House Owner Loan:
LoanTap offers House Owner Loan to those who need money for anything pertaining to their house- home renovation, interior work, etc.
In this loan, customer pays interest amount every month and in every 6 months a bullet amount needs to be paid towards outstanding principal amount. Interest amount is revised post bullet payment of principal amount. Overall monthly outflow is lower by 40% as compared to regular personal loan EMI.
House Owner Loan is an unsecured loan and doesn’t require collateral as security except under special circumstances. LoanTap disburses loans from its in-house RBI registered NBFC.
High Loan Amount & Flexible Tenure:
LoanTap offers House Owner Loan between Rs 1 Lakh to Rs 10 Lakh. However, the final loan amount is decided basis one’s eligibility and credit checks.
House Owner Loan is available up to 5 years for salaried professionals and 3 years for self-employed.
Cities, Interest Rates & Other Features:
House Owner Loan is available in Pune, Mumbai and Bangalore. Avail House Owner Loan at as low an interest rate as 1.5% per month, which translates to 18% APR. Our loan’s other features:
- Fast disbursal
- Low instalment
- No prepayment or foreclosure charges after 6 months