Instant Personal Loan
Get Instant Personal Loans within 24 hours*
Apply for an instant loan and get access to funds up to ₹10 lakh at low interest rates. With our instant personal loans, you can address urgent needs without having to wait for funds.
Best Lending Fintech
Bharat Fintech Summit ’24
85,000+
Happy Customers
2,000Cr+
Loan amount disbursed
4.5M+
App Installs
Instant Personal Loan
Urgent financial needs can arise at any moment, and having the right financial support can be of significant help. Our instant loan is the right fit for any pressing financial need you may have, be it a medical emergency, last-minute home repairs, or a sudden financial shortfall. We offer loans up to ₹10 lakh at low interest rates with repayment up to 60 months.
How can our Instant Personal Loans help you?
Our instant personal loans are useful in multiple situations and help borrowers get access to funds without delay.
Instant Loan for Medical Emergency
Medical emergencies can arise without a warning, making it important to have the required financial support. Our instant personal loans can be used to cover urgent medical expenses such as hospitalization or surgery, and is also helpful in situations like unavailability of cashless claims, shortfall in insurance cover, etc.
Instant Loan for Relocation
The possibility of having to relocate to another city can arise suddenly, and usually comes with multiple expenses, such as booking packers & movers, temporary housing, paying rental deposit, etc. Our instant loan can be used to cover all these expenses.
Instant Loan for Shortfall of Funds
At times, when you face an unexpected financial crunch but have multiple expenses, our instant loan can make a difference. The quick disbursal, combined with low interest rates, makes our loan very helpful when waiting isn’t an option.
Instant Loan for Home Repairs
Sometimes, you may need to repair your home urgently, whether it’s leaky walls, roof repair, damage due to external factors, or in case you go over your planned budget, you can apply for instant personal loan with LoanTap.
Features of LoanTap’s Online Instant Personal Loan
Instant personal loans are an ideal solution for those in urgent need of funds. Here’s why you should choose insta personal loans from LoanTap.
Quick Approval And Disbursal
We disburse loans within 24 hours* so you can address urgent financial needs without having to wait
100% Digital Application Process
You can apply for our instant loan online through our user-friendly application process, enabling a pleasant customer experience
High Loan Amount
We offer insta personal loan between ₹50,000 and ₹10,00,000, allowing you to select an amount that best fits your needs
Longer Loan Tenure
Our repayment tenures range from 6 months to 60 months, so you can choose what best fits your financial situation without the additional stress
Minimum Document Requirement
We only ask for your KYC details, Bank statement, and the latest Salary slip, so you don’t have to worry about paperwork and can focus on what’s important
Transparent Process
Our transparent & secure process comes with no prepayment penalty after 6 months of disbursal and no hidden charges whatsoever
How to Apply for Instant Personal Loan with LoanTap?
You can apply for an instant personal loan online through our website or mobile app.
Basic Information
Start the application by filling your basic information, employment and income details.
Documents & KYC
Upload the required documents and complete the KYC process.
Submit Application
Submit your application, and our team will review it. Once approved, you will receive the funds directly into your bank account.
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.
Basic Eligibility Criteria for Instant Personal Loan
- Individuals with a minimum monthly income of ₹30,000
- Indian citizens and residents who are at least 23 years old
Ready to Start Your Application?
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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.
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FAQs
LoanTap offers instant personal loans ranging between ₹50,000 and ₹10 lakh. However, the final loan amount will depend on factors like your income, credit score, and debt-to-income ratio.
To be eligible for an insta personal loan with LoanTap, borrowers must be at least 23 years of age, an Indian citizen and resident and have a minimum credit score of 700.
Interest rates on instant loans vary by lender and are influenced by the individual’s credit profile and factors like credit score, credit history, job stability, income, etc. LoanTap offers instant loans at interest rates up to 26%.
The application process for our instant personal loan online is quick and straightforward. Fill out the application through our website or app with your personal, income, and employment details, upload the required documents, complete KYC and you’re all set.
Yes, LoanTap provides instant personal loan for self-employed individuals as well, 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.
Yes, you have the flexibility to make part-prepayments or foreclose your loan free of charge if you do so after 6 months of loan disbursal. However, a nominal fee of 4% will be charged for part-prepayment or foreclosure within the first 6 months.
Instant personal loans can prove useful in multiple situations, such as medical emergencies, unexpected relocation, shortfall of funds or home repairs.
We charge a nominal processing fee of 2-3% on the gross loan amount sanctioned, plus applicable taxes.
