LoanTap launches LTCash an Instant Personal Loan App
Pune, 12th October 2022: LoanTap launched a new app product called LTCash. It is a LoanTap-powered instant personal loan app that offers up to Rs. 50,000 in cash without any manual intervention in the loan application and underwriting process and in most cases without the necessity of any paperwork submission. It offers a complete online loan procedure in less than 10 minutes to provide a smooth experience for customers. It is one of the first NBFC to use RBI-approved Account Aggregators to facilitate a safe and seamless process for a credit eligibility check for the customer. With a completely safe and secure lending process, anyone may get cash at any moment without the hassle of physical documents. LTCash adheres to and encourages fair lending procedures in accordance with Reserve Bank of India norms. It will also come with a Wealth Management feature that will be live in future versions.
This new app employs cutting-edge technology and unique algorithms to let LTCash analyzes each customer’s profile faster and tailor the best offers to them. It’s done in three simple steps. The benefits of this app include quick cash up to 50,000, rates of interest is 24% annually, tenure is 6 months, payments are made in less than 24 hours and no document uploads are required, 100% digital procedure with a minimum income of 30,000. Also, there is no security deposit or collateral required. LTCash app has been launched this festive season with a zero-interest Dhanteras offer for any loans availed between 19th Oct to 25th Oct
Quote from Mr. Satyam Kumar, ” We have always been proactive in adopting technologies that can greatly bring positive change. It is crucial for LoanTap to be able to provide our customers with a better experience using our products. Using an RBI-licensed NBFC Account Aggregator in the LT-Cash app to improve the whole process is a big step towards lending efficiency and enhancing the in-app experience for the borrowers.”
LTCash provides loan services through LoanTap’s in-house RBI-registered NBFC LoanTap Credit Products Private Limited. Currently, this app is operational in Pune, Mumbai, Bangalore, Chennai, Delhi NCR, Chandigarh, Raipur, Bhopal, Ahmedabad, Vadodara, Jaipur, Coimbatore, Indore, Nagpur, Nashik, Lucknow, Bhubaneshwar, Rajkot, Surat, Patna, Mysore and Vishakhapatnam.
