So, How does AfterPay Merchant credit line work?
AfterPay Merchant is a product designed to meet the credit needs of retailers / Partners. It is a short term revolving credit line that offers upfront credit for tenures ranging from 7 to 30 days. LoanTap’s convenient financing option encourages repeat purchases and building customer relationships becomes easy.
Why take AfterPay Merchant credit line from LoanTap?
Instant approval & disbursal
Easy online process for loan sanction and fast disbursal within 24-36 hours
Flexible Repayment Option
Flexibility to choose accelerated repayment option or foreclosure after 6 months of disbursal
Higher Loan Amount
Option to choose from amount ranging from INR 50,000 to INR 2,50,000 basis your requirement
Longer Loan Tenure
Flexibility to choose longer loan tenure from 6 months to 36 months making EMIs more affordable
We collect only what is basic minimum documents for all our custom Business loan products
No hidden charges, No pre-payment charges and secured processes
Basic Eligibility Criteria for availing AfterPay Merchant loans with LoanTap
- Individuals with a minimum monthly income of INR 30,000
- Indian citizens/residents who are 21 years and above
- Individuals must have filled the latest ITR
Basic Documents required for availing AfterPay Merchant loans with LoanTap
- PAN Card
- Aadhaar Card/ Driving License/Passport
- Bank statement of last six months
- Income tax returns of last two years