LoanTap goes live online, launches brand new website

Published: 20th July 2016 03:21 PM  |   Last Updated: 20th July 2016 03:21 PM   |  A+A-

By ANI

NEW DELHI: LoanTap, a one of its kind fintech platform delivering flexible EMI free loan products to salaried professionals is now live online with its website LoanTap.in. Borrowers can now apply for custom- made loan products from an array of offerings like overdraft facility, credit card takeover loans, rental security deposit loans, advance salary loans and consumer durable loans.

Through their cutting edge loan origination and management system, unique offerings and an experienced leadership team, LoanTap ensures faster disbursements to its users.

Headquartered in Mumbai and also operational in Pune, the online platform follows an agency-based collection model catering to the low delinquency salaried segment with a job experience of merely 2-5 years in its first phase.

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,” said CEO LoanTap, Satyam.

“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,” added Satyam.

LoanTap is founded this year itself by ex-banking professional Satyam Kumar and Tech Professional Vikas Kumar. The duo felt a dire need for credit solutions in the upwardly mobile salaried segment for acquiring assets or for personal consumption. 

Through its team of expert professionals and a skilled technical team, the online platform guarantees a world-class loan origination and management system for the loan applicants. It is registered with RBI as an NBFC offering unique products and features within the regulatory guidelines.

Currently emphasizing exclusively on the upwardly mobile salaried professionals, LoanTap envisions penetrating deeper into the salaried segment. It eventually aims to tap in the MSME sector with an average loan size of Rs. six lakh by expanding to the top 10 cities of the country and reaching a book size of Rs. 750 crore in the next three years.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp