| Interest Rate | 20% |
| Duration | From 30 Days |
| Access Level | Public |
| Company Name | LoanTap Financial Technologies Private Limited |
| Phone 1 | +917888040000 |
| Phone 2 | |
| Website or Store | https://loantap.in/ |
| Address | Hermes Waves, Office No. 103, Central Avenue Road, Kalyani Nagar, Pune - 411006 |
| Category | Mild Loan |
| Company Email | loantap.manage@gmail.com |
| Views | 1,020 |
LoanTap - Personal Loan
FAQ
Can loan apps post my pictures on social media?
You should not worry about loan apps threatening to post your picture on social media. If you check their accounts, you’ll notice most of them have fewer than 100 followers. This means they are mainly circulating your picture among themselves just to instill fear in you. Never pay a dime if any loan app posts your picture online; they are actually the ones owing you, not the other way around. Instead, report the account to the appropriate social media platform, and it will likely be closed down.
Can they auto-debit my account?
If you linked (bound) your ATM card during registration with a loan app, they can automatically debit your account. To prevent this, you should go to your bank, block the card, and request a new one.
For fully licensed Microfinance Banks that may use the Global Standing Instruction (GSI) or place a lien on your account, the safest option is to move your money to another bank account that has never been registered with loan apps. This will stop them from debiting your funds.
Can they come to my house or office to arrest me?
99% of loan apps cannot come to your house or office because most of them operate illegally and have no legal right to pursue you physically. Only fully licensed and approved Microfinance Banks with a registered office address and reputation as a legitimate financial institution can pay you a friendly visit, but never to arrest you.
Borrowing is a civil matter, not a criminal case. That means you cannot be arrested simply because you owe money. If any licensed microfinance bank tries to harass or threaten you, please contact us immediately—we will take the right steps to deal with them.
As for loan apps, they cannot legally come to your house or office to arrest you.
Can this loan app defame me?
Yes and No, a loan app can defame you, but it usually depends on where you downloaded the app from and what permissions you gave it.
- If you downloaded the app outside the Play Store or App Store (for example, from a direct link or third-party site), it’s very likely the app will misuse your information. Many of those apps are not properly regulated.
- How they access your contacts:
- Loan apps need Contact permission to copy your phone contacts.
- They also sometimes request Call log permission, which allows them to see your dialed, received, and missed calls—but not your full contact list.
- If you used the app before 2023:
- Before 2023, many loan apps could freely access contacts because the rules were not strict.
- From 2023 onward, Google Play Store and Apple App Store introduced policies that restrict apps from accessing contacts and call logs unless it’s absolutely necessary.
How do I get rid of their daily messages and calls?
To stop their frequent calls, you can install Truecaller, upgrade to Premium, and use the Block Spam Calls feature. This will automatically filter out most unwanted numbers. (Check the video below for step-by-step details.)
For WhatsApp calls and messages, fight back smartly: never listen to their voice notes or read their messages. Instead, use the response strategy in the link below to reply safely. When you push back confidently, scammers usually give up and flee.
https://loansharkreview.com/MessageTemplate
Will this loan apps report me to the Credit Bureau?
In most cases, 90% of loan apps cannot report you to the Credit Bureau. This is because many of them are not licensed financial institutions or they charge exorbitant interest rates that violate government policies.
However, fully licensed and approved microfinance banks can report you to the Credit Bureau. Even when they do, they usually report only the actual amount you borrowed and the original agreed interest — not the inflated charges or penalties. If you notice incorrect information in your credit report, you have the right to contest it with the Credit Bureau and request correction.
About LoanTap - Personal Loan
LoanTap offers reliable loans through its own Non-Banking Financial Company (NBFC), LoanTap Credit Products Private Limited, which is a registered NBFC with the Reserve Bank of India (RBI).
User Testimonial
"User-friendly and easy to navigate app. All options are detailed and clear. Easy way to apply for a loan for day-to-day use." - Saurabh Gupta
Why LoanTap?
If you’re looking for an instant loan, LoanTap’s personal loan app delivers fast, secure, and flexible financial solutions right to your fingertips. Whether you need funds for emergency expenses, debt consolidation, or significant purchases, our app has got you covered.
Advantages of LoanTap
Whether you are self-employed or salaried, the LoanTap app addresses all your immediate financial needs. We provide loans up to ₹10 lakhs, directly deposited into your bank account quickly and securely. Our personalized experience helps streamline your finances, making the possibilities with LoanTap endless.
Features of the LoanTap Instant Personal Loan App
- Higher Loan Amounts: Loans up to ₹10 lakhs.
- 100% Online Application: A fully online process with minimal documentation.
- Diverse Loan Offerings: Including personal loans, EMI-free loans, medical loans, and more.
- Transparent Process: No hidden charges.
Reasons to Choose LoanTap’s Personal Loan App
- Fast Approval: Obtain loans ranging from ₹50,000 to ₹10 lakhs quickly and securely.
- Flexible Repayment: Plans tailored to your needs.
- User-Friendly Interface: Easily apply for, track, and manage your loan from your phone.
- Trusted by Millions: Join over a million satisfied users who have gained financial freedom with LoanTap’s instant loan app.
Types of Loan Offerings
We provide a diverse range of loans to meet specific requirements, including:
- Personal Loan
- EMI-free Loan
- Medical Loan
- Holiday Loan
- Wedding Loan
- Rental Deposit Loan
- Home Renovation Loan
- Business Loan
- MSME Loan
- Invoice Financing
- E-Bike Loan
How to Apply for a Personal Loan Through Our App
Get a quick loan online in just three steps:
- Select the Loan: Choose the loan you want to apply for.
- Submit Documents: Provide all required documents and complete the Know Your Customer (KYC) process.
- Receive Funds: Once approved, the funds will be disbursed directly to your bank account.
Details of Personal Loans
Loan amounts range from ₹50,000 to ₹10 lakhs, with interest rates varying between 16% and 24%, depending on the type of loan.
- Minimum Tenure: 6 months
- Maximum Tenure: 60 months
- Maximum Annual Percentage Rate (APR): 29%
Example: Personal Loan for Salaried Individuals
- Loan Amount: ₹1,00,000
- Tenure: 36 months
- Interest Rate: 18% (reducing basis)
- EMI: ₹3,615
- Total Interest Payable: ₹30,140
- Processing Fee: ₹2,000 + GST = ₹2,360
- Disbursed Amount: ₹97,640
- Total Amount Payable: ₹1,30,140
- Total Cost of the Loan: ₹32,500 (Interest + Processing Fees)
Required Documents for Instant Personal Loan
- PAN Card
- Aadhaar Card/Driving License/Passport
- Bank Statement (last 6 months)
- Salary Slip (last 3 months)
Eligibility Criteria
- Minimum income of ₹30,000.
- Indian citizens and residents aged at least 23 years.
- Must have filed the latest Income Tax Return (ITR).
Cities of Operation
LoanTap operates across 20 cities in India, including Bangalore, Jaipur, Delhi, Mumbai, and Pune. For a complete list of cities, visit our marketplace.
Data Security
We employ highly secure and encrypted systems to ensure the protection of the information shared by our clients. To learn more about our privacy practices, read our privacy policy.
Terms & Conditions
LoanTap provides loans through LoanTap Credit Products Private Limited, a registered NBFC with RBI. For detailed terms, visit our terms of use.
Team LoanTap
Experience the ease of securing a loan with LoanTap. Download the app today and enjoy fast, secure, and flexible financial solutions at your convenience.
Reviews
Related Loan Companies
Branch
Carbon
IMoney
Sokoloan
Loan Naira
Umba
.webp)
Xcrosscash
Palmcredit
Quick Updates
