So, How does House Owner Loan work?

You can now meet all home renovation and repair needs with our customised Personal loan offering. You can spread out the loan over a longer tenure and repay in fixed monthly installments towards the principal outstanding amount.

Why take House Owner Loan from LoanTap?

Home is where your heart is. Do not delay the decision of making your home, dream home.Get it designed or renovated now with LoanTap’s unique personal loan – House Owner loan.

Instant approval & disbursal

Instant approval & disbursal

Easy online process for loan sanction and fast disbursal within 24-36 hours
Flexible Repayment Option

Flexible Repayment Option

Flexibility to switch to EMI free loan , enhancement and accelerated repayment option after 6 months of disbursal
Higher Loan Amount

Higher Loan Amount

Option to choose from amount ranging from INR 50,000 to INR 10,00,000 basis your requirement
Longer Loan Tenure

Longer Loan Tenure

Flexibility to choose longer loan tenure from 6 months to 60 months making EMIs more affordable
Minimum documents

Minimum documents

We collect only what is basic minimum for all our custom personal loan products
Transparent Process

Transparent Process

No hidden charges, No pre-payment charges and secured processes
Basic Eligibility Criteria for availing availing Personal Loans with LoanTap
  • Individuals with a minimum monthly income of INR 30,000
  • Indian citizens/residents who are 21 years and above
Basic Documents required for availing Personal Loans with LoanTap
  • PAN Card
  • Salary Slips (Last 3 months)
  • Salary Account Bank Statement  (3/6 months)
  • Address Proof

Personal Loan Product Suite

No matter what your requirement, use LoanTap’s Special Purpose loan to fulfill all your needs.

House Owner Loan

Rental Deposit Loan

Holiday Loan

Wedding Loan

Medical Loan

Credit Card
Takeover Loan

Two wheeler loan

Electric
Two wheeler loan

Premium Bike Loan

Personal Loan

EMI Free Loan

Personal Overdraft

Advance Salary

Flexible Repayment options

Final installment options for a loan will be decided based on your profile and inputs.

Term Loan

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.

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EMI Free

Interest only payment every month (40% lower monthly installment versus regular EMI) coupled with Bullet Payment every 3/6 months towards Principal.

Ideal when: You receive additional income or an incentive every 3-6 months.

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Step Up

Interest only Payment for 3 months followed by fixed EMI. Gives you space to manage expenses post an event.

Ideal when: Heavy expenditure is involved in a particular event such as Wedding or a Medical Emergency.

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Your Personal Loan, Your Way!

Avail our personal loans through your preferred platform and enjoy unmatched convenience at your fingertips…

Apply Using
Website
Apply Using
Our App
iOS
Apply Using
WhatsApp

Frequently Asked Questions

This loan is for house owners who need money for anything pertaining to their house, like home renovation, interior work, etc. This loan offers multiple repayment options viz., EMI Free, Step Up, and Term Repayment Plan.

LoanTap offers House Owner Loan ranging from Rs 50 thousand up to Rs 10 Lakhs. Final loan amount decision is taken on the basis of your eligibility and credit checks.

This loan is available to both salaried and business professionals. You only need to provide basic documents for loan processing.

For Salaried customers –

PAN,
Address proof,
6 months’ salary account statement,
e-NACH mandate form,
Additionally, the customers need to submit 3 months’ payslips or copy of Home Loan sanction letter.

For Self-employed customers –

PAN,
Address proof,
Copy of Home Loan sanction letter,
Business proof,
6 months bank statement,
e-NACH mandate form.

Currently we are providing our loans in Bangalore, Hyderabad, Chennai, Coimbatore, Mumbai, Pune, Ahmedabad, Vadodara, Raipur, Bhopal, Indore, Jaipur, Delhi-NCR, Ajmer, Lucknow, Mysore, Visakhapatnam, Kolkata, Howrah, Bhubaneshwar, Patna, Nagpur, Nashik, Rajkot, Surat and Chandigarh locations.

Processing fee for this loan is 2%+applicable taxes; on the gross loan amount sanctioned.

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.

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.

House Owner Loan offers 3 repayment options viz., Term Repayment Plan (Pay equal monthly installments throughout the tenure), Step Up Repayment Plan (interest only payment option for the initial 3 months, followed by fixed EMIs) and EMI Free (Interest payment every month and bullet payments towards principal outstanding every 6 months). The decision of the final repayment plan is taken on basis of your eligibility and credit checks.

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.

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.