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Introduction to Personal Loans in Rajasthan

India's largest state, Rajasthan, is well-known for the Great Indian Thar Desert. It is renowned for its great history and majestic mansions. Rajasthan, which includes cities like Jaipur, Udaipur, Jodhpur, and Ajmer, offers a rich history and culture.

The economy of the state is mainly based on tourism, handicrafts, textiles and mining. But in addition to that, Agriculture is also generating a big income in rural parts of Rajasthan. To address your daily needs or fulfil financial goals, you may require a personal loan.

Lendingplate offers a Personal loan in Rajasthan at attractive interest rates. The loan comes with flexible repayment tenure and has no hidden charges. You can apply for a personal loan through our website.

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 Rajasthan

There are many advantages to personal loans from lendingplate, including low interest rates and speedy disbursements. Let's examine the primary attributes and advantages of online personal loan in Rajasthan: -

Quick Loan Approval

Personal loans are for urgent needs. Hence, we take care to approve it fast after the application and documents are verified.

Collateral Free Loan

No need to pledge any asset to get a personal loan from lendingplate. As we offer loans based on your credit score, income and other factors.

Low Interest

We offer personal loans at a low interest rate starting at 12% pa.

Flexibility in Repayment

We prioritise our borrowers’ comfort, and hence we offer repayment flexibility. The borrower can choose the repayment tenure from 3 months to 15 months as per their comfort.

No Hidden Charges

There are no hidden charges in our loans. All charges related to the loan are conveyed to the customer in advance.

Freelook Offer

We also have a free look offer. This gives customers an option to return the entire loan amount within 3 days if they are not satisfied with our service. They won’t be charged anything for this.

Eligibility

If you want a Personal loan in Rajasthan, then you must fulfil certain eligibility criteria. Here are the eligibility requirements for an online personal loan in Rajasthan: -

  • Applicants need to be Indian citizens.
  • The minimum age limit is 21 years, and the maximum age limit is 58 years.
  • A salaried loan applicant shall have minimum monthly earnings of ₹20,000, and a self-employed loan applicant shall have minimum yearly earnings of ₹2.40 lakhs.
  • Your bank account shall reflect regular salary credits.
  • A self-employed person needs to submit a GST registration.
  • The minimum credit score shall be 750.

Documents

We have a simple documentation process so that customers don’t face any problems. Scanned copies of documents need to be submitted online. Here are the documents required to process an instant loan in Rajasthan: -

  • Photo Identity Proof: Any photo identity proof needs to be given from a PAN Card, Passport, Aadhaar card, or Driving license.
  • Valid Address Proof: A valid address proof can be given from a utility bill, rental agreement or home loan statement.
  • Income Proof: For income proof, you can give documents like a salary slip, bank statement or Form 16.
  • Job Continuity Proof: You have to present a letter from your employer proving your job continuity.
  • Mandatory Documents: Apart from all the above documents, the applicant also has to submit a filled application form and a passport-sized coloured photograph.

 

How to Apply for a Personal Loan in Rajasthan?

If you are planning to apply for a personal loan in Rajasthan, then you need to know the application process. Here are the steps you need to follow: -

Loan Eligibility Assessment

Before applying for a personal loan, you should check if you are eligible for a loan Only you may apply for a personal loan if you qualify.

Begin Your Application

You can start the loan application process after your eligibility has been confirmed. For this, you can sign up on lendingplate website and fill out the personal and professional details. After filling in the details, submit the form.

Submit Documents

After the initiation of the online application, you need to submit documents to process the loan. You can submit the scanned copies of documents online.

Verification

We have a team of lending experts who will review your application. They take the final call for your loan approval.

Loan Approval

If your application is found to be okay and your credit score is good, then you will get loan approval.

Quick Disbursal

As soon as the loan is accepted, we offer quick loan disbursement. Within a few hours of the loan being approved, money will be credited to your bank account.

Interest Rates and Charges on Personal Loans in Rajasthan

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]

Frequently Asked Questions

You shall have monthly earnings of at least ₹20,000 if you are a salaried employee. And you shall be earning at least 2.40 lakhs a year if you are self-employed.

To be eligible for a personal loan in Rajasthan, you need to have a credit score of at least 750.

The loan processing will take some time, but not more than 24 hours.

If you don’t pay the personal loan as per the desired schedule, then you will be charged penalties. Your credit score will also be impacted negatively.

If you take out a personal loan for certain purposes, such as building a new house, renovating an existing one, or paying for school expenses, you may be eligible for tax benefits.

Only Indian citizens can apply for a personal loan in Rajasthan.

The maximum loan amount that you can borrow in Rajasthan from lendingplate is ₹2.50 lakhs.

You can use a personal loan eligibility calculator to check if you are eligible for a loan or not.

Personal Loan as per Budget

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Personal Loan as per Salary

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lendingplate’s Personal Loan Available Across India

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