So, How does Advance Salary Loan work?
With Advance Salary Loan you will never feel the need to swipe 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. Disbursals are quick with minimum paperwork.
Why take Advance Salary Loan from LoanTap?
Instant approval & disbursal
Easy online process for loan sanction and fast disbursal within 24-36 hours
Flexible Repayment Option
Flexibility to switch to EMI free loan, enhancement and accelerated repayment option after 6 months of disbursal
Higher Loan Amount
Option to choose from amount ranging from INR 50,000 to INR 10,00,000 basis your requirement
Longer Loan Tenure
Flexibility to choose longer loan tenure from 6 months to 60 months making EMIs more affordable
We collect only what is basic minimum documents for all our custom personal loan products
No hidden charges, No pre-payment charges and secured processes
Basic Eligibility criteria for availing Advance Salary Loans with LoanTap
- Individuals with a minimum monthly income of INR 40,000
- Indian citizens/residents who are 21 years and above
Basic Documents required for availing Advance Salary Loans with LoanTap
- PAN Card
- Salary Slips (Last 3 months)
- Salary Account Bank Statement (3/6 months)
- Address Proof
Personal Loans Product Suite
Flexible Repayment options
Repayment done via Fixed Equated Monthly Installments, where EMI=Principal + Interest. Each Installment reduces both interest and Principal amount. Ideal when: You know the precise Loan Amount needed and your income is consistent.