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, competitive interest rates, and quick disbursals.

Get Started
email
phone_iphone
location_city
location_city
wallet
  • 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 ₹10,000,000. Benefit from competitive 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

    Instant Approval And Disbursal

    Simple online application with fast approval and disbursement within 24-36 hours
    User-friendly

    User-friendly

    Easy-to-use, convenient & user-friendly application process for a seamless customer journey
    Higher Loan Amount

    Higher Loan Amount

    Select a loan amount that fits your needs, ranging from ₹50,000 to ₹10,00,000
    Longer Loan Tenure

    Longer Loan Tenure

    Enjoy the flexibility of selecting a longer loan term, ranging from 6 months to 60 months, for affordable EMIs
    Minimum documents

    Minimum documents

    We keep it simple by asking only for essential paperwork for all our customized instant personal loan products
    Transparent Process

    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.

    Loading... Please Wait

    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
    %
    Months
    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
    24%-30% (Reducing)
    Platform charge
    Rs. 550 + 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
    Penal interest
    36% p.a.
    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.

    Image

    Personal Loan

    Image

    EMI Free Loan

    Image

    Personal Overdraft

    Image

    Advance Salary

    Image

    House Owner Loan

    Image

    Rental Deposit Loan

    Image

    Holiday Loan

    Image

    Wedding Loan

    Image

    Medical Loan

    Image

    Debt Consolidation Loan

    Image

    Two wheeler loan

    Image

    Electric Two wheeler loan

    Image

    Premium Bike Loan

    Flexible Repayment options

    Final installment options for a loan will be decided based on your profile and inputs.

    Term Loan

    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.
    Apply Now

    Your Instant Personal Loan, Your Way!

    Avail our instant personal loans through your preferred platform and enjoy unmatched convenience at your fingertips…

    Apply Using
    Website
    Apply Using
    Our App
    iOS
    Apply Using
    WhatsApp

    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. Rates usually start at 24% (reducing) 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.