headercom

Did You Know?

We serve loans, the best way you can borrow

Great Place to Work

Introduction to Personal Loans in Tirupur

Tirupur is a renowned city in Tamil Nadu and is popularly known as the “Knitwear Capital of India”. The city is a textile hub of Tamil Nadu and has a huge contribution to Indian cotton knitwear exports. There are close to 10,000 manufacturing units which provides employment to many people.

Other than textiles, Tirupur also has cultural and natural attractions. The Avinashi Appar Temple and Thirumoorthy Hills are some of the popular tourist spots of the city. Staying in Tirupur the need for finance can arise. And at this time what you need is a personal loan.

lendingplate is the financial partner that you need to get a Personal loan Tirupur. You just need to initiate the online application and you will get funds on an instant basis.

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 Tirupur

You can experience the seamless borrowing experience with lendingplate’s Personal loan Tirupur. We offer loans that have a lot of benefits. Here are some of the primary features and benefits of the personal loan Tirupur:

Instant Online Application

On our digital platform, you can complete the entire loan process under 10 minutes. You just need to enter the basic details and upload the required documents, and you will get instant loan approval.

Flexible Loan Amount

We offer loans from ₹10,000 to ₹2.50 lakhs. Hence you can get loans from small amounts to larger amounts as per your needs.

No Collateral Required

You don’t have to pledge any assets to get a loan. We offer loans based on your income, credit score and repayment capacity and not property.

Fast Funding

Our loan process is quite fast. It won’t take more than 24 hours for funds to get credited to your bank account.

Affordable EMI

We don’t want to burden you with high loan EMI. Hence, we take care that your loan instalment is as much as you can afford.

Eligibility

There are certain eligibility criteria that you need to fulfil to get an urgent cash loan in Tirupur. These are based on certain factors like age, income, credit score etc. Here are the minimum eligibility requirements for the personal loan Tirupur: -

  • The loan applicant should be an Indian Citizen.
  • The minimum age is 21 years and the maximum age is 58 years.
  • The minimum credit score required is 750.
  • The minimum income requirement for a salaried person should be ₹20,000 per month and for a self-employed person should ₹2.40 lakhs per year.
  • There shall be regular credit of salary to a bank account.
  • A self-employed person needs to submit a GST registration.

Documents

In order to get a personal loan in Tirupur, you need to submit certain documents. Here is the list of the documents: -

  • Valid Photo ID Proof: - PAN Card, Passport, Aadhar Card or Driving License.
  • Valid Residence Proof: - Aadhar Card, Passport or Driving License.
  • Income Proof: - Bank Statement or Salary slips for the last 3 months.
  • Job Continuity Proof: - Letter of Appointment from Present Employer.
  • Photographs: - 2-3 Passport-size photographs.

 

How to Apply for a Personal Loan in Tirupur?

The application process to get an urgent cash loan in Tirupur is very simple. Here are the steps that you need to follow: -

  1. Check Loan Eligibility

    There are certain eligibility criteria for personal loan Tirupur. You need to verify if you fulfil these criteria or not. You can check this through the loan eligibility calculator available on lendingplate website.

  2. Initiate Application

    If you fulfil the eligibility criteria for a personal loan, then you can initiate the application online. Go to lendingplate website, fill up the details and submit the form.

  3. Upload Documents

    After initiating the online application for an urgent cash loan in Tirupur, the next thing you need to do is upload the documents on lendingplate website. Upload the documents required for the loan processing.

  4. Verification

    At lendingplate we have loan experts who will check all information given by you, and verify the documents.

  5. Loan Approval

    After verification of documents, if everything is okay then your loan will be approved.

  6. Loan Disbursement

    As soon as the loan is approved, the funds will be credited to your bank account.

Interest Rates and Charges on Personal Loans in Tirupur

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

The minimum income required to qualify for a personal loan is ₹2.40 lakhs per year for a self-employed individual and 20,000 per month for a salaried individual.

To get a personal loan in Tirupur a credit score of at least 750 is needed.

No more than twenty-four hours will be needed to complete the entire loan process.

You will be subject to penalties if you fail to make loan payments on time. As a result, you won't be able to obtain any more loans and your credit score will also suffer.

There are no specific tax benefits for personal loans. But if you take a personal loan for specific purposes like education expenses, home renovation, starting a business etc then you are eligible for tax benefits.

NRIs are not eligible for personal loans in Tirupur.

The maximum loan amount for personal loan Tirupur is ₹2.50 lakhs.

You can use the loan eligibility calculator available on lendingplate website to check if you are eligible for loan or not.

Personal Loan as per Budget

Select the loan details you want to know

Personal Loan as per Salary

Select the loan details you want to know

Instant Personal Loan For Various Purposes

Planning your perfect wedding shouldn't be limited by money worries. Book the perfect venue, hire top photographers and order those gorgeous outfits today. A marriage loan covers everything from venue bookings to catering services. Our marriage loans bring you flexible repayment options and fast approvals. Start planning your special celebrations with the support of instant financing.

Learn More

Want to explore new places, but your savings are falling short? A travel loan brings your dream holiday closer, letting you book flights and hotels right away. Pay in simple monthly instalments that match your salary. No need to touch your savings or miss those limited-time travel deals. Create wonderful memories now with our fast-track travel loans.

Learn More

Multiple debts causing stress? Say goodbye to financial stress as you work steadily to become debt-free with simplified money handling. Stop juggling multiple payments and high interest rates. Get one loan to clear all your debts with lower monthly payments. Track your progress easily as you move steadily toward becoming debt-free with simplified money management.

Learn More

Make your living space better without emptying your savings account. Fix that leaky roof or build the kitchen you've always wanted. Get competitive interest rates and flexible repayment options. Quick approvals mean you can start work fast. Smart interest rates and easy EMIs help you create better living spaces with peace of mind.

Learn More

Getting urgent medical care shouldn't depend on your bank balance. Medical emergency loans give you quick access to funds when health issues strike. We care about your health with instant medical loans. Get started with minimal paperwork and receive money in your account within hours. Easy repayment terms let you concentrate on recovery while managing your finances sensibly.

Learn More