Personal loan
Turn your Dreams into Reality with Personal Loans up to ₹10 Lakh!
Get personal loans with fast disbursal directly into your bank account. Enjoy a hassle-free online process with minimal documentation!
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Personal loan
Whether you want to consolidate multiple debts, renovate your home or cover medical bills, personal loans can be a versatile financing option. You can achieve your dreams without stressing over high-interest debts. A personal loan is more than just a financial tool; it’s your chance to turn those “what ifs” into “let’s do this!”
When you apply for a loan through LoanTap, you get loan amount up to ₹10 lakh with no collateral requirement and a repayment tenure between 6 months and 60 months. One of the greatest advantages of applying for a personal loan through LoanTap is that you can access funds within 24 to 36 hours of applying.
These personal loans come with fixed interest rates and set repayment terms, ensuring that you have a clear plan for paying off your debt. Unlike credit cards, which can trap you in a cycle of debt through minimum payments and high interest rates, a LoanTap loan offers financial stability.
So, take control of your financial future with confidence and ease with LoanTap!
How does LoanTap Personal Loan work?
To get a digital personal loan from LoanTap, you need to apply online and submit the required documents. Your application will be quickly reviewed, and upon approval, the loan amount will be deposited directly into your bank account within 24-36 hours.
Benefits of Personal Loans
Personal loans offer several benefits, making them an attractive option for many individuals. Let’s look at some of the advantages:
Versatile Usage
No Risk to Assets
Quick Access to Lump Sum Amount
Fixed Monthly Payments
Available for Salaried & Self-Employed
Steps to Apply for LoanTap Personal Loan Online
LoanTap provides hassle-free, quick personal loans with minimal documentation. Here is how you can apply:
1
Online Application
2
e-KYC and Verification
3
Get the Funds Easily
Reasons to Choose Online Personal Loan from LoanTap
Our digital personal loans offer versatile and convenient financial solutions for various needs. With LoanTap, you get the most cost-effective EMI schemes, fixed interest rates, and flexible loan tenures available in the industry.
Understanding the key features can help you make informed decisions and effectively manage your finances.
User-friendly
Fast Disbursement
Higher Loan Amount
Longer Loan Tenure
Minimal Documentation
Transparent Process
Basic Eligibility Criteria For Instant Personal Loan
- 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
Basic Documents Required for Online Personal Loan
- PAN Card
- Aadhaar Card/Driving License/Passport
- Bank Statement of the last 6 months
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.
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 Details
Below are the fees and charges for LoanTap Personal Loans.
Type of fee
Applicable charges
Cover your Expenses with our Personal Loans
Sometimes, life throws unexpected expenses your way, or maybe planned events require a little extra financial breathing room. That’s where our online personal loans come in!
During an Emergency
To Pay Off High-Interest Debt
For Planned Expenses
To Invest in Education
For Financing Vacation
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
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.
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.
With LoanTap, you can get personal loans ranging from ₹50,000 to ₹10 lakhs.
To apply for an instant loan online, choose a trustworthy lender, fill out the application, scan and upload the necessary documents, and complete your KYC
To apply for a loan with LoanTap, you must have a minimum CIBIL score of 700
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.
You can use an EMI calculator to calculate the EMI amount for a loan, where you enter the loan amount, interest rate, and tenure. Check out the LoanTap personal loan calculator to calculate your monthly EMIs.
To find the best personal loan in India, you must compare interest rates, processing fees, and loan terms and assess your credit score and eligibility. Also look out for hidden charges, repayment flexibility, and customer reviews of the lenders. Select a reputable RBI-registered lender with transparent policies.
The approval process varies among lenders. LoanTap generally approves personal loans within 24-36 hours. Having all the necessary documents in place and a good credit score can expedite approval.
Tenures for personal loans usually range from 1 to 5 years. A longer tenure could mean higher total interest payments but lower EMIs.
Interest rates on personal loans depend on the lender and individual credit profile. Rates usually start at 12% and are influenced by factors like credit score, credit history, job stability, income, etc.
No, you do not need to provide security or collateral when applying for a personal loan with LoanTap.
If you want to apply for a personal loan with LoanTap, you must be an Indian citizen or resident over 23 years of age, and have a net monthly income of over Rs. 30,000
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.
If your application for a loan is rejected, it may be because your credit score is too low or you fail to meet other criteria. Avoid applying for multiple loans, as it can harm your credit score. If one is rejected for a loan, they should wait for some time, preferably 6 months, before applying for another.
