
Telangana is a state established in 2014, which has combined ancient heritage with contemporary dynamics. The state has varied industries which includes high-tech nano technology, biotechnology, pharmaceuticals, traditional textiles, leather, minerals, etc. Telangana is also the leading exporter of IT Services in the country.
Some cities of Telangana, like Hyderabad, Warangal, Karimnagar etc, are becoming popular hubs for IT companies. The state has also gained popularity as an important tourist destination. Living in the state, if you need any financial support, you can easily get a Personal loan in Telangana from lendingplate.
lendingplate offers Online personal loan in Telangana with instant approval. All you need to do is submit your documents and basic information. The loan will be processed immediately if you meet the requirements.
Want to plan your payments with our personal loan EMI calculator monthly? Get clear numbers in seconds to make smarter borrowing decisions.
Personal loan in Telangana offered by Lendingplate has its own advantages. Here are the main advantages of this loan: -
You can finish the full loan process in ten minutes with the aid of our digital platform. All you have to do is submit some basic information and upload the documents. You will receive a timely decision regarding your loan request.
You don’t have to pledge security or assets to get a personal loan from lendingplate. Because we approve loans based on your payment budget, income, credit score and such other factors.
We provide Personal loan in Telangana from ₹10,000 to ₹2.50 lakhs. You are free to decide the loan amount as per your requirements.
There is also a free look offer given by us. This allows borrowers to return the entire loan amount within 3 days of disbursement if they are not okay with our services. They won’t have to pay any charges for this.
Since we value openness, we don't impose any unexpected costs. Every data point, including interest rates, EMIs, and processing fees, is made explicit up front.
The personal loan we offer can be used by borrowers for varied purposes like a kid’s education, medical emergency, foreign trip etc. There are no restrictions attached to this.
To be qualified for a personal loan in Telangana, you must fulfil a number of basic requirements. The following are the prerequisites for eligibility:
lendingplate have a minimum documentation requirement to process the instant loan in Telangana. Here is the list of documents needed: -
If you have decided to apply for a Personal loan in Telangana, then it's advisable to be aware of the application process. This helps you get a loan faster. Here are the steps that you need to follow to apply for an instant loan in Telangana: -
Without meeting the eligibility criteria, you can’t apply for a Personal loan in Telangana. Hence, firstly, you need to check if you qualify for a personal loan or not.
The online application is the next step after you have confirmed that you meet the qualifying requirements. By providing basic information on an online form, you can start the application process online.
Once the application is initiated, the next step is document submission. We don’t ask for many documents. But you need to provide the basic documents required for loan processing.
Your application for an Online personal loan in Telangana will go through the verification process. After reviewing your loan application, our team of lending specialists will determine whether or not to approve it.
If your loan application has a positive review by lending experts, then it will be approved on an instant basis.
Personal loans need fast disbursals. Hence, we take care to disburse the loan on a quick basis after it gets approval.
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] |
To apply for a personal loan in Telangana, you shall be earning a minimum of ₹20,000 per month.
No, you can apply for a personal loan without a credit score. A minimum credit score of 750 is a must to apply for an Online personal loan in Telangana.
It will take no more than 24 hours to complete your loan application.
Failure in repayment of a personal loan on time can lead to penalty charges. Also, it will affect your credit score.
On availing a personal loan for specific purposes, you can get tax benefits. These purposes are education expenses, home renovation, starting a business, etc.
NRIs are not eligible for personal loans in Telangana.
At max, you can get ₹2.50 lakhs of personal loan in Telangana.
One can make use of a personal loan eligibility calculator to check his/her loan eligibility.
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