Personal Loan

Already know your Personal Loan amount and want instant, easy and online process?

At LoanTap, we believe in fast online disbursal of Personal Loans and you will be happy to see outstanding loan reducing every month.

So, how does Personal Loan work?

We understand your emergency and therefore, have made Personal Loan available few clicks away. Besides quick disbursal, we also ensure higher loan amount with easy repayment options and desired flexibility. Check your eligibility for a Personal Loan online and instantly by getting started.

Why take Personal Loan from LoanTap?

Unplanned expense, medical emergency or any such situation can crop up unexpectedly. You may not have sufficient funds to meet this requirement. But keep your worry aside. LoanTap's Personal loan is available online, instantly and through a transparent process as you like it.
Instant approval and disbursal

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

Flexible Re-payment

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

Minimum documents

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

Transparent Processes

No hidden charges, No pre-payment charges


Eligibility Criteria for Personal Loan


Individuals with a minimum income of INR 30,000


Indian Citizens/Residents who are 21 years old & above.

Flexible Instalment Options

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

Term Loan

Repayment done via Fixed Equated Monthly Instalments, where EMI = Principal + Interest.
Each instalment reduces both interest and Principal amount.

Ideal when: You know the precise Loan Amount needed and your income is consistent

How we make loans happen in 24-36 hours

online application
Online Application

Apply online, upload basic documents or mail us

record your time
Record your time for representative visit

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

verification sanction disbursal
KYC & Fund transfer

We check documents, verify them and activate instant disbursal online

Frequently Asked Questions

Any individual with a monthly income more than Rs 30,000 can apply online and check eligibility at You will need to fill in few basic information to know your basic eligibility instantly. Final loan amount is decided on basis of your eligibility and credit checks.
We need below documents for processing your loan request-
    • PAN
    • Address proof
    • 3 months’ pay slips
    • 6 month’s salary account bank statement
    • e-NACH mandate form
However, we might request for other documents if need arises during credit checks.
We have a very quick and efficient underwriting system which ensures that we deliver to you on time. It usually takes from 24 hours to 36 working hours; provided all documentation and credit checks are in place.
We offer personal loans from Rs 50,000 up to Rs 10 Lacs. Final loan amount is decided on basis of your eligibility and credit checks.
For Short Term Personal Loan, it is minimal. For example, for Personal Loan of Rs 1 Lakh and for 60 months tenure, difference between EMIs at 14% and 18% interest rate is approx. Rs 213 per month. Check our Personal Loan EMI Calculator for further clarity on the subject.
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
Personal Loan is available in cities where LoanTap is operational. Currently we are providing our loans in Bangalore, Hyderabad, Chennai, Coimbatore, Mumbai, Pune, Ahmedabad, Vadodara, Raipur, Bhopal, Indore, Jaipur, Delhi-NCR and Chandigarh locations.

Many of our customer also considered following
customized personal loans

EMI Free Loan
Personal Loan
Personal Overdraft
Wedding Loan
Holiday Loan
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Advance Salary Loan
House Owner Loan
Rental Deposit Loan
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