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Special Purpose Loan
Advance Salary is a short-term loan against your salary, provided to meet some urgent personal needs. The loan amount can be as high as 2.5 times of your Net Salary. LoanTap Provides maximum loan amount under salary Advance Program.
Advance salary loans are available for tenure of 3 months -12 months.Tenure depends on your choice and loan eligibility.
We offer advance salary loans ranging from Rs 25,000-Rs 100000. Final loan amount calculation depends on your income eligibility and credit checks.
In Advance salary, you repay the instalment amount monthly on due dates, as per the agreement signed by you.
Yes, a flat processing fee of Rs 2500 +GST will be applicable on a loan amount up to Rs 50,000 and Rs 5,000+ GST for loan amount higher than Rs 50,000.
Interest Amount paid as a percentage of loan amount and is as low as 5%.
Salaried professionals with salary of Rs 40,000 and above.