Advance Salary loan - Best choice for short-term needs

Personal Loans

Updated on Dec 4, 2019

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In the majority of the scenarios, it's hard to handle expenses in the end of the month. Particularly for professionals working in a town away from their own hometown have several expenses like rent and household expenditure. They may encounter many conditions they want additional monies. While the necessity might be short-term, this loan is a loan with provisions that are not favourable. So, the way to manage a situation such as this?

In What Situations Can You Utilize an Advance Salary Loan?
Advance salary loans are unsecured loans required for a duration that is shorter than long term personal loan (can be 3-12 months. The processing time for such loans are quicker and the loan is disbursed within hours. Additionally, the application process is online and are mostly provided by digital lenders.

So, here’s are the situations wherein one can consider Advance Salary Loan.

1. Medical Expenses
Advance Salary Loan will help you clean the dues, in case you've got a great deal of expenses because of an emergency health state. You may repay back loan through EMI based loan 3 to 12 months.
2. Home/Car Repair
Financial assistance can be immediately offered by an Advance Salary Loan whenever you're facing problem during emergency repair at home or w.r.t. car. For example, if you have discovered leaking roof structural damage, or harm that insurance doesn't cover and you got to repair it, You may apply for Advance Salary Loan for your such repairs.
3. Promotion Party
Just got promoted and want to celebrate with friends and colleagues and falling short of monies at end of the month. Think again before you swipe credit card and worry about paying within 35-50 days. Apply online for the Advance Salary Loan that is short-term and choose to cover in EMIs. You might also select a longer repayment cycle to lessen your instalment monies.
4. High value consumer goods
How long would you prefer to wait to buy your luxury wrist watch or that cool accessory for your card when one can get 2.5 times their salary and repay in EMIs from following 3-6 month's salary.

Why Choose Advance Salary Loan From LoanTap

1. Instant Cash Loan – 2.5 Times Your Monthly Salary
It's possible to get a salary advance loan of 2.5 times your monthly salary which range from Rs 25,000-Rs 1,00,000. You are eligible to take this loan for the tenure of 3 -- 12 months, choose what suits your pocket to repay the loan.

2. Quick Disbursal:
Considering paperwork is minimal, you get the loan amount in your account within 24-36 hour, at times lesser. You don't have to pay visits to us or undergo a great deal of hassle. This experience seamless from application to disbursal.
3. Transparent Process
We upfront state all details of the procedure, which suggests that the process is transparent. Nothing stays hidden from the customer – taxes, fees or insurance provisions.

4. Low Interest Rate
You may be wondering that since we offer loans for short duration, our rates of interest may be high. However, we charge a nominal rate of 2.5% every month. This rate is fixed and factors like salary credit history or loan number has no effect with this particular interest rate which again, implies you get loan faster!
5. Customer Service
Our client support assists our customer via the right choice of loan product range to help customer know about all measures post their loan program.

Therefore, Salary Advance Loans Assist you with Fast Short-term Money and with Internet Program, Minimal paperwork and Trustworthy terms of the loan, you can rely on LoanTap for All of your emergency financial needs
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