Top Offers for Mobile Loan

LoanTap offers customised personal loans that are suitable to buy mobile on EMI.

EMI-free

EMI Free

Interest only payment every month (40% lower monthly installment versus regular EMI) coupled with Bullet Payment every 3/6 months towards Principal. Ideal when: You receive additional income or an incentive every 3-6 months
Apply Now
EMI-free

Step Up

Interest only Payment for 3 months followed by fixed EMI. Gives you space to manage expenses post an event. Ideal when: Heavy expenditure is involved in a particular event such as Wedding or a Medical Emergency.
Apply Now
EMI-free

Term Loan

Repayment done via Fixed Equated Monthly Installments, where EMI=Principal + Interest. Each Installment reduces both interest and Principal amount. Ideal when: You know the precise Loan Amount needed and your income is consistent.
Apply Now

Why take LoanTap’s Mobile Loan?

Since smartphones are our window to everything in the world, why not own a top notch mobile which has the latest features? Smartphones packed with features generally range from INR 25,000 to INR 1,00,000.

At LoanTap, we offer Mobile Loan so that you don’t need to dent your savings. Instead, you can get your phone in easy instalments. You can avail upto INR 1,00,000 for as long as 24 months and enjoy the benefits of availing Smartphone on EMI.

Instant approval & disbursal

Instant approval & disbursal

Easy online process for loan sanction and fast disbursal within 24-36 hours
Flexible Repayment Option

Flexible Repayment Option

Flexibility to switch to EMI free loan, enhancement and accelerated repayment option after 6 months of disbursal
Higher Loan Amount

Higher Loan Amount

Option to choose from amount ranging from INR 50,000 to INR 10,00,000 basis your requirement
Longer Loan Tenure

Longer Loan Tenure

Flexibility to choose longer loan tenure from 6 months to 60 months making EMIs more affordable
Minimum documents

Minimum documents

We collect only what is basic minimum for all our custom personal loan products
Transparent Process

Transparent Process

No hidden charges, No pre-payment charges and secured processes
Eligibility criteria for availing Mobile Loan
  • Individuals with a minimum income of INR 30,000 can apply for a Mobile Loan
  • Indian Citizen/Residents who are 21 years & above
Basic Documents required for availing Mobile Loan
  • PAN Card
  • Salary Slips (last 3 months)
  • Salary Account Bank Statement (3/6 months)
  • Address Proof

Top Brands for Mobile Phones/Smartphones

Samsung

Samsung

Samsung

Samsung brings a variety of smartphones with fast charging, good battery life, high resolution cameras within the range of INR 15,000 to INR 1,08,000. You can purchase premium mobile phones from Samsung with the help of Mobile EMI Free Loan. Some of the best selling models of Samsung Mobiles are Samsung Galaxy A31, Samsung Galaxy M31s, Samsung Galaxy M21 and SAMSUNG GALAXY S20

Apply Now

Apple

Apple

Apple

Apple offers a wide range of premium iOS mobile phones ranging from INR 42,000 to INR 1,10,000. You can purchase the best safety encrypted phones using the Mobile Step Up Loan. Apple iphone SE , Iphone XR and Iphone11Pro are the most popular selling models among Millennials. You can combine your Apple phone with cool accessories such as Apple Airpods and a silicon case to make it your go-to gadge for everything.

Apply Now

Oppo

Oppo

Oppo

Oppo offers a variety of smartphones ranging from INR 10,000 to INR 1,00,000. You can purchase a mobile with premium features like good quality back and selfie camera, Versatile cameras with the power of AI, Powerful specs, Useful software features, Long-lasting battery with the help of Mobile Term Loan. Oppo F3, Oppo F5 series and Oppo A83 are the bestsellers among the range of Oppo mobile phones.

Apply Now

Vivo

Vivo

Vivo

Vivo brings to you a Low range of smartphones ranging from INR 10,000 to INR 45,000. Vivo smartphones are fueled with good storage, stylish looks, good quality camera at affordable prices. You can avail a Mobile Advance salary Loan to purchase these cost effective range of Mobile phones. Vivo Y50, Vivo S1 Pro, Vivo V17 Series and Vivo U20 are among the popular smartphones.

Apply Now

Xiaomi

Xiaomi

Xiaomi

Xiaomi is a popular choice of millennials as they provide a range of cost effective smartphones ranging from INR 10,000 to INR 65,000. They offer reasonable prices, dazzling displays, solid battery and high end handsets. You can purchase the best Xiaomi smartphones with the Mobile Step Up Loan.
Xiaomi Mi 10 Pro, Xiaomi Mi 9 series and Xiaomi Black Shark series are popular purchases among young millennials.

Apply Now

Your Personal Loan, Your Way!

Avail our personal loans through your preferred platform and enjoy unmatched convenience at your fingertips…

Apply Using
Website
Apply Using
Our App
iOS
Apply Using
WhatsApp

Blogs

How to make the most of This Festival Season?
How to make the most of This Festival Season?
14/10/2020
Arrow icon

LoanTap offers Personal Loans for amounts of Rs. 25K - 10L for tenures ranging from 3 Months - 5 Years.
We charge a Processing Fee of only 2% (+ taxes). Our interest rates range from 18% to 30% p.a., based on the type of loan, customer profile, and other related factors.

Example:
On a personal loan of Rs. 1 lakh at a rate of 18% per annum, for a tenure of 36 months, the EMI amount will be Rs. 3,615