LoanTap, a platform delivering flexible EMI free loan products to salaried professionals went online with its website LoanTap.in. Users can now apply for custom- made loan products from a range of offerings like Overdraft Facility, Credit Card Takeover Loans, Rental Security Deposit Loans, Advance Salary Loans and consumer durable loans.
LoanTap ensures faster disbursements to its borrowers through their loan origination and management system. The online platform also makes a pitch for flexible single and bulk payments that are convenient and cost-effective.
“We are quite excited about our website going live. The smart products and services available on our online platform have been innovated for the millennials keeping in mind the otherwise risk-averse low salaried loan segment. Moreover, there was also a need for a consumer-friendly credit facility in this competitive fintech space. Applicants can take a pick from their choice of loan product and get the money disbursed in three simple steps through the website. They can fill their personal details, upload the basic documents as per the checklist, attest and submit it to our representative. Once the document reaches our office, the disbursals are activated post verification. The minimal human interface and interruption on our platform eases the algorithm verification for predicting loan amount estimates.” Said Satyam CEO of LoanTap
LoanTap aims to garner more shares in the salaried segment by emphasizing exclusively on the upwardly mobile salaried professionals. It also aims to expand to the top 10 cities of the country and reaching a book size of INR 750 crores in the next 3 years.
