Loan Tap Business Loan

Here are a few factors

Product Rating

( 4.6 /5 )

Total - 377 ratings

Location PAN India
CIBIL Score 650+
Processing Online
Business Vintage 3 Year
Minimum Turnover Minimum ITR 2.50 Lac, No Turnover Criteria
Loan Amount & Tenure 50K-10 Lac
(6 month to 60 month) 
Loan Product Term Loan
Rate of Interest & Type 18% to 24% (Flat)
TAT Sanction-1 Days
Disbursement-7 Days
Processing Fees 3%
Foreclosure Charges After 6 Month-Nil
Applicant Type Only Individual or Proprietorship Firm
Whether Co-Applicant Mandatory No
Proprietor Age/Co-Applicant Age 21 Year-60 Year
Part Payment Allowed No
Whether Ownership Proof Required PAN India Owned Office/Residence can be considered only at working Location
Business Registration Proof Mandatory Yes, ITR will be considered as Registration Proof but Business name must be reflected in ITR
Program ABB Program-5 Lac, SME Loan -2.50 Lac (3.60 Lac ITR needed)
Product for Professionals Yes
Negative Profile No Negative Profile
USP 1. Funding on ITR basis (ITR required 2.5 Lac+)
2. Funding to Partners/Directors
Additional 100% Shareholding required on Loan if applicant is LLP/Partnership firm/Company 

Loan Tap Business Loan EMI Calculator

Interest Type

Loan Amount

Interest Rate


Loan Tenure

Loan Amount100,000
Interest %18 %
Tenure (months)12
Emi (monthly)9,168
Total Interest10,016
Loan Amount + Interest110,016
YearTotal Principal
( A )
Total Interest
( B )
( A + B)
Total Payment Loan Paid Till Date (%)
23,3514,15327,50476,64923.35 %
Oct7,6681,5009,16892,3327.67 %
Nov7,7831,3859,16884,54915.45 %
Dec7,9001,2689,16876,64923.35 %
76,6515,86182,5120100.00 %
Jan8,0181,1509,16868,63131.37 %
Feb8,1391,0299,16860,49239.51 %
Mar8,2619079,16852,23147.77 %
Apr8,3857839,16843,84656.15 %
May8,5106589,16835,33664.66 %
Jun8,6385309,16826,69873.30 %
Jul8,7684009,16817,93082.07 %
Aug8,8992699,1689,03190.97 %
Sep9,0331359,1680100.00 %

Documents required for Loan Tap Bank Business Loan

Let’s look into the eligibilities and required Documentation to make your application process even smoother:

  • KYC of applicant & Co-Applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Copy of GST registration
  • Copy of MSME registration
  • Copy of Last 12 month GST return
  • Sanction letter of all running loan
  • Debt Sheet
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • 2 Reference with contact details
  • Last 3 year Debtors & Creditors on letter head
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

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.

Some Important Points

1. KYC Means If Applicant is
  • Company-MOA, AOA, COI , PAN Card
  • Partnership Firm/LLP- Partnership Deed & PAN Card
  • Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
For Co-Applicant
  • KYC means  Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
  • Company : Directors
  • Partnership firm/LLP : Partners
  • Proprietorship Firm : Spouse of Proprietor
2. If applicant is professional, then his professional degree is required

About Loan Tap Business Loan

Practically now, you have already realised that your business goals need the best financial partner. Introducing LoanTap Business Loans, a customized solution designed to offer your company the finances it needs to thrive and grow. LoanTap is here to help you on your journey, whether you are a small startup with huge goals or a mature company looking to scale.

You can get the financial assistance you need right now with minimal paperwork and a simple application process. So now it depends on you to decide on reasonable interest rates and flexible repayment choices to accommodate your financial needs.

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.
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.

Leave Your Question


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.