| Loan Amount | ₹100,000 |
| Interest % | 8 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,699 |
| Total Interest | ₹ 4,386 |
| Loan Amount + Interest | ₹ 104,386 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 40,701 | ₹ 2,794 | ₹ 43,495 | ₹ 59,299 | 40.70 % | |||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 59,301 | ₹ 1,592 | ₹ 60,893 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||
Let’s look into the eligibilities and required Documentation to make your application process even smoother:
Note : Loan Tap Bank Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.
Practically now, you have already realised that your business goals need the best financial partner. Introducing LoanTap Business Loans, a customized solution designed to offer your company the finances it needs to thrive and grow. LoanTap is here to help you on your journey, whether you are a small startup with huge goals or a mature company looking to scale.
You can get the financial assistance you need right now with minimal paperwork and a simple application process. So now it depends on you to decide on reasonable interest rates and flexible repayment choices to accommodate your financial needs.
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
One of the most important steps. Now you will have to submit all the required documents digitally.
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
With LoanTap, you can get a personal loan whenever you want. It's a completely insecure platform that doesn't charge any hidden fees or rates.
An amount of Rs. 15,000 usually comprises a low-income borrower group. An instant personal loan app with a 1.5-lakh maximum approval amount can be obtained by someone with a starting salary of Rs. 15,000.
A EMI-free loan is one that requires you to pay only the interest on the total loan amount every month and the principal may be repaid in one or more consecutive monthly installments.
It usually takes 8-24 hours to complete the credit valuation.
The eligibility age group for getting a loan tap business loan is a minimum of 23 years old and a maximum of 58 years old.
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