Get Instant Loan for Mobile

At lendingplate, we offer mobile loans up to ₹2,50,000. The exact amount depends on your income and eligibility criteria. We evaluate your monthly salary, existing financial commitments and credit history to determine your loan limit. A higher income and good credit scores typically qualify for larger loan amounts. The minimum loan amount starts from ₹10,000 to help with basic mobile phone purchases. You can check your eligible loan amount through our app before applying.

Yes, you can get a mobile loan from lendingplate even without a credit history. We look at alternative data points like your salary, bank statements and employment stability. Regular income and steady employment may strengthen your application. Your bank account transactions help us understand your financial behaviour.

The repayment tenure for mobile loans at lendingplate ranges from 3 to 15 months. You can choose your preferred tenure based on your monthly budget and comfort level. Shorter tenures mean higher EMIs but lower total interest costs. Longer tenures reduce your monthly EMI burden but increase the overall interest payment. You can use our EMI calculator to compare different tenure options before applying.

Yes, you can get a mobile loan for refurbished smartphones. The phone must come with a valid warranty and an official bill. The loan amount covers the complete cost of the refurbished device – including taxes. The EMI options remain the same as new phone purchases. We recommend checking the phone's condition and warranty terms before finalising the purchase.

The mobile loan processing at lendingplate takes just 30 minutes from application to disbursement. Our digital verification system checks your documents instantly after submission. The income proof verification happens automatically through bank statement analysis.

Zero-cost EMI loans at lendingplate include some processing charges despite no direct interest cost. The processing fee ranges from 1% to 5% of the loan amount. The zero-interest benefit comes through special tie-ups with phone manufacturers and sellers. You still need to pay the actual phone price divided into equal monthly instalments.

Missing an EMI affects your credit score and adds late payment charges. The penalty fee is ₹500 for each missed payment – including GST. You should contact our support team immediately if you expect payment delays. We can explore alternative payment dates matching your salary credit.

Yes, you can prepay your mobile loan after paying the first EMI. The foreclosure charges are 5% of the remaining loan amount. This fee gets waived if you prepay after your first EMI payment. You need to inform us through the app before making the prepayment. The prepayment amount includes the remaining principal and applicable charges. We process prepayment requests within 24 hours of receiving the amount. The loan closure certificate reaches your registered email after a successful prepayment.

The EMI tenure for mobile phones ranges from 3 months to 15 months at lendingplate. The minimum tenure helps spread the cost over a comfortable period. The EMI amount decreases with longer tenure selection. We calculate EMIs based on your chosen tenure and loan amount.

You can buy phones from any authorised retailer or online store. We finance purchases from major e-commerce platforms and branded showrooms. The seller must provide GST bills and valid warranty cards.

Yes, you can buy any mobile phone on EMI through lendingplate's quick loan process. We finance phones across all price ranges from ₹10,000 to ₹2,50,000. You need basic income proof and KYC documents to apply. The approval depends on your monthly income and repayment capacity.

You can get a personal loan from lendingplate. Our EMI option makes expensive phones affordable through monthly payments.

Yes, lendingplate considers applications from customers with low CIBIL scores. We look beyond credit scores at your current income and bank balance. Regular salary and stable employment improve approval chances. You might get smaller loan amounts initially with low credit scores. We recommend checking your eligible amount through our app before applying.

EMI purchases make sense when you need a phone immediately without full payment. The monthly instalments fit better into regular budget planning. You can buy higher-priced phones without depleting your savings.

We offer instant mobile loans with 30-minute disbursement. The complete process happens digitally through our app. You need income proof and basic KYC documents for instant approval.

EMI stands for Equated Monthly Instalment in mobile loans. It includes part of the principal amount and processing charges. The EMI amount stays fixed throughout your chosen loan tenure. We calculate EMIs based on the loan amount and tenure selected.