Advance Salary Loan

Want Your Salary Early ? We are here!

There are events and expenses that take their own course. You cannot postpone a birthday celebration, a re-union party or give a miss to great travel deal.

This won't impact your CIBIL score

So, how does Salary Advance Loan work?

With Advance Salary Loan you will never feel the need of swiping your credit card. You get a line of credit or salary early up to 2.5 times of your net salary. Advance Salary loans are offered for short tenure of 3-12 months. They are repaid through equal monthly installments leading to NIL loan outstanding at the end of tenure. Apply online and get instant loan offers. Disbursal are quick with minimum paperwork.

LoanTap's Advantage


Why LoanTap's Advance Salary Loan?

Instant approval and disbursal

Apply for early salary online.Disbursal within 24-36 hours of application

Flexible Re-payment

Short term personal loan up to Rs 1,00,000 to be paid in tenure of 3-12 months.

Minimum documents

Basic minimum documentation for all our custom personal loan products

Transparent Processes

No hidden charges, No pre-payment charges.

eligibility-criteria

Eligibility Criteria for Advance Salary Loan

1

Salaried Professional with monthly income more than Rs 30,000

2

Individual working with a limited/private limited company or in a government job

Check My Instalment

Our loan is cheaper than other salary advance loans.

Key Features
ROI Per Month
Tenure
Repayment Methedology
Loan Amount
Other Salary Advance Loans LoanTap
4%-5% 2.5%
15 - 60 Days Flexible Tenure, from 3 - 12 Months
One Time Payment Lower monthly repayment-Equated Monthly Instalments
Upto one month salary Higher loan amount, as per eligibility checks
Check My Rate
Key FeaturesLoanTap
ROI Per Month 2.5%
Tenure Flexible Tenure, from 3 - 12 Months
Repayment Methedology Lower monthly repayment-Equated Monthly Instalments
Loan Amount Higher loan amount, as per eligibility checks
Check My Rate
Other Salary Advance Loans
4%-5%
15 - 60 Days
One Time Payment
Upto one month salary

How we make loans happen in 24-36 hours

online application
Online Application

Apply online, upload basic documents or mail us

record your time
Record your time for representative visit

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

verification sanction disbursal
Verification, sanction and disbursal

We check documents, verify them and activate instant disbursal online

Frequently Asked Questions


Advance Salary is a short-term loan against your salary, provided to meet some urgent personal needs. The loan amount can be as high as 2.5 times of your Net Salary. LoanTap Provides maximum loan amount under Salary Advance Program.
We offer Advance Salary Loans ranging from Rs 25,000-Rs 100000. Final loan amount calculation depends on your income eligibility and credit checks.
Advance Salary Loans are available for tenure of 3 months up to 12 months.Tenure depends on your choice and loan eligibility.
In Advance Salary, you repay the installment amount monthly on due dates, as per the agreement signed by you.
Yes, a flat processing fee of Rs 2500 +GST will be applicable on a loan amount up to Rs 50,000 and Rs 5,000+ GST for loan amount higher than Rs 50,000.
Salaried professionals with salary of Rs 40,000 and above.
We need below documents for processing your loan request-
  • PAN
  • Address proof
  • 3 months’ pay slips
  • 6 month’s salary account bank statement
However, we might request for few other documents if need arises during credit checks.
Since this is a short-term loan, part payments or foreclosures are not allowed.
Currently we are providing our Loans in Bangalore, Chennai, Coimbatore, Mumbai, Pune, Ahmedabad, Vadodara, Raipur, Bhopal, Indore, Jaipur, Delhi-NCR and Chandigarh locations.

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