Denice R. Preston
Are you having financial difficulties? Personal loans are a great option for all your financial needs. A personal loan can be used to start a company, purchase expensive gadgets, or pay for education courses. You can get complete financial help and manage your expenses without exhausting all of your savings.
Salaried workers and the self-employed can apply for online personal loans through non-banking financial institutions like LoanTap. You can get instant cash when dealing with urgent bills or sudden emergencies.
Personal loans are quick loans that don’t require any collateral. Your income, CIBIL score and repayment history will all play a role in determining the amount. The loan amount ranges from Rs. From Rs.50,000 to Rs. 10 lakhs. Borrowers can choose to repay the loan amount over a longer-term.
Ways LoanTap fulfills your Personal Loan Needs.
- Instant Loan Approval Money is now. There are no or very few funds available to address any financial emergency. You can’t wait to get cash in such an emergency. Your loan approval process will take only a few minutes if all your documents have been verified and are in order.
- Affordable Rates: Personal loans are available online at lower interest rates than credit cards. It takes less time to credit the amount to the borrower’s bank account. Instant personal loans are available at lower rates. Because of the high cost of living, cash loans with lower interest rates are highly desirable.
- Less paperwork: Are you tired of filling in paperwork? Online personal loans allow you to get a loan without needing any paperwork or physical verifications. The loan application process is simple. With minimal documentation, you can verify your credit score and other details.
- Flexible Installments The main concern for Borrowers is managing the monthly installments. They already pay multiple bills and manage their monthly budget. Loan repayments can be an additional burden on expenses. LoanTap offers personal cash loans that you can repay in flexible installments, keeping in mind the real issue. You can choose a tenure of six months up to sixty months. You can pay only interest-only EMIs for the first three months and regular EMIs after that. You can also opt for EMI-free loans, which pay the principal and interest in monthly or quarterly bullet payments.
- Applying for an online personal loan is easy. Log in to the app or website and enter your details. The lender approves your loan within 24 to 36 hours. However, a lender might reject your loan application if you have a lower credit score. Keep your credit score between 580 and 630, and pay all dues promptly.
- High Loan Amount: Borrowers can choose between 50,000 and 10,00,000. Your credit history and eligibility will determine the final amount.
- No collateral required: As it isn’t secured, this type of loan does not require collateral. This loan is unsecured, allowing borrowers to obtain a loan without any assets.
Personal Loan from LoanTap for 7 Personal Needs
Personal loans are available to meet all types of borrower needs. LoanTap has seven types of personal loans that can be tailored to your needs. Check out the following reasons to use online personal loans:
- Electronic and Renovation Loan: If your home appliances are old or experiencing scorching heat, you may need to upgrade your refrigerator or AC. A new home appliance can make your home more stylish and convenient. Personal loans can be used to buy furniture and other consumer durables.
- Weddings: Although they may be expensive, you can still enjoy this wonderful occasion to its fullest. Many couples choose luxurious venues and lavish decor to make their wedding day memorable. A marriage loan is a great option if you have a large budget for your dream wedding.
- Rent Deposit Loan: It can be difficult to move and change homes. A rental Deposit can help you cover the rent expense. If your lease is terminated, the landlord may repay the LoanTap loan amount.
- Medical Loan: Financing is your top concern if you have a medical emergency. The loan can pay for medical expenses, treatment, bills, and surgeries. You can get personal loans to help you in difficult situations.
- Holiday Loan: Are you planning to take a vacation this weekend? Personal loans can also be used to finance your holiday dreams. Personal loans can be used in many areas, including travel. Personal loans can be used to book your dream vacation if you’ve been saving for years but not enough.
- A house loan is a loan you can use to purchase a home or apartment in the city. You can get a quick personal loan to finance your dream home. It is possible to apply online for a personal loan in India if you have a steady income. This is a good option for business owners looking to establish an office.
How to Get an Instant Personal Loan From LoanTap
LoanTap makes it easy to obtain a personal loan online. Based on your needs and goals, you can get any amount. Here is a quick guide for completing the online loan application. These are the steps to follow:
- Step 1: Download LoanTap to your Android or iOS Device.
- Step 2: Before applying for a loan, make sure you have checked your eligibility requirements
– You must have at least 21 years old to apply.
– Must have a monthly income of 35,000
- Step 3: Gather all required documents to complete the KYC process
- PAN Card
- Aadhar Card
- Statements from banks for the past six months
- Payslips from the last three months
- Step 4: After uploading all documents, wait for your KYC process to be completed.
- Step 5: Once your KYC has been verified, you’ll receive the loan approval mail. Voila! Voila! Your money has been transferred!
