Finance

LoanTap: Information, Eligibility Criteria, Interest Rates, Review & More

Shahnawaz Alam

Finance May 20, 2023

Why does anything have to wait? Especially when you need personal emergency loans for medical urgency; or to meet your business or lifestyle goals. LoanTap is the perfect assistant that gets your loan application approved within 30 minutes, and you get the fund within 6 hours.

Sounds interesting?

Well, it is. I know it is urgent, but you cannot just take a loan from an outright stranger for a loan provider. Yes, we have our trust issues. But that is what we call being careful and vigilant. So, here is all the info you need to know on LoanTap.

What Is LoanTap?

LoanTap is a personal loan company that offers instantaneous loans to loan seekers within 24 hours of their application. The process is simple. First, you have to download their application on your device. Then, upload all the documents they require to approve your loan, and the money gets transferred to your account. Does that sound complex? No?

They offer customized options for different amounts of loans. And the higher amount and the tenure of the loans actually benefit the applicants in so many ways. Applicants also have the benefit of flexible repayment.

You can apply for personal loans, holiday loans, EMI-free loans, house owner loans, rental deposit loans, wedding loans, credit card takeover loans, two-wheeler loans, premium bike loans, electric two-wheeler loans, MSME loans, and more.

The process is quick and only a few clicks away. Here, go through the features of LoanTap to understand more about what they have in store for you.

LoanTap Features

LoanTap is great for instant loans. You will have different advantages for your personal loans applied on the platform

User-Friendly Services

There is no need to worry if you have zero prior experience of getting a loan. The platform is super easy to use, and you can easily apply for a loan there. People with lower levels of experience and knowledge about borrowing money should have no problem using the platform.

No Hidden Charges Associated

The whole process of borrowing money from LoanTap is easy and transparent. Borrowers do not have to pay any hidden charges. Once your application is approved, you will not have to go through any additional fees than what is already mentioned.

Minimum Documents Required

When applying for a loan at LoanTap, you do not have to provide them with lots of your personal documents. They only collect some minimum document requirements for processing your loans. Also, the interest rate for different loans on LoanTap range between 15% p.a. to 24% p.a. However, it also depends upon the applicant’s eligibility.

Long Tenure

The best part of LoanTap loans is that they offer their borrowers the chance to repay within a long tenure. This flexibility provides the users with long tenures and smaller amounts in payable EMI for the loans. Yes, you will get your loan disbursed within 24 to 36 hours of application.

High Loan Amount

The disbursement range for the loans you apply for is high. You can apply for different amounts based on your requirements. There are also different types of loans you can apply for. However, the loan amount you can apply for depends upon your income, age, credit score, occupation, employer, work experience,

Quick Loan Approval & Disbursement

The process for application, approval, and loan disbursement is effortless. You can get your loan transferred with only a few simple clicks. You have to download the LoanTap app and then fill out the information required and wait for your application to be approved.

Flexible Repayment

When Flexible repayment options are there, you can repay your loan of outstanding amounts after a few months of the amount’s disbursal. You can repay your loan within 6 to 60 months of getting your loan.

Eligibility For Loans On Loantap Credit Products Private Limited

If you want to avail a loan from LoanTap, you need to fulfill several eligibility criteria. Here are those criteria –

The borrower must be 23 years old or older.
The maximum age of the borrower is 58 years.
The borrower must be a citizen of India.
The borrower needs to be a salaried worker at a reputable organization.
The borrower should also have a minimum of Rs. 30000 per month.
The borrower should also have a minimum of 2 years of experience.

Benefits of LoanTap Personal Loans

There are many benefits to getting a loan from Loantap funding. Here are some that you might want to know –

Loantap pays a high amount in loans. If you fulfill the eligibility criteria, they will disburse the amount you have applied for. Also, you will be able to repay the loan within flexible tenure.
Online loan eligibility on the LoanTap platform will let you check whether you are eligible for the loan or not. The process is simple and only takes you a few minutes. You can use the loan calculator and check the interest rate, processing fees, and all the necessary information about the loan you want.
There are many repayment options for you to choose from. There are switch, accelerated, and enhancement options for loan repayment.
The loan processing time is very instantaneous, meaning you will get your application reviewed, and approved and the loan transferred within a short period of time.
The loan application process is basic. The platform’s user-friendly interface makes it even easier. The process starts with the borrower downloading and using the LoanTap app on their phones.
These are unsecured loans. As a result, they don’t require you to provide any third-party guarantee. But the company might ask the borrower for third-party collateral under specific circumstances.

Bottom Line

Yes, there are other personal loan providers you can opt for. But LoanTap is among the best when it comes to high-amount loan disbursal under short notice. The quick and simple loan payment process makes it easy for borrowers to get money instantly. However, many borrowers might feel otherwise about the interest rates. But the long tenure and flexible repayment almost makeup for the high-interest rates.

If you are thinking of getting a personal loan, you can definitely think of LoanTap. However, you can also call LoanTap for more information through the Loantap customer care number (+91 788 804 0000).

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Shahnawaz Alam

Shahnawaz is a passionate and professional Content writer. He loves to read, write, draw and share his knowledge in different niches like Technology, Cryptocurrency, Travel,Social Media, Social Media Marketing, and Healthcare.

What Is The Current Ratio Formula? – Meaning, Interpretation, And More

The current ratio formula is used to calculate the current ratio of a business, This ratio gives an idea of the company’s capacity to repay its short-term loans that are due within a year. This ratio is really helpful for investors as it tells them about the company’s ability to meet its financial obligations. The investors thus evaluate whether the company is financially sound as compared to other competitors and stocks. ‘In this article, you will learn about what the current ratio means and how to calculate it using the current ratio formula. Apart from that, we will also give you tips on how to interpret the situation of a business using the current ratio formula. You will also learn how the current ratio works in general. Finally, we will discuss some of the major pros and cons of using the current ratio formula to calculate the situation of a business. What Is A Current Ratio? According to Investopedia, “The current ratio is a liquidity ratio that measures a company’s ability to pay short-term obligations or those due within one year. It tells investors and analysts how a company can maximize the current assets on its balance sheet to satisfy its current debt and other payables. A current ratio that is in line with the industry average or slightly higher is generally considered acceptable.” However, if the current ratio of a company is lower than what is expected on average from the industry, this indicates a higher risk of distress or default for the company. On the other hand, if a company has a very high current ratio as compared to its competitors in the same industry, this shows that the company might not be using its assets in an effective manner. There are various other liquidity ratios that investors use to calculate the situation of a company. Unlike other ratios, the current ratio makes use of all current assets and current liabilities. That is why the word ‘current’ is used here. It is also called the working capital ratio. Read More: Disaster Recovery Vs Business Continuity – What Are The Differences? Current Ratio Formula - How To Calculate It? According to Wall Street Mojo, “The current ratio equation is a crucial financial metric that assesses a company’s short-term liquidity by comparing its current assets to its current liabilities. A ratio above 1 indicates the company can meet its short-term obligations, while below 1 suggests potential liquidity issues. It aids in evaluating a firm’s financial health and ability to cover immediate debts.” Here is the formula with which you can calculate the current ratio of a company: Current Ratio Formula = Current Assets of the company / Current liabilities of the company The current assets of the company are listed in the company’s balance sheet. It consists of the following: Cash Accounts receivable Inventory Other current assets (OCA) that the company expects to liquidate or turn into cash within a year The current liabilities of the company are also listed in the company’s balance sheet. It consists of the following: Accounts payable Wages Taxes payable Short-term debts Current portion of the long-term debt Interpreting Using The Current Ratio Formula Based on the end result of the calculation, it can mean different things for the company. Here is how one can interpret the current ratio based on the results of a company: If the Current Assets of the company are greater than the Current Liabilities, then the Current Ratio is greater than 1. This shows a desirable situation for investors and the company. If the Current Assets of the company are equal to the Current Liabilities, then the Current Ratio turns out to be exactly 1. This shows that the company’s Current Assets are not enough to pay its short-term obligations. If the Current Assets of the company are less than the Current Liabilities, then the Current Ratio is less than 1. This creates a problem for the company since it does not have enough assets to pay for its short-term obligations. Investors mostly do not prefer to invest in such companies. How Does The Current Ratio Work? According to TheForage.com, “The current ratio describes the relationship between a company’s assets and liabilities. So, a higher ratio means the company has more assets than liabilities. For example, a current ratio of 4 means the company could technically pay off its current liabilities four times over. However, what makes a good current ratio depends on the industry.” In general, if the current ratio of the company stays between 1 and 3, it is an ideal situation for the company to get investments. However, there are certain business models and industries that operate perfectly fine with lower ratios. What Are The Pros And Cons Of Using Current Ratio? The following are some of the major pros and cons of calculating a company’s capability using the current ratio formula: Pros Of Using Current Ratio Here are the major pros of using the current ratio formula: It helps in understanding how cash-rich the company is It helps in gauging the short-term financial health, and stability It gives an idea of the operating cycle of the company and how efficient it is in selling off its products A greater value shows the efficiency of the management Cons Of Using Current Ratio Here are a few cons of using the current ratio formula: It is not sufficient to analyze the financial situation of the company. The inclusion of inventory may lead to overestimation. The ratio can be unstable during seasonal sales period. A change in the inventory valuation method impacts the ratio. Read More: Matrix Organizational Structure – What Are Its Pros And Cons? Wrapping Up Hope this article was helpful for you in getting a better understanding of how the current ratio formula works for businesses. It basically compares all the current assets of the company to its current liabilities. These assets have high liquidity, that is, either they are already cash, or they can be turned into cash within a year. These can also be liabilities to be paid within a year. Calculating the current ratio helps investors get a better understanding of whether a company is able to cover its short-term debts with its current assets. Investors also compare this value with other competitors in the industry. Can you share some more applications of the current ratio formula? Share them with us in the comments section below. Read Also: Why Business Continuity Planning Is Essential For Your Company? Business Risks – How To Identify, Manage, And Reduce Them? The Best Risk Mitigation Techniques For Your Business

What Are BA Stocktwits? Is BA Stocktwits A Good Buy?

Are you planning to buy the BA StockTwits? If yes, you have to understand the current market scenario to increase the chances of your stock returns. You must not make your choices in grey. Instead, work out the plans which can help you achieve your goals in the best possible manner. Plan your market research before you invest in BA StockTwits Develop a trading business that can help you to achieve your objectives. The profit earning potential of this company's stock prices is huge. You will not feel cheated if you invest in BA stock Twits. Here, planning and proper implementation of the planning hold the key. Keep your concepts intact while making your investments in BA StockTwits. Reasons To Purchase The BA StockTwits There are several reasons to purchase the BA Stocktwits to help you achieve your business goals in the correct direction. But, first, work out the plans that can help you achieve your objectives in the best possible manner. IPO allotment Status of BAStockwits you can check to get clarity in the decision-making process of your investments. 1. BA Stock Prices Closes At A Hike Boeing has faced turbulent two years for its latest trading sessions. However, it can help your business grow further in a short time frame. Workout your plans that can work well in your favor. Do not make your choices grey while investing your money in the stocks. Boeing has made some tough decisions to increase its market strength in preparing Aircraft orders. As a result, the shares of the Airplane builders have risen to 3.42% in the past month, and it is growing at a rapid rate. As a result, BA StockTwits are now challenging the market condition to rise above expectations. 2. Its Share Prices Will Increase A Lot In Upcoming Month It is expected that Boeing will display financial strength in the prices in the upcoming months. Till the next earning release, the economic power of this company will increase. You have to work out your plans to achieve your objectives in the correct direction. Its expected returns will be $0.06 per share in the market. In the upcoming years, the financial growth of this company ranges to 100.39% on a year-on-year basis. So it can help your business to grow at a rapid pace. The IPO allotment status check online can make things easier for you. 3. It Displays Strength In The Next Financial Year In the upcoming quarter, the net sales of this company are expected to grow by $17.77 billion. It is up by 16.11% from its upscale working unit. It will grow further in the right direction in the next financial year. The estimated earnings of $1.56 per share with average revenue of $65.33 billion will be considered over the next financial year. It is possible for the share prices to dip from 93.29% to 12.34%. Do not invest your money without considering the changes in the stock prices. 4. Projected Earnings Will Rise The BAStocktwits earnings will rise in the upcoming years. It can help your trading business to grow in the right direction. Do not make your choices in the wrong order while planning to invest in the stock market. The IPO allotment status will improve in the upcoming years of Boeing company. Positive estimated revisions ensure a higher level of business growth. It is why it shows a positive outlook for your business growth in the upcoming years to come. You cannot make your choices depending on the current scenario rather you have to understand the market status of the company as well. 5. Stock Prices Will Change Directly Investors should also maintain the recent changes as an analyst that comprises an optimistic estimate for Boeing. It typically reflects the short-term trends for the business, and it can help you understand the status of stock prices in the years to come. The average annual return for the stock prices has increased to 25% in the upcoming years. You will get better returns from your investments if you want to grow your business in the correct direction. Develop your investment strategies to increase the maximum returns from your investment. 6. Ensures Strong Position In The Stock Market The Boeing stock prices are increasing rapidly, and you will get a fair return from your investment if you invest your money when there is a considerable price hike. You will get a better price if you manage to make your investments at the right time. The Defence Industry is a part of the Aerospace sector. The Aerospace giant has delivered 302 aircraft since the year it commenced its business. During the end of November 2021, 829 gross orders were completed by Boeing. Why Buying The Stock Of Boeing Is Legit? Boeing can reflect higher share prices in the upcoming years, and there are several reasons behind it. So let’s find out the reasons one after the other to get a better insight into it. The orders of Boeing are increasing at 737 max output. It has a plan to boost the production of 31 jets per month. The commercial planes production of this company will increase by 69% in the upcoming year, as stated by its CEO. Boeing has recorded 156 million Starline capsules. In the upcoming NASA’s commercial crew program. It is one of the largest Aviation companies in the world today whose share prices you can trust blindly. In the upcoming year, it is expected that there will be a 31% increase in the stock prices of Boeing as the rate of production increases. The best thing about Boeing is its competitors cannot match with the range of services it offers to its clients. Final Take Away Hence, if you want to increase the returns from your investment, then buying the stocks of BA StockTwits can prove to be a good investment plan. It can increase the chances of your stock turnover over a particular period. Make your investments after making market research. Whenever you plan to increase the chances of your returns from your investment, you must ensure that you have analyzed the company profile in all possible aspects to increase the chances of your returns from your investment. #Disclaimer: The information provided on this blog is for educational and informational purposes only and should not be construed as financial advice. I am not a licensed financial advisor. Any investment decision you make is at your own risk, and you should consult with a qualified financial advisor before making any investment decisions. This site may contain affiliate links, and I may earn a commission at no additional cost to you. More Resources: What Is SHLL? Is SHLL A Good Stock In 2021? Is MAX Stock A Good Buy? Everything You Should Know MNPR Monopar Therapeutics Inc. Stock Forecast And News

Successful Trading Strategies With Bullish Engulfing Patterns

In financial markets, traders are constantly on the lookout for reliable patterns and signals to guide their decisions. One such pattern that has stood the test of time is a bullish engulfing pattern. This candlestick pattern is a strong indicator of a potential bullish trend reversal and has been a cornerstone in the toolkit of successful traders. So, delve into the strategies below that traders employ to capitalize on the Engulfing Patterns and potentially turn the tides of their trading fortunes. Identifying The Patterns The first step in any successful trading strategy involving these Patterns is identifying them. These patterns consist of two candlesticks – the first is a smaller bearish candle, followed by a larger bullish candle that completely engulfs the previous one. Traders look for this clear and distinct formation on their price charts. It's crucial to use technical analysis tools like moving averages, RSI, and trend lines to confirm the potential reversal before making any trading decisions. Timing Is Key Timing is everything in the trading world, and this holds when dealing with a bullish engulfing pattern. So, to maximize the chances of success, traders often wait for additional confirmation before entering a trade. This can include waiting for the bullish candle to close, ensuring it engulfs the bearish one. Waiting for confirmation can help filter out false signals and reduce the risk associated with premature entries. Setting Stop-Loss And Take-Profit Levels Risk management is a key aspect of any trading strategy, and trading these Patterns is no exception. Setting stop-loss and take-profit levels is crucial to safeguarding your capital and locking in profits. Traders typically place a stop-loss just below the low of the bullish candle that formed the pattern. This level serves as a safety net to limit potential losses if the trade doesn't go as expected. Meanwhile, take-profit levels, on the other hand, are usually set at a reasonable distance from the entry point, allowing traders to secure profits when the market moves in their favor. Combine With Other Indicators Successful traders understand the critical importance of utilizing a variety of multiple indicators and analytical tools in their comprehensive market analysis. While these Patterns are inherently powerful on their own, they become exponentially more robust and reliable when combined with other diverse technical indicators. Traders often vigilantly look for additional confirming signals such as overbought or oversold conditions, pivotal support and resistance levels, or clear trend confirmation from other reputable indicators like the MACD. This multifaceted, layered approach can provide stronger, more reliable validation for the potential bullish reversal, enhancing trading strategies. Practice Patience And Discipline Trading can be emotionally charged, and the excitement of spotting an Engulfing Pattern can lead to impulsive decisions. However, discipline and patience are essential virtues in trading. Successful traders know the importance of sticking to their trading plan and not letting emotions cloud their judgment. They wait for the right setup and confirmations and ensure they are not overtrading. Consistency in applying their strategies is what sets them apart. Conclusion In trading, mastering a bullish engulfing pattern can be a game-changer for traders looking to capitalize on potential bullish trend reversals. By identifying these patterns, timing their entries, setting appropriate risk management levels, combining them with other indicators, and practicing patience and discipline, traders can enhance their chances of success. Remember that no trading strategy is foolproof, and losses are a part of the game, but by adhering to these strategies and continuously learning and adapting, traders can work towards achieving consistent profitability. So, the next time you spot an Engulfing Pattern on your price chart, approach it with these proven strategies in mind, and you might just find yourself on the path to trading success. Read Also: Bnku Stock: Microsectors Us Big Banks Index 3x Leveraged Etns Tui Share Price Forcast: Everything You Should Know Poocoin Stock Forecast: Everything You Should Know

Goldman Sachs Recommends 5 Stocks To Buy As It Updates About AI’s Role In The Music Industry

Goldman Sachs's statements about the role of AI in the music industry in the future raise hopes for music shares. The investment company is optimistic about the structural change that is about to happen in the music industry. Last month Goldman Sachs raised its estimates for the revenues regarding the music industry, where they predicted that the industry would be worth $94.9 billion by the end of 2023, and by 2023, it will be worth $153 billion. It described that AI would bring "significant opportunities" for the music industry in the next few years. As per Goldman Sachs' analysts' claim on 28th June, “Generative AI will super-charge music creation capabilities and improve productivity.” Furthermore, regarding AI’s concerns in the music industry with fake syncing, the analysts claimed that many investors are overstating them. The investment company named five stocks that are expected to remain in trend for a long time in the music industry. These are Universal Music Group, Warner Music Group, Live Nation, Believe, and NetEase. Goldman Sachs claims all five stocks as top stocks. The Goldman analysts directed many eyes towards the music industry, as they added, “We believe the music industry is on the cusp of another major structural change given the persistent under-monetisation of music content, outdated streaming royalty payout structures and the deployment of Generative AI.” The analysts at Goldman Sachs reported that the music industry is properly set up to protect its intellectual property rights. This is because there are three large companies on the list that have already established in the industry for a protracted time. The hopes for the music industry are lofty, as the new technology systems coming with AI will reportedly change the perception and the processes of music creation. Read Also: Elon Musk Again Tops The Chart For Becoming The Richest Person In The World, Beating Bernard Arnold $852 Billion Surge Lead By Zuckerberg Among The World’s Richest People Sudden Demise Of Sylvester DaCunha Makes Shocked The Nation

LoanTap: Information, Eligibility Criteria, Interest Rates, Review & More

What Is LoanTap?