LoanTap Credit Products Private Limited Loan Repayment

LoanTap Credit Products Private Limited is a non-banking financial company (NBFC) based in India. It operates in the financial technology (Fintech) sector, offering various credit products and financial solutions to individuals and small businesses.

At Shriram Finance, we provide a seamless way to manage your LoanTap Credit Products loan repayments. With our Bharat Bill Payment System (BBPS) service, you can now handle all aspects of your loan repayment quickly, securely, and conveniently. Additionally, experience the ease and speed of managing various other bills, recharges, subscriptions and deposit plans with Shriram Finance.

About LoanTap Credit Products Private Limited

LoanTap Credit Products Private Limited is a financial services company headquartered in Mumbai, India. Specialising in providing flexible loan products, they cater to various financial needs, including personal loans, EMI-free loans, rental security deposit loans, and more. With a focus on convenience and customer satisfaction, LoanTap offers innovative credit solutions for its clients.

How to Pay My LoanTap Credit Products Loan Repayment with Shriram Finance?

Here's a simple step-by-step guide on how you can pay your LoanTap Credit Products loan repayment online through Shriram Finance:

• Visit the Shriram Finance website.
• Navigate to the main menu and click on "Payments," then opt for "BBPS."
• Choose the "Financial Services & Tax" category and select "Loan Repayment."
• Select "LOANTAP CREDIT PRODUCTS PRIVATE LIMITED"
• Enter your Loan number and click "Proceed."
• Verify if the mobile number is correct and click "Continue."
• Enter the 6-digit OTP (one-time password) and click "Verify and Continue."
• Review your details and click "Pay."
• Choose a preferred payment method, enter the required details and complete the payment.

By following these steps, you can efficiently repay your loan through Shriram Finance.

Why Choose Shriram Finance for LoanTap Credit Products Loan Repayment?

Choosing Shriram Finance for LoanTap Credit Products Loan Repayment offers several benefits:

1. Convenience: Shriram Finance provides a user-friendly and convenient platform for LoanTap Credit Products loan repayment, making it easy to manage your financial obligations.
2. Quick & Easy: The process is streamlined, ensuring a quick and hassle-free LoanTap Credit Products Loan Repayment experience.
3. Access to Multiple Services: Shriram Finance offers additional financial services or products, allowing you to conveniently access various financial solutions in one place.

How to Download My LoanTap Credit Products Loan Repayment Receipts Online?

Shriram Finance offers two convenient options to download your loan repayment receipts online:

1. New Users: After completing your LoanTap Credit Products Loan Repayment, click the 'Download Receipt' button.
2. Existing Users: If you are already a registered user, login to your Shriram Finance Customer Portal, go to your profile, and then access 'Transaction History.'

From there, you can easily select the 'Download Receipt' option.

Benefits of Using Shriram Finance for LoanTap Credit Products Loan Repayment

When it comes to managing LoanTap Credit Products Loan Repayments, using Shriram Finance as your platform offers several significant benefits:

1. Security: Shriram Finance prioritises the security of your financial transactions, ensuring that your LoanTap EMI payments online are processed safely and securely.
2. User-Friendly Interface: The platform offers a user-friendly interface, making it easy for you to navigate and complete your EMI payments with convenience.
3. All-in-One Platform: Shriram Finance may provide access to various financial services, allowing you to manage your LoanTap EMI payment online and other financial needs in one place.
4. Timely Reminders: You can expect timely reminders for paying your loan EMI before the due dates. This will help you stay on top of your payments and avoid late processing fees.

How to Check My LoanTap Credit Products Loan Repayment Transaction History?

Shriram Finance offers two convenient options to check your LoanTap Credit Products loan repayment history:

New Users:

a) After completing your LoanTap Credit Products Loan Repayment, click the 'View Transaction History' button.

b) Sign up using your Name, Mobile Number, email ID, and mPIN.

c) You will be redirected to the Shriram Finance Customer Portal.

d) Go to your profile, and then click 'Transaction History' to check your LoanTap Credit Products Loan Repayment history.

Existing Users:

If you are already a registered user, login to your Shriram Finance Customer Portal, go to your profile, and then access 'Transaction History' to check your LoanTap Credit Products loan repayment history.

List of Payment Methods Available for LoanTap Credit Products Loan Repayment on Shriram Finance

Shriram Finance offers convenient online payment options, including debit cards, net banking and much more. For added flexibility, you can also raise collect requests.

What If My LoanTap Credit Products Loan Repayment Fails?

1. Contact the service provider- If your bill payment fails, promptly contact the service provider or bank to inquire about the issue and explore possible resolution options.
2. Raise the request- If your LoanTap Credit Products loan repayment fails after completing the payment, you can raise a request from the same page using the Raise a Request link provided in the receipt.

Alternatively,

• If you are an existing user, you can login to your Shriram Finance Customer Portal, visit the My Profile section, and then Raise a Request.
• If you are a new user, sign up using your Name, Mobile Number, email ID, and mPIN. Then, visit the My Profile section to Raise a Request.
• If you want to raise a request for a specific transaction, you can navigate to "Transaction History" and choose the specific transaction, click the "Need Help" button provide the necessary details of failure and click "Submit".

3. Customer Support- Reach out to our customer support team for assistance, as we can guide you through the troubleshooting process and help you resolve any billing issues you encounter.

What Happens If I Don't Pay My LoanTap Credit Products Loan Repayment on Time?

Failing to pay your LoanTap Credit Products EMI online on time can negatively impact your credit scores. Late or missed payments are reported to credit bureaus, which can lower your credit score. A lower credit score can make it more challenging to secure loans or credit in the future and may result in higher interest rates on any credit you obtain.

You can also face other consequences like:

• Late Payment Charges: You may incur late payment charges, based on the specific terms and conditions of LoanTap Credit Products Private Limited.
• Discretionary Legal Action: In extreme cases where a significant amount remains unpaid for an extended period, LoanTap Credit Products Private Limited might, at its discretion, initiate legal proceedings.

How to Check My LoanTap Credit Products Loan Repayment Status on Shriram Finance?

Shriram Finance offers two convenient options to check your LoanTap EMI Payment status online:

New Users:

a) Click the "View Transaction History" button after finishing your LoanTap Credit Products Loan EMI Payment.

b) Register using a name, mobile number, email address, and mPIN.

c) You will be redirected to the Shriram Finance Customer Portal.

d) Visit your profile, select "Transaction History," and check the progress of your most recent LoanTap Credit Products Loan EMI Payment.

Existing Users:

If you've already signed up, login to the Shriram Finance Customer Portal, select your profile, and then access "Transaction History" to see the status of your most recent LoanTap Credit Products Loan EMI Payment.

Know the Types of Loans Provided by LoanTap Credit Products Private Limited

LoanTap Credit Products Private Limited offers various types of loans including:

1. Personal Loans: Can be used for various personal expenses like medical bills, travel, or debt consolidation. They don't require collateral.
2. Business Loans: Tailored for business needs, whether it's for expansion, working capital, or purchasing equipment. They help businesses grow and succeed.
3. Two-Wheeler Loans: Get a bike loan or scooter loan to ease the process of buying a two-wheeler.

How to Calculate LoanTap Credit Products Loan Repayments?

To calculate your Loan Repayment amount, follow these steps:

1. Access the service provider’s website or app.
2. Enter the loan amount.
3. Choose the loan tenure.
4. Input the interest rate.
5. LoanTap will provide you with the EMI (Equated Monthly Installment) amount.
6. You can also use online EMI calculators for a quick estimate.

Ensure you meet the eligibility criteria before applying.

What Happens If I Miss an EMI Payment on My Loan?

Missing your loan repayment can lead to various consequences:

1. Late Fee: You'll likely incur a late payment fee.
2. Negative Impact: It can harm your credit score.
3. Legal Action: The lender may take legal action if non-payment persists.
4. Higher Interest: Unpaid interest may increase your overall debt.
5. Difficulty in Future Loans: Future loan approvals might be challenging.

Download Shriram One Now

Experience the ultimate convenience of managing all your bills, recharges and bookings on the go! Download the 'Shriram One' App from the Play Store and App Store, and simplify your life with hassle-free payments at your fingertips.