Get an easy EMI free  loan in Delhi

Delhi is a well-planned and modern city in India. It is a perfect combination of an ancient culture and bustling modernization. The highlight of this city is the richness of its beautiful architecture and the confluence of diverse cultures. It has a large network of railways, roads, and airlines, which connect all the major cities of India. That makes it the finest destination of India, where you can enjoy sightseeing, plan your wedding, build a residence and explore more opportunities.

 Planning a wedding or renting a house in Delhi is quite expensive. EMI Free Loans can help you handle heavy expenditures without making monthly payments. LoanTap offers you an affordable loan process system to those who earn at least  30000/- as net monthly income. It is a solution to your financial problems and an affordable way to get immediate cash in times of need.

What is EMI Free Loan?

In this EMI-free loan, you only have to pay the interest every month. It also offers the option to pay the principal in bulk anytime during the tenure. It is an ideal solution for those expecting a huge cash inflow now. Some people can apply for EMI Free Loan to pay off the debts of other loans. It is the most wanted loan offered by LoanTap based on your CIBIL score. This instant EMI Free Loan will credit the loan amount directly into your savings account. There is no need to be hassled by paperwork and this loan is available for you even if you have a net monthly income of Rs 30,000. However, you must maintain a good CIBIL score and your documentation must be in line.

But, How does EMI Free Loan Work?

EMI Loans are expensive for a middle-class person and a working professional. Some people have their loan applications rejected due to their low salaries. Personal loan EMI Free are interest-only loans that let you enjoy the disbursal amount without paying EMI for a period as decided during the sanctioning process of the loan. 

Since this is an interest-only payment, your cash outflow is reduced by up to 40%  while the principal can be repaid in bullet payments in quarterly or half-yearly installments. The loan interest is calculated from the date of disbursal and added to your loan statement. You are allowed flexible installments and can be paid on the 7th of the following months. 

Why you should go for EMI Free Personal Loans?

Quick EMI Free Loans offers you a credit facility to get whatever you want without denting your savings. It reduces the burden of paying monthly EMIs and minimizes the monthly cash outflow. LoanTap offers you a quick loan application process with multiple benefits, which are mentioned below:-

  • Instant Approval:  LoanTap provides you with an easy online application process and provides fast disbursal of EMI Free Personal Loan. In tough times, you don’t need to wait for days for a solution. It will sanction the loan amount on the same day of approval. If your CIBIL score is good, the loan will activate within 24-36 hours.
  • Flexible Repayments: EMI Free Loan Online allows you to choose how much you want to pay and decide the tenure period as per your capacity. You can plan your budget and maintain a healthy account balance to tackle the expenses. You will get a better option than any other fixed EMI personal loan for salaried professionals. 
  • Minimum Documentation: No paperwork is required to evaluate your application and verify your profile. It includes residential proof, identity proof, and bank statements. LoanTap collects the basic minimum documents if you want to apply for any financial product. You are free to apply for the loan while sitting at your office or home.
  • Transparent Process: EMI Free Loan facility will charge interest only on the amount you withdraw from the account but not on the entire amount. No bank or NBFC will ask for prepayments or hidden charges for processing your loan application. You can pay only the interest component on a monthly basis while the principal can be repaid in bullets at a regular interval of 3/6 months. 
  • No Collateral Required:  EMI Free Instant Loans are conveniently available on a secured and safe digital platform like LoanTap. These personal loans are essentially unsecured loans, where you don’t have to give any security and assets against the loan amount. It makes for a popular financing option available online and easy to access in just a few clicks. 
  • Cheaper than credit card: Free EMI Loans Online is an inexpensive solution that charges interest only on the loan amount. Using credit cards to handle the monthly expenses can cost you high-interest rates in the range of 24% – 36% annually. 
  • Easy Expense Management: Personal loans EMIs could create some pressure on you to compromise with your expenses till you pay off the loan. However, it is the opposite with EMI-free loans. You can manage the principal amount without any compromises in living a comfortable life as it doesn’t hurt your monthly budget. The best financial solution is to cover all the unexpected expenses with the instant cash available. 
  • No Prepayment Fees: The loan is offered with no prepayment charges, unlike other personal loans. If you fear paying huge prepayment charges, EMI Free Online Loans will reduce the burden of paying off the entire loan amount every month. There will be no charges for higher payments. No  Foreclosure charges are applicable post six months of disbursement. 

Needed Eligibility Criteria for Personal EMI Free Loans

The loan applicant is free to pay off the loan at your convenience. EMI Free Loan will help you with instant cash to live a stress-free life. LoanTap makes personal Loans available for those who are in need. Salaried employees are eligible for getting any personal loan if they qualify for all the eligibility criteria mentioned below. 

  • Identity proofs such as PAN card, Aadhar Card, Passport, Driving License. 
  • Address proof including Electricity bill, Aadhar card, telephone bill, passport, rent agreement.
  • Submit the three latest salary slips
  • Bank account statements for the last six months
  • You need to submit IT return filed copies for the last 2 years if self-employed

If you meet the eligibility conditions, visit our website or download the LoanTap app. Personal Loans are short-term loans that help you in times of emergency by lending a heavy amount. You can retain your savings and enjoy a standard of living with a higher credit amount. Prepayment charges are not applicable post six months of disbursement.

Documents Required for Availing EMI Free Loan

LoanTap can easily give you the loan amount with an easy and convenient application process. We offer EMI-Free Loans ranging from Rs 50,000 up to 10 lakhs depending on your eligibility and credit checks. To avail of the loan, take a look at the given list of the following documents to complete the process.

  • PAN
  • Address proof such as Aadhar Card/ electricity bill/ Water Bill/ Voter’s ID.
  • Payslips for the latest three months. 
  • Valid salary account bank statement for the last six months.

However, you will be asked to submit other documents if there’s a need during credit checks. Check all the documents before handing them over to our representative or uploading them. You can get your loan in 24 hours which is great in an emergency.

Steps to Apply for the Personal EMI Free Loans Online

LoanTap is an easy-to-access platform to get digital financial products. You can meet urgent needs without denting your monthly salary. It is an inexpensive solution where you will have affordable financing options and you only need to follow some basic steps:-

  • Step 1: Visit this link or go to the Apply Now button at the right corner of the webpage. Click on the button and build your application there. 
  • Step 2:  You can also choose the KYC verification online process. Complete the online process by installing the LoanTap app from Google Play Store.
  • Step 3: Once you have filled out the application form, you go upload the required documents to verify your profile. 
  • Step 4: You can also download documents and sign them to hand over to our representative.
  • Step 5: After verification of all the documents, your loan will be approved on the same day. We will activate instant disbursal of the loan for paying the bills.

After verification, the LoanTap team will credit the loan amount into your account. Try to repay the loan on the agreed repayment date. LoanTap offers you personal loans so that it can be helpful in occasional situations when you don’t have a sufficient account balance. It is the fastest way to get funds at your convenience. 

End-use of Personal EMI-Free Loan

Medical emergency

Medical emergencies add extra expenses and put pressure on your wallet. Even if you have savings, it may not cover those medical bills, surgeries, and treatments. You can get the money quickly when applying for EMI Free Personal Loans. It helps you to avoid using your savings for managing medical expenses.

Wedding Planning

Weddings are usually a grand affair for everyone. You have dreamt of a spectacular wedding with favorite cuisines and theme decorations. To have a fairytale wedding, you should have adequate finances to go a little overboard. You can get a Personal Loan with no restrictions on how you use the money. 


It is an exciting experience to move into a new home but financially daunting. You need to change location because of your job or other reasons. Either way relocating is stressful and can be expensive. During this situation, apply for a personal loan to pay the relocation expenses and movers’ fees. 

Unplanned vacation

Do you need to travel somewhere? But due to financial limitations, it is not possible to plan a trip or travel to another country, if you haven’t planned. You have the urgent desire to go on an unplanned vacation and don;t know how to finance it. Online EMI Free Loans can be disbursed to your account with minimal documentation so that you can enjoy a hassle-free holiday.

Home renovation

Renovation can exceed your financial budget and put a hole in your wallet. It does not mean you should skip the idea of revamping your house. With a Personal Loan from LoanTap, you can get a loan amount of up to 10 lakhs and renovate the home with new fittings and furnishings.

Kids’ education Fee

Education is constantly getting more expensive. You can’t compromise with giving your child a quality education or to fulfill your child’s aspirations. It offers you enough financial support they need through school and college. By applying for a Personal EMI Free Loan, you have the liberty to utilize the loan amount for paying things such as tuition fees, books, clothes, etc.

Apply Now