Get Immediate Salary Advance Loan in Kolkata

Kolkata is a beautiful city famous for art galleries, British colonial architecture, antiquated trams, ancient temples and much more. It is popularly known as the commercial and financial hub in North-East India. This third most populous metropolitan city of India is a pioneer in drama, education, art, theater, and literature with several popular Nobel Laureates.

Leading a better life in Kolkata can be expensive for working professionals. To maintain the rising necessity of a healthy and modern lifestyle requires rigorous planning of money management. Sometimes, you face a cash crunch when emergencies knock on your door. But, we at LoanTap help you solve all your cash-related issues at the month-end through flexible payment options.

What is an Advance Salary Loan?

The time comes when you struggle to manage extra expenses. Your savings can help to bridge the gap. However, not always you can solely depend on the savings to cover the increased expenses. It can include sudden home remodeling, birthday celebration, medical emergency, and relocation for Job. Here, Salary Loans can help you as short-term loans, which avail you of the immediate funds of up to 2.5% of your net monthly salary. Advance Salary Loan provides you with a credit line for salaried professionals. It is suitable for individuals facing a cash crunch for a smaller amount and can be used for urgent expenses. 

How do Advance Salary Loans work in Kolkata?

LoanTap provides you with early salary loans to fill in gaps for requirements and can be repaid with convenient repayments. Advance Salary Loans are best suited for salaried professionals and come with a flexible tenure of 6 months – 60 months. Instant credit loans are useful with the loan amount ranging between INR 25,000 – INR 1,00,000, which depends on your monthly salary and bank statements. It reduces the burden of paying higher interest rates. You can repay instant Salary Loans in the form of EMIs, which are the sum of interest and principal amount. You don’t need to follow lengthy documents and the verification process. Once you submit the identity proofs and bank statements, we will approve your loan within 24-36 hours.

Eligibility Criteria to Apply for Salary Advance Loan in Kolkata

Salary Advance Loan can lend the amount with no prepayment charges. You can repay the loan within less than a year. At LoanTap, you can use Early Salary Loans for various purposes. Instant Advance Loans for Salaried Professionals can resolve money issues and help you to maintain a decent credit score. Here is the checklist to know your eligibility score for qualifying the instant salary loans in India:-

  • You should be an Indian citizen or resident
  • You should be between 21 – 58 years of age.
  • You must have a minimum net monthly income of INR 30,000/-.
  • You must be a full-time salaried employee.

Your creditworthiness is verified by checking your credit health and history. It is defined by your CIBIL score that displays your promptness in repaying loans. LoanTap will match all the parameters and verify your eligibility for the instant salary advance loan. 

Documents Required to Apply for Salary Loans

Salary Loan provides the loan amount to working professionals with a steady income. LoanTap provides you with an accessible platform to avail of quick personal loans from the comfort of your home or office. Here are the basic documents required to verify your profile and complete the loan application process in just a few hours. 

  • PAN Card
  • Address Proof like Electricity Bill/Telephone Bill/Rental Agreement/Passport.
  • Identity Proof like Driving License, Adhar Card/ Passport
  • Payslips of last three months
  • Bank statement for the last six months

With all the verified documents, you can apply for salary loans. You can upload all your documentation on the LoanTap website. After successful uploading, wait for the response. It takes a few minutes to complete the one-time registration process and get the instant cash for personal needs at your fingertips. 

Steps to Apply for Salary Advance Loan Online

Applying for Salary Advance Loan is a quick process with minimal documentation. You need to follow a few steps to sign in and request an instant personal loan. If the process is done, you might get the same-day approval with no compromise. If you are not aware of how to apply for Salary Advance Loan, look at the steps mentioned below:-

  1. Install the LoanTap app from Google Play Store or visit the page to apply online.
  2. Filling out the application with basic details like email address and residential address.
  3. After creating a profile, check out the offers and enter the desired loan amount.
  4. Upload the basic documents or mail them to the team directly with proper validation.
  5. Now, wait for the LoanTap team to complete the verification of your credit score and other details.
  6. After instant verification,  LoanTap will send an approval mail and activate the instant disbursal online seamlessly. 

The loan amount will be disbursed to your account to withdraw as per your convenience. Try to repay the loan on the agreed repayment date to keep your credit score healthy and set a higher credit limit. LoanTap has a simple and efficient digital lending platform that helps you to avail of the loan with no paperwork. We can disburse the advance loan with attractive interest rates and flexible tenure options.

Benefits of Advance Salary Loan

LoanTap offers Advance Salary Loans to support you financially and stop you from spending savings on heavy expenditures. Your loan amount will be decided based on your eligibility and credit checks. Salary loans come with multiple benefits to let you enjoy financial freedom by providing a choice to repay the loan amount.

  • Quick Loan Approval: Instant Advance loan can get disbursed into your account within 24-36 hours. Applying for any personal loan is a paperless process with minimal documentation and simply filling out details online. It is popular amongst the millennials with features of instant activation of disbursement after the successful verification process. 
  • Collateral Free Loans: It is typically offered as unsecured loans, where borrowers can apply for the loan submitting no collateral against the advances. LoanTap’s Team will never ask you to pledge a security or asset to request personal loans to cater to unexpected financial situations.
  • Minimum Documentation: You don’t need to visit any bank to complete the paperwork or fill any forms to verify your identification. However, you make sure all the documents, including identity proof, address proof, and bank statements are verified. After arranging the documents, you can upload them and get approval on the same day.
  • Transparent Process: There are no other hidden charges to access the Early Salary Loan. The team will take a processing fee of Rs 2500 + GST for loans up to Rs 50,000 and a Rs 5,000 + GST processing fee to credit the amount of Rs 50,000 or above. This processing fee will be deducted from the loan amount. 
  • Flexible Repayments: This feature allows you to plan your loan budget and pay on time to keep up the credit score. Either way, you can repay the amount as EMIs or make bullet payments to pay off the entire amount. You can get the Early Salary Loans with EMIs up to INR 1,00,000 for the tenure of 3 -12 months.

How you can Use Advance Salary Loans in Kolkata ?

It can get quite difficult and overwhelming when you need to manage your life in the beautiful city of Kolkata. At LoanTap, we understand your dreams and aspirations and help you fulfill them. We help you live a balanced life without having to worry about cash crunches and short-term monetary worries. Advance Salary Loans get credited directly into a bank account. You can withdraw that loan money to use for various purposes. Some reasons to use the high loan amount in a better way are:-

Renovating House: Your house needs renovation to upgrade the look or repair the old-fashioned ambience. But, your financial budget is out of scope to hire a renovation constructor. Borrowers can apply for an Advance Salary Loan to get extra cash up to 1 lakh with minimal charges for home renovation expenses.

Make a Deposit: You have found a nice apartment on lease or want to buy a bike. But, you are short-handed with money and unable to make deposits to turn your dream into reality. With Salary Loans in Kolkata, you can purchase your very first two-wheelers or pay the rental deposit to rent an apartment in urban areas. 

Credit Card Debts: At the end of the month, you may get the notification to pay credit card dues. But, you don’t have enough balance to consolidate your credit card debts. Negative credit history can impact your account. It could become a hurdle for you in getting any other financial products in the future. It’s better to sign up for the Early Advance Loan for debt consolidation. 

Medical Emergency: Sometimes, you may face medical emergencies that can cause thousands of rupees in medical bills. You cannot avoid such unexpected situations in life. But, one feels hopeless when there’s no money to pay those bills. In this situation, Advance Salary Loan can save the day  by giving immediate cash in hard times.

Traveling: You want to go for a relaxing trip, away from the hustle and bustle of city life. But, your financial condition stops you from planning a trip. LoanTap’s Salary Advance Loans gives you an affordable solution by providing finance to plan a luxurious holiday vacation. You should have a good CIBIL score to get a holiday loan from LoanTap.

Festive Shopping: Festive occasions like weddings or Diwali are boring without glamorous clothes and accessories. Everyone gets excited to shop for weddings or other festivals to make it memorable. But your monthly salary always goes into paying the bills and rent. There are a few days left for next month’s salary. Request an early salary loan online in Kolkata to handle all your shopping purchases.

Home Repair: Your house is looking quite outdated. It needs a makeover to look modern and contemporary. Home Revamping needs the right tools and a professional to repair the walls or ceilings of your home with style. It can be expensive if you don’t have a budget for home repairs. Salary Loans give you time to plan a budget and apply for the exact loan amount with flexible tenure. 

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