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.
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.
These Fintech platforms facilitate hassle-free borrowing
LoanTap is a fintech consumer lending platform delivering flexible Equated monthly installments (EMI) free loan products to salaried professionals. The platform uses technology to deliver smart and innovative products for millennials.
Fintech platforms to consider for hassle-free borrowing
Financial technology platforms these days are helping to fill the credit gap in the economy. Different types of digital lending models are processing loan applications based on information such as psychometric analysis, social profiles, credit score, and have gained great traction and faith from borrowers.
Fintech platforms to consider for hassle-free borrowing
From companies like LoanTap, borrowers can choose custom made loan products from an array of offerings like overdraft facility, credit card takeover loans, rental security deposit loans, advance salary loans and consumer durable loans. Different types of digital lending models are processing loan applications based on information such as psychometric analysis, social profiles, credit score, and have gained great traction and faith from borrowers.
These Fintech platforms facilitate hassle-free borrowing
Borrowers can choose custom made loan products from an array of offerings like overdraft facility, credit card takeover loans, rental security deposit loans, advance salary loans and consumer durable loans.
Bespoke loans: Know everything about EMI Free Loans
EMI stands for equated monthly instalment, which is a sum of the principal payment and monthly interest. But under EMI-free loans, it is not mandatory for the borrower to pay the principal every month.
Diwali offers in banks: Lenders lure loan seekers with festive season freebies, but should you take?
Processing fee makes up about 0.5 to 1 per cent of the total loan amount. Waiving it off undoubtedly offers a tangible reward to the loan seeker, enabling savings to the tune of thousands of rupees at the very beginning. However, the benefit of this move is often used to draw away the attention from other less appealing aspects of the loan product such as flexibility to choose the loan amount, repayment option, prepayment penalty, and foreclosure charges, among others,” says Satyam Kumar, CEO & Co-Founder , LoanTap.
