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We serve loans, the best way you can borrow
Financial challenges can strike unexpectedly. Our 2 lakh instant loan provides the perfect solution to manage your urgent monetary requirements.
Hassle-Free Funding Process
Flexible Repayment Options
No Collateral Required
Instant Online Application
Competitive Interest Rates
Wide Range of Usage
Minimal Documentation
Excellent Customer Support
We understand your financial journey requires reliable and swift support. Our platform ensures smooth and transparent lending experiences.
Understanding the financial commitment is crucial. We believe in complete transparency for our customers.
| Charges | Details about the Charges |
| Processing Fee | 1% - 5% of loan amount |
| Conversion Fee | 1 - 5% of the amount |
| Interest Rate | 12% - 36% per annum |
| Foreclosure | 5% of the amount [Nil when prepaid on or after your] |
| Mandate Return Fee | 500/- [inclusive of GST] |
We make borrowing accessible while maintaining responsible lending practices.
Your loan application needs to meet these basic criteria:
Age: 21-60 years
Monthly Income: Minimum ₹20,000
Stable employment history
Acceptable credit score
Residential stability
Keep these ready for a smooth application:
Identity Proof: PAN Card
Address Proof: Aadhaar Card
Latest salary slips
Bank statements
Photograph
Financial opportunities exist for everyone regardless of credit background. Complete your loan application from home using our user-friendly mobile app or website. Check out more from here –
Check Eligibility Online
Upload Required Documents
Receive Instant Approval
Complete Fund Transfer
EMI calculation involves standard financial formulas considering principal amount, interest rate and loan tenure. A 2 lakh personal loan EMI depends on multiple factors, including – repayment period and interest rate).
The standard EMI formula provides a systematic approach to determining your monthly repayment amount. Let’s break this down into a formula –
EMI Formula: [P x R x (1+R)^N] / [(1+R)^N - 1]
Where –
P is Principal Amount (₹2,00,000)
R is Monthly Interest Rate (Annual Rate ÷ 12)
N is the Total Number of Months
Let’s say the annual interest rate for the loan amount of ₹2,00,000 is 18%. Your monthly interest rate is 1.5%, and your loan tenure is 12 months.
So, here is the calculation:
Calculate Monthly Interest Rate –
Annual Rate: 18%
Monthly Rate: 18% ÷ 12 = 1.5% (0.015 in decimal)
Determine Total Months –
Loan Tenure: 12 months
Apply the EMI Formula – [2,00,000 × 0.015 × (1+0.015)^12] / [(1+0.015)^12 - 1]
Your result is approximate₹18,500 (monthly EMI).
Financial choices impact your future. Making informed decisions requires careful consideration and understanding of personal loan options.
assurance (if approved)
Online
Safe
Transparent
At lendingplate, you can customise your loan repayment schedule to match your financial comfort and monthly budget. Select the loan tenure within 3 to 15 minutes and enjoy hassle-free repayment. Here are the documents you may require –
Your official government identification serves as a critical gateway to financial verification. We accept multiple documents like your Aadhaar card, PAN card, passport, or driving license that confirm your legal identity and provide essential personal information.
Financial stability matters most during loan processing. We require comprehensive documentation showing your earning potential. Salaried professionals should submit recent salary slips, bank statements reflecting consistent income, and Form 16 for comprehensive income documentation.
Residential proof establishes your credibility and helps verify your permanent location. Acceptable documents include electricity bills, rental agreements, telephone bills, or government-issued address verification documents that clearly display your current residential address.
Access funds without risking your valuable assets or property with our unsecured personal loan. Get money directly in your account without complicated paperwork or long waiting periods at lendingplate.
Submit basic documents and get instant verification without complex paperwork at lendingplate to enjoy these benefits –
Get loans approved quickly.
Lowest interest rates available.
Seamless online application process.
Securing a speedy personal loan is simple with lendingplate. Visit our website to complete the digital application by providing accurate personal and financial details. Upload the necessary documents and verify your income instantly. Once approved, funds transfer directly to your bank account within minutes.
Multiple loan applications are possible based on your repayment history. Each application undergoes individual assessment considering your current credit score and financial capacity. Timely repayments of previous loans enhance your chances of future approvals. We evaluate your financial credibility holistically.
Transparency defines our lending approach. All charges are clearly communicated upfront before loan disbursal. Our detailed loan agreement includes processing fees, interest rates, and potential penalties. No surprise costs will emerge later. You receive complete financial clarity from the beginning. Check out our rates to get a better understanding.
Early loan closure involves a small foreclosure charge calculated as a percentage of the outstanding amount. We offer flexibility by waiving prepayment penalties after your first due date. This approach encourages financial discipline while providing borrowers with cost-saving opportunities.
Our digital platform enables round-the-clock loan applications. Emergency fund transfers typically complete within 30 minutes, ensuring rapid financial support when you need it most.
Quick loan approval requires minimal documentation. Submit government-issued identity proof, address verification documents, and income statements. Salaried individuals need recent salary slips and bank statements. Self-employed applicants must provide income tax returns and business documentation for smooth verification.
Missing loan payments may trigger specific consequences. A mandatory return fee applies, and your credit score may be impacted. We recommend proactive communication if you anticipate payment challenges. Our customer support can help design alternative repayment strategies.
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Select the loan details you want to know
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Make your living space better without emptying your savings account. Fix that leaky roof or build the kitchen you've always wanted. Get competitive interest rates and flexible repayment options. Quick approvals mean you can start work fast. Smart interest rates and easy EMIs help you create better living spaces with peace of mind.
Getting urgent medical care shouldn't depend on your bank balance. Medical emergency loans give you quick access to funds when health issues strike. We care about your health with instant medical loans. Get started with minimal paperwork and receive money in your account within hours. Easy repayment terms let you concentrate on recovery while managing your finances sensibly.
It was excellent and easy process and disbursal. Thanks to lendingplate. I didn't believe it was really awesome. It's really instant process.
Awesome and quick service. Quick coordination with resolution. I really appreciate Mr. Sagar Negi, he helped me with quick resolution. The best app to take loan, if you are struggling other apps.
A very good platform for borrowing money. The loan process is very simple and it took very less time to approve the loan.
It's very nice app for the personal loan first time you maybe face some issues but the support are very good so they will help you every step over-all it good.
It's very good app and easy to access the portal. Easy process of getting the loan in half an hour. Thanks, lendingplate for your great support.
Best platform till now for an emergency need of funds. Completely reliable and trustworthy. My favourite website till now.
Unifinz Capital India Limited is a Non Banking Finance Company (NBFC) registered with the Reserve Bank of India (RBI). lendingplate is the brand name under which the company conducts its lending operations and specialises in meeting customer’s instant financial needs.
