Rental Deposit Loan
Renting new apartment? Avail personal loan for security deposits.
Customized personal loan for security deposit payment to landlord for 11, 22 and 33 months tenure. You pay us only interest on total loan taken.
So, how Rental Deposit Loan works?
Renting new apartment means hassle. Right from searching to shifting in new accommodation. Expenses can be overwhelming. For salaried individuals, who move locations, changes homes, customized personal loans like Rental Deposit Loan helps solve financial worry for the security deposit of rented properties.
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Why LoanTap's Rental Deposit Loan?
In big cities, wherein tenant has to pay advance rental of 8-12 months as a security deposit, it becomes a major deterrent in finalizing one's choice of home. The loan amount is paid to the landlord directly and the tenant pays the interest on the principal loan amount calculated for the duration of the rental lease. The principal loan amount is paid back to LoanTap upon lease termination. This helps you ease the worry of a big financial ticket while shifting.
Instant loan processes and minimum documents
Apply online. Disbursal within 24-36 hours of application with minimum documents
Keep savings intact
Nominal monthly outgo therefore no impact on savings or investments while renting new apartment
First to offer
LoanTap is first and only one to offer you this unique personal loan for security deposit
No hidden charges, No pre-payment charges. Minimum documentation & secured processes
Eligibility Criteria for Rental Deposit Loan
Salaried Professional with monthly income more than Rs 30,000
Individual working with a limited/private limited company or in a government job
Check My Instalment
Instalment in case of Rental Deposit Loan is ONLY interest payment by the tenant for the desired tenure of the lease agreement.
|Monthly Instalment / Minimum Payment|
|Time to Disburse|
|Rs. 2327||Rs. 1500|
|5-7 days||Next Business Day (24-36 hours)|
|36-48 Months||Upto Lease Period|
|4% after Lock-in||Zero after 6 Months|
|Check My Rate|
|Monthly Instalment / Minimum Payment||Rs. 1500|
|Time to Disburse||Next Business Day (36 hours)|
|Tenure||Upto Lease Period|
|Foreclosure Charges||Zero after 6 Months|
|Check My Rate|
|4% after Lock-in|
How we make loans happen in 24-36 hours
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.
Verification, sanction and disbursal
We check documents, verify them and activate instant disbursal online