Lendingplate Personal Loan App – Get ₹10,000 to ₹2,50,000 Instant Personal Loans : Comprehensive Guide
Lendingplate Personal Loan: In today’s fast-paced world, financial emergencies can arise at any time. Whether it’s medical expenses, wedding costs, urgent bill payments, or debt consolidation, having access to an instant personal loan can be a lifesaver. Lendingplate is a trusted personal loan app in India that offers quick and hassle-free loans ranging from ₹10,000 to ₹2,50,000. With attractive interest rates, zero collateral requirements, and a fully online process, Lendingplate ensures that you get financial assistance when you need it the most.
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What is Lendingplate?
Lendingplate is a personal loan platform offered by Unifinz Capital India Limited, a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI). This instant loan app provides short-term loans with flexible repayment options and a transparent lending process. Whether you need funds for planned expenses or unforeseen financial crises, Lendingplate ensures quick disbursal and a seamless borrowing experience.
Features of Lendingplate’s Instant Personal Loan App
Lendingplate offers a range of benefits that make it one of the best instant loan apps in India:
- Instant Personal Loans: Borrow amounts ranging from ₹10,000 to ₹2,50,000.
- Flexible Repayment Options: Loan tenure varies between 3 months to 15 months.
- Minimal Processing Fees: Charges range between 1% to 5% of the loan amount.
- Competitive Interest Rates: Starting from 12% per annum, depending on your credit profile.
- APR Range: 12% to 36% annually, subject to borrower risk assessment.
- 100% Online Process: No physical paperwork; apply and get approved digitally.
- Boost Your Credit Score: Timely repayment can improve your CIBIL score.
- No Prepayment Charges: Repay early at your convenience without additional fees.
- 3-Day Free Look Period: Exit the loan within three days by paying the principal and applicable interest only.
- 24×7 Loan Application & Repayment: Apply and repay your loan anytime, anywhere.
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Eligibility Criteria for Lendingplate Instant Loan
To qualify for a loan with Lendingplate, you must meet the following criteria:
- You must be an Indian citizen.
- You should be at least 21 years old.
- Your net monthly salary should be a minimum of ₹20,000.
- Your salary must be credited regularly to your bank account.
How to Apply for a Personal Loan on Lendingplate?
Applying for an instant loan through Lendingplate is simple and convenient. Follow these steps:
- Download the Lendingplate App from the Google Play Store or App Store.
- Register with your Mobile Number and verify using OTP.
- Check Pre-Approved Offers by verifying your PAN card.
- Complete Profile Registration by providing basic details and a selfie.
- Submit Income Documents such as salary slips and bank statements.
- Complete KYC Verification using Aadhaar and address proof.
- E-Sign the Loan Agreement and set up NACH for automatic repayments.
- Receive Loan Amount Directly in your bank account within minutes upon approval.
Lendingplate Personal Loan Representative Example
To understand how Lendingplate personal loans work, consider this example:
- Loan Amount: ₹25,000
- Interest Rate (ROI): 36% per annum
- Tenure: 12 months
- Processing Fee (Incl. GST): ₹1,250
- Conversion Fee (Incl. GST): ₹1,250
- Monthly EMI: ₹2,512
- Total Interest Payable: ₹5,144
- Total Repayment Amount: ₹30,144
- Total Cost of Loan (Incl. Principal): ₹32,644
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Why Choose Lendingplate for Instant Loans?
Lendingplate offers several advantages that make it one of the most preferred instant loan platforms in India:
1. Quick Loan Approval & Instant Disbursal
Lendingplate processes loan applications in real-time, ensuring that approved applicants receive funds in their bank accounts within minutes.
2. No Collateral Required
Unlike traditional loans, Lendingplate’s personal loan requires no collateral, making it accessible to salaried professionals.
3. User-Friendly Mobile Application
The Lendingplate app is designed for a seamless borrowing experience with an intuitive interface and easy navigation.
4. Flexible Repayment Tenures
You can choose a repayment plan that suits your financial situation, with tenures ranging from 3 to 15 months.
5. No Hidden Charges
Lendingplate follows a transparent fee structure, ensuring borrowers are fully aware of all costs associated with the loan.
6. Secure Transactions & Data Privacy
Lendingplate complies with RBI guidelines, ensuring the safety and confidentiality of user data.
Conclusion
Lendingplate is one of the best instant personal loan apps in India, offering quick loans with minimal documentation, flexible repayment options, and competitive interest rates. Whether you need funds for an emergency or planned expenses, Lendingplate provides a hassle-free solution with instant approvals and direct bank transfers. If you meet the eligibility criteria, applying for a personal loan through Lendingplate can be a smart financial decision to meet your urgent cash needs.
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Disclaimer: Lendingplate personal loans are subject to eligibility and risk assessment by the lender. Interest rates, fees, and approval time may vary depending on the applicant’s credit profile. Please read the loan terms carefully before proceeding with the application. Taking loans beyond your repayment capacity can impact your credit score. This article is for informational purposes only and should not be considered financial advice. Readers are encouraged to conduct their own research before applying for a loan. The author and publisher hold no responsibility for any financial decisions made based on this content.
