Loantap

LoanTap is an Indian digital lending platform headquartered in Pune, Maharashtra, operating through LoanTap Financial Technologies Private Limited and lending via its in-house RBI-registered NBFC, LoanTap Credit Products Private Limited. It also extends credit to micro, small and medium enterprises through its unit I-Loan Credit Pvt Ltd. The company originated as a consumer lender targeting salaried professionals and millennials with customized personal loan products, and offers online application, verification and disbursal, with sanction and disbursal stated at 24-36 hours (and as fast as 30 minutes to 6 hours for some products).

Its product range covers personal loans, EMI-free loans, personal overdraft, house owner loans, rental deposit loans, holiday, wedding, medical and debt consolidation loans, two-wheeler and premium bike loans, electric two-wheeler loans of Rs 20,000-Rs 2,00,000, MSME term loans, working capital loans, invoice financing (a 7-30 day credit line up to Rs 5 lakh) and a merchant AfterPay product. Personal loans run from about Rs 25,000-Rs 50,000 up to Rs 10 lakh, with tenures from 6 to 60 months and interest rates cited between 16% and 30% per annum, a maximum APR of 29%, and a 2% processing fee plus taxes. Eligibility requires Indian residency, a minimum monthly income of Rs 30,000 and a filed latest income tax return.

Alongside lending, LoanTap has built BICRi (Business Indicator for Credit Ratings in India), a retailer rating and credit-health analytics tool that lets distributors evaluate and extend trade credit to retailers, and a middleware technology platform used by three financial institutions to originate and manage small-business loans.

Founding story

LoanTap was founded in 2016 by Satyam Kumar and Vikas Kumar. Satyam Kumar, CEO and co-founder, spent more than 19 years in banking, previously serving as National Head - Mortgages at IndusInd Bank and holding product, business and credit roles at ICICI Bank including Regional Head - Mortgages. Vikas Kumar, CTO and co-founder, was an IIM graduate with two decades in software who began his career at Infosys and co-founded Brainvisa in 2010.

Business model

LoanTap originates and underwrites loans through its own RBI-registered NBFC subsidiaries and, following a shift in strategy, also sources unsecured consumer loans for partner NBFCs rather than holding them on its own balance sheet. It additionally licenses a middleware origination and loan-management platform to banks and NBFCs and operates the BICRi retailer credit-rating tool.

Revenue is derived from interest on loans (quoted rates of 16-30% per annum, maximum APR 29%) and processing fees of 2% plus applicable taxes on the sanctioned amount, alongside sourcing arrangements with partner NBFCs and its lending software platform.

Traction

The Google Play app records more than 1 million (10L+) downloads and the iOS app has 585 ratings with a 4.1 average. The company reports an annual disbursal run rate of Rs 600 crore across 26 cities serving roughly 50,000 retail customers, with a stated target of Rs 900 crore in annual disbursements by FY26. Consolidated AUM stood at Rs 388 crore as of 31 March 2024 versus Rs 357 crore a year earlier, on FY24 total income of Rs 67.5 crore and a narrowed loss of about Rs 12.4-12.7 crore.

Latest developments

In June 2025 LoanTap announced a pre-Series C equity round of Rs 54 crore ($6.2 million) led by July Ventures with participation from 3one4 Capital, Avaana Capital, Kae Capital and the Swapurna Family Office, plus roughly Rs 20 crore ($2.3 million) in venture debt, bringing total funding to approximately $26 million. The proceeds are earmarked for expanding supply chain financing and invoice financing for small retailers and scaling the BICRi credit-readiness tool. The company said it was preparing to elevate a senior executive to co-founder and appoint a new CTO internally following Vikas Kumar's death.