Advance Salary

What is Advance Salary 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.
What would be the duration of loan?
Advance salary loans are available for tenure of 3 months -12 months.Tenure depends on your choice and loan eligibility.
What is the minimum/maximum amount that I can get?
We offer advance salary loans ranging from Rs 25,000-Rs 100000. Final loan amount calculation depends on your income eligibility and credit checks.
How can I repay the Loan Amount?
In Advance salary, you repay the instalment amount monthly on due dates, as per the agreement signed by you.
Are there any charges for taking a Advance Salary Loan?
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.
What is the interest outflow applicable on Advance Salary Loan?
Interest Amount paid as a percentage of loan amount and is as low as 5%.
Who is entitled for a Advance Salary Loan?
Salaried professionals with salary of Rs 40,000 and above.

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