Comparison

LoanTap vs Instantpay

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

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.

Highlights
  • Fast loan disbursal (24 hours)
  • Flexible repayment plans
  • Customized personal loans
  • Minimal documentation
  • Contactless digital application
  • Multiple loan solutions
Features
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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

About

Instantpay

A comprehensive business banking solution designed to streamline financial operations. Manage accounts, process payments, track expenses, and access loans all in one digital platform. Ideal for businesses of all sizes seeking efficient money management.

Highlights
  • Smart current account for simplified banking
  • Connect and manage existing bank accounts
  • Send and receive payments via all methods
  • Bulk payouts and one-click payments
  • Payment links and QR code collections
  • Contactless cards for expense management
  • Collateral-free business loans
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Millions of businesses trust Instantpay — one place for all your business banking needs. Providing a superior digital experience, we offer a full-featured current account and debit card that simplify and automate payouts, collections, expense management, and more, making it easier for your business to run. With a quick and easy KYC process, you can begin accepting payments within minutes. With our assistance, startups, small and medium businesses, large companies, and others can manage all of their money movements seamlessly. Designed for modern businesses, our tech-led solutions enable them to spend, save, and manage their money online. Managing your bank account isn't the only thing you can do with Instantpay. You can manage employee expenses, make business decisions, and take advantage of new market opportunities with its help. Reasons to Choose Instantpay: • Open a smart current account for your business that simplifies banking and payments. • Connect and manage existing bank accounts via a single interface. • Send and receive payments via all payment methods. • Make one-click payments and send payouts in bulk. • Simply add the recipient's details to the Contact Book to enjoy seamless fund transfers. • Create payment links and share them via SMS, WhatsApp, or email to make collecting payments as easy as possible. • Enable digital payment collections through QR codes. • With Instantpay Contactless Cards, you can spend, track, and manage business expenses. • Create unique corporate gifting programs with Gift Cards and Brand Vouchers. • Scale your business with collateral-free business loans that meet your working capital needs. • 100,000+ physical touchpoints. • With our 24x7 support, we are always available to assist you.

Screenshots

LoanTap4 screens
Instantpay4 screens

Verdict

The call

The clearest difference is review sentiment: LoanTap at 65% against Instantpay's 0%. LoanTap also leads on rating (3.7 vs 1.1) and update cadence (every 11 days vs monthly). Instantpay's advantage is ratings volume (19 vs 3). 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

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. Neither carries in-app purchases, so what you see is what you pay.

ReceptionRating · Positive reviews · Number of ratings

LoanTap holds the better App Store score, 3.7 against 1.1. That said, the two scores are not equally well evidenced: Instantpay has 19 ratings behind it against 3, so its average is the more settled of the two. Written reviews point the same way: 65% of LoanTap's written reviews are positive against 0% of Instantpay's.

UpkeepUpdate frequency

LoanTap ships an update every 11 days, Instantpay monthly. The most recent releases landed on October 8, 2026 and October 3, 2026 respectively.

Scorecard4 real differences · 6 level
LoanTap versus Instantpay: the parameters behind the verdict, then further details
ParameterLoanTapInstantpay
PriceFreeFree
Rating3.7 (3 ratings) — better1.1 (19 ratings)
Positive reviews65.0% of reviews — better0.0% of reviews
Number of ratings319 — better
Update frequencyEvery 11 days — betterMonthly
AdsNoNo
In-app purchasesNoNo
MonetizationFreeFree
DevicesiPhone, iPodiPhone, iPod
Requires iOS15.114.0 — better
Further details — not scored
Size76 MB94 MB
Age rating4+17+
DeveloperLoantap Financial Technologies Pvt. Ltd.Instantpay India Limited

Customer experience

LoanTap

All ratings3 ratings
Positive66.7%
Neutral0.0%
Negative33.3%
Written reviews20 reviews
Positive65.0%
Neutral0.0%
Negative35.0%

Instantpay

Written reviews4 reviews
Positive0.0%
Neutral0.0%
Negative100.0%

In-app purchases

None

LoanTap

No in-app purchases

None

Instantpay

No in-app purchases

Questions

Is LoanTap free?
LoanTap is free to download, with no in-app purchases.
Is Instantpay free?
Instantpay is free to download, with no in-app purchases.
Which has better reviews, LoanTap or Instantpay?
LoanTap is rated higher. LoanTap averages 3.7 out of 5 from 3 ratings, while Instantpay averages 1.1 from 19 ratings.
Do LoanTap or Instantpay have ads?
Neither LoanTap nor Instantpay shows ads.
Which is updated more often, LoanTap or Instantpay?
LoanTap ships an update every 11 days, and Instantpay monthly. Most recently, LoanTap was updated on October 8, 2026 and Instantpay on October 3, 2026.

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