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loan tap personal loan

Here are a few factors

How To Apply
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Mode of Process

Online 

Location 

PAN India

Lending Size and Tenure 

25k-5L (12M to 60 M)

ROI

19%-22%

ROI (Fixed/Reducing)

Fixed

Processing Fees

2%

Foreclosure

As per Policies

Partial Payment Allowance

No

Dealing in Unsecured OD

No

USP
  1. Funding to All Profile whether Employee of Proprietorship firm/Partnership firm or Company
  2. Funding to NGO Employee Also

loan tap personal loan EMI Calculator

Interest Type

Loan Amount

₹

Interest Rate

%

Loan Tenure

Mo
Loan Amount₹100,000
Interest %11 %
Tenure (months)12
Emi (monthly)₹ 8,838
Total Interest₹ 6,058
Loan Amount + Interest₹ 106,058
YearTotal Principal
( A )		Total Interest
( B )		Balance
( A + B)		Total Payment Loan Paid Till Date (%)
₹ 56,997₹ 4,869₹ 61,866₹ 43,00357.00 %
Jun₹ 7,921₹ 917₹ 8,838₹ 92,0797.92 %
Jul₹ 7,994₹ 844₹ 8,838₹ 84,08515.92 %
Aug₹ 8,067₹ 771₹ 8,838₹ 76,01823.98 %
Sep₹ 8,141₹ 697₹ 8,838₹ 67,87732.12 %
Oct₹ 8,216₹ 622₹ 8,838₹ 59,66140.34 %
Nov₹ 8,291₹ 547₹ 8,838₹ 51,37048.63 %
Dec₹ 8,367₹ 471₹ 8,838₹ 43,00357.00 %
₹ 43,000₹ 1,190₹ 44,190₹ 3100.00 %
Jan₹ 8,444₹ 394₹ 8,838₹ 34,55965.44 %
Feb₹ 8,521₹ 317₹ 8,838₹ 26,03873.96 %
Mar₹ 8,599₹ 239₹ 8,838₹ 17,43982.56 %
Apr₹ 8,678₹ 160₹ 8,838₹ 8,76191.24 %
May₹ 8,758₹ 80₹ 8,838₹ 3100.00 %
Work Process

Start with Loan Tap Personal Loan in few steps

01
Visit Our Website

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

02
Select and Apply

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

03
Submit Your Document

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

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, the amount will be disbursed to your account shortly.

Stay Prepared Before Hitting that Apply Button

Required Documents

PAN Card

Aadhaar Card

Driving Licence

Voter ID

Cancel Cheque

Last 3 Month Salary Bank Statement

Last 3 Month Salary Slip

Passport size Photo

Ownership Proof Latest Utility Bil

Apply for Loan

Eligibility Of Instant Loan

The following information illustrates the loan eligibility and disbursal limits

  • The age of the applicant should be between 24 to 56 Year
  • The min. Employment should be 3 months of continuous salary
  • The min. salary of the applicant should be 12K
  • The minimum CIBIL score has to be 675
  • The Applicant must be an Indian Resident


Loan Tap Customer Care

Contact No. :- 1800-102-2192 (Monday to Saturday: 10 AM to 6:30 PM)

Email :- cs.iloan@help.loantap.in 

Hermes Waves | Office No:103 | 
Central Avenue Road 
Kalyani Nagar, Pune:411006

Negative Profile for Laon Tap Personal Loan

A negative list or negative profile is a list of areas of the city where residents would not qualify for credit approval. In India, this has been a relatively new development.

Electricians and Drivers

4th Grade Employee

Gardeners

Mandir/Masjid/Gurudwara/

Church

Company which are in Liquidation or in BIFR

LLP Employee

Let us take an example, How EMI is being calculated

For instance, if "Shubham" applies for a Personal loan of INR 1 Lacs and get the loan sanctioned at the rate of 15 % with a tenure range of 36 Months , in such a case his EMI would be INR 3,467 and complete repayment amount till the end of 36 Months tenure would be INR 1,24,795 (i.e 3,467 EMI * 36 Months), wherein the total interest amount is INR 24,795 along with principal repayment of INR ₹1,24,795 . Few additional charges like those of minimal one-time processing fee upto 2-3% of loan amount may apply. T& C apply.
Year Principal
(A) 		Interest
(B) 		Total Payment
(A + B) 		Balance Loan Paid To Date
2022 ₹ 11,363 ₹ 5,969 ₹ 17,333 ₹ 88,637 11.36%
Aug ₹ 2,217 ₹ 1,250 ₹ 3,467 ₹ 97,783 2.22%
Sep ₹ 2,244 ₹ 1,222 ₹ 3,467 ₹ 95,539 4.46%
Oct ₹ 2,272 ₹ 1,194 ₹ 3,467 ₹ 93,267 6.73%
Nov ₹ 2,301 ₹ 1,166 ₹ 3,467 ₹ 90,966 9.03%
Dec ₹ 2,329 ₹ 1,137 ₹ 3,467 ₹ 88,637 11.36%
2023 ₹ 30,332 ₹ 11,266 ₹ 41,598 ₹ 58,305 41.70%
Jan ₹ 2,359 ₹ 1,108 ₹ 3,467 ₹ 86,278 13.72%
Feb ₹ 2,388 ₹ 1,078 ₹ 3,467 ₹ 83,890 16.11%
Mar ₹ 2,418 ₹ 1,049 ₹ 3,467 ₹ 81,472 18.53%
Apr ₹ 2,448 ₹ 1,018 ₹ 3,467 ₹ 79,024 20.98%
May ₹ 2,479 ₹ 988 ₹ 3,467 ₹ 76,545 23.45%
Jun ₹ 2,510 ₹ 957 ₹ 3,467 ₹ 74,036 25.96%
Jul ₹ 2,541 ₹ 925 ₹ 3,467 ₹ 71,495 28.51%
Aug ₹ 2,573 ₹ 894 ₹ 3,467 ₹ 68,922 31.08%
Sep ₹ 2,605 ₹ 862 ₹ 3,467 ₹ 66,317 33.68%
Oct ₹ 2,638 ₹ 829 ₹ 3,467 ₹ 63,679 36.32%
Nov ₹ 2,671 ₹ 796 ₹ 3,467 ₹ 61,009 38.99%
Dec ₹ 2,704 ₹ 763 ₹ 3,467 ₹ 58,305 41.70%
2024 ₹ 35,208 ₹ 6,390 ₹ 41,598 ₹ 23,097 76.90%
Jan ₹ 2,738 ₹ 729 ₹ 3,467 ₹ 55,567 44.43%
Feb ₹ 2,772 ₹ 695 ₹ 3,467 ₹ 52,795 47.20%
Mar ₹ 2,807 ₹ 660 ₹ 3,467 ₹ 49,988 50.01%
Apr ₹ 2,842 ₹ 625 ₹ 3,467 ₹ 47,147 52.85%
May ₹ 2,877 ₹ 589 ₹ 3,467 ₹ 44,270 55.73%
Jun ₹ 2,913 ₹ 553 ₹ 3,467 ₹ 41,356 58.64%
Jul ₹ 2,950 ₹ 517 ₹ 3,467 ₹ 38,407 61.59%
Aug ₹ 2,986 ₹ 480 ₹ 3,467 ₹ 35,420 64.58%
Sep ₹ 3,024 ₹ 443 ₹ 3,467 ₹ 32,397 67.60%
Oct ₹ 3,062 ₹ 405 ₹ 3,467 ₹ 29,335 70.67%
Nov ₹ 3,100 ₹ 367 ₹ 3,467 ₹ 26,235 73.76%
Dec ₹ 3,139 ₹ 328 ₹ 3,467 ₹ 23,097 76.90%
2025 ₹ 23,097 ₹ 1,169 ₹ 24,266 ₹ 0 100.00%
Jan ₹ 3,178 ₹ 289 ₹ 3,467 ₹ 19,919 80.08%
Feb ₹ 3,218 ₹ 249 ₹ 3,467 ₹ 16,701 83.30%
Mar ₹ 3,258 ₹ 209 ₹ 3,467 ₹ 13,443 86.56%
Apr ₹ 3,298 ₹ 168 ₹ 3,467 ₹ 10,145 89.86%
May ₹ 3,340 ₹ 127 ₹ 3,467 ₹ 6,805 93.19%
Jun ₹ 3,381 ₹ 85 ₹ 3,467 ₹ 3,424 96.58%
Jul ₹ 3,424 ₹ 43 ₹ 3,467 ₹ 0 100.00%
Leave Your Question

FREQUENTLY ASKED QUESTIONS

Loan Tap personal loan is an unsecured loan meant to help customers in urgent need of cash. They assure to disburse the loan within the shortest time span to make sure you fulfill your needs on time.

Currently, Loan Tap is providing its Loan services in Bangalore, Hyderabad, Chennai, Coimbatore, Mumbai, Pune, Ahmedabad, Vadodara, Raipur, Bhopal, Indore, Jaipur, Delhi-NCR, Ajmer, Lucknow, Mysore, Visakhapatnam, Kolkata, Howrah, Bhubaneshwar, Patna, Nagpur, Nashik, Rajkot, Surat, and Chandigarh locations.

Loan Tap has a quick and convenient processing and disbursement policy. However, It generally takes from 24 hours to 36 working hours after the provided documents are checked, and credit checks are in place.

The processing fee for Loan Tap personal loan is 2%+ applicable taxes.

Yes, you can prepay your Loan Tap personal loan facility at any time without incurring foreclosure charges. However, a prepayment fee will be involved if you do so before six months have passed since your loan was disbursed.

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.

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