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Loantap

Loantap Personal Loan

Last Updated 21st Jun 2021

Lowest Interest Rate 12%
Processing Fee 2% on loan amount
Loan Tenure 6 Months - 60 Months
Loan Amount ₹ 50,000 - ₹ 10,00,000
Age 21 - 60 years
  • Loantap Loan is an instant loan that can be availed through Loantap app within 24 hours. These loans are easy loan with no documents and credit history required.
Apply for Personal Loan @ 10.25%* Get upto ₹ 1,000* Cashback

Loantap App

Loantap is a mobile and web-based platform designed to provide instant personal loans with minimal documentation digitally. Driven entirely by technology, the customers can get the credit approved in minutes. Along with instant credit, the application also provides 24*7 customer care services 365 days a year to the customers and offers various products, like cash loans, salary advances, and instant loans making it a popular choice for borrowers. An easy solution to a loan for everyone, getting credit through the Loantap, has the following advantages:

  • The process of loan disbursal is 24-36 hours.
  • The Re-payment mode is flexible.
  • One can avail loan of higher amounts.
  • You can get money in your bank within 24 hours.

Loantap Personal Loan

  • Loantap Personal Loan Interest Rate starts from 12%.
  • Loantap charges a processing fee of 2% on loan amount on personal loan.
  • Loan tenure of Personal Loan ranges from 6 Months to 60 Months.
  • Get a personal loan of ₹ 50,000 to ₹ 10,00,000 from Loantap.

Loantap Interest Rate

Loantap interest rate starts from 12% on personal loan, which is decided based on the income, occupation and credit history of the customer.

Loantap App Download

  • The application can be easily installed by downloading from the play store. To download the application enter your mobile number.
  • An OTP with the downloading link will then be sent to the number.
  • Users can easily install the application by clicking on the link sent on the mobile number.

How does Loantap work?

The process of getting credit through Loantap is quick as the process is entirely online with no physical work. To get a loan through Loantap, one needs to follow the following steps:

  • Checking eligibility: You need to create an account with Loantap to get credit. Once you download the app, you will be required to give some permissions and basic information based on which the app will calculate your eligibility.
  • Filling details: After successfully checking the eligibility criterion, you will need to fill in all the necessary details to get the credit.
  • Providing bank details: You need to submit your bank accounts details for the disbursement of credit to your account.
  • Getting loan: The amount of credit will then be directly transferred to your bank accounts.

Loantap Personal Loan Documents

The disbursement of the loan is fast and requires a minimum of documents as compared to other loans. These are the documents that you need to submit for the loan.

  • Photo Identity proof: PAN Card
  • Permanent address proof: Aadhar card / Voter card / Utility bill / Driving license or Passport
  • Your selfie
  • Latest salary slips

Loantap Customer Care

Loantap has a dedicated customer care support line. If you are not satisfied with the services provided by the application, you can contact on the customer support line.

You can either raise your concern or complaint on customer service email info@loantap.in or can directly reach out to Loantap at 788-804-0000. You can also contact at the registered office address 306, Sangeeta Ramchand (Kartik) CHSL New Link Road 5 Kartik Complex, Opp Laxmi Ind Estate Andheri (W) Mumbai Mumbai City MH 400053 IN of the Loantap.

FAQs

What is the interest rate of Loantap?

Loantap offers affordable and convenient personal loans to salaried employees at an attractive rate of 12%.

What is Eligibility Criteria of Loantap?

To apply for credit from the application, one needs to meet the minimal documents and eligibility criteria. Unlike any other loan, it does not require any credit history to avail of the loan.

  • Age of the borrower: Any Indian citizen who falls in the age bracket of 21 to 60 years can get the credit.
  • Loan Amount: It provides credit in the range of ₹ 50,000 to ₹ 10,00,000.
  • Tenure: The credit is provided for a tenure of 6 Months to 60 Months.
  • Income: To avail credit from Loantap, a citizen must have a regular income of ₹ 30,000.
  • Credit score: Getting credit from Loantap is easy as you don’t require any credit history to avail of the credit.

How do I repay my Loantap loan?

The credit taken through Loantap loan can be repaid through multiple modes like Debit card, UPI, Netbanking, and wallet.

How do I get a loan from Loantap?

The process of getting a loan through Loantap is easy, quick, and affordable. You need to follow these steps to get credit from Loantap.

  • Install the application from the play store.
  • Register yourself via mobile number.
  • Fill in necessary personal details and submit the KYC documents.
  • The application is reviewed online as soon as possible.
  • After reviewing of application, the agreement is signed online, and the loan amount is disbursed.

Which is the best instant personal loan app?

There are various personal loan applications like Cashbean, Kreditbee, Cashe, Loantap, Paysense, and Early salary, which provides instant loans at attractive prices. You can compare the rates of these applications on myloancare.in

Is Loantap a safe site?

The data shared by Loantap is transferred to the lenders with the consent of borrowers over a secure connection.

Does Loantap check the CIBIL score?

No. Loantap provides loans to everyone without any verification of credit history.

How can I get a salary in advance?

Loantap provides salary advances to working professionals for overcoming any financial constraint. It offers advances with a limit of ₹ 50,000 to ₹ 10,00,000 at zero credit history.


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