
Mumbai is India’s financial and entertainment capital and is home to a lot of industries like textiles, IT, diamond polishing, finance, healthcare, etc. Many top companies in India have their headquarters in Mumbai. Being an economic hub, the city offers varied opportunities to youth.
But at the same time, Mumbai is also the very costly city. Surviving here with a nominal income is very difficult. Hence, to fulfil your financial needs, you can get a personal loan. lendingplate provides quick personal loan in Mumbai.
Whether you are planning for your child’s marriage or have a medical emergency, the personal loan will fulfil all your needs. You can go to the lendingplate website and apply for personal loan in Mumbai. The Loan amount can range from ₹10,000 to ₹2.50,000, with a repayment tenure ranging from 3 to 15 months.
Want to plan your payments with our personal loan EMI calculator monthly? Get clear numbers in seconds to make smarter borrowing decisions.
lendingplate offers you instant personal loan in Mumbai. It gives you the loan at the best interest rates and also assures fast approval. Here are some of the features and benefits of a quick personal loan in Mumbai
Whether you are planning for a wedding or a foreign vacation, we offer loans for multiple occasions, fulfilling your needs.
We don’t ask for any collateral or security for a quick personal loan in Mumbai. We offer collateral-free personal loans.
We value our customers, and hence, we offer the loans at the best interest rates in the market. This makes the loan affordable to you.
The entire loan process at lendingplate is online. You don’t have to visit the branch. This makes the loan process very convenient for customers.
If the applicant is eligible for a loan, then we give quick approval and disburse the amount in his bank account within 24 hours.
You pay the EMI based on your affordability. We won’t burden you with high repayment instalments.
Getting a loan depends on meeting basic conditions that show you can repay. We check these factors to approve your loan application quickly and without trouble.
We keep paperwork simple so you get your personal loan in Bangalore faster without delays. These documents help us verify your details and process your application right away.
When you apply for personal loan in Mumbai, you will need to check your eligibility for a personal loan. You can go to the lendingplate website and check your loan eligibility. You can also use a personal loan calculator for the same.
If you meet the eligibility criteria, then you can apply for a personal loan online. You will need to fill in the basic details asked in the online form and submit it.
After submission ofthe online application form, you need to upload the documents. Log on to the lendingplate website and upload the required documents like PAN card, Aadhar Card, etc
Your loan application will be reviewed by our team. After review, they will decide whether to approve your loan or not.
If you meet all the eligibility criteria, then your loan will be approved.
As soon as the loan is approved, your bank account will be credited with the loan amount within 24 hours.
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] |
Any Indian citizen who has a monthly income of ₹20,000 can apply for personal loan in Mumbai.
In order to apply for a personal loan in Mumbai, you need to have a minimum credit score of 750.
If you meet the requirements and all your documents are legit, then you will get loan approval in 24 hours. The loan amount too will be credited to your bank account within 24 hours.
In case you don’t pay the personal loan on time in Mumbai, then you will have to face penalty charges. This will negatively impact your credit score. You won’t be able to get loans from any banks or NBFCs.
There are certain scenarios under which you can claim tax benefits on a personal loan. This includes loans taken for home renovation, home construction, education expenses, starting a business, etc.
Lendingplate offers personal loans only to Indian citizens. NRIs are not eligible for personal loans in Mumbai.
The maximum personal loan amount one can get is ₹ 2.50 lakhs.
You can use the personal loan calculator to check the eligibility criteria before applying for a personal loan.
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