How EMI Free Loan Works
Based on your eligibility, we disburse the loan amount directly to your bank account.
Because; it is “EMI FREE” loan – an interest only loan which lets you have the “LOAN” without paying the EMI for a period as decided during the sanctioning process of the loan. Since this is interest only payment, your principal amount remains unchanged. The day you are comfortable to repay the “X” amount of the loan; your total outstanding amount reduces and there is a new interest calculation applied based on the outstanding loan amount.
Interest is calculated from the date of disbursal and the same is added to your loan statement. Same has to be paid on 7th of the following month. Finally, you get to have an EMI free loan that meets all your terms and conditions and propels you to growth.
Why Choose Loan Tap For EMI Free Loan?
► Quick turnaround time
► No burden
► No hidden fees
► You get what you are sanctioned