Get ₹70,000 Personal Loan Instantly

You apply through lendingplate website by filling out a simple form. Share your basic information, including name, age, income, and employment details. Upload required KYC documents like ID proof, address proof and income statements. Our system verifies your details instantly using automated processes. Once approved, money transfers to your bank account within 30 minutes. The entire process happens digitally without visiting any branch.

Yes, you can apply multiple times after repaying your existing loan completely. We evaluate each new application based on your current financial situation and repayment history. Successful repayments improve your chances for future approvals. There's no specific cooling period between loans if you maintain good repayment records. However, applying too frequently might affect your credit score due to multiple inquiries. We recommend borrowing only when necessary.

No, we don't have hidden charges at lendingplate. All fees, including processing fees (1-5%), interest rates (12-36% annually), and other charges appear clearly in your loan agreement. You see the exact EMI amount before accepting the loan offer. Our mandate return fee costs ₹500 when applicable. Prepayment charges apply at 5% unless paid after the first due date. We believe in complete transparency about costs.

You can prepay your loan anytime with minimal charges. We charge 5% of the outstanding amount as a foreclosure fee. However, this fee doesn't apply if you prepay after your first EMI due date. Prepayment reduces your interest cost significantly. You need to inform us through the app or customer care before making the payment. The process takes 1-2 working days for complete closure. Your credit report updates within 30 days, showing zero balance.

Yes, our digital platform processes applications around the clock. You can apply anytime through a website or mobile app. Verification happens automatically for most applications through our digital systems. Fund transfers happen instantly during banking hours. During non-banking hours, funds disburse the next morning when banks open. Our customer support team helps during working hours with application questions. Weekend applications might experience slight delays.

You need these documents –

• Identity proof (Aadhaar/PAN card)
• Address proof (utility bill/rent agreement)
• Income proof (salary slips/bank statements) and
• Employment details

The documents must be clear and current for faster processing. Digital copies work fine through our app or website. We verify most documents electronically without physical submission. Sometimes, we might request additional documents based on your profile. Having these documents ready speeds up approval significantly.

Missing payments result in late payment fees and affect your credit score negatively. We charge penalties, as mentioned in your loan agreement, on overdue amounts. Our system sends reminders before and after due dates through SMS and email. After repeated missed payments, the legal recovery process might begin as per RBI guidelines. We recommend contacting customer support immediately if you face payment difficulties. Sometimes, we offer restructuring options for genuine financial hardships.