Loans
Personal loan, without the paperwork.
A short-term loan for salaried individuals, applied for on Tap4Loan, decided on your income and banking record, and disbursed to your own bank account.
Product
Short-term personal loan
- Loan amount
- ₹5,000 – ₹40,000
- Interest
- 0.4% – 1.1% per day
- Tenure
- Short tenure — a single repayment on your due date
- Processing fee
- Up to 10% of the loan amount + GST
- Prepayment
- Nil
- Cooling-off
- 1 day
- Disbursal
- Directly to your own bank account
No compounding. No hidden charges. Your exact terms are in the Key Fact Statement.
Key features
Built around clarity and flexibility.
Quick decisions
An automated assessment of your bureau and banking record returns a decision without a queue.
Right-sized amounts
₹5,000 – ₹40,000, matched to what your salary can comfortably repay.
Simple daily interest
0.4% – 1.1% per day on the principal. No compounding, no interest on interest.
Prepay without penalty
Prepayment charges are nil. Close early and pay only for the days used.
Clear terms
A Key Fact Statement before you accept, listing every charge and the APR.
Direct banking
Disbursed to your own account, repaid to the lender. Nothing passes through an agent.
Estimate your loan
Know the cost before you apply.
Move the sliders. The estimate uses simple daily interest with the processing fee and GST deducted upfront, exactly as a Key Fact Statement would show it.
Estimate
- Loan amount
- ₹20,000
- Processing fee 10%
- − ₹2,000
- GST on fee (18%)
- − ₹360
- You receive
- ₹17,640
- Interest for 30 days
- ₹4,800
- All-in APR
- 494%
Total repayable on the due date
₹24,800
Illustration only, using simple daily interest with no compounding. Your actual rate, fee, APR and due date are decided after credit assessment and shown in your Key Fact Statement before you accept.
Representative example
A borrower takes ₹20,000 for 30 days at 0.8% per day with the maximum processing fee of 10% + GST.
All-in APR ≈ 494% including the processing fee and GST. Short tenures make APRs look large; the rupee cost is what you see on the right.
- Loan amount
- ₹20,000
- Processing fee · 10%
- − ₹2,000
- GST on fee · 18%
- − ₹360
- You receive
- ₹17,640
- Interest · 30 days
- ₹4,800
- Total repayable on due date
- ₹24,800
Eligibility
Who can apply.
Meeting these criteria lets you apply; the final decision follows our credit assessment.
- Age
- 21 – 60 years
- Residency
- Indian resident
- Employment
- Salaried, with salary credited to a bank account
- Income
- Monthly salary of ₹20,000 or more credited to your bank account
- Credit history
- A thin file is fine; recent defaults or heavy existing debt may lead to a decline
- Bank account
- Active savings account in your own name
Documents required
Four things, all digital.
Identity
PAN card. Your name and date of birth are matched to the bureau.
Address & KYC
Aadhaar, fetched through DigiLocker with your consent.
Bank statement
Shared through an RBI-licensed Account Aggregator, or uploaded as a PDF.
Selfie
A short liveness check that confirms you are the applicant.
How to apply
Three steps, one platform.
The whole journey runs on Tap4Loan. We stay the lender throughout.
- Step 01
Apply online
Start on Tap4Loan with your mobile number and a few details about your work and income.
- Entirely online at www.tap4loan.com
- KYC through DigiLocker; bank statement shared securely
- No agents, no branch visit
- Step 02
Automated assessment
We read your credit bureau report and banking record together and return a decision on amount and rate.
- Income and banking behaviour, not just a score
- Decision typically in minutes
- No manual back-and-forth
- Step 03
Accept, e-sign, receive
Review the Key Fact Statement, e-sign the agreement and the amount is transferred to your verified bank account.
- KFS shows rate, fee, APR and due date
- Disbursed directly to your own account
- For loans of ₹5,000 – ₹40,000
FAQ
Amounts, rates & repayment
How much can I borrow?
Between ₹5,000 – ₹40,000. The amount offered depends on your income, obligations and repayment record. Repeat borrowers with a clean record are typically offered more.
How long is the loan for?
It is a short-term loan designed to tide you over until salary day. The due date is set at sanction and shown in your Key Fact Statement; you repay the full amount in one go on that date.
How is interest calculated?
Interest is simple daily interest on the principal at 0.4% – 1.1% per day, with no compounding. The exact rate for your loan, and the equivalent annual percentage rate (APR), are stated in your Key Fact Statement before you accept.
Can I repay early?
Yes, at any time. Prepayment and foreclosure charges are nil, and you pay interest only for the days the loan was outstanding.
Where do I pay?
Repayment is made directly to the lender — never to an agent or the partner. Use only the repayment options shown in your loan account on Tap4Loan. Never pay cash to an agent or transfer money to a personal account.
Two products in our policies
Apply on Tap4Loan
Ready to apply? We're here to help.
₹5,000 – ₹40,000, decided on your income and banking record, with every cost written down before you accept.
Lender: Golu Leasing & Finance Co. Private Limited · RBI CoR B-14.01773