
Madurai is a vibrant city also popular as ‘Athens of the East’. The city has a rich history and tradition which is renowned for its magnificent temples, delicious cuisine and warm hospitality. There are a lot of industries in Madurai like granite, chemicals, automobiles and rubber manufacturing.
Additionally, there are farming operations that support the economy, such as dairy, poultry, mat weaving, and jasmine plantations. The majority of the population living here belongs to the medium-income group. They may need financial assistance in times of emergencies.
At this time instant personal loan in Madurai from lendingplate can help you. You can easily apply for this loan online. We offer instant personal loans at affordable interest rates.
Want to plan your payments with our personal loan EMI calculator monthly? Get clear numbers in seconds to make smarter borrowing decisions.
In today’s era time has become money. Online loan application has reduced a lot of time and increased comfort. In addition to these there are a lot of other benefits and features of personal loan in Madurai: -
Personal loans are unsecured loans. Hence there is no need to present security.
Personal loans need to be approved fast as it is required a lot during emergencies. lendingplate gives instant loan approval if the applicant meets eligibility criteria and the document verification is completed.
The interest rate offered on loans by lendingplate is low as compared to other lenders. Our personal loans start from a 12% rate of interest per annum.
We offer flexible repayment tenure so that you don’t face the burden of loans. You can select the repayment tenure between 3 months to 15 months at your convenience.
The personal loan we offer doesn’t carry any restrictions. It can be used for multiple purposes ranging from wedding expenses, and foreign trip to buying laptop and medical emergencies.
Our customers trust us for our transparency. We don’t hide any charges from our customers. There are no hidden charges in the loans we offer.
As personal loans are unsecured loans hence it doesn’t require any kind of collateral. Due to this, the eligibility criteria matter here most. Here are the main eligibility requirements for instant personal loan in Madurai-
We have minimum documentation to process the loan. The main documents required for a personal loan in Madurai are as under: -
The entire application for instant personal loan in Madurai is online. Here are the steps that one needs to follow to get a personal loan in Madurai: -
You can apply for a personal loan only if you meet certain standards set by credit policy. Hence before applying for a personal loan verify if you have met those standards or not. A personal loan eligibility calculator can be used for the same.
You can begin the online application after proving your loan eligibility. You must include your personal and professional information in the online application form. You must submit the form after completing the information.
Basic documentation must be submitted in order for the loan application to be processed. Keep the scanned copy of documents ready and upload it on the portal.
Loan specialists will have a review of your loan application. After verifying your application, they will give the final approval for a loan if everything sounds okay.
We provide prompt services. We disburse the funds and credit your bank account as soon as the loan is approved.
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] |
You shall be earning ₹20,000 per month to be eligible for a personal loan in Madurai.
A minimum credit score of 750 is needed for a personal loan application.
The entire loan application process will be completed within 24 hours.
Non-payment of loans will lead to penalty charges. It will also impact your credit score negatively.
In scenarios where a personal loan is taken for specific purposes like home renovation, education expenses, starting a business etc.
Only Indian residents are eligible for personal loans in Madurai.
At max, you can get a loan for ₹2.50 lakhs.
You can check your loan eligibility through the personal loan eligibility calculator.
Select the loan details you want to know
Select the loan details you want to know
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