How Long Does It Take to Get an Online Home Owner Loan Approved?

There are a hundred things to do related to the house and all of them would need money. Whether it is repairs or renovation or a house painting or changing the furniture, it is an expensive process. One thing may lead to another and before you realise it, your budget may be out of whack. Wouldn’t it be cool if you could get an instant personal loan that could sort out your funding issues in a jiffy? 
Well, LoanTap understands the multiple needs that homeowners would have for funds to manage home upgrades and maintenance. That’s why they have come out with a personal loan that can help you handle these issues without any stress.

Personal Loan Demystified

In case you are wondering what a personal loan is, it is simply an unsecured loan that you can use for any purpose for the short term and that too without having to pledge any assets. Moreover, an online personal loan is completely free of paperwork and involves minimal documentation which makes life quite relaxed and hassle-free.

Do you have what it takes to get a personal loan from LoanTap?

You can easily get a home-owner loan from LoanTap if you meet the following criteria-

• You are an Indian citizen or resident
• You are over the age of 21 years
• You earn a net monthly income of over INR 30,000.
• You have a reasonable credit score of around 630 or more

If you check all these boxes, congratulations! You have what it takes to enjoy a tailored personal loan from LoanTap to handle your home requirements.

Now that you have made it through the eligibility process, what should you do?

LoanTap offers home loans or homeowner loans for homes from INR 50,000 to INR 10,00,000 for tenures from 6 months to 60 months at competitive rates. The digital paperless process set up by LoanTap is designed to give you a superior customer experience. Let us look at the steps involved in the loan process. 

Step 1 – Download the LoanTap app on your smartphone.

Step 2 – Fill out the online application with your details, loan requirements etc.

Step 3-  Upload the following documents as proof of your identification and address

• PAN Card
• Aadhaar Card
• Salary slips for the last three months
• Bank statement for the last six months

Step 4 – Now is the time when to relax and sip on your favourite beverage while the system processes your application. Once your documents are verified the loan will be approved.

Step 5 – Your loan will be credited to your bank account and you are free to withdraw the same. The entire process is completed within 24-36 hours.

Repay the loan anyway you want – Flexi Repayment Plans for you