Payday Loans Direct vs LoanTap
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
Payday Loans Direct
Access quick cash with a simple application process. Borrow up to £1,000 directly to your account, available 24/7, with no phone calls or faxes required. Get funds quickly without upfront fees.
- Borrow up to £1,000
- Quick application
- Available 24/7
- No phone calls or faxes
- No upfront fees
- No obligation to accept
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Payday loans directly to you! • Borrow up to £1,000 • Quick application • Available 24/7 • No phone calls and faxes required • Open even on bank holidays • No upfront fees We know you need money in short time that's why we made payday loans simple. You just need to complete the quick application form, then the lender that accepts you for a loan will appear on the screen of your mobile device. You choose whether you get the loan or not, there's no-obligation to buy any product.
LoanTap
Access fast, flexible personal loans designed for salaried professionals. Choose from various repayment plans to suit your financial needs and get funds quickly with minimal documentation. Apply digitally from anywhere.
- Fast loan disbursal (24 hours)
- Flexible repayment plans
- Customized personal loans
- Minimal documentation
- Contactless digital application
- Multiple loan solutions
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Fast, Flexible, Friendly Loans for Salaried Professionals! Avail LoanTap’s customized personal loans in 24 hours*. You can enjoy flexible repayment plans that are best suited to lower your monthly EMIs Minimum Salary Required = Rs. 30,000/month LoanTap offers personal loans for tenures between 3 months to 60 months. Our loans are both short term and long term with a minimum repayment period of 6 months (for long term loans) post which loan can be closed without any charges! At LoanTap, we give loans between INR 25,000 to INR 10,00,000. Our Interest Rates start from 18% and go up to 30% per annum depending upon products, personal circumstances, credit assessment procedures and other related factors. We charge processing fees at 2%+ applicable taxes; on the gross loan amount sanctioned. Repayment Plans offered by LoanTap - One can avail loans for various purposes like travel, wedding, medical emergency, business expansion, home renovations, purchasing a vehicle or any other financial need. Choose from a variety of personal loans and avail the benefits of Flexible repayment plans such as - Step Up - Interest only payment option for the initial 3 months, followed by fixed EMIs for the remaining tenure. EMI Free - Interest only payment every month coupled with bullet payment towards the Principal every 3/6 months. Reduces your monthly instalment by 40% Term - Repayment done via Fixed equated monthly installments. Each installment reduces both interest and principal amount. Overdraft - Interest only payments on the amount you withdraw from your sanctioned credit limit. Credit Card like facility with No restriction on withdrawals and usage. Note: Final instalment options for a loan will be decided based on your profile and inputs Reasons to download the LoanTap App: 8 reasons why should you choose LoanTap over any other lending app: 1. Lower instalments 2. Fastest turnaround time 3. Flexible repayment plan 4. No foreclosure charges # 5. Higher Loan amount 6. Higher Loan Tenure 7. Minimum documentation 8. One app for all kinds of personal loans What makes LoanTap App the best online personal loan app? 1. Easy registration 2. Easy upload of documents and eKYC 3. eAgreement and Disbursal 4. Trusted customer support Avail a contactless, completely digital personal loan with LoanTap. We simplify the loan process right from registration to disbursal. You can now avail a personal loan from the comfort of your home with the help of the Best Instant loan App. Eligibility Criteria for Loan Application: 1. Individuals with a minimum income of INR 30,000 2. Indian Citizens/Residents who are 21 years & above One App – Multiple Loan Solutions: LoanTap offers unique/flexible Credit products such as EMI Free Loan, Personal Overdraft Loan, Advance Salary Loan, Personal Loan, Wedding Loan, Holiday Loan, Credit Card Takeover Loan, Premium Bike Loan, Rental Deposit Loan, House Owner Loan, Medical loan, Vehicle loan and Short term Credit line. LoanTap’s EMI Free Loan has won “ET Now presents BFSI Most Innovative FinTech product” for the Year, 2019 Cities of Operation: • Ahmedabad • Bangalore • Bhopal • Chandigarh • Chennai • Coimbatore • Delhi NCR • Hyderabad • Indore • Jaipur • Mumbai • Pune • Raipur • Vadodara To apply for a Loan via website – http://loantap.in/apply Security and Privacy Policy: We have a highly secured & encrypted system to ensure safety of information shared by our customers. To read our privacy policy click here: https://loantap.in/privacy-security/ Terms and Conditions: LoanTap offers loans from its in-house RBI registered NBFC, LoanTap Credit Products Private Limited. For more terms and conditions, click at https://loantap.in/terms-of-use/ Please do reach out/write to us on info@loantap.in or call at +91 788 804 0000 for any other information. *: subject to credit checks #: subject to conditions
Screenshots
Verdict
The clearest difference is update cadence: LoanTap at every 11 days against Payday Loans Direct's every 28 months. LoanTap also leads on rating (5.0 vs 4.6) and review sentiment (65% vs 40%). Payday Loans Direct's advantage is ratings volume (302 vs 2) and iOS requirement (9.1 vs 15.1). On price, ads, in-app purchases and monetization model there is nothing between them.
Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS
Both are free to download. Neither carries in-app purchases, so what you see is what you pay.
LoanTap holds the better App Store score, 5.0 against 4.6. That said, the two scores are not equally well evidenced: Payday Loans Direct has 302 ratings behind it against 2, so its average is the more settled of the two. Written reviews point the same way: 40% of Payday Loans Direct's written reviews are positive against 65% of LoanTap's.
Payday Loans Direct ships an update every 28 months, LoanTap every 11 days. The most recent releases landed on November 11, 2026 and November 3, 2026 respectively.
| Parameter | Payday Loans Direct | LoanTap |
|---|---|---|
| Price | Free | Free |
| Rating | 4.6 (302 ratings) | 5.0 (2 ratings) — better |
| Positive reviews | 40.0% of reviews | 65.0% of reviews — better |
| Number of ratings | 302 — better | 2 |
| Update frequency | Every 28 months | Every 11 days — better |
| Ads | No | No |
| In-app purchases | No | No |
| Monetization | Free | Free |
| Devices | iPhone, iPad, iPod — better | iPhone, iPod |
| Requires iOS | 9.1 — better | 15.1 |
| Further details — not scored | ||
| Size | 24 MB | 76 MB |
| Age rating | 4+ | 4+ |
| Developer | Rainbow UK Ltd | Loantap Financial Technologies Pvt. Ltd. |
Customer experience
Payday Loans Direct
LoanTap
In-app purchases
Payday Loans Direct
No in-app purchases
LoanTap
No in-app purchases
Questions
Is Payday Loans Direct free?
Is LoanTap free?
Which has better reviews, Payday Loans Direct or LoanTap?
Do Payday Loans Direct or LoanTap have ads?
Which is updated more often, Payday Loans Direct or LoanTap?
Other comparisons
