[{“id”:”7969″,”primary”:{“title”:”Who is entitled for a Salary Advance Loan?”,”content_html”:”Salaried professionals with salary of Rs 40,000 and above.”}},{“id”:”10766″,”primary”:{“title”:”Can I make partial payments?”,”content_html”:”Yes, this is dynamic balance facility. Interest charges are applied on amount utilized only, which can be re-paid by customer as per convenience.”}},{“id”:”10779″,”primary”:{“title”:”How do I pay the installments?”,”content_html”:”We take a copy of NACH (National Automated Clearing House) from you at the time of loan disbursement. This enables us to automatically debit your designated bank account on due dates.”}}]
[{“id”:”7969″,”primary”:{“title”:”Who is entitled for a Salary Advance Loan?”,”content_html”:”Salaried professionals with salary of Rs 40,000 and above.”}},{“id”:”10766″,”primary”:{“title”:”Can I make partial payments?”,”content_html”:”Yes, this is dynamic balance facility. Interest charges are applied on amount utilized only, which can be re-paid by customer as per convenience.”}},{“id”:”10779″,”primary”:{“title”:”How do I pay the installments?”,”content_html”:”We take a copy of NACH (National Automated Clearing House) from you at the time of loan disbursement. This enables us to automatically debit your designated bank account on due dates.”}},{“id”:”10791″,”primary”:{“title”:”Do I have an option to pre-close a loan?”,”content_html”:”Yes, you can pre-pay the loan facility post 6 months of disbursement. No foreclosure charges applicable post 6 months of loan completion, however within 6 months you can prepay your loan with minimal charges”}},{“id”:”69023″,”primary”:{“title”:”What are the documents required for Wedding Loan?”,”content_html”:”We need below documents for processing your loan request-\n
\n \t- PAN
\n \t- Address proof
\n \t- 3 months’ pay slips
\n \t- 6 month’s salary account bank statement
\n \t- e-NACH mandate form
\n
\nHowever, we might request for other documents if need arises during credit checks.”}},{“id”:”106611″,”primary”:{“title”:”What is the processing fee charged on this Loan?”,”content_html”:” A processing fee of Rs1200+taxes are applicable.”}},{“id”:”540337″,”primary”:{“title”:”Who is eligible for this Loan?”,”content_html”:”This loan is available to both salaried and business professionals. You only need to provide basic documents for loan processing.”}},{“id”:”720174″,”primary”:{“title”:”Is EMI Free Loan different from Personal Loan?”,”content_html”:”Yes, Personal Loan and EMI Free Loan are different.\n
\n \t- EMI amount remains same throughout the loan tenure in Personal Loans.
\n \t- In personal loan, EMI is a sum of interest and principal amounts. Hence, Principal amount reduces proportionately every month post EMI payment.
\n \t- In EMI Free Loan customer pays only interest amount (applicable on loan principal amount remaining) every month and principal amount in every 3/6 months. Interest amount charges once customer has made bullet payment towards principal.
\n \t- As customer pays only interest amount every month in EMI Free Loan-monthly outflow of customer is significantly low as compared to normal personal loan; lower by approximately 40% as compared to personal Loan EMI
\n
“}},{“id”:”720175″,”primary”:{“title”:”Are there any extra charges for foreclosure or part-payment of this type of loan? Can I pay amount higher than due bullet amount?”,”content_html”:”
Yes, you can make foreclosure or do part payments any time during the loan tenure. There are no part payment or foreclosure charges applicable post 6 months of loan completion. However, nominal charges are applicable for part payment or foreclosure within 6 months of loan.
“}},{“id”:”720176″,”primary”:{“title”:”How do I check my eligibility in EMI Free Loan?”,”content_html”:”Any salaried customer with monthly salary more than Rs 30,000 can apply online and check eligibility at
https://loantap.in/check-my-rate/home/emi-free/. You will need to fill in few basic information to know your eligibility instantly.”}}]
[{“id”:”720177″,”primary”:{“title”:”What documents are required for EMI Free Loan?”,”content_html”:”We need below documents for processing your loan request-\n
\n \t- \n
\n \t- PAN
\n \t- Address proof
\n \t- 3 months’ pay slips
\n \t- 6 month’s salary account bank statement
\n \t- e-NACH mandate form
\n
\n \n
\nHowever, we might request for other documents if need arises during credit checks.”}},{“id”:”720180″,”primary”:{“title”:”What is maximum loan that I can get in EMI Free Loan?”,”content_html”:”
LoanTap offers Loans between Rs 1 Lakh to Rs 10 Lakhs, final loan amount is decided basis your eligibility and credit checks.“}},{“id”:”720181″,”primary”:{“title”:”What is the maximum tenure for EMI Free Loan?”,”content_html”:”
We setup these loans for a maximum period of Five Years. You can consult the Credit Manager for exact tenure. LoanTap allows you to close the loan before that with minimal or no charges.“}},{“id”:”720182″,”primary”:{“title”:”Is EMI Free Loan available in my city?”,”content_html”:”
EMI Free Loan is available in cities where LoanTap is operational. Currently we are providing our loans in Bangalore, Hyderabad, Chennai, Coimbatore, Mumbai, Pune, Ahmedabad, Vadodara, Raipur, Bhopal, Indore, Jaipur, Delhi-NCR and Chandigarh locations.“}},{“id”:”720187″,”primary”:{“title”:”Are there any charges for taking an Advance Salary Loan?”,”content_html”:”Yes, a flat processing fee of Rs 2500 +GST will be applicable on a loan amount up to Rs 50,000 and Rs 5,000+ GST for loan amount higher than Rs 50,000.”}},{“id”:”720186″,”primary”:{“title”:”How can I repay the Loan Amount?”,”content_html”:”In Advance Salary, you repay the installment amount monthly on due dates, as per the agreement signed by you.”}},{“id”:”720185″,”primary”:{“title”:”What is the minimum/maximum amount in this loan?”,”content_html”:”We offer Advance Salary Loans ranging from Rs 25,000-Rs 100000. Final loan amount calculation depends on your income eligibility and credit checks.\n”}},{“id”:”720184″,”primary”:{“title”:”What would be the duration of loan?”,”content_html”:”Advance Salary Loans are available for tenure of 3 months up to 12 months.Tenure depends on your choice and loan eligibility. “}},{“id”:”720183″,”primary”:{“title”:”What is Advance Salary Loan ?”,”content_html”:”Advance Salary is a short-term loan against your salary, provided to meet some urgent personal needs. The loan amount can be as high as 2.5 times of your Net Salary. LoanTap Provides maximum loan amount under Salary Advance Program.”}},{“id”:”679692″,”primary”:{“title”:”What is bullet payment in EMI Free Loan?”,”content_html”:”Since we charge only interest every month and principal in regular interval of 3/6 months, the principal payment is supposed to be done in lump sum amounts-which are bullet payments. It is calculated by dividing loan amount by number of 3/6 months in loan tenure.\n
\nFor e.g. for a loan of Rs 1 Lakh and 60 months tenure, bullet amount applicable would be Rs 5,000 in every 3 months.”}}]
[{“id”:”679700″,”primary”:{“title”:”What is the date of bullet repayment and is it flexible?”,”content_html”:”Customer needs to make bullet repayment in every 3rd/6th month; from the date of 1st interest payment. \n
\nCustomer should make bullet repayment on or before the 7th of respective due month so that interest reduces in subsequent months.”}},{“id”:”679718″,”primary”:{“title”:”How is principal bullet amount calculated?”,”content_html”:”It is calculated by dividing loan amount by number of 3 months in loan tenure. For e.g. for a loan of Rs 1 Lakh and 60 months tenure, bullet amount applicable would be Rs 5,000 in every 3 months.”}},{“id”:”720188″,”primary”:{“title”:”Where do I see my outstanding balance?”,”content_html”:”
You can check your loan details by accessing “My Account” feature on our website. You will need to login using your registered email ID.“}},{“id”:”720189″,”primary”:{“title”:”How much is the processing fee for availing this loan?”,”content_html”:”
Processing fee for this loan is 2%+applicable taxes; on the gross loan amount sanctioned.“}},{“id”:”720190″,”primary”:{“title”:”Can I make part payments/higher payments towards my loan outstanding? Any charges applicable?”,”content_html”:”
Yes, you can make higher payments towards your loan. No charges for higher payments or foreclosure are applicable post 6 months. Within 6 months you can make part payments or foreclosure-with minimal charges applicable.“}}]
[{“id”:”679700″,”primary”:{“title”:”What is the date of bullet repayment and is it flexible?”,”content_html”:”Customer needs to make bullet repayment in every 3rd/6th month; from the date of 1st interest payment. \n
\nCustomer should make bullet repayment on or before the 7th of respective due month so that interest reduces in subsequent months.”}},{“id”:”679718″,”primary”:{“title”:”How is principal bullet amount calculated?”,”content_html”:”It is calculated by dividing loan amount by number of 3 months in loan tenure. For e.g. for a loan of Rs 1 Lakh and 60 months tenure, bullet amount applicable would be Rs 5,000 in every 3 months.”}},{“id”:”720188″,”primary”:{“title”:”Where do I see my outstanding balance?”,”content_html”:”
You can check your loan details by accessing “My Account” feature on our website. You will need to login using your registered email ID.“}},{“id”:”720189″,”primary”:{“title”:”How much is the processing fee for availing this loan?”,”content_html”:”
Processing fee for this loan is 2%+applicable taxes; on the gross loan amount sanctioned.“}},{“id”:”720190″,”primary”:{“title”:”Can I make part payments/higher payments towards my loan outstanding? Any charges applicable?”,”content_html”:”
Yes, you can make higher payments towards your loan. No charges for higher payments or foreclosure are applicable post 6 months. Within 6 months you can make part payments or foreclosure-with minimal charges applicable.“}}]