Salary Overdraft

Enjoy Financial Freedom With Salary Overdraft

This won't impact your CIBIL score
* Conditions Apply

Enjoy Financial Freedom With Salary Overdraft instead of Early Salary or Pay Day Loans

A Salary Overdraft works far more efficiently than a Pay Day Loan or Early Salary. The withdrawal limit (loan amount) allowed under such program is 2 to 3 times of your annual salary, where as maximum Pay Day or Early Salary loan can be equal to your monthly salary. So, effectively Salary Overdraft amount is 24 to 36 times of your Salary. What more? You can use as much as you want and you have to pay interest only on the amount withdrawn against the limit. These loans are fully flexible, can be paid any time during the loan period and again withdrawn.
So, if you carry run a regular Salary Overdraft with Loantap, then you may not need to take another loan to pay your personal loan EMI or Early Salary EMI or Pay Day Loan EMI. Salary Overdraft loans are pay as you use facility, ready to come to your rescue the moment you want.

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How Salary Overdraft Benefits You?

Flexible Repayment

Pay Principal Amount As Per Your Convenience

Low Interest Cost

Pay Interest Only On Amount Utilized

Easy Documentation

Loan Processed With Minimal Documents

Nil Foreclosure Charges

No Charges Applicable On Part Payment Or Foreclosure

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So Simple

Three easy steps to disbursal

Online sanction

Fill your information online, and upload or mail basic docs as per your convenience.

Record your preferred time for Representative Visit

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

Seek Disbursal

Once the document reaches our office, post verification we will activate disbursal

Product Suite

EMI Free Loan EMI Free Loan
Personal Overdraft Personal Overdraft
Personal Loan Personal Loan
Credit Card Takeover Credit Card Takeover
Advance Salary Advance Salary
Rental Deposit Rental Deposit
Wedding Loan Wedding Loan
Holiday Loan Holiday Loan
Premium Bike Loan Premium Bike Loan
Being Human ECycle Being Human ECycle

Frequently Asked Questions

Do I have an option to pre-close the loan?
Yes, you can pre-pay the loan facility post 6 months of disbursement. No foreclosure charges are applicable post 6 months of loan completion, however within 6 months you can prepay your loan with minimal charges
How much is the processing fee for availing this loan?
Processing fee for this loan is 2%+applicable taxes; on the gross loan amount sanctioned.
Can I make part payments/higher payments towards my loan outstanding? Any charges applicable?
Yes, you can make higher payments towards your loan. No charges for higher payments or foreclosure are applicable post 6 months. Within 6 months you can make part payments or foreclosure-with minimal charges applicable.
Where do I see my outstanding balance?
You can check your loan details by accessing “My Account” feature on our website. You will need to login using your registered email ID.