Which one is the best app to get a personal loan in Noida and why?

If you are a working professional with a minimum income of Rs. 30,000 per month, LoanTap personal loan app may be the right option for you. LoanTap offers a personal loan in Delhi-NCR for several types of unplanned expenses.

LoanTap personal loan

LoanTap is a well-known online lending app that lends customized loan products to young generations such as new employees, start-ups, and middle-income segments. You can get a personal loan for various unplanned expenses like medical emergencies, home repair, education, travel expenses and debt consolidation etc. LoanTap personal loan is available online through a transparent process. LoanTap app uses modern digital technologies to offer an instant loan. Personal loan borrowers can get lower instalments using the LoanTap app. As compared to traditional loans, your EMI can be up to 40%. 

Why should you get a personal loan using the LoanTap app? 

Higher loan amount: Unlike other lending apps that offer small loan amount, loan tap offers a higher loan amount. You can get a personal loan from a minimum Rs. 50,000 up to Rs. 10 lakh, depending on several factors, such as customer’s age, income, work experience, credit score, occupation, etc.   

Paperless documentation: LoanTap aims at providing an easy experience and delivering the fastest personal loan to its customers. Applicants can apply for a personal loan with basic KYC details. You can get the loan without doing any paperwork; from application to disbursal, the entire process is digital.  

Quick disbursal: After online documentation and approval, the loan is disbursed instantly. LoanTap leverages machine learning and data science that accelerate the underwriting process and disburse a personal loan within hours of application.

Flexible repayment: LoanTap personal loan has multiple repayment options for the convenience of its customer. Borrowers can enjoy flexible repayment options. Personal loan borrowers can switch to EMI free loan, enhancement and accelerated repayment options. LoanTap charges no penalty for higher payments or foreclosure after 6 months of disbursal. Minimal charges will be applicable for part-prepayment or foreclosure of a personal loan within 6 months.

Customised personal loans: Personal loans are offered under multiple categories such as EMI Free Loan, Credit Card Takeover Loan, Advance Salary Loan, Holiday Loan, Rental Deposit Loan, Wedding Loan, Premium Bike Loan, Premium Bike Loan, and House Owner Loan, for your specific credit needs. 

Transparent processes: LoanTap personal loan has no hidden charges, and no prepayment fees after 6 months of loan disbursal.

Minimal documentation: LoanTap personal loan documentation process is minimal; you need to provide only basic documents to get the loan.

Collateral free loan: No assets are required to apply for a personal loan from LoanTap. Borrowers don’t need to provide an asset or third-party guarantee to get the loan. However, in exceptional cases, you may need to submit collateral to get the loan. 

How does it work?

You can apply for a LoanTap personal loan in Noida by taking the following steps:

• Install the LoanTap App from the Google Play store. 

• Choose the loan type you are looking for from the available options.

• Complete the online application form with the required detail to check your rate.

• You will see the key features of the loan like loan amount, interest rate, and tenure on your mobile screen.

• Click on the ‘Avail Loan’ button to proceed.

• Enter your mobile number to receive the OTP.

• Complete the loan application form to apply for the loan and click on the ‘Submit Details’ button.

Eligibility criteria for a LoanTap personal loan

If you meet the following eligibility criteria, you can get a personal loan in Noida using LoanTap app.

• The applicant should be an Indian citizen/ resident.

• Individuals aged between 23 years and 58 years can apply for the loan.

• The applicant should be working for a reputed organization.

• The minimum income of the applicant should be Rs. 30,000 per month.

Documents required for applying for a personal loan on LoanTap

LoanTap offers a personal loan with minimal documentation. Here is the checklist of the documents you will need to submit to apply for a personal loan

• PAN Card

• Address proof: Aadhaar Card/ Voter’s ID Card/ Passport/ Driving License/ Utility Bills for the last 3 months – Electricity Bill or Telephone Bill or Water Bill

• Salary slips for the past 3 months

• Bank statement showing salary credit for the last three months

• e-NACH mandate form

• Passport size photographs

Loan amount

LoanTap personal loan is available in the range of Rs. 50,000 up to Rs. 10 lakh, depending on your eligibility and credit score. 

Interest rate 

Interest rate applicable on the loan ranges from 14% per annum and can be up to 24% per annum. 

Processing fees and other charges

• Processing fees: 2% of the loan disbursed + GST as applicable.

• Foreclosure charges: No part payment or foreclosure charges will be applicable after 6 months of disbursal. Within 6 months, you can make part prepayment or foreclose the loan with nominal charges. 

Cities of operation 

Apart from Noida or Delhi-NCR, LoanTap offers a personal loan in the following cities:

• Bangalore

• Hyderabad 

• Chennai 

• Coimbatore 

• Mumbai 

• Pune 

• Ahmedabad 

• Vadodara 

• Raipur 

• Bhopal 

• Indore 

• Jaipur 

• Chandigarh 

Privacy policy

LoanTap respects and values the privacy of its customers and implements a highly secured & encrypted system for the safety and privacy of information shared by them. 

Contact details

If you have any complaint, query, suggestion or grievance, you can reach to LoanTap at various touchpoints. 

Phone number: 788 804 0000

Email address: info@loantap.in

Corporate office address: Hermes Waves | Office No:103 | Central Avenue Road

Registered office address:  Kalyaninagar, Pune:411006

                                              306, Sangeeta Ramchand (Kartik) CHSL New Link Road 5 Kartik Complex ,Opp Laxmi Ind Estate Andheri (W) Mumbai Mumbai City MH 400053 IN