Loan tap Personal Loan

Loan Tap is considered as one of the best lenders that provide loan products exclusively for people belonging to the running generation. By running we mean the young millennial adults. No one has the time to relax and hence in a slow segment like the loan industry, Loan Tap will offer instant and flexible loans to salaried and self employed professionals within the snap of a finger.

With the latest technology and streamlined processes, Loan Tap aims to help each customer get instant money so they can solve all their problems instantly. There are 3 specific products that you can resort to;

 

The third loan product by LoanTap is called as the Home loan track repayment based Personal loan. What makes this loan special is that there is just one requirement in order for someone to apply for this loan and that requirement is a "Home loan" in your name.

When you have a home loan track repayment record of more than 9 months, you can then be eligible to apply for a personal loan via LoanTap. Apart from this, you need to be a salaried employee.

Features & Benefits :

  • Age - Minimum 25 to Maximum 55
  • Home loan amount - Your current home loan amount must be minimum 30 lacs
  • Bank names - Your home loan must be from the following banks: HDFC, ICICI, Axis, LIC Housing finance, SBI, CitiBank, Standard Chartered Bank, HSBC, Bajaj, Kotak, L&T Housing Finance. Only then can you apply for this personal loan.
  • Loan amount - The personal loan amount will be given up to the value that equals 7% of your home loan amount sanctioned. In totality, minimum loan amount is 2 lacs and maximum is 10 lacs.
  • Interest - 18%* (Reducing balance method)
  • Processing Fees - 2% + Taxes
  • Part payment & foreclosure - Nil after 6 months
  • Overdraft facility - You can also be eligible for an overdraft facility only when your salary is more than Rs.1 lac per month net salary (12 Lacs per annum)
  • Minimum credit score - 680+
  • Tenure - 1 to 5 years

Another popular loan product is LoanTap's credit card based Personal loan. Such a loan is given purely on the basis of your credit card limit. Yes, you can get pre approved loans based on your credit card limit. What makes this product a hit with the customers is the fact that today almost every salaried and self employed professional has a credit card. Hence they can utilize this loan product and sort all their expenses.

Features & Benefits :

  • Age - Minimum 25 to Maximum 55
  • Loan Amount - You can get up to 1.5 times of your Credit card limit.
  • Minimum Credit Card Limit - Minimum Credit Card Limit - Rs 50,000
  • Minimum loan amount - Starting from Rs.50,000 - 5 lacs
  • Loan Tenure -1 to 3 years
  • Interest Rate - 18%* (Reducing balance method)
  • Processing Fees - 2% + Taxes
  • Part payment & foreclosure charges - Nil after 6 months
  • Minimum salary - Rs.30,000 net (Only bank transfer. No cash & cheque salary will be entertained)
  • Minimum credit score - 675+
  • Ongoing unsecured loan - Must not have more than 5 existing loans

The third loan product by LoanTap is called as the Home loan track repayment based Personal loan. What makes this loan special is that there is just one requirement in order for someone to apply for this loan and that requirement is a "Home loan" in your name.

When you have a home loan track repayment record of more than 9 months, you can then be eligible to apply for a personal loan via LoanTap. Apart from this, you need to be a salaried employee.

Features & Benefits :

  • Age - Minimum 25 to Maximum 55
  • Home loan amount - Your current home loan amount must be minimum 30 lacs
  • Bank names - Your home loan must be from the following banks: HDFC, ICICI, Axis, LIC Housing finance, SBI, CitiBank, Standard Chartered Bank, HSBC, Bajaj, Kotak, L&T Housing Finance. Only then can you apply for this personal loan.
  • Loan amount - The personal loan amount will be given up to the value that equals 7% of your home loan amount sanctioned. In totality, minimum loan amount is 2 lacs and maximum is 10 lacs.
  • Interest - 18%* (Reducing balance method)
  • Processing Fees - 2% + Taxes
  • Part payment & foreclosure - Nil after 6 months
  • Overdraft facility - You can also be eligible for an overdraft facility only when your salary is more than Rs.1 lac per month net salary (12 Lacs per annum)
  • Minimum credit score - 680+
  • Tenure - 1 to 5 years

Loan Tap Personal Loan











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