This alternative lending platform feels consumer lending is more than just a trend
Even though LoanTap has a slight exposure to SME finance, their core focus is on salaried customers. Explaining the company’s vision, Vikas Kumar, Co-founder & CTO, LoanTap, said, unlike a bank, which generally offers one vanilla product to salaried borrowers – term loan, LoanTap focuses on need and cash flow-based products.
The Tech in Fintech: Leading platforms that are online right now
The age-old traditional system was time taking for users with a lot of hassle and collateral involved. LoanTap is a fintech consumer lending platform delivering flexible EMI free loan products to salaried professionals.
The Tech in Fintech: Leading platforms that are online right now
LoanTap uses technology to deliver smart and innovative products for millennials. Borrowers can choose custom- made loan products from an array of offerings.
Ever heard of EMI free loans? LoanTap is here with unique options
LoanTap has been a pioneer of multiple innovative fintech offerings that include EMI-free loans, rental deposits, wedding loans, holiday loans, salary advance, and personal overdrafts.
Just a tap to get you ‘LoanTapped’…
As an ex-banking professional and a veteran, I have been familiar with the shortcomings in the traditional lending sector. So, unlike other startups identifying a few gaps in their sector and solving the same, in our case, there isn’t one but multiple experiences that urged us to launch LoanTap.
Be prudent in taking, managing your personal loan
Managing personal finance is not an easy task. Despite prudent saving approach, one does find himself/herself in an emergency that needs additional financial support and ends up taking a personal loan. Credit card payments and EMIs have become a way of life
How fintech are combining banking with technology?
The digital revolution in India is majorly about filling the gaps in addressing the gaps in tradition banking system. The age-old traditional system was time taking for users with a lot of hassle and collateral involved.
“EMI-free” loan disburser LoanTap to expand to Chandigarh, Coimbatore
Its “EMI-free” loan has caught the imagination of borrowers. “Since the take-home salaries of young professionals vary due to a variety of reasons, our EMI-free product keeps them relatively relaxed for, say, six months during which time they pay only the interest part of the EMI. When they find the going relatively better, they can start paying 10 per cent of the principal as well,” Satyam Kumar, Co-Founder, told BusinessLine.
“EMI-free” loan disburser LoanTap to expand to Chandigarh, Coimbatore
LoanTap, an online platform delivering flexible loan products to salaried professionals, including “EMI-free” loans, is expanding its services to Chandigarh and Coimbatore this year.
