Personal Loan App
Use LoanTap’s Instant Personal Loan App to get a personal loan from ₹50,000 to ₹10,00,000. Apply quickly with minimal paperwork and no collateral. Get your loan disbursed in 24 to 36 hours. You should have a minimum salary of ₹30,000 to be eligible for a personal loan.
Get an Instant Personal Loan from the LoanTap App
If you need funds quickly to meet unexpected expenses, download the LoanTap Personal Loan App now and apply for an instant personal loan.
We understand that surprises and opportunities are always lurking around the corner. It might be a medical emergency, an unexpected home or car repair, or a business opportunity you want to take advantage of. At these times, you need a reliable financial solution to help you out. That’s why we built our personal loan app to provide you with an easy and convenient way to quickly get the funds you need. Our user-friendly interface makes the entire application process easy and intuitive.
At LoanTap, you can get a personal loan at competitive interest rates (starting at 12%) and with flexible repayment options. You can also get personal loans for a longer tenure of up to 60 months. In short, it is a personal loan flexible enough to meet your requirements.
Say goodbye to lengthy application processes and tedious paperwork with the LoanTap App. Install it now and get the funds you need.
Benefits of a Personal Loan App
LoanTap provides flexible personal loans, keeping your needs in mind. Here are some of the many reasons why LoanTap is the best choice for a personal loan:
No Limitation on End Use
No Collateral Required
Flexibility of Tenure
Fixed-Rate of Interest
How our Personal Loan App works
Apply for an instant personal loan in 3 quick steps:
e-KYC and Verification
Why take a Personal Loan from LoanTap?
Instant approval & disbursal
Flexible Repayment Option
Higher Loan Amount
Longer Loan Tenure
Basic Eligibility Criteria for availing Loans with LoanTap
- Individual must be 21 years of age or older
- Applicant should have a minimum income of ₹30,000
Basic Documents required for availing Loans with LoanTap
- PAN Card
- Salary slips (of the last 3 months)
- Salary account bank statement (3/6 months)
- Address proof
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.
Applicable charges and fees
Type of fee
Personal Loan Product Suite
Flexible Repayment options
How to apply for a loan using LoanTap?
Frequently Asked Questions
- Avoid upfront payments: Stay away from lenders requesting upfront payments or fees, as this could indicate a scam. Trust lenders with high customer ratings (above 4 stars) and many reviews.
- Eligibility: Ensure you meet the income and credit score requirements for better loan terms. Otherwise, your application has every chance of being rejected, which could harm your credit score. To get a personal loan from LoanTap, you need to be at least 21 years old with a minimum salary of ₹30,000
- Turnaround Time: Opt for instant personal loans with quick sanctions and approvals. The faster your loan is disbursed, the better you’ll be able to meet your urgent financial needs. At LoanTap, we ensure to disburse all loans within 24 to 36 hours.
- Affordability: Make sure you are getting your personal loan on terms that are affordable. As a general rule of thumb, look for the lowest possible interest rate, and if you can’t get that, look for a longer tenure so that you can make the monthly payments more affordable.
- Repayment Tenures: Verify the repayment tenure before using a personal loan app. LoanTap offers terms of up to 60 months for convenient repayment.
- Apply During Business Hours: Submit your application on a working day before 5 PM to expedite processing and receive quicker sanctions.
- Prepare Documents: Keep essential documents ready, including PAN card, salary slips (last 3 months), salary account bank statement (3/6 months), and address proof, for a smoother application process.
- Step-up Repayment Plan: Begin with interest-only payments for the initial three months, followed by fixed EMIs, giving you more liquidity upfront, like a loan to cover medical expenses.
- Term Repayment Plan (Reducing Interest Rate): EMI is calculated using the reducing interest rate method, where interest is charged on decreasing principal, reducing both interest and principal outstanding over time.
- EMI-free Repayment Plan: Pay only interest monthly, with partial bullet payments towards principal every 3-6 months, effectively reducing interest through principal repayments.
- Overdraft Repayment Plan: Similar to a credit line, make multiple withdrawals within a set limit, paying interest only on the withdrawn amount, offering flexibility akin to a credit card. LoanTap provides the most flexible repayment terms, providing various options for managing your loan repayment. This lets you choose the option that best suits your financial circumstances.
- Avoid lenders who want upfront payments.
- Customer ratings.
- Fast turnaround.
- Repayment tenures.