Advance Salary Loan

Want Your Salary Early ? We are here!

There are events and expenses that take their own course. You cannot postpone a birthday celebration, a re-union party or give a miss to great travel deal.

So, how does Salary Advance Loan work?

With Advance Salary Loan you will never feel the need of swiping your credit card. You get a line of credit or salary early up to 2.5 times of your net salary. Advance Salary loans are offered for short tenure of 3-12 months. They are repaid through equal monthly installments leading to NIL loan outstanding at the end of tenure. Apply online and get instant loan offers. Disbursal are quick with minimum paperwork.

Why LoanTap's Advance Salary Loan?

Instant approval and disbursal

Apply for early salary online.Disbursal within 24-36 hours of application

Flexible Re-payment

Short term personal loan up to Rs 1,00,000 to be paid in tenure of 3-12 months.

Minimum documents

Basic minimum documentation for all our custom personal loan products

Transparent Processes

No hidden charges, No pre-payment charges.

Apply Now

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eligibility-criteria

Eligibility Criteria for Advance Salary Loan

1

Individuals with a minimum income of INR 30,000

2

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

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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

Apply Now

Frequently Asked Questions

What is Advance Salary Loan ?
Advance Salary is a short-term loan against your salary, provided to meet some urgent personal needs. The loan amount can be as high as 2.5 times of your Net Salary. LoanTap Provides maximum loan amount under Salary Advance Program.
We offer Advance Salary Loans ranging from Rs 25,000-Rs 100000. Final loan amount calculation depends on your income eligibility and credit checks.
Advance Salary Loans are available for tenure of 3 months up to 12 months.Tenure depends on your choice and loan eligibility.
In Advance Salary, you repay the installment amount monthly on due dates, as per the agreement signed by you.
Yes, a flat processing fee of Rs 2500 +GST will be applicable on a loan amount up to Rs 50,000 and Rs 5,000+ GST for loan amount higher than Rs 50,000.
Salaried professionals with salary of Rs 40,000 and above.
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 few other documents if need arises during credit checks.
Since this is a short-term loan, part payments or foreclosures are not allowed.
Currently we are providing our Loans in Bangalore, Chennai, Coimbatore, Mumbai, Pune, Ahmedabad, Vadodara, Raipur, Bhopal, Indore, Jaipur, Delhi-NCR and Chandigarh locations.

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