September 22, 2023
How to Get a Personal Loan For a Salaried Person

Printed on : September 13, 2023

Are you a salaried particular person on the lookout for monetary help? In that case, getting a private mortgage can offer you the pliability and funds you want. Whether or not you will have surprising medical bills, wish to consolidate debt, or produce other monetary obligations, a private mortgage may be useful. Right here we’ll discover the method of getting a private mortgage as a salaried particular person.

Options and Advantages of Private Loans

  • Minimal Paperwork – You’re solely required to submit primary id proof and earnings proof to avail of the non-public mortgage for salaried.
  • Prompt Approval and Disbursal – LoanTap private loans have a straightforward on-line course of for mortgage sanction and quick disbursal inside 24-36 hours.
  • Versatile Reimbursement Tenure – LoanTap supplies flexibility to change to EMI-free loans, enhancements, and accelerated reimbursement choices after 6 months of disbursal.
  • Increased Mortgage Quantity – Choices to select from vary from INR 50,000 to INR 10,00,000 on the idea of your necessities.
  • Longer Mortgage Tenure – The flexibility to decide on a mortgage time period between 6 and 60 months makes the EMIs extra versatile.
  • Clear Course of –  LoanTap has no hidden prices, no prepayment prices, and a totally secured course of.

Private Mortgage Paperwork for Salaried Workers

  • Picture Id – Passport, Voter ID, PAN Card, Driving Licence, Aadhaar Card
  • Residence Proof – Utility Invoice, Passport, Aadhaar Card, Driving Licence, Ration Card
  • Revenue Proof – Wage Slip for the final 3 months together with Type 16, Financial institution Assertion for the earlier 6 months the place the wage has been credited
  • Proof of Job Continuity – Employment Certificates from the present firm, Appointment letter from the present employer (if the employment interval exceeds two years), Certificates of Expertise from the earlier firm together with the Job Certificates
  • Funding Proof – Fastened property, shares, mounted deposits, and so on.
  • {Photograph} – 2 Passport-size colored images

How To Apply For a Private Mortgage From LoanTap

  • Go to the official web site of LoanTap or obtain the LoanTap app by way of the app retailer or Play Retailer.
  • Click on on a private mortgage from the menu and click on on ‘Apply Now’.
  • Choose your employment sort and choose the aim of your mortgage.
  • Enter your earnings info.
  • Enter your PAN particulars.
  • Submit the PAN card and required paperwork.
  • After the verification course of (24-36 hours), your mortgage quantity can be disbursed.


Acquiring a private mortgage as a salaried particular person is a manageable course of in the event you method it with the appropriate info and preparation. By demonstrating earnings stability, sustaining credit score historical past, and offering the mandatory documentation, you possibly can improve your probabilities of securing a private mortgage. It’s necessary to check mortgage provides, take into account the rates of interest and phrases, and be certain that the mortgage aligns together with your monetary targets and reimbursement capability. Keep in mind to borrow responsibly and use the funds properly to fulfill your wants whereas managing your monetary well-being.