Comparison

LoanTap vs Salmon

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
Read full description

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

Salmon

Manage your savings, credit, and loans in one convenient app. Access credit lines, product loans, and savings accounts with competitive interest rates and cashback rewards. Track your finances and make repayments easily, all within the Philippines.

Highlights
  • Borrow up to ₱60,000 with 0% interest
  • Credit line up to ₱250,000 with cashback
  • Time deposit with 4% p.a. interest
  • Salmon Save with zero lock-in
  • Manage all financial products in one place
  • Track due dates and check balances
Features
Read full description

Salmon puts your savings, credit, and loans in one app — available across the Philippines. Whether you're buying something now and paying for it over time, growing your savings, or keeping credit ready for when you need it, it's all here. - Take home what you need today, pay for it monthly — borrow up to ₱60,000 from 0% down payment and 0% interest with Product Loan, available at over 10,000 partner stores nationwide - Credit you'll actually use, with cashback to show for it — get a reusable credit line of up to ₱250,000 with 0% interest for up to 62 days, plus earn up to ₱1,250 cashback every month - Put your money to work — start with as little as ₱5,000 on terms from 6 months to 5 years with Time Deposit - Grow your savings, then withdraw whenever you need to — with Salmon Save, get a flat 4% p.a. on any balance and zero lock-in For existing customers Manage your Credit Line, Product Loan, Moto Loan, Time Deposit, and Salmon Save in one place. Track due dates, check balances, and make repayments, all without visiting a branch. Find us online Facebook: https://facebook.com/salmonphilippines Website: https://salmon.ph Now the part our lawyers asked us to include We handle real money, so there's some fine print. Salmon app is operated by Salmon Group Ltd and functions as a Platform-as-a-Service (PaaS) provider. All financial products and services available through the app are issued exclusively by licensed subsidiaries of Salmon Group Ltd. in the Philippines.  - Sunprime Finance Inc., a financing company registered with the Securities and Exchange Commission (SEC) (SEC Reg. No. CS201916698, C.A. No. 1241), provides credit services through its Online Lending Platform, LoanOnline.  - Salmon Bank (Rural Bank) Inc., licensed by the Bangko Sentral ng Pilipinas (BSP), provides deposit and basic electronic financial services (EPFS).  Salmon Group Ltd does not issue financial products and acts solely as the technology platform provider. All services offered through the app are available only to users located in the Philippines and require a Philippine mobile number for registration and access.

Screenshots

LoanTap4 screens
Salmon4 screens

Verdict

The call

The clearest difference is ratings volume: Salmon at 438 against LoanTap's 2. Salmon also leads on review sentiment (82% vs 65%). LoanTap's advantage is rating (5.0 vs 4.7). On price, update cadence, ads and in-app purchases 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, 5.0 against 4.7. That said, the two scores are not equally well evidenced: Salmon has 438 ratings behind it against 2, so its average is the more settled of the two. Written reviews complicate that: 65% of LoanTap's written reviews are positive against 82% of Salmon's, so the app with the better star average is not the one people write more warmly about.

UpkeepUpdate frequency

LoanTap ships an update every 11 days, Salmon every 2 weeks. The most recent releases landed on November 3, 2026 and November 7, 2026 respectively.

Scorecard3 real differences · 7 level
LoanTap versus Salmon: the parameters behind the verdict, then further details
ParameterLoanTapSalmon
PriceFreeFree
Rating5.0 (2 ratings) — better4.7 (438 ratings)
Positive reviews65.0% of reviews81.8% of reviews — better
Number of ratings2438 — better
Update frequencyEvery 11 days — betterEvery 2 weeks
AdsNoNo
In-app purchasesNoNo
MonetizationFreeFree
DevicesiPhone, iPod — betteriPhone
Requires iOS15.1 — better16.0
Further details — not scored
Size76 MB223 MB
Age rating4+4+
DeveloperLoantap Financial Technologies Pvt. Ltd.Salmon Group Ltd

Customer experience

LoanTap

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

Salmon

All ratings426 ratings
Positive93.9%
Neutral2.1%
Negative4.0%
Written reviews11 reviews
Positive81.8%
Neutral0.0%
Negative18.2%

In-app purchases

None

LoanTap

No in-app purchases

None

Salmon

No in-app purchases

Questions

Is LoanTap free?
LoanTap is free to download, with no in-app purchases.
Is Salmon free?
Salmon is free to download, with no in-app purchases.
Which has better reviews, LoanTap or Salmon?
LoanTap is rated higher. LoanTap averages 5.0 out of 5 from 2 ratings, while Salmon averages 4.7 from 438 ratings.
Do LoanTap or Salmon have ads?
Neither LoanTap nor Salmon shows ads.
Which is updated more often, LoanTap or Salmon?
LoanTap ships an update every 11 days, and Salmon every 2 weeks. Most recently, LoanTap was updated on November 3, 2026 and Salmon on November 7, 2026.

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