial Bouquet to the users with multiple Financial solutions. Its AI-based detailed comparison enables users to find the best financial product from the best financial institutions.

Loan Tap Business Loan

Salary Required : ₹ 30,000 per month

Rate of Interest : 22% and 24%

Loan Tenure : 36 month

Processing Fee : 1%

Loan Tap Business Loan

Here are a few factors

Product Rating

Loan Tap Business Loan EMI Calculator

Interest Type

Loan Amount

Interest Rate

Loan Tenure

Here are a few factors about Loan Tap Bank

Save Your Time with a Simple Loan Process

Visit Our Website

Select and Apply

Submit Your Document

Enjoy Your Financial Freedom!

Required Documents to Apply for Loan Tap Bank Business Loan

Eligibility

The age of eligibility is a minimum of 23 years old and a maximum of 58 years old.

The customer's monthly net income should be Rs.30,000.

You must have worked for 2 years or more.

Documents Required

Your KYC documents, such as proof of address, GST Registration Certificate (if applicable), PAN Card, and other registration certificates if applicable.

For income documents, such as utility bills, rent agreements, etc., KYC data of your partner, director, or proprietor is required.

The last two years' Balance Sheet and Profit/Loss Statement.

A bank account statement for the last six months is required.

FREQUENTLY ASKED QUESTIONS

Loan Tap Business Loan

Salary Required : ₹ 30,000 per month

Rate of Interest : 22% and 24%

Loan Tenure : 36 month

Processing Fee : 1%

Loan Tap Business Loan

Here are a few factors

Product Rating

Loan Tap Business Loan EMI Calculator

Interest Type

Loan Amount

Interest Rate

Loan Tenure

Here are a few factors about Loan Tap Bank

Save Your Time with a Simple Loan Process

Visit Our Website

Select and Apply

Submit Your Document

Enjoy Your Financial Freedom!

Required Documents to Apply for Loan Tap Bank Business Loan

Eligibility

The age of eligibility is a minimum of 23 years old and a maximum of 58 years old.

The customer's monthly net income should be Rs.30,000.

You must have worked for 2 years or more.

Documents Required

Your KYC documents, such as proof of address, GST Registration Certificate (if applicable), PAN Card, and other registration certificates if applicable.

For income documents, such as utility bills, rent agreements, etc., KYC data of your partner, director, or proprietor is required.

The last two years' Balance Sheet and Profit/Loss Statement.

A bank account statement for the last six months is required.

FREQUENTLY ASKED QUESTIONS

Is LoanTap safe or not?

How much financial help can I get if my salary is 15000?

What do you mean by EMI free loan?

How much time does LoanTap takes to perform the credit valuation?

What is the age requirement for getting a loan tap business loan?