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Introduction to Personal Loans in Goa

The State of Goa is located in Western part of India. It is bordered to the west by the Arabian Sea, to the north by Maharashtra, and to the east and south by Karnataka. The state’s main industries are tourism, agriculture, fishing and mining.

One of India's most visited tourist locations, Goa is renowned for its beaches, temples, and churches. Fort Aguada and the Basilica of Bom Jesus, two well-known historic sites that highlight the state's rich legacy, are also located there.

lendingplate provides urgent personal loan in Goa to help you fulfil your dreams. You can use this loan for organizing a wedding, an exotic holiday, a medical emergency or to finance your business goals.

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 Goa

Get a hassle-free personal loan in Goa with extraordinary features from lendingplate. Let’s go through the main features and benefits of Goa personal loan: -

No Collateral

We approve loans based on various factors like income, credit score, repayment capacity etc. Hence, we don’t ask for any collateral.

Fast Approval

Personal loans are generally taken out for emergencies and urgent needs. Hence, they need to be approved fast. At lendingplate we take care to approve the loan as soon as they are reviewed by a team of loan experts.

Low Interest

We offer personal loans at low interest rates which start from 12% per annum.

Flexible Repayment Tenure

We allow customers to choose the loan tenure depending on their convenience. The loan tenure can be selected from 3 months to 15 months.

Multi-Purpose Usage

The instant loan in Goa that we offer can be used for any purpose like weddings, foreign travel, medical emergencies etc. We don’t put any restrictions on end usage.

No Hidden Charges

We are quite transparent and hence we don’t hide any charges from our customers. All charges related to personal loans are revealed to the customer.

Freelook Offer

We have a freelook offer for our customers. As per this offer, if the customer wants, he can return the loan amount within 3 days of disbursement. He won’t be charged any charges for it.

Eligibility

Before you apply for an urgent personal loan in Goa you need to understand the eligibility criteria. This will help you in getting faster loan approval. Here are the minimum prerequisites for getting goa personal loan: -

  • Credit Rating: The minimum credit score of applicants shall be 750.
  • Age Bracket: Age has to be between 21 years to 58 years.
  • Nationality: Only Indian residents can get personal loans in Goa.
  • Work Experience: A work experience of 1 year is a must.
  • Monthly Salary: The minimum monthly salary shall be ₹20,000.
  • Salary Credit: Your bank account shall reflect the salary credit at regular intervals.

Documents

We ask for minimal documents to process the personal loan. Here is the list of documents required for an instant loan in Goa: -

  • Identity Verification: You need to provide identity proof to prove your identity. This can be any one of the PAN card, Aadhar card, Passport or Voter ID.
  • Address Validation: You need to give your address proof. This can be a utility bill, rent agreement or home loan statement.
  • Income Confirmation: You need to give a document confirming your income. This can be salary slip, bank statement or tax returns.
  • Passport Size Photos: Passport-size photographs need to be provided.
  • Job Continuity Proof: Working professionals have to give job continuity proof from their present employer.

 

How to Apply for a Personal Loan in Goa?

At lendingplate the loan application process is quite simplified. To apply for a Goa personal loan, you must take the following actions:

Loan Eligibility Check

If you don't meet the qualifying requirements, your loan application will be denied. Therefore, make sure you meet the requirements before applying for an instant personal loan in Goa. For the same, you can utilize a personal loan eligibility calculator.

Begin Your Application

If you meet the necessary requirements then you can proceed with the application. Go to lendingplate website, fill up the personal and professional details and submit the online form.

Submission Of Documents

We have a minimum documentation process at lendingplate. All you need to do is upload scanned copies of your documents.

Verification

Our staff of loan experts will check your paperwork and application. Their decision will determine whether or not your loan is approved.

Quick Disbursal

We support prompt service. We transfer the funds to your bank account as soon as the loan is authorized.

Interest Rates and Charges on Personal Loans in Goa

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

You shall have a minimum salary of ₹20,000 per month to get an urgent personal loan in Goa.

Without a credit score, it’s not possible to get a personal loan. You shall have a minimum credit score of 750 to qualify for a personal loan.

Loan processing will be concluded within 24 hours of time.

You will be required to pay penalties if you fail to make any loan instalments. Additionally, your credit score will be impacted.

Personal loans don't offer any immediate tax advantages. However, you have tax advantages if you choose to use personal loans for particular objectives, such as launching a business, remodeling your house, paying for school, etc.

Only Indian residents can apply for personal loans in Goa.

You can get a personal loan of up to 2.50 lakhs.

You can use a personal loan eligibility calculator to assess if you qualify for the loan or not.

Personal Loan as per Budget

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Personal Loan as per Salary

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Instant Personal Loan For Various Purposes

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