LoanTap vs Salmon
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
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
Salmon
This finance app connects users with reliable financial services, offering credit lines, savings accounts, and time deposits. Manage your finances, access loans, and make secure transactions all within one platform.
- Reusable credit line up to ₱250,000
- Interest-free purchases for up to 62 days
- Virtual card for secure transactions
- QR Ph payment acceptance
- Interest-earning savings and time deposits
- Digital management of financial products
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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
Verdict
The clearest difference is rating: Salmon at 4.8 against LoanTap's 3.7. Salmon also leads on ratings volume (400 vs 3) and review sentiment (82% vs 65%). 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
Both are free to download. Neither carries in-app purchases, so what you see is what you pay.
Salmon holds the better App Store score, 4.8 against 3.7. That said, the two scores are not equally well evidenced: Salmon has 400 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 82% of Salmon's.
LoanTap ships an update every 11 days, Salmon every 3 weeks. The most recent releases landed on September 21, 2026 and September 28, 2026 respectively.
| Parameter | LoanTap | Salmon |
|---|---|---|
| Price | Free | Free |
| Rating | 3.7 (3 ratings) | 4.8 (400 ratings) — better |
| Positive reviews | 65.0% of reviews | 81.8% of reviews — better |
| Number of ratings | 3 | 400 — better |
| Update frequency | Every 11 days — better | Every 3 weeks |
| Ads | No | No |
| In-app purchases | No | No |
| Monetization | Free | Free |
| Devices | iPhone, iPod — better | iPhone |
| Requires iOS | 15.1 — better | 16.0 |
| Further details — not scored | ||
| Size | 76 MB | 297 MB |
| Age rating | 4+ | 4+ |
| Developer | Loantap Financial Technologies Pvt. Ltd. | Salmon Group Ltd |
Customer experience
LoanTap
Salmon
In-app purchases
LoanTap
No in-app purchases
Salmon
No in-app purchases









