Personal Loan
Personal Loan up to ₹10 Lakhs for All Your Financial Needs
Borrow instantly, repay easily, and manage your finances hassle-free through a simple online process with minimal documentation.
Personal loan
Life can throw surprises at any time – a wedding to plan, a home to renovate, medical bills to cover, or high-interest debts to manage. A LoanTap personal loan helps you take care of it all without stress.
You can borrow up to ₹10 lakh with no collateral, choose repayment terms that suit you from 6 to 60 months, and enjoy fixed interest rates so your EMIs stay predictable.
With minimal paperwork and fast approvals, we make borrowing simple, clear, and designed around your needs, whether you are salaried or self-employed
You can borrow up to ₹10 lakh with no collateral, choose repayment terms that suit you from 6 to 60 months, and enjoy fixed interest rates so your EMIs stay predictable.
With minimal paperwork and fast approvals, we make borrowing simple, clear, and designed around your needs, whether you are salaried or self-employed
How does LoanTap Personal Loan work?
Getting a personal loan from LoanTap is quick and fully digital. You just need to apply online, complete a secure e-KYC, and we’ll check your eligibility instantly.
Once approved, the funds are credited directly to your bank account within 24–36 hours. Repay easily with fixed EMIs over your chosen tenure, no surprises, no hidden steps, just smooth borrowing from start to finish.
Benefits of Personal Loans
Personal loans are one of the most accessible ways to secure instant funds without pledging collateral. Whether you need to cover urgent expenses or plan for something big, a personal loan offers the flexibility and convenience to support your financial goals.
Flexible End-Use
From medical emergencies and home renovation to travel or debt consolidation, a personal loan allows you to meet various financial needs with ease.
No Collateral Required
Being unsecured, personal loans do not require any assets as security. This reduces your risk while offering peace of mind.
Quick Disbursal
With a simple personal loan application and minimal documents required, approved applicants receive the loan amount directly into their bank account within 24 to 36 hours.
Fixed EMIs for Better Planning
Make easy repayments with fixed monthly instalments. You can use the personal loan EMI calculator to estimate your monthly outflow based on tenure and interest rate.
Available for Salaried and Self-Employed Individuals
LoanTap offers personal loans for salaried professionals as well as self-employed individuals, with flexible terms and transparent processing fees.
Apply for a LoanTap Personal Loan in 3 Easy Steps
Applying for an instant personal loan with LoanTap is simple, seamless, and entirely online. Here’s how it works:
1
Fill Out the Application Form
Visit our website or download the app to apply online. Enter your basic details, such as income, employment status, and contact information. Upload the documents required, and you’re good to go.
2
Complete the e-KYC Process
Share your PAN and date of birth for quick, paperless verification. Take a moment to review the terms and conditions before submitting your application.
3
Get the Loan Amount in Your Bank Account
Once approved, e-sign the agreement and complete the eNACH setup. The approved loan amount will be credited directly to your bank account, usually within 24–36 hours.
Why You should Choose LoanTap’s Personal Loans
LoanTap is an RBI-registered NBFC offering instant personal loans designed to meet your financial needs with ease. From flexible tenures to quick disbursals and minimal documentation, everything is built to ensure a seamless, stress-free borrowing experience, right from start to finish.
User-friendly
Easy-to-use, convenient & user-friendly application process for a seamless customer journey
Fast Disbursement
Approval and disbursal within 24 to 36 hours
Higher Loan Amount
Choose from loan amounts ranging from ₹50,000 to ₹10,00,000
Longer Loan Tenure
Get the flexibility of longer loan terms, ranging from 6 to 60 months, for more affordable EMIs.
Minimal Documentation
Only essential documents required – no lengthy paperwork, no hassle.
Transparent Process
No hidden charges or repayment penalties after 6 months of disbursal, and secured processes
Personal Loan Eligibility Criteria Online
- Individuals with a minimum income of ₹30,000
- Indian citizens and residents who are at least 23 years old
- Individuals must have filed the latest ITR
Documents Required for Personal Loan
- PAN Card
- Aadhaar Card/Driving License/Passport
- Bank Statement of the last 6 months/Latest Salary Slip
What Our
Customers Say
We continuously strive to provide a
Seamless experience to our customers…
The service provided by Loan Tap is great, everything is seamless and very convenient. Its one of the very best experiences, I’ve had with any loan provider.
You are doing an awesome work as team. Faster service with immediate response is quite amazing. Will recommend to everyone in need, faster documents processing …….Keep up the good work
This is truly awesome service. Associates are very friendly and providing efficient service on time. After documents pickup, within 24 hours net amount was disbursed and that’s what I call efforts reducing service. Thank you LoanTap Team.
Awesome and superfast Service.I have never come across so polite, professional and fast service providers for Loan. I have taken a personal loan and was disbursed within 3-4 hours in my bank account. This was just a superb feeling. Thank you so much LoanTap for a wonderful experience.
Excellent service from all team members. All are supportive. Its different from others NBFCs. Now and in future, LoanTap is my first choice for financial needs.
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EMI Calculator
You can calculate your monthly loan payment (EMI) in just 3 easy steps! Drag the sliders to adjust your loan amount, interest rate, and loan term. See how these factors impact your EMI and understand your loan affordability clearly.
Calculate your EMI
Breakup of Total payment
Personal Loan Interest Rates and Charges
Below are the fees and charges for LoanTap Quick Personal Loans
Type of fee
Applicable charges
Rate of interest
Upto 26% p.a.
Platform charge
Rs. 750 + GST
Processing fee
2-3% + GST
Bounce charges
Rs. 550
Pre-payment charges
4% + GST if foreclosed before payment of 6 EMIs from the date of disbursement
Broken period interest / Pre EMI-interest
Depends on date of disbursement
Cover your Expenses with our Personal Loans
Whether it’s an unexpected emergency or a planned milestone, Loantap instant personal loans offer the flexibility to manage your expenses without dipping into your savings. Here’s how our instant loan can help:
During an Emergency
Whether it’s a sudden medical bill or an urgent home repair, you can tackle unexpected expenses without delay.
To Pay Off High-Interest Debt
Struggling with high-interest credit card dues? A personal loan helps consolidate your debt, reduce interest outgo, and simplify repayments.
For Planned Expenses
From renovating your home to planning a wedding, you can fund big life moments without draining your savings.
To Invest in Education
A personal loan can support your academic goals, be it a certification course or higher studies, by covering tuition or related expenses.
For Financing Vacation
Need a break? You can plan that perfect getaway now and pay for it in easy EMIs.
Personal Loan Product Suite
No matter what your requirement is, use LoanTap’s Personal loan to fulfil all your needs.
Flexible Repayment options
Final installment options for a loan will be decided based on your profile and inputs.
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.
Your Personal Loan, Your Way!
Avail our personal loans through your preferred platform and enjoy unmatched convenience at your fingertips…
Frequently Asked Questions
A personal loan is an unsecured loan that offers a flexible solution when you need financial support. Unlike secured loans, you won’t need collateral to qualify. You’ll receive a lump sum amount upfront and repay it in fixed monthly installments over a set term.
To apply for an instant loan with LoanTap, you must have a minimum credit score of 700.
Missing an EMI can affect your credit score and may lead to processing fees or penalties. It’s important to read the terms and conditions and plan your personal loan EMI carefully using a personal loan EMI calculator.
You can foreclose or prepay your personal loan. LoanTap doesn’t charge a prepayment or foreclosure fee after 6 months of loan disbursal. However, it is best to check with the lender to understand their foreclosure process and any applicable charges.
LoanTap offers flexibility on personal loans online. After 6 months of timely payments, you can foreclose the loan without any processing fees or prepayment charges.
Yes, every time you apply for a personal loan, a credit inquiry is made. Too many applications for instant personal loans online can impact your credit score.
Yes. If you have a good credit score and repayment history, you can apply online for a top-up or second instant personal loan.
You can request a change in your EMI date via the app. The approval depends on LoanTap’s terms and conditions and may include minimal processing fees.
The personal loan interest rate depends on your profile, income, and credit score. LoanTap offers competitive rates with easy EMIs.
Under the Income Tax Act, personal loans are not eligible for any special tax incentives like home loans are. Generally, interest on these loans cannot be written off as tax deductible. However, depending on how you utilize your loan, you might be able to avail tax benefits on your loan.
To apply for a loan with LoanTap, you must have a valid PAN Card, Aadhaar Card/Passport/Driving Licence, Salary slips for the last three months, and Bank statements for the last six months.
You can use a personal loan to cover various needs, such as paying for medical emergencies, weddings, renovating your home, or consolidating debt. The loan provides quick access to funds with flexible repayment options, making it a convenient financial solution for salaried professionals.
