LoanTap in News

An innovative way to provide loans

Featured In: Scroll.in

In the last two years, customers have gradually shifted in taking loans from banks to online lending firms. In comparison to banks which rely on traditional data to decide whether or not to give loans these firms follow algorithms which collect personal, professional and other financial information. The factors which are assessed include social media profiles, bill payments, geographical locations, lifestyle, internet use, etc. However, it is also important to understand whether the client would be able to repay the …  

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Credit card usage affecting your finances

Featured In: Business Standard

Credit card usage has definitely increased over the years and we Indians are also not averse to the same. But most people who are still fighting with their finances find it difficult to pay the whole amount of the credit card purchase. In such a situation every month they just pay the minimum balance due which actually makes them pay more in the end.

To solve this issue a Fintech player Loantap.in has launched a special credit card takeover …  

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Fintech firm to make your Honeymoon arrangements easy

Featured In: OutlookIndia.com

Marriage is an important part of our lives, and so is the honeymoon. Since it is just once in a lifetime opportunity, couples want to make it special. A reliable fintech firm can help you in realizing your dream. Loantap.in offers you an innovative loan plan where you can pay interest only payments in the first three months followed by fixed EMI installments.

Guaranteed to make your honeymoon stress free Loan tap gives you the chance to customize the …  

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Demonetization impact on digital payments and Fintech firms

Featured In: DNA.in

Demonetization was a unique attempt by the government to bring the black money hoarders on board. However, it also saw the fast growth of digital payment platforms as people compensated the shortage of cash by adopting these cashless modes. Apart from Paytm another online payment player Mobikwik grew its business and widened its customer base to nearly 260 million. This also paved the way for online lending firms like Loan tap whose CEO and Co-founder Satyam Kumar feels that …  

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Fintech platform as a boon during Demonetization

While demonetization was a bold step on the part of the Indian government it definitely provided a boost to the online payment model in India. Here is a company which benefitted the most from the impact of demonetization.

A fintech platform Loan tap uses technology to provide customized financial solutions to its users. When people were starved for cash and needed it desperately, Loantap through its easily available packages provided assistance. These fintech firm not only ease the loan process …  

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Lending companies handle credit business with caution

Featured In: Livemint.com

When banks became wary of providing loans easily the spurt of Lending start-ups solved a lot of problems for first-time borrowers. These start-ups provide loans for varied matters like credit card bills, medical bills, purchase of expensive items, etc. Traditional banks relied on CIBIL score and the past credit history of users before giving them any loans. However, the modern age lending firms analyze a person’s data including social media history to know more about his …  

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Internet boom helps Fintech Players gain

Featured In: Outlook india

Internet usage has become widespread, and hence everyone wants to cash in on the advantage. Fintech industry has also seen a boom, and the following players have somehow revolutionized the way consumers look for financial solutions.

We mention Loan Tap here as it is one of those lending players who has used technology to understand the needs of the consumers. A fintech platform with a difference Loan tap provides loans to salaried professionals. Coming with a vast portfolio of products …  

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How Fintech companies are making marriage arrangements easier

A wedding requires abundant funds to be available at hand. Some firms these days have taken the initiative of providing easy loans to people so that the fun does not stop.

Providing flexible wedding loans Loan tap gives you the convenience of choosing repayment options. You can also choose interest-only payments in the beginning and EMI later on as that would help you in reducing the burden on your pocket. You can even spread out the payment of the …  

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A unique platform to make your marriage arrangements easy

Featured In: Outlookindia.com

Getting all your wedding details finalized is a tough job indeed. Thankfully the rise of the below-mentioned lending platforms has made it easier for customers to take a loan and enjoy the event without any worries.

LoanTap has customised loan options this Fintech player and gives you the option to choose how you want to pay the loan back. It also has interest-only payments in the beginning months and fixed EMI payments later on. Also if you are …  

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Use a salary overdraft to keep finances controlled

Featured In:

In case you have a regular income coming then it is easy for you to grab a financial benefit from banks and other service providers. Though personal overdrafts and credit cards are two ways in which you can keep your finances in order both of them but your choice would depend on the financial situation you are in.

A credit card charges a 3-4 % interest rate monthly whereas if you take a salary overdraft loan from Loantap the interest …  

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Are the festive offers from Banks reliable?

During the festive season from October to December Banks chose to offer waivers of processing fee to get more users on board. However, in the end, is that move of any use to the consumer is the question to be addressed. Satyam Kumar co-founder and CEO of Loan tap feel that these benefits are only good for short term. In return, you do not get the option of having the flexibility of choosing the loan amount and repayment options …  

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A Reliable Loan Partner

Featured In: Financial Express

With so many competitors and compelling EMI waiver offers in the market, choosing a lending platform for your financial needs can be daunting. While it might be tempting to go for a platform which gives the maximum loan waiver and lucrative offers, that is not the right way to go about it. LoanTap can be an absolute solution for such people. With over 4crores of disbursed loans till date, countless happy customers to vouch for, low operational cost, fast loan …  

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The perfect Credit line loan solutions provider

Featured In: Economic Times

Often when one falls short of funds during a purchase or a travel plan, the first thought would be to use a credit card or a personal loan. However, these are a one-time lump sum disbursal loan. LoanTap provides an easier and more flexible kind of loan known as the credit line loan which functions as a personal loan but also has many features of a credit card. LoanTap provides its customers with credit line loan with a flat …  

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Your lending partner with skin in the game

Featured In: Times of India

While many lending companies are moving towards a hybrid credit model which would involve disbursal of loans on their own as well as from a lending partner, LoanTap doesn’t feel the need to do so. This is due to its ability to leverage equity and long-term debt within the permitted norms. This would ultimately mean consistency of disbursal process and repayment norms for the customers. Also, it would be less complex to handle one single platform rather than …  

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The revolutionary one-day loan is here

Featured In: Youtube

A huge majority of salaried employees have the month-end debt scenario. Requiring debt for a day or two before your salary gets credited is a common woe. The digital lending platform, LoanTap has come up with its unique one-day loan product for such individuals. Salaried employees can get loan from 10,000 to 10lakhs within minutes of application to maximum a day. Such loans come with a repayment period ranging from one day to 4years with minimal paperwork …  

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A consumer-friendly Fintech lending solution

Featured In: The National

In India, there is has been a growing demand for financial lending institutions observed in the last few decades. LoanTap, a startup based in Mumbai, has realized the potential of the Fintech space and disrupted the financial lending market and has created its own space in financial lending by targeting salaried professionals. Their credit solutions are completely virtual and digitalized with minimal human interface in the background. This makes the entire process seamless and completely hassle-free. LoanTap is a …  

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The first stop for small-value loans

Featured In: Economic Times

Often when you are looking at small-value loans, the major constraint is time. Raising quick money becomes difficult because of the enormous paperwork involved in financial lending. For those of you looking out for quick approval of loans, LoanTap is the perfect solution. This digital lending platform provides instant small-value credit to its consumers with attractive repayment options. LoanTap provides small value credit to its customers with an interest rate that is way lesser than that of a …  

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LoanTap expands digital footprint to Tier-II and III cities

Featured In: Your Story

LoanTap, a Mumbai-based startup which deals with small-value loan products ranging from those with EMI, those without EMI and those dealing with personal line of credit, has expanded its frontiers to Tier II and III cities of India. It has raised around 25 crores of funding which is a mix of debt and equity from major financial institutions like Kae Capital, IFMR, MAS Financial Services and coupled with their existing investors and many angel investors. LoanTap plans to …  

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LoanTap raises $4 million in Series B funding

Featured In: Economic Times

LoanTap, a Mumbai-based Fintech startup has raised close to $4 million in series B funding. This startup had earlier raised around $3 million at the time of its launch in May last year. Loantap aims to use the series B funding to boost their existing loan book building and onward lending. It is targeting a customer base of over 5,000 in the next six months. It also plans to augment its integrated loan processing platform and well as …  

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The Yin and Yang of Debt

Featured In: Financial Express

Often people find it difficult to understand if a debt is good or bad. As mentioned by Satyam Kumar, co-founder of LoanTap, debts have their own active and passive aspects which would play like Yin and Yang. It has the benefit of boosting your credit score and creates a good credit history thus opening windows to newer avenues. However, an insensible loan or multiple loans can make repayment difficult acting like a Yang of debt. You must be able …  

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Need a personal loan?

Featured In: Financial Chronicle

Personal loans have always been a source of aid during crunch times, where large amounts of money are immediately needed. Banks usually do not hesitate to make personal loans available for the applicant, provided the applicant can provide a valid and legal reason for requesting a personal loan. Availing a personal loan can have a plethora of advantages such as, no requirement of guarantors or collaterals, being tax-free during IT returns (as they are not a source of income …  

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How to manage multiple bank accounts in different account?

Featured In: The Hindu

Nowadays, it is common to hold multiple bank accounts. While choosing to do so, several aspects should be kept in mind. One of them is “Auto Debit”. While holding multiple banks accounts, you must consider how you plan your auto debits. The CEO of LoanTap suggests that while holding multiple accounts, your primary account, where all your payments and investments are mapped, should be the salary account. This is where the auto credits should take place. The other account should …  

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Travel loan for a holiday?

It is that time of the year again when you get your travel boots ready and make plans to go on a holiday. Alongside the obvious travel plans, finances become an integral factor that shapes your holiday. LoanTap eases the financial troubles of your holiday planning by providing easy travel loans in the range of Rs50,000 and Rs5 lakh. The application process is hassle-free, with a fairly simple online application along with details such as bank statement, PAN …  

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Advance Salary Loans

Being a young professional and freelancer, a stable income can be quite rare. Even fixed salaries cannot guarantee financial security. Helping out those in need, Fin-Tech platform-based companies, such as LoanTap, have utilised new technology that provides flexible loans that help professionals gain some sort of financial stability. The funds are made available in a simplified manner such as an online application followed by a single physical verification visit, or the lender can allow the loanee to electronically …  

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Is Aadhaar Pay useful?

Aadhaar Pay is the latest feature of the steady progress of Fintech technology in India. It is the nation’s first Aadhar-linked mode of cashless payment and all it requires is a smartphone and a current account with IDFC bank. The prominent feature of this technology is the increased levell of security, as a fingerprint is sufficient to make the payment. The co-founder of LoanTap, Mr. Vikas Kumar, states that the usage of unique fingerprints will reduce the …  

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A Festival of Innovation

Featured In: The Hindu

LoanTap took part in a prestigious event held at the Rashtrapati Bhavan, in the presence of the Honourable President of India, Sri Pranab Mukherjee. The event was titled ‘3rd Festival of Innovation’ and the motive of the event was to recognise, respect as well as reward foundational innovations and create an environment of support for them. The Founder and CTO of LoanTap, Sri Vikas Kumar, made good use of this huge opportunity to pitch some of his innovative idea in …  

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Wish list for Union Budget 2017

Featured In: CXOToday

The Union Budget is to presented on the 1st of February, 2017, by Finance Minister Mr. Arun Jaitley. It is expected that ecommerce and fintech companies would receive a boost. The budget is being presented four months after demonetization was announced and is expected to aid digital economy. Mr. Satyam Kumar, CEO of LoanTap, believes that it is the middle class that has been affected due to factors such surge in fuel prices, demonetisation and various taxes and slabs. The …  

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What’s new at LoanTap

Featured In: Economic Times

While the past year saw a dramatic surge in the funding for more than a dozen fintech companies, the expectation for this year is that the same fintech companies would expand their market base by making their way into new product lines and developing the newer technology. For example, LoanTap was started only last year with the purpose of offering secure personal loans to salaried professionals. This year, the plan is to introduce four-wheeler and two-wheeler loans from …  

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Expectation from Budget for Fintech

Featured In: Entrepreneur

2017 is said to the year of optimism for fintech companies due to the demonetization that occurred late last year. With the noticeable surge in popularity, the government is pushing to run to the digitally-driven economy and introduce newer platforms for digital payments. Hence, the government is expected to assist and encourage fintech startups and companies in the year’s budget. One of the expectations, as stated by the CEO of LoanTap, is that levies on service tax and …  

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Expectations from Budget

Featured In: IndiaInfoline

Due to the low levels of bank credit, it is expected that the SME sector would struggle to stay competitive and afloat. According to the CEO of LoanTap, Mr. Satyam Kumar, the government is going to find it difficult to strike a balance. The increase in taxes, fuel prices and demonetisation has mainly hit the middleclass who, as a result, are expecting some breaks in the tax slabs in the forthcoming budget. Furthermore, it is the farmers who have been …  

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A Loan for Your Need

Featured In: MoneyBhaskar

It is possible that having spent a chunk of your income on immediate necessities, you do not have much left for other expenses. In such a scenario, lending platforms such as LoanTap can be of great assistance. The company is proficient in providing EMI-free loans that can help you meet your every need. Being an online platform, the entire process of availing a loan is hassle-free and does not require any form of physical effort. Additional services include …  

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The Danger of Frauds

Cases of theft by fraudulent phone calls, using technology like cloning sim cards and placing card reading instruments on swiping machines or theft using malicious software have become quite common these days. Hence, it has become obligatory that we make arrangements to protect ourselves from these attacks. One such arrangement is to secure your pin. The co-founder of LoanTap suggests using a mathematical model for saving your passwords and pins. For example, using a multiple of a certain number …  

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Growth of Fintech

Featured In: Deccan Herald

Fintech is known as the art of merging financial services with technology. In recent times, Fintech has made huge strides in the financial sector of the nation and a large number of upcoming start-ups have adopted this new trend in cashless technology. Demonetisation was a huge hit on the country’s economy and as a result, Fintech start-ups and companies have had the most to gain and have emerged as stand-out winners. One such company, LoanTap has …  

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A Platform for Easy Loans

Featured In: YourStory

Salaried professionals often find it difficult to find the type of loan that they are comfortable with. In order to address this problem, Mr. Satyam launched LoanTap, a company that specialises in providing flexible loan packages for salaried professionals. Operating from an in-house online platform, LoanTap provides personal overdraft facilities, EMI-free loans and rental deposits while ensuring low operational costs as well as hassle-free and fast management of applications. The in-house platform is integrated with the …  

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Advance Salary Loans

Featured In: Entrepeneur

The current scenario of exploding costs in cities has often rendered professionals, both full-time and part-time, incapable of making ends meet. In such situations, the facility of availing an advance salary loan cannot be ignored. This simple loan can be repaid over a specified time period or over the next paycheck. LoanTap is a Fintech company that is popular for providing such flexible loans for professionals, so that can they can manage themselves during difficult periods. The large …  

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Impact of Demonetisation

Featured In: Economic Times

To say that demonetisation has hit the population hard, would be an understatement. Although the crackdown on cash has benefitted digital payment companies that utilise debit/credit cards and digital wallets like Paytm, the immediate impact on lending startups based on cash disbursals has been significantly negative. For the initial two weeks post the announcement, LoanTap, a Mumbai-based lending startup, has reported that the number of queries received for personal loans has taken a significant hit, falling from around …  

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Easy Loans

Featured In: MoneyToday

In the current scenario of demonetisation, the need for money has never been greater. A number of recent innovative advancements for applying for loans include lending platforms based on mobile applications and loans on credit cards issued by the respective banks. However, the availability of monetary assistance through online portals such as LoanTap ensures that people in need of urgent financial assistance can come in contact with suitable lenders, as per the need of the borrower. Loantap specialises in providing …  

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Fintech Startups such as LoanTap using bots in order to decide if you’re eligible for a loan

Featured In: EconomicTimes

Fintech Startups that are usually an alternative to other lending institutions have started using machine learning and psychometric tests in order to ensure that the loans don’t backfire on them. Mumbai-based Fintech Company called LoanTap has seen 100% EMI returns on around 116 loans that they’ve issued till now. “It is a very good sign for us that our filters and assessment methods are working”, said Satyam Kumar, CEO of LoanTap. Fintech startups also use certain algorithms …  

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Loan Tenure Affects Your Eligibility and EMI

Featured In: Expert Speak

LoanTap’s CEO, Satyam Kumar, recently talked about a few guidelines of home loans and mortgages in an informative interview. When asked if different members of the family get the same eligibility when applying for home loans, he clarified that a husband-and-wife duo always gets higher eligibility than a father-and-son combination. “Almost all institutions are offering 15-25 bps discount if the first borrower is female”, Mr Kumar explained. He also shed some light on the …  

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How do FinTech Companies Like LoanTap Use Innovations to go one up on Banks

Featured In: The Economic Times

If consumption keeps picking up, so will the demand for instant credit. Banks are currently struggling with this increase of demand while FinTech companies such as LoanTap are managing to take advantage of this. Thanks to data analytics and social media scores, as well as traditional modes of scrutiny, companies like LoanTap are constantly giving their best to try to innovate new means of retail credit. CEO Satyam Kumar’s LoanTap offers a broad range of credit products to working …  

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FinTech Companies Such as LoanTap are Taking Shares of the Market, Thanks to Innovations

Featured In: ET Tech

Due to the ever-increasing demand for instant credit and loans, banks have been suffering and constantly trying to catch up with that exact demand. FinTech Startups, such as LoanTap, are using this to their advantage and using their innovations to bring themselves pieces of the market. “The customer mostly services his debt at a rate of interest of 1.5% a month. He returns the principal whenever his cash flow eases as the system lets him schedule the payments …  

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Galore Funding

Featured In: inc42

Being a startup has its ups and downs but once you hit that threshold that propels you far and wide – there’s no stopping! Doing business correctly and safely guarantees you constant advances with only minor obstacles which are easily solvable. LoanTap has managed to raise big amounts of money – nearly $3 million in the Series A round of funding. LoanTap says that the funding earned in this round will go directly towards the goal of expanding the business and …  

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Event Round-Up in the Startup World

Featured In: Moneycontrol.com

Through the Startup Tracker series that is featured on Young Turks, we learn about everything that’s currently ‘big’ in the startup world. If you like watching how startups are enjoying the success that they dreamed of, then this is the show for you. LoanTap is based in Mumbai, and it was founded in early 2016, but it managed to raise over $3 million in the Series A round. It is an online platform that offers flexible loans and loan …  

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LoanTap Raises $3m From HNIs

Featured In: MediaNama

The company LoanTap, whose main task is offering loans and loan products to salaried professionals, has managed to raise around $3m in the A Series of funding from the HNIs. These funds will be mainly used for upgrading the company’s technology and for expanding their operations even further. These funds came because LoanTap has shown that they have what it takes to compete in the market of loan lenders. If they continue the way they’re working now, there …  

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$3 mil raised for LoanTap by HNIs

Featured In: IndianWeb2

LoanTap is a unique Mumbai-based FinTech company that has managed to raise over $3 mil from Mumbai-based HNIs Jaysukh Sapra and Abhishek Pandey. This is due to their robust and interesting business model which basically guarantees them a good profit. They have earned this money through the A Series of funding. This shows that LoanTap is exceptionally good at what they do and that customers can have their trust placed in the company without fear that something will …  

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Dr. Abhishek Pandey and Jaysukh Sapra Invest $3 mil in LoanTap

Featured In: Business Standard

LoanTap, a one of its kind company with an in-house NBFC platform, has been able to secure an incredible amount of funds through the Series A investment round. LoanTap officials have said that they will be concentrating these funds on expanding their business in NCR, Pune, Bangalore, and the Mumbai Metropolitan Region. Around 85% of the funding has been raised from two investors – Jaysukh Sapra and Abhishek Pandey. LoanTap CEO had this to say: “Our platform was established for …  

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$3 mil Raised for LoanTap

Featured In: LiveMint

A Mumbai-based company called LoanTap has managed to accumulate around $3 mil from HNIs – Dr. Abhishek Pandey and Jaysukh Sapra. LoanTap, a non-banking financial company (NBFC), has raised a lot of money in the first round of the Series A investments. Almost all of the raised funds will go towards improving their technology and strengthening their current position as one of the best startups of the year. They have received their NBFC license in July 2016. It seems …  

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LoanTap manages to raise $3 mil from HNIs

Featured In: Vccircle

For some – it’s difficult. For others, such as LoanTap, it’s far too easy. Or so it seems. LoanTap, a Mumbai-based startup that’s focused on loan offers and offering loan products, managed to raise $3 million from HNIs Jaysukh Sapra and Dr. Abhishek Pandey. The company CEO, Satyam Kumar, stated that a big part of these received funds would go towards developing their business even more and researching new technologies. Of course, they will continue to improve …  

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Fintech Startup LoanTap raises $3 mil

Featured In: Business World

High Net Worth (HNI) Individuals, Jaysukh Sapra and Abhishek Pandey, have invested around $3 mil for the company LoanTap. This has happened in the first round of Serie A funding and it is looking to be a very smart investment. LoanTap, a Mumbai-based Fintech company, is currently one of the best startup companies in 2016. They will be leveraging this newly acquired capital to expand their business model and improve their technology. LoanTap seems to be constantly growing, and …  

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LoanTap Acquires $3 mil in Funds from Mumbai HNIs

Featured In: Hindu Business Line

A Mumbai-based Fintech company LoanTap has acquired over $3,000,000 in funds from Mumbai HNIs. This marks a new age for the Startup, meaning that they will be able to use these funds to improve their entire business model and expand into new areas. The funds have been accumulated through the A Series of funding. LoanTap is looking to become a top contender to giant companies which are in the same business, simply thanks to their great work …  

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LoanTap, a Mumbai-Based company, raises $3 mil

Featured In: YourStory

LoanTap, one of the best startups in 2016, has managed to raise $3 million in order to further their goals of expanding the business and improve the technology. This company, which specialises in providing loans to customers and salaried individuals, raised enough money to make their vision of becoming big come true. The money, that was mainly raised thanks to Mumbai HNIs Jaysukh Sapra and Abhishek Pandey, was acquired during the first round of Serie A funding. LoanTap seems to …  

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LoanTap, a FinTech Company, Raises $3 Mil

Featured In: Financial Express

A Mumbai-based startup company which is gaining customers each day has managed to raise over $3 mil from Mumbai HNIs. The people leading the fundraiser are Abhishek Pandey and Jaysukh Sapra. This money has been raised through the Serie A first strategic round of funding. The company CEO, Satyam Kumar, has said that all of the raised funds will go towards making their platform even better and evolving current technologies. It seems as though LoanTap will become even more …  

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Loan Market Advances

Featured In: The Hindu

Loans have been around for a long time, though they often backfire on individuals that don’t know how they work. Lately, there have been a lot of advancements that enable people to apply for loans with low-interest rates and slow growth. The possibilities of offering new services and products to customers has never been easier than it is now. Thanks to this, borrowers are becoming spoiled – they have access to a vast array of goods and products that …  

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LoanTap Starts its Own Website

Featured In: The Economic Times

LoanTap, a Mumbai-based online platform which specialises in delivering EMI free loans and loan products, has started its own website. This move alone makes it available for a huge number of new customers to visit them and apply for loans. They provide users with the ability to apply for entities like credit card takeover loans, salary loans, consumer durable loans, rental security deposit loans, etc. Thanks to the funding they earned, they have been able to upgrade their technology …  

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LoanTap Goes Live

Featured In: Times of India

LoanTap, a company, based in Mumbai, India, has recently launched their new website. Thanks to their highly advanced system of delivering loans, loan origination and management systems, and an experienced and professional leadership team, they managed to ensure much faster disbursements to their users. The company has a wide variety of different loan product offers, some of which are – advanced salary loans, credit card takeover loans, overdraft facility, rental security deposit loans, etc. As it stands currently, LoanTap is amazing …  

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LoanTap Goes Online

Featured In: New Indian Express

A unique and powerful platform, LoanTap, has managed to launch their new website. Borrowers and other customers can apply for loans such as advance salary loans, consumer durable loans, credit card takeover loans, rental security deposit loans, overdraft facility, and many others. LoanTap has an innovative and powerful management system which enables them to provide various services to customers. The technology advancements also make them one of the leaders in fast disbursement to users. They are also making a pitch …  

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EMI-Free Platform for Loans, LoanTap, Goes Online

Featured In: Deccan Chronicle

Flexible EMI-Free loans are one of many services that LoanTap offers to its customers. Just recently they have launched their new website with the name of LoanTap. Some of the loans that they offer include overdraft facility, rental security deposit loans, advance salary loans, credit card takeover loans, and consumer durable loans. The company ensures fast disbursements to their borrowers, which is made possible thanks to their amazing management system. The company CEO says: “Applicants can take a pick …  

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