• LoanTap's Advantage
• Eligibility Criteria
• Flexible Instalment Options
• How to Apply
• Related Searches
• FAQs

Here's what our customers have to speak about us and our services

Excellent Operational and Credit Team. Risk Management method is robust but never restricts credit to the right individual.Products offered are unique and cater to different type of paying capacity. I am a Research Analyst and that's why I am able to comment on the methods and process implemented to Loan. Happy to take a loan from them 3rd time.

Anshul Singhvi, Delhi NCR

I'm really happy with the process and procedures. Straight forward procedures and took very less time to process my loan. Best part is they offered me loan to close my existing debts when other loan agencies or banks rejected my applications and gave me minimal EMI for long duration which I would be strongly able to pay. . Very helpful in extreme tough situation.

A Sangeetha, Chennai

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.

RAJEEV PARASHAR, Delhi NCR

The services were awesome.Never knew applying for loan will be this easy. Thank you LoanTap for helping me at the time of need.

Shaik Parvez Ali, Hyderabad

Very good response and service from the team.

Singaram Krishna, Hyderabad

Great service with quick turn around process.

Kondu Vaman Rao, Hyderabad

Fast processing

R. Annamailai, Chennai

Very good quick service, within 48 hrs all loan process completed.

VENKATA RANGA RAJU GUDURU, Pune

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.

SHUBHAM RAMESH JAMALE, Pune

I am so happy that the loan amount was sanctioned instantly. No lengthy process, no pain of documentation. It is far by the best experience I have had. Way to go !! I think the national banks should learn from you guys!!Cheers!

Sumit Prakash Mhatre, Mumbai

Here's what our customers have to speak about us and our services

Excellent Operational and Credit Team. Risk Management method is robust but never restricts credit to the right individual.Products offered are unique and cater to different type of paying capacity. I am a Research Analyst and that's why I am able to comment on the methods and process implemented to Loan. Happy to take a loan from them 3rd time.

Anshul Singhvi, Delhi NCR

I'm really happy with the process and procedures. Straight forward procedures and took very less time to process my loan. Best part is they offered me loan to close my existing debts when other loan agencies or banks rejected my applications and gave me minimal EMI for long duration which I would be strongly able to pay. . Very helpful in extreme tough situation.

A Sangeetha, Chennai

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.

RAJEEV PARASHAR, Delhi NCR

The services were awesome.Never knew applying for loan will be this easy. Thank you LoanTap for helping me at the time of need.

Shaik Parvez Ali, Hyderabad

Very good response and service from the team.

Singaram Krishna, Hyderabad

Great service with quick turn around process.

Kondu Vaman Rao, Hyderabad

Fast processing

R. Annamailai, Chennai

Very good quick service, within 48 hrs all loan process completed.

VENKATA RANGA RAJU GUDURU, Pune

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.

SHUBHAM RAMESH JAMALE, Pune

I am so happy that the loan amount was sanctioned instantly. No lengthy process, no pain of documentation. It is far by the best experience I have had. Way to go !! I think the national banks should learn from you guys!!Cheers!

Sumit Prakash Mhatre, Mumbai

Eligibility Criteria for Premium Bike Loan

1

Individuals with a minimum income of INR 30,000

2

Indian Citizens/Residents who are 21 years old & above.

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Flexible Instalment Options

Final instalment options for a loan will be decided based on your profile and inputs

Term Loan

Repayment done via Fixed Equated Monthly Instalments, where EMI = Principal + Interest.
Each instalment reduces both interest and Principal amount.

Ideal when: You know the precise Loan Amount needed and your income is consistent

Apply Now

How we make loans happen in 24-36 hours

Online Application

Apply online, upload basic documents or mail us

Record your time for representative visit

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

KYC & Fund transfer

We check documents, verify them and activate instant disbursal online

Apply Now

Related Searches

Frequently Asked Questions

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What is the maximum loan value that I can get for Premium Bike Loan?

LoanTap offers up loan up to 100% of on road vehicle price. Final loan amount decision is done on basis of your eligibility and credit checks.

What are the documentation required for getting Super Bike Loan?

We need below documents for processing your loan request-

• PAN
• Address proof
• 3 months’ pay slips
• 6 month’s salary account bank statement
• e-NACH mandate form

However, we might request for few other documents if need arises during credit checks.

Do I need to hypothecate the vehicle in case of Super Bike Loan?

Yes, the vehicle purchased needs to be hypothecated to partner NBFC.

What is the repayment pattern for this loan?

In this loan, interest amount needs to be paid every month and in every 6 months a bullet amount needs to be paid towards outstanding principal amount. Interest amount is revised post bullet payment of principal amount.

How do I get to know the list of approved distributors for Premium Bike Loan?

There is no exclusive list of dealers. You may apply almost for any bike belonging to any dealership-in locations where LoanTap is operating.

How much is the processing fee for availing this loan?

Processing fee for this loan is 2%+applicable taxes; on the gross loan amount sanctioned.

Can I make part payments/higher payments towards my loan outstanding? Any charges applicable?

Yes, you can make higher payments towards your loan. No charges for higher payments or foreclosure are applicable post 6 months. Within 6 months you can make part payments or foreclosure-with minimal charges applicable.

Do I have an option to pre-close the loan?

Yes, you can pre-pay the loan facility post 6 months of disbursement. No foreclosure charges are applicable post 6 months of loan completion, however within 6 months you can prepay your loan with minimal charges

Is Premium Bike Loan available in my city?

Premium Bike Loan is available in cities where LoanTap is operational. Currently we are providing our loans in Bangalore, Hyderabad, Chennai, Coimbatore, Mumbai, Pune, Ahmedabad, Vadodara, Raipur, Bhopal, Indore, Jaipur, Delhi-NCR and Chandigarh locations.

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