Low EMI Personal Loan

Pay Monthly Interest Rs. 1500 Per Lac

This won't impact your CIBIL score
* Conditions Apply

Reduce your personal loan EMI by 40% and pay only Rs. 1500 per lac in monthly interest.

We value your credentials and understand future earning potential well. Your current employment, credit history and stability have been factored in to design LOW EMI Personal Loans for you. We offer long term (5 years Loan) at the start of your career, and do not restrict our tenure to 2 or 3 years. Further, we go to the length of allowing you choose principal payment options, principal can be paid half yearly or quarterly installments.
LoanTap offers EMI Free Loans where you need to pay only the interest amount every month. The Principal can be paid as Bullet Payments of around 20% per Year. Most of our customers tend to pay the Principal when they receive their Annual Bonus. Additionally, the Monthly Interest Payment gets reduced further post the Bullet Payment is made. Depending on the Amount and Tenure, Monthly outflow can be reduced by as much as 40%.
EMI Free Loan is the most suitable product for customers who are looking for effortless Loan Sanction, Minimum Documentation and Flexible Repayment options.
Now easily avail these loans by applying online with us. We assure you of hassle free process and product satisfaction!

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Why Avail a Low EMI Personal Loan from LoanTap??

Easy Online Application and Approval

Minimal people involvement

Very Low Monthly Re-payments

Pay only Interest every month, Principal to be paid via Bullet Repayment

Quick Disbursement

Complete Automated Process Ensures Swift Disbursement

Bonus Cycle Linked Principal Payment

Make Bullet Repayments As Per Convenience

Check My Rate

So Simple

Three easy steps to disbursal

Online sanction

Fill your information online, and upload or mail basic docs as per your convenience.

Record your preferred time for Representative Visit

Download documents as per checklist, sign and handover to our representative

Seek Disbursal

Once the document reaches our office, post verification we will activate disbursal

Product Suite

EMI Free Loan EMI Free Loan
Personal Overdraft Personal Overdraft
Personal Loan Personal Loan
Credit Card Takeover Credit Card Takeover
Advance Salary Advance Salary
Rental Deposit Rental Deposit
Wedding Loan Wedding Loan
Holiday Loan Holiday Loan
Premium Bike Loan Premium Bike Loan
Being Human ECycle Being Human ECycle

Frequently Asked Questions

Do I have an option to pre-close the loan?
Yes, you can pre-pay the loan facility post 6 months of disbursement. No foreclosure charges are applicable post 6 months of loan completion, however within 6 months you can prepay your loan with minimal charges
How much is the processing fee for availing this loan?
Processing fee for this loan is 2%+applicable taxes; on the gross loan amount sanctioned.
Can I make part payments/higher payments towards my loan outstanding? Any charges applicable?
Yes, you can make higher payments towards your loan. No charges for higher payments or foreclosure are applicable post 6 months. Within 6 months you can make part payments or foreclosure-with minimal charges applicable.
Where do I see my outstanding balance?
You can check your loan details by accessing “My Account” feature on our website. You will need to login using your registered email ID.