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Loan Tap Personal Loan

for you in Just one Click

When you need some extra money, it doesn't really matter if it's to pay an electricity bill or to buy a new refrigerator. You just want money in your account as quickly as possible. You don't need to worry anymore, though, because LoanTap has the best solution for all your financial and emergency needs: Personal Loans. When an unforeseen situation arises and you have limited resources at hand, you might have no option but to take a personal loan. You look for lenders who offer loans with higher amounts and flexible repayment options. Loan Tap understands your emergency and therefore, has structured a process where Personal loans are available a few clicks away.

Here are a few factors about Loan Tap Personal Loan 

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

Negative Profile for Loan 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

 

Eligibility 

Documents Required 

  • The age of the applicant should be between 24 to 56
  • The min. salary of the applicant should be 12k 
  • The min. Employment should be 3 months of continuous salary 
  • The minimum CIBIL score has to be 675

 
  • KYC of Applicant (PAN+Passport Size Photo+Adhar Card)
  • Last 3 Month Salary Bank Statement in PDF
  • Last 3 Month Salary Slip if Salary is received by Cheque
  • Ownership Proof Latest Utility Bill (If rented then rent agreement)
  • Copy of Cancel Cheque of Salary Account or Passbook front page

FAQ

A personal loan is an unsecured loan that you can get from a bank or financial organization to help you meet your financial obligations.

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

Loan Tap Personal Loan by Banks

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