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LoanTap is an online platform committed to deliver flexible loan products to salaried professionals. We innovate in an otherwise dull loan segment, to deliver smart products for millennials. The idea is to use technology for building flexibility in products, without adding cost to it.
LoanTap is an online platform that provides personal loans for salaried individuals up to 10 lakhs. The company offers various types of consumer loans including EMI-based loans, EMI free loans and personal line of credit. Borrowers can also choose custom-made loan products like overdraft facility, credit card takeover loans, rental security deposit loans, advance salary loans, and consumer durable loans. For payments, the company follows an agency-based collection model and allows professionals to make flexible single and bulk payments in a cost-effective way.
PRODUCTS & SERVICES
Online loans for salaried professionals.
Company earns revneue from interest charges.
DATE OF LAST FUNDING
TOTAL FUNDING COMMENT
The company is planning to use the funds to lend out to more consumers. (July 2018)
SERIES A · $2.98 M · Aug 2016
SERIES B · $5.59 M · Sep 2019
OTHERS · $6.25 M · Jul 2018
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