Shifting to a new town or locality? Here’s how rental deposit loans can help you
The nature of work has become such today that at some point of time or other, many working professionals have to relocate to a new city. Whether it is because of an ongoing assignment at the current workplace or for a new job opportunity, relocation has become far more common today than earlier days.
Published in: Financial Express
Don't know how much you want to borrow? Try this
In the present day and age, loans have become an indispensable need for almost every individual. Some avail loans to buy a new property, some to purchase household accessories, while some use the extra credit to fund their dream vacation.
Published in: Money Control
Fin-tech companies must test loan books, need NBFCs for scale
LoanTap recognises salary patterns, so during some months the customer is charged a smaller principal servicing amount when his variable pay is low. When the customer receives a bonus he can make a bullet payment.
Published in: Business Standard
We analysed situation
We aim to help high-spirited millennials better manage their finances and serve as a helping hand at the time of their obligatory needs. Moreover, this is an online lending platform and millennials are more digitally active, making them our most favourable target audience. Loantap — an online platform based out of Pune is committed to deliver flexible loan products to salaried professionals. The idea is to use technology for building flexibility in products, without adding cost to it.
Published in: The Statesman
How Fintech Companies are Eyeing Huge Growth Opportunities After Budget 2018
The allocations made in this year's budget are clearly indicative of how integral new-age fintech start-ups have become to the Indian economy. According to Satyam Kumar -CEO and Co-founder, LoanTap, the biggest push, however, has come in terms of the infrastructural development that is going to support the digital economy.
Published in: Entrepreneur
LoanTap envisions penetrating deeper into the Salaried Segment
LoanTap gives you the best of the best. It uses technology to deliver smart and innovative products for millennials. We offer unique products like Personal Overdraft, EMI Free Loans, credit card takeovers, advance salary etc. The unique product portfolio and customized products like EMI free loans for consumers have gained a lot of praise.
Published in: PC Quest
Borrow to pay security deposit on rented house
Thousands of youngsters who are part of the mobile workforce that frequently shifts from city to city according to job needs, LoanTap has come up with an innovative rental deposit loan. The minute the tenant has finalized the rent with the landlord, LoanTap extends rental deposit loans to make the security deposit on behalf of the tenant. The loan amount ranges from Rs 1 - 5 lakh for a tenure of 11 to 33 months, depending on the lease rental agreement.
Published in: The Economic Times
Flexible Credit: Why Alternate Loans are Becoming More Popular than Credit Cards
On top of the customer benefits, rewards, and user privileges, they give professionals the financial freedom to perform an array of transactions without fretting too much about their bank balance. This is precisely how people find themselves within the firm grasp of the debt trap. The borrower ends up paying the minimum due payment, which essentially is the interest rate at an inequitable 40 percent per annum.
Published in: Entrepreneur