Loantap Credit Personal Loan

4.5

Loantap Credit Products Private Limited Personal Loan is a flexible loan option that can help you meet your financial needs. The loan amount is up to Rs. 5 lakhs, and you can choose from flexible repayment options. The interest rates are competitive, and the loan processing is fast and hassle-free. You can easily apply online, and the loan amount will be credited to your bank account within 24 hours.

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Loantap Credit Products Private Limited Personal Loan

Interest Rate

11% - 24%

Loan Amount

₹50K - ₹10L

EMI Per Lakh

₹2,174 - ₹2,877

Processing Fees

Processing: Online TAT: 1 Day to 4 Days

Pre-Payment Charges

NIL After 6 Month

Features and Benefits of Loantap Credit Products Private Limited personal loan

Loantap offers a number of options to assist you get a personal loan quickly and easily to satisfy your financial needs. Customers are drawn to Loantap personal loans by the following characteristics, in addition to the customised services:

  • Unsecured loans are personal loans. Personal loans don’t require collateral, making them accessible to a large number of youthful applicants.
  • Personal loans are simple to obtain.
  • Applying for personal loans online is a straightforward procedure that anybody can understand.
  • A personal loan just requires a small amount of documentation.
  • A personal loan application does not require any papers. All you have to do now is upload the appropriate paperwork for a personal loan.
  • From start to end, the personal loan procedure might take anywhere from 24 to 36 hours.
  • In collaboration with SBM Bank and Rupay, LoanTap gives you the LIMITLESS Platinum & Platinum Plus Cards.
  • Users may enjoy endless benefits with their Limitless cards! You can convert your outstanding debt into simple EMIs in addition to the Buy Now Pay Later option. You may borrow up to INR 10,00,000 and pay it back over a period of up to 36 months!

Loantap Credit Products Private Limited Personal Loan Overview

If you are looking forward to meeting your lifestyle goals or require funds for medical and unexpected emergencies, Loantap has just the right type of personal loans for you to avail. With their attractive interest rates and quick loan disbursal facility you can avail their loan with easy loan repayment feature and desired flexibility. So, check out the loan eligibility for marriage, holiday or other emergencies and you can apply for Loantap Credit Products Private Limited personal loan online.

Documents Required for Loantap Credit Products Private Limited personal loan

LoanTap makes applying for a personal loan a breeze. To apply, simply fill out an online application and attach the Loantap Credit Products Private Limited personal loan requirements or documents:

  • PAN Card for proof of identity
  • Aadhaar Card/ Driving Licence/ Passport /Gas or electricity bill/ Rental Agreement/Voter ID/ Ration Card/ Bank Statement for proof of address
  • PAN Card or passport for signature proof
  • Salary slips for the last three months
  • Bank statements of the salary account

Loantap Credit Products Private Limited personal loan online application will be evaluated by the team of LoanTap. The loan will be authorised and disbursed within 24-36 hours if your credit score is excellent and your documentation are in order.

How the EMI calculation works for Loantap Credit Products Private Limited personal loans?

The Loantap online EMI calculator can help you calculate your monthly EMI. The calculator is divided into three sections: loan term, interest rate, and loan amount. You may calculate the EMI by inputting the personal loan’s relevant interest rate, the amount of money you need to borrow, and the loan’s term.

How Loantap Credit Products Private Limited compares with other lenders?

The following table compares Loantap to the other popular personal loan lenders in India. The interest rate offered was used to do this comparison.

NBFCs/Banks Interest Rates (annual)
IDFC First Bank 10.49% – 23%
SBI 9.60% – 13.85%
HDFC Bank 10.25% – 21%
PNB 7.90% – 14.50%
ICICI Bank 10.50% – 19%
Axis Bank 10.25% p.a. onwards
Kotak Mahindra Bank 10.25% onwards
IndusInd Bank 11.00% onwards
Bajaj Finserv 13.00% onwards
Tata Capital 10.99% onwards

FAQs

From refinancing to reducing your interest, we have the answers right here.

Can I switch to floating rate from a fixed rate during my loan tenor?

Yes, for a modest cost, you can convert to a variable interest rate at any moment throughout the loan term.

Is Opting For a Personal Loan Worth It?

Unexpected expenses, medical emergencies, and other situations might arise at any time. You might not have enough money to satisfy this criterion. But don't be concerned. Personal loans from LoanTap are available online, promptly, and in a transparent manner.

When Does the Personal Loan Repayment Period Start?

They offer a highly swift and efficient underwriting method that assures on-time delivery. If all documents and credit checks are in order, it normally takes between 24 and 36 hours. The repayment of a personal loan begins the month after the loan is disbursed.

What Is the Minimum Salary for A Personal Loan?

To avail a personal loan at Loantap, the borrower must have an income of at least Rs 30,000.

What is the interest rate of personal Loan in Loantap Credit Products Private Limited?

Loantap Credit Products Private Limited personal loan interest rate and repayment process depends on the type of loan availed. Their customer interface is transparent, they provide complete details on loan scheme at the time of application as well as at the time of signing loan agreement. The rate of interest of the personal loans may vary from 14% to 18% depending on the type of personal loan you are availing.

What are the benefits Loantap Credit Products Private Limited Provides on personal Loan?

Unsecured loans are personal loans. Personal loans don't require collateral, making them accessible to a large number of youthful applicants. These loans are quite simple to obtain. Applying for personal loans online is a straightforward procedure that anybody can understand.

What are the documents required in Loantap Credit Products Private Limited for a personal Loan?

Below are the documents required for Loantap Credit Products Private Limited personal loan -

  • PAN
  • Address proof
  • 3 months’ pay slips
  • 6 month’s salary account bank statement
  • e-NACH mandate form

However, they might request for other documents if need arises during credit checks.

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