Experience seamless online personal loans with LoanTap’s team that uses cutting edge technology to deliver fastest loans online.
LoanTap offers EMI based loan at consumer friendly terms and through transparent process. Get one of the lowest EMIs in the industry with nil charges on prepayment.
You can also convert to EMI Free Loan with nominal charges, anytime during the loan tenure. Personal loan from LoanTap 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 & Long Tenure:
LoanTap offers Personal Loan between Rs 50,000 to Rs 10 Lakh. However, the final loan amount is decided basis one’s eligibility and credit checks.
The loan tenure is from 6 months to 5 Years. Our loans are long term with a minimum repayment period of 6 months, post which foreclosure can be done without any additional charges.
Interest Rates & Other Features:
Avail quick Personal Loan at as low an interest rate as 1.5% per month, which translates to 18% APR.
Example - For a loan of Rs.1,00,000 & tenure of 60 months, interest applicable is 18% per annum, one is accountable to pay 'only interest' of Rs.1500 for first five months, and the bullet amount of Rs.10,000 + interest would be payable the sixth month. The bullet payment of Rs.10,000 will reduce the principal outstanding thus, interest will be calculated on Rs.90,000 from the following month, further reducing the interest outgo towards the loan.
Our loan’s other features:
- Fast disbursal
- Low instalment
- No prepayment or foreclosure charges after 6 months