How it Works
Get flexible loans with unmatched convenience in just 3 simple steps
Customized Personal Loans
Reduced Monthly Outgo
Flexible Repayment Plan
More About Our Loans
LoanTap is an online platform committed to deliver flexible loan products to salaried professionals. We offer Personal Loans for an amount of Rs. 25,000 - Rs. 10,00,000, for tenure ranging from 3 months - 5 years. Our interest rates start from 18% and go upto 30% per annum, based on type of loan, personal circumstances and other related factors.
Example - For a loan of Rs. 1,00,000 & tenure of 60 months, interest applicable is 18% per annum, one is accountable to pay 'only interest' of Rs.1500 for first five months, and the bullet amount of Rs.10,000 + interest would be payable the sixth month. The bullet payment of Rs.10,000 will reduce the principal outstanding thus, interest will be calculated on Rs.90,000 from the following month, further reducing the interest outgo towards the loan