Our Products

General Overview and Product Services

Loantap Credit Products Private Limited (LCPPL) offers a range of customized product and borrowers can choose custom-made loan products, from an array of offerings such as EMI free loan, personal loan, two- wheeler loan, overdraft facility, credit card takeover loans, rental deposit loans, advance salary loans, and consumer durable loans.

EMI Free Loan

EMI free personal loan is one of the most unique and innovative personal loan in India conceptualized and offered by LCPPL to salaried professionals. This loan is a combination of monthly repayments of interest only along with bullet repayments of principal loan amount. Once the principal payment is realized in the loan account, the total outstanding loan balance reduces and fresh interest calculations are effected based on new outstanding. Monthly cash outflow under EMI Free personal loan product are lower by 40%, compared to regular Personal Loan products.

Personal Overdraft

Overdraft personal loan from LCPPL comes with a flexibility and convenience, you can get the loan sanctioned and keep it ready for use as and when required like an overdraft (OD) facility typically provided to a firm or company. Under overdraft personal loan you pay the interest on loan only when you use the funds. Set up your own overdraft limit similar to a corporate account. Avail disbursement against this limit whenever you want. The same can be paid anytime during the facility period.

Personal Loan

LCPPL facilitates fastest online delivery of Personal Loan. Besides quick delivery, we also ensure higher loan amount with easy repayment options.

Advance Salary

LCPPL offers you Advance Salary Loans for a period of 10 or 20 Days, depending upon the salary cycle. The disbursal is quick and easy with minimum documentation. Repayment is done in lumpsum, single tranche.

Rental Deposits

LCPPL extends collateral-free loans to make security deposits to a landlord on behalf of the tenant. The loan can be used to make security deposits for an amount ranging from Rs 1 lakh to Rs 5 lakhs. The loan tenure is from 11 months to 33 months, depending on the tenure of lease rental agreement.

Wedding Loans

Wedding loans ensure you plan that perfect marriage without the stress of financial burden. It is a blend of interest only payments in the first 5 months and fixed EMI payments for the rest of tenure. Thus, your monthly payments towards loan servicing are less for the initial 5 months after marriage. This eases out your financial planning. In effect, you get flexibility of hassle free loan along with convenient repayment options.

Holiday Loans

We offer a unique holiday loan which is designed to offer a blend of interest only payments in the initial 3 months and fixed EMI payments for the rest of tenure. So, while you will pay less interest overall if you can plan to repay holiday loans within a shorter timeframe, you also have the option of spreading the cost and reducing the size of the repayments, thereby reducing monthly payment burden.

Premium Bike Loan

We provide premium two-wheeler loans with flexible repayment options. You can choose from interest payment product to regular EMI based product. You decide entirely as per your current obligations and convenience.

Being Human E Cycle

Lotus offers loans for Being Human E-Cycle through easy online process with minimum documentation. These loans, in most of the cases, would be approved within 2 hour from the time you share your basic details with us.

The Emergency Credit Line Guarantee Scheme (ECLGS)

The Emergency Credit Line Guarantee Scheme (ECLGS) is an Micro, Small and Medium Enterprises (MSME) loan scheme. It has been launched specifically to help MSMEs and other small business entities to augment their net working capital, meet operational liabilities and restart their businesses during this COVID-19 crisis. This scheme provides an additional capital of Rs 3,00,000 crore to business enterprises, primarily MSMEs. This capital is a Guaranteed Emergency Credit Line (GECL) to help MSMEs to get their business operations back on track by providing access to their working capital needs at a time when credit becomes more difficult to obtain.

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Co-Lending Model (CLM)

LoanTap and Bank of Maharashtra have entered into an agreement under a Co-lending Model (CLM) to provide financial assistance to small-medium scale businesses and self-employed segments like Kirana stores. Under our co-lending model, business owners can avail business loans to expand their business, upgrade machinery, invest in inventory or maintain liquidity for daily operations. This Co-Lending model ensures easy access to funds backed by robust technology and paperless processes.

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