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Introduction to Personal Loans in Patna

Patna, the capital city of Bihar state is situated on the southern bank of river Ganga. It is a city where history and modernity align with each other along with the Sacred River Ganga. Patna has also been the capital city of early Indian empires for more than a decade.

The city is a major agricultural hub and centre of trade. Its popular exports are grain, sugarcane, sesame etc. There are several sugar mills also in Patna. Get the financial support you need with an instant personal loan in Patna through lendingplate.

lendingplate offers instant personal loan online in Patna with instant approval in 24 hours. We offer multi-purpose loans which require minimum documentation and have easy eligibility criteria.

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 Patna

Personal loans are beneficial in times of emergency and fulfil your urgent needs. Other than that also personal loans have a lot of benefits. Let’s understand the benefits and features of instant personal loan in Patna: -

Quick Loan Approval

As personal loans are for urgent needs, hence they need to be given quick approvals. Hence, we assure to approve personal loans on a quick basis after the loan specialists have reviewed them.

Collateral Free Loan

We offer personal loans without asking for any security or collateral. Hence you can get instant loan in Patna without pledging any security.

Low Interest Loans

Compared to other lenders, we offer cheaper interest rates on personal loans. The personal loan interest rate in Patna on loans that we offer starts at 12%.

Flexible Repayment Tenure

At lendingplate you get flexibility in repayment terms. You can select the tenure of the loan from 3 months to 15 months at your convenience.

No Hidden Charges

We don't conceal any fees from our clients. Any fees that may apply are disclosed in advance.

Freelook Offer

We also provide a free look offer. This gives borrowers three days from the date of disbursement to repay the whole loan amount. There are no fees or charges levied for this.

Eligibility

Before you start the loan application process, do understand the eligibility criteria. This will help you in getting loans processed faster. Here are the eligibility criteria for instant personal loan in Patna: -

  • Credit Rating: A credit score of 750 is a must to apply for an instant loan in Patna.
  • Age Bracket: The maximum age limit is 58 years and the minimum age limit is 21 years.
  • Monthly Salary: You shall be earning a minimum monthly salary of ₹20,000.
  • Nationality: Only Indian residents can apply.
  • Occupation: Government employees as well as private company employees are eligible for personal loans.
  • Work Experience: At least you shall have a work experience of 1 year.
  • Salary Credit: Your bank account shall reflect salary credit every month.

Documents

A few documents are needed to apply for a personal loan in Patna. You shall be ready with the scanned copies of these documents before starting the loan application: -

  • Identity Proof: Any identity proof needs to be presented from an Aadhar Card, PAN card, Passport or Voter ID.
  • Residence Proof: Any one of the residence proof can be presented from a utility bill, rent agreement or home loan statement.
  • Income Proof: Income proof needs to be given with documents like Salary slips, bank statements, or tax returns.
  • Passport Size Photographs: You need to give passport-size photographs
  • Job Continuity Proof: Job continuity proof from your present employer is required.

 

How to Apply for a Personal Loan in Patna?

You can easily get an instant personal loan in Patna through lendingplate. Here is the application process to help you: -

Check the Eligibility

If you are not eligible for a loan then you can’t apply for it. Hence firstly you shall check whether you fulfil the loan eligibility criteria or not and then only go further.

Initiate Application

If you fulfil the loan eligibility criteria then you can initiate a loan application. You just need to sign up on the lendingplate website, fill up the form with your basic details and submit the application.

Provide Documents

We ask for minimal documentation to process the loan application. You need to submit the scanned copies of these documents online.

Verification

Our team of loan experts will verify and review your application. They have the final authority to approve your loan.

Loan Approval

Your loan application is accepted if all of your supporting documentation and application are authentic. Your loan will be approved then.

Fast Disbursement

Fast disbursal is required in personal loans as they are taken for urgent needs. Hence, we take care to give quick disbursement after the loan is approved.

Interest Rates and Charges on Personal Loans in Patna

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

At least you shall be earning ₹20,000 per month to apply for a personal loan in Patna.

A credit score of 750 is necessary to apply for a personal loan.

The loan process in Patna will take less than 24 hours.

If you miss the loan repayments then you will have to pay penalty charges. Your credit score will also be impacted negatively.

Tax benefit on personal loans occurs if it’s taken for specific purposes like education expenses, starting a business, home renovation etc.

NRIs don’t qualify for personal loans in Patna.

The maximum loan amount you can get in Patna is ₹2.50 lakhs.

To check your loan eligibility, you can use a personal loan eligibility calculator.

Personal Loan as per Budget

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Personal Loan as per Salary

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