Top Offers for Mobile Loan

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

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Mobile Term Loan

Buy Mobile on EMI with LoanTap’s Mobile Term Loan. This is an ideal option if you are looking forward to purchasing Mid range mobile phones ranging from INR 40,000 to INR 70,000, typically offered by brands such as Oppo and Xiaomi. You can repay back your Mobile Loan in Fixed Equated Monthly installments where interest is recalculated on the fresh principal outstanding every month. This offer is best suited for you if you are sure of the exact loan amount and tenure and your income is constant.

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Mobile Advance Salary Loan

This Mobile Loan is best suited to purchase low range Mobile phones like those offered by Vivo and Xiaomi. This loan should be availed for purchases between INR 15,000 to INR 45,000. If you wish to purchase a phone immediately and don’t want to wait for your salary to get credited, get a Mobile Advance Salary Loan and repay in easy EMIs. This offer is ideal when you are facing a cash crunch in the short term and have your incentives due in the near 6 to 12 months span. This way you can service your loan regularly and pay off EMIs within a short tenure.

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Mobile EMI Free Loan

Mobile EMI Free Loan is best suited to purchase high range mobile phones of INR 60,000 and upwards from brands like Samsung and Apple. With this option, you can pay low monthly instalments consisting of only interest along with bullet Payments towards the principal outstanding every 3/6 months. This offer is Ideal when you receive additional income from other sources or incentives every 3/6 months. This way you can have a reduced monthly outgo every month and make lump sum payments towards the Principal outstanding every 3/6 months.

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Mobile Step Up Loan

Mid to High range of Mobile phones like Samsung, Apple and Oppo that range from INR 60,000 To INR 1,10,000 can be purchased with the help of Mobile Step Up Loan. Enjoy interest only payments for the first 3 months followed by fixed monthly installments for the remaining tenure. This Mobile Loan offer is suitable for you if you have lined up expenses in the coming few months and will be fueled with liquidity later. This way you can have low monthly instalments in the initial months followed by fixed EMIs for the remaining tenure.

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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

Avail Mobile Loan online in less than 24 hours.

Flexible Repayments

Choose how you want to repay your Loan for Mobile. You can avail a fixed EMI option or choose to pay lower instalments in the initial months.

Minimum Documentation

You can get phone on EMI with basic minimum documents

Transparent Process

Our Mobile Loans come with No hidden or pre-closure charges.

Eligibility criteria for availing Mobile Loan

If you are looking forward to buy phone on EMI, you must qualify under the below mentioned eligibility criteria

  1. Individuals with a minimum income of INR 30,000 can apply for a Mobile Loan
  2. Indian Citizen/Residents who are 21 years & above
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Basic Documents required for availing Mobile Loan

If you are looking forward to buy phone on EMI, you must qualify under the below mentioned eligibility criteria

  1. PAN Card
  2. Salary Slips (last 3 months)
  3. Salary Account Bank Statement (3/6 months)
  4. Address Proof
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Top Brands for Mobile Phones/Smartphones

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

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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.

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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.

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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.

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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.

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How we provide Mobile Loans in 24-36 hours

online application
Online Application

Apply online and upload basic documents to get Mobile on EMI

online application
Record your time for Representative visit

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

online application
e-KYC & Fund Transfer

Verify KYC online in 2 minutes and activate instant disbursal of your Mobile Loan

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