Instant Personal Loan
Instant Personal Loans up to ₹10 lakh
LoanTap is the key to fast and flexible financial solutions. Get an instant personal loan with minimal paperwork, low interest rates, and quick disbursals.
Instant Personal Loan Online
At LoanTap, we understand that financial needs can arise anytime, and sometimes all you need is a little support. Whether you need to cover emergency medical expenses, consolidate debt, or simply meet unforeseen urgent expenses, an instant loan can be your go-to solution.
We believe that every individual’s financial needs are unique. That’s why our instant personal loans are designed to offer flexibility, ease, and peace of mind so you can focus on what matters most.
Moreover, you can experience the convenience of our instant personal loan online application process and secure an instant loan of up to ₹10,00,000. Benefit from low interest rates and flexible repayment terms of up to 60 months.
Why put your dreams on hold? Take a step forward and apply for an instant personal loan online with LoanTap!
How does LoanTap’s Instant Personal Loan work?
To get an insta personal loan online, submit your application along with the required documents. Once your loan application is reviewed and approved, the loan amount will be transferred to your account directly. You will have to repay the loan in fixed monthly installments with interest over a period of 6 months to 60 months.
Key Features of Our Instant Personal Loans
Here are some of the features of our instant personal loans that help borrowers experience convenience and flexibility.
Unrestricted Use
Insta personal loans are a versatile financial solution, allowing borrowers to use the funds as needed, whether it’s for personal expenses, debt consolidation, or unforeseen circumstances.
Swift Disbursal
An online instant personal loan offers quick fund disbursement through a simple application process with minimal paperwork, making it an ideal solution for urgent financial needs.
No Collateral Needed
Our instant personal loans are collateral-free, which means you don’t need to pledge any asset as security, such as your car, house, or other valuable assets. This makes instant loans more accessible to a broader group of people, especially those who may not have substantial assets to offer.
Flexible Tenure
Borrowers can enjoy the flexibility of choosing a repayment period that fits their budget. This feature allows for personalized financial planning, making debt repayment easier and more manageable.
Fixed Interest Rates
LoanTap’s instant personal loans offer a fixed interest rate, ensuring predictable monthly payments. This consistency helps borrowers manage their finances more effectively, making budgeting and financial planning easier throughout the loan term.
Steps to Apply for LoanTap Instant Personal Loan Online
LoanTap provides hassle-free instant personal loans with minimal documentation. Here is how you can apply for an instant loan online through LoanTap:
1
Online Application
Simply visit our official website or app and complete the application form. Provide your basic information, income details, employment status, and contact information. Don’t forget to upload all the necessary documents.
2
e-KYC and Verification
Next, you’ll need to enter your date of birth and PAN card number. Before submitting the application, be sure to review the full terms and conditions. Once your application form and documents are submitted, we’ll proceed with verifying the information.
3
Fund Transfer
Once your information is verified, you’ll need to sign the e-agreement. The loan amount will be credited to your bank account within 24 hours to 36 hours.
Reasons to Choose Online Instant Personal Loan from LoanTap
Instant personal loans are an ideal solution for those in urgent need of funds. Here’s why you must choose LoanTap’s insta personal loans:
Instant Approval And Disbursal
Simple online application with fast approval and disbursement within 24-36 hours
User-friendly
Easy-to-use, convenient & user-friendly application process for a seamless customer journey
Higher Loan Amount
Select a loan amount that fits your needs, ranging from ₹50,000 to ₹10,00,000
Longer Loan Tenure
Enjoy the flexibility of selecting a longer loan term, ranging from 6 months to 60 months, for affordable EMIs
Minimum documents
We keep it simple by asking only for essential paperwork for all our customized instant personal loan products
Transparent Process
No hidden charges, no prepayment penalties after 6 months of disbursal, and secured processes
Basic Eligibility Criteria For Instant Personal Loan
- Individuals with a minimum income of ₹30,000
- Indian citizens and residents who are at least 23 years old
- Individuals must have filed the latest ITR
Basic Documents Required for Instant Personal Loan
- PAN Card
- Aadhaar Card/Driving License/Passport
- Bank Statement of the last 6 months
What Our
Customers Say
We continuously strive to provide a
Seamless experience to our customers…
The service provided by Loan Tap is great, everything is seamless and very convenient. Its one of the very best experiences, I’ve had with any loan provider.
You are doing an awesome work as team. Faster service with immediate response is quite amazing. Will recommend to everyone in need, faster documents processing …….Keep up the good work
This is truly awesome service. Associates are very friendly and providing efficient service on time. After documents pickup, within 24 hours net amount was disbursed and that’s what I call efforts reducing service. Thank you LoanTap Team.
Awesome and superfast Service.I have never come across so polite, professional and fast service providers for Loan. I have taken a personal loan and was disbursed within 3-4 hours in my bank account. This was just a superb feeling. Thank you so much LoanTap for a wonderful experience.
Excellent service from all team members. All are supportive. Its different from others NBFCs. Now and in future, LoanTap is my first choice for financial needs.
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EMI Calculator
You can calculate your monthly loan payment (EMI) in just 3 easy steps! Drag the sliders to adjust your loan amount, interest rate, and loan term. See how these factors impact your EMI and understand your loan affordability clearly.
Calculate your EMI
Breakup of Total payment
Instant Personal Loan Details
Below are the fees and charges for LoanTap instant personal loans.
Type of fee
Applicable charges
Rate of interest
up to 26% p.a.
Platform charge
Rs. 750 + GST
Processing fee
2-3% + GST
Bounce charges
Rs. 550
Pre-payment charges
4% + GST if foreclosed before payment of 6 EMIs from the date of disbursement
Broken period interest / Pre EMI-interest
Depends on date of disbursement
Instant Personal Loan Product Suite
No matter what your requirement is, use LoanTap’s Instant Personal loan to fulfil all your needs.
Flexible Repayment options
Final installment options for a loan will be decided based on your profile and inputs.
Term Loan
Repayment done via Fixed Equated Monthly Installments, where EMI=Principal + Interest.
Each Installment reduces both interest and Principal amount.
Ideal when: You know the precise Loan Amount needed and your income is consistent.
Your Instant Personal Loan, Your Way!
Avail our instant personal loans through your preferred platform and enjoy unmatched convenience at your fingertips…
FAQs
The loan amount depends on factors like your income, credit score, and debt-to-income ratio. LoanTap offers instant personal loans starting from ₹50,000 to ₹10 lakh.
Interest rates on instant loans vary by lender and individual credit profile and are influenced by factors like credit score, credit history, job stability, income, etc.
To apply for an instant loan online, choose a trustworthy lender, fill out the application, scan and upload the necessary documents, and complete your KYC.
Yes, self-employed individuals can also apply for instant personal loans, provided they meet the income and other eligibility requirements.
Generally, to be eligible for an instant personal loan, you must have a minimum credit score of 700. However, some lenders may approve loans for lower scores at higher interest rates.
