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Introduction to Personal Loans in Chandigarh

Chandigarh, India's first planned city, is located in the northern part of the country. It is not only the Union Territory but also the capital of Haryana and Punjab.

Many people come to Chandigarh in search of jobs and business opportunities. Hence there is a high demand for instant personal loan in Chandigarh. To fulfil this demand, lendingplate offers personal loans at nominal rates in Chandigarh.

You can borrow as per your need. We offer instant loan in Chandigarh from ₹10,000 to ₹2.50 lakhs. You must apply for a loan online at the LendingPlate website. The loan application process will be finished in no more than 24 hours.

Personal Loan EMI Calculator

Want to plan your payments with our personal loan EMI calculator monthly? Get clear numbers in seconds to make smarter borrowing decisions.

Amount
25000
Duration
12 M
Interest Rate
36 %
Monthly EMI

₹2512

Total Interest ₹5144
Total Amount ₹30144

Features and Benefits of Personal Loans in Chandigarh

To fulfil your financial needs in Chandigarh, lendingplate is one of the most popular lending partners. With several advantages, we provide instant personal loan in Chandigarh. The following are the primary attributes and advantages of personal loans offered by Lendingplate:

Fast Application

The application procedure has been kept quite straightforward. All you have to do is visit our online portal, complete the requested information, and send in the necessary documents. Entire process will not take more than 10 minutes.

No Collateral Needed

For a loan, we don't ask you to pledge your property. Conversely, we offer you loans based on your income, ability to repay, and other variables.

Fast Funding

We are very fast in funding the loans. The moment the loan gets approved, we credit funds to your bank account.

Affordable Instalment

We understand our customers and hence we never overburden them with high EMI costs. Considering the affordability of the customer, the loan instalments are determined.

Flexible Laon Amount

Whether the need is for a small amount of loan or a big requirement we fulfil all. We offer instant cash loan in Chandigarh for amounts ranging from ₹10,000 to ₹2.50 lakhs.

No Hidden Charges

We believe a lot in transparency. Hence, we don’t hide any extra costs from our customers. All details about charges, interest and instalments are provided to the customer in advance.

Eligibility

Prior to applying for a personal loan, you must comprehend the requirements for qualifying. Because if you are not eligible for a loan then there is no need to apply for the same. In order to obtain instant personal loan in Chandigarh, you must fulfill the following minimal requirements: -

  • The applicant must be at least 21 years old and not older than 58.
  • Eligibility is limited to Indian citizens. NRIs are not eligible to apply.
  • For someone on a salary, the minimum monthly income is ₹20,000.
  • The minimum income requirement for a businessman is ₹2.40 lakhs per annum.
  • The bank shall reflect salary credits at regular intervals.
  • Business persons need to provide GST registration.
  • The minimum credit score of 750 is must.

Documents

At lendingplate, you don’t have to submit much paperwork. Only a few documents are needed, and they must be submitted online. The following paperwork is needed to process a quick loan in Chandigarh:

  • A Valid Photo Identity Proof
  • Valid Proof of Residence
  • Verifiable proof of income in any format
  • Salary slips for the previous three months
  • Proof of Job Continuity from current employer
  • Business Proof if self-employed

 

 

How to Apply for a Personal Loan in Chandigarh?

The application process for instant personal loan in Chandigarh is quite easy. Here are the steps that you need to follow: -

Verify Your Loan Eligibility

It’s necessary to check if you are eligible for instant loan in Chandigarh or not. The process of applying for a loan begins with this step. For the same, use the website's personal loan eligibility calculator.

Online Application

The next step is to start the online application process for an Instant personal loan in Chandigarh after you have confirmed that you meet the requirements. You must apply online for this by visiting the LendingPlate website.

Submission of Documents

There is no offline paperwork in lendingplate. You just have to submit certain necessary documents online through the website.

Verification

There is a team of loan experts who verify the loan application and take the final decision regarding loan approval.

Approval of Loan

After verification, if your loan application is legit then you will get approval for an instant cash loan in Chandigarh.

Quick Disbursement

We don’t want our customers to wait unnecessarily for funds. Hence, we provide fast disbursement as soon as the loan is approved.

Interest Rates and Charges on Personal Loans in Chandigarh

We at lendingplate maintain complete transparency with our interest rates as well as other charges mentioned below –

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]

lendingplate’s Personal Loan Available Across India

Frequently Asked Questions

In order to qualify for a personal loan, a person must earn at least ₹20,000 per month if they are salaried, and ₹2.40 lakh annually if they are self-employed.

One of the crucial factors taken into account when approving a loan is a credit score. For Chandigarh residents to be eligible for an immediate personal loan, their credit score must be at least 750.

In less than 24 hours, the entire loan process gets completed.

Non-payment of the loan will lead to penalty charges. It will also impact your credit score negatively.

When you opt personal loan for certain uses then tax benefits are applicable. This includes education expenses, renovation of the house, construction of a new house etc.

Only Indian citizens are eligible for instant loan in Chandigarh. If you are NRI then you can’t apply for a personal loan.

At the most, you can get a personal loan of ₹2.50 lakhs from lendingplate.

You can use the personal loan eligibility calculator on the Lendingplate website to determine if you are eligible for an instant personal loan in Chandigarh.

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