How LoanTap revolutionised personal loans for salaried professionals, growing its order book by 10x
LoanTap’s growth has primarily been driven by-products such as EMI-free loans (which it pioneered in the industry), and personal overdraft (which saw increased adoption in 2018), followed by credit card takeover loans, rental deposit loans, advance salary loans, and more.
LoanTap raises $8M from 3one4 Capital, other existing investors
With the freshly raised round, LoanTap will be able to leverage more, and the platform plans to raise Rs 90 crore of debt to create a bigger loan book, said Satyam Kumar, CEO, LoanTap.
Pune-based LoanTap raises its third equity funding from Chinese investor Shunwei Capital and others
Pune-based online lending startup LoanTap on Thursday announced that it had closed its third round of equity funding of $6.25 million from Shunwei Capital, with co-participation from Tuscan Ventures and Ashish Goenka from Suashish Diamonds.
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.
Personal overdrafts: The new nascent market in India
27-year-old Research Analyst Manish Dubey wanted INR 15,000 for a medical emergency in his family but it was only the 13th of the month and he had to wait for another 17 days for his next salary to come.