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Introduction to Personal Loans in Thrissur

Thrissur is renowned as the home of Poorams and the cultural centre of Kerala. With a population of about 18.54 lakh, it is situated in the centre of Kerala. Being influenced by various religions like Hinduism, Buddhism, Christianity, Jainism, etc, Thrissur has become a conglomerate religious entity.

The city is also a major economic hub in Kerala and is home to big companies of India. Many people come here for work purposes and hence sometimes struggle financially. At this time, a personal loan from Lendingplate is all you need.

One can opt for a Thrissur personal loan offered by lendingplate. For this, you can visit the lendingplate website and apply for an urgent cash loan in Thrissur online. If the loan is approved, then you will get instant funds credited to your bank account.

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 Thrissur

Lendingplate offers you Thrissur personal loan at the best interest rates. The loan process is quite fast and without much hassle. Here are some of the major features and benefits of a Thrissur personal loan:

Digital Process

The entire loan process at lendingplate is digital. From submission of application forms to loan approval, everything takes place online.

Competitive Interest rates

We value our customers and hence offer personal loans at the best possible interest rates. We don’t want our customers to be burdened with loan interest.

No Collateral Required

There is no need for any collateral to get a personal loan from lendingplate. We offer you loans based on your income, job and other factors. Hence, no need to pledge the property.

Multipurpose Loan

You can utilise the loan as per your needs. Froma wedding, a foreign trip, to home renovation, starting a business, you can use the loan for all your requirements.

Quick Access to Funds

Our loan process is very fast. As soon as the loan gets approved, the funds will be credited to your bank account.

Affordable EMI

We assure you that the loan EMI doesn’t overburden you. Hence, we keep your loan EMI as per your income and budget.

Eligibility

The eligibility for a Thrissur personal loan depends on various factors determined by the credit policy. Let’s have a look at the minimum requirements to get a personal loan: -

  • The age has to be between 21 to 58 years.
  • You should be an Indian Citizen. NRIs are not eligible.
  • The minimum Salary shall be ₹20,000 in the case of salaried employees.
  • Minimum Annual income shall be ₹2.40 lakhs for self-employed.
  • The bank statement shall reflect regular salary credit.
  • GST Registration is a must for the self-employed.
  • The minimum credit score requirement is 750.

Documents

There are certain documents that you will need to submit to get a personal loan. Here is a list of the documents: -

  • Valid Photo Identity Proof
  • Valid Address Proof
  • Valid Income Proof reflecting any form of income
  • Last 3 months’ salary Slips
  • Employment Certificate or Business Proof

 

 

How to Apply for a Personal Loan in Thrissur?

The loan application process at lendingplate is quite simple. Here is a step-by-step guide to help you apply for a Thrissur personal loan: -

  1. Check Loan Eligibility

    You can get a personal loan only if you fulfil certain minimum requirements. Hence, first check whether you qualify for a loan or not. You can use a personal eligibility calculator for the same.

  2. Initiate Online Application

    After you have checked that you are eligible for a loan then the next thing you need to do is initiate of application. Go to the lendingplate website and sign up. Fill in the details it asks you and submit the application.

  3. Document Submission

    Once you have initiated the application online, now is the time to submit documents. Upload the documents required for loan processing on the website.

  4. Verification

    We have a team of loan experts who will review your loan application. They will decide whether to approve the loan or not.

  5. Loan Approval

    If everything is okay, then you will get instant approval for an urgent cash loan in Thrissur.

  6. Quick Disbursement

    We offer quick disbursement of the loan. As soon as the loan is approved, the funds will be credited to your bank account within 24 hours.

Interest Rates and Charges on Personal Loans in Thrissur

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

A salaried person should have a minimum monthly income of ₹20,000, and a self-employed person should have a minimum annual income of ₹2.40 lakhs to get a personal loan in Thrissur.

The minimum credit score required is 750 to get a Thrissur personal loan.

It will not take more than 24 hours to approve your personal loan application.

Non-payment of timely instalments of personal loans will lead to penalty charges. Moreover, your credit score will also be affected. This will make it difficult for you to get any loans in future.

If you avail a personal loan for specific purposes like home renovation, education expenses, home construction, starting a business, etc, then you are eligible for tax benefits.

NRIs are not eligible for personal loans in Thrissur.

At lendingplate the maximum personal loan you can get is ₹2.50 lakhs.

You can use the personal loan eligibility calculator available on lendingplate website to find out whether you are eligible for a personal loan or not.

Personal Loan as per Budget

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Personal Loan as per Salary

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