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Amir Azam
by on July 3, 2021
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This might not be easy to select the best personal loan application. However, there are various options available such as CASHe Personal Loan, LoanTap Personal Loan, PaySense Personal Loan, and more. However, one can apply for personal loans through LoanTap's web platform, and the funds are disbursed through an in-house non-banking finance organization (NBFC). Loan Tap Personal Loan application offers loan amounts starting from Rs. 30,000 for the age of 21 years and above.  

Features of LoanTap Personal Loan

  • Loan amount: The maximum amount of a personal loan that a customer can get through LoanTap is determined by a number of parameters, including the borrower's income, occupation, age, employer, credit score, work experience, and so on. However, the loan amount accessible under this scheme typically ranges from Rs.50,000 to Rs.10 lakh.
  • Repayment period: The repayment period for these types of loans varies from 6 to 60 months. However, depending on the loan amount and the individual's income, the maximum repayment period eligibility varies from customer to customer.
  • Interest rate: The interest rates offered under this program start at 15% p.a. and can go as high as 24% p.a., depending on the applicant's eligibility. LoanTap calculates an individual's interest rate based on a variety of parameters including credit reports, personal circumstances, income, tenure, loan amount, and so on.
  • Online application process: When a person applies for a personal loan with LoanTap, he or she will be able to do so through the company's web platform. Customers will be able to apply for this scheme and receive the monies they require without having to leave their homes.

Eligibility criteria of LoanTap Personal Loan

To be qualified for a personal loan from LoanTap, the customer must meet the following requirements:

  • The borrower must be at least 23 years old.
  • The applicant should be at least 58 years old.
  • The person must be an Indian citizen.
  • The borrower must be a salaried employee of a reputable company.
  • The customer's minimum monthly net salary should be Rs.30,000.
  • A person must have at least two years of job experience.

Documents required for LoanTap Personal Loan

In comparison to other loans, the loan payout is quick and only takes a few papers. Listed below are the documents you'll need to apply for the loan.

  • PAN Card is required as a form of photo identification
  • Aadhar card, voter card, utility bill, driver's licence, or passport are all acceptable forms of permanent address evidence.
  • Your self-photograph of passport size
  • Salary slips from the most recent pay period

How to apply for LoanTap Personal Loan?

  • Step 1: Complete the online application form with all of the relevant information.
  • Step 2: Submit the completed loan application form, as well as digital copies of any required papers.
  • Step 3: Arrange for a company representative to visit at a time that is convenient for you.
  • Step 4: Downloading the documents according to the lender's checklist.
  • Step 5: Signing and presenting the official with the necessary documents.
  • Step 6: Before the loan is approved, the lender will verify the paperwork.
  • Step 7: Once the loan has been approved, the cash will be disbursed to the borrower's active bank account.

How to use LoanTap Personal Loan EMI Calculator?

Because the method is the same for all types of loans, you can use a personal loan EMI calculator to calculate the EMI of any type of loan, including a home loan, a personal loan, or even an education loan. Simply enter the following information into the calculator to calculate the EMI of a certain loan:

  • Amount of the principal loan
  • The loan's duration
  • Interest Rates
  • You will receive the result (the EMI) immediately after providing these settings.

 

  • To calculate your monthly outflow, you use the Personal Loan EMI Calculator.
  • Your EMI is what you get. It gives you no indication of how you can minimize your EMI over time, or even whether such a possibility exists.
  • When you click on that, you'll be transported to a platform where you'll be asked for a variety of personal information before you can apply for a loan.
  • LoanTap Personal loan Customer Care

Loantap offers a dedicated customer service line. You can call the customer care line if you are dissatisfied with the services offered by the application. You can either send an email to customer care at info@loantap.in or call Loantap at 788-804-0000 to express your issue or complaint.

Conclusion

You may forget about the headache of looking for loans that fit your requirements. LoanTap application is a one-stop shop and the best personal loan application for all of your financial needs. So, why wait to realize your ambitions? Get in contact with us if you're looking for unrivaled financial services. You can also contact Afinoz.com for any other financial queries or visit the official site of the application. Apart from this, you can also contact customer care.

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