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.
With a completely safe and secure lending process, anyone can get cash anytime without the hassle of physical documents.
LTCash adheres to and encourages fair lending procedures in accordance with Reserve Bank of India norms.
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.
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 analyze each customer’s profile faster and tailor their best offers. It’s done in three simple steps.
The benefits of this app include quick cash up to 50,000, rates of interest are 24% annually, tenure is six months, payments made in less than 24 hours, 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.
” 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.”Quote from Mr. Satyam Kumar,