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Introduction to Personal Loans in Trichy

Trichy or Tiruchirappalli is one of the most significant cities in Tamil Nadu. It has many industries, a wealth of educational institutions, and a strong cultural legacy. Some of the popular educational institutes in the city are IIM, NIT, Srirangam and Tamil Nadu Law School.

The economy of Trichy is bolstered by a number of well-known industries, including Golden Rock Railway Workshop, Ordnance Factory Tiruchirappalli, and BHEL. As the city is growing hence the financial needs of people have also increased. An instant personal loan in Trichy from lendingplate can help you to fulfil your needs.

We provide affordable personal loans at low interest rates. You can easily apply for a personal loan finance in Trichy online through our website. It won’t take more than 10 minutes to complete the application process.

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 Trichy

You can get hassle-free personal loan finance in Trichy with unique features from lendingplate. Let’s observe the main attributes and advantages of personal loans: -

Multi-Purpose Loan

You are free to borrow a personal loan for any purpose. You can plan your wedding, travel abroad or spend it on child education. There is no restriction on its usage.

No Collateral

Personal loans are unsecured loans. Hence, they don’t require any collateral.

Quick Approval

Urgent needs are the main reason why people go for personal loans. Hence, they need to be given quick approval. As soon as the application and supporting documentation are examined, we make sure to quickly authorise the loan.

Low Interest Loans

Our interest rates on personal loans are lower than those of other lenders. It starts at 12% per annum.

Flexibility

The borrower is able to select the loan's repayment period as he sees fit. The repayment period is between three and fifteen months.

No Hidden Charges

The loan has no additional fees associated with it. Customers are informed up front about all fees and interest rates.

Free Look Offer

We also give free look offers. This allows borrowers to return the entire loan amount within 3 days of disbursement. They are not supposed to pay any charges for it.

Eligibility

Understanding the eligibility criteria is crucial before you apply for an instant personal loan in Trichy. This will make the application process quite smoother. So, let’s have a look at the minimum eligibility criteria: -

  • Credit Rating: To process the loan application, we expect a credit score of at least 750.
  • Age Bracket: Applicant must be between the ages of 21 and 58 years.
  • Nationality: The applicant shall be an Indian citizen.
  • Occupation: Government employees as well as private employees working in top MNCs are eligible.
  • Work Experience: One year of work experience is a must.
  • Monthly Salary: We expect that your minimum monthly salary is at least ₹20,000.
  • Salary Credit: The salary credit will periodically appear in your bank account.

Documents

Certain documents are necessary to process the instant personal loan in Trichy. You should keep these documents ready before applying for a personal loan. Here is the list of necessary documents: -

  • Any one of the identity proofs needs to be produced from an Aadhar Card/ Voter ID card/Driving License / PAN card/ Passport.
  • Residence proof needs to be presented from a Utility Bill /Rent Agreement/ Passport/Aadhar Card.
  • Income proof needs to be produced. It can be any one of the last 3 months’ salary slips/ Last 6 months’ bank statements/ Form 16/IT Return.
  • Job continuity proof needs to be produced from your present employer.
  • Passport-size photos are required.

 

How to Apply for a Personal Loan in Trichy?

The loan process at lendingplate is not so complex. Applying for an instant personal loan in Trichy is simple and quick with our website. To help you with the application procedure, below is a comprehensive guide: -

Loan Eligibility Assessment

Before submitting an application for a personal loan, have your loan eligibility verified. You can only apply for personal loan finance in Trichy if you match the eligibility requirements. For the same, use the website's personal loan eligibility calculator.

Begin Your Application

When you have got your loan eligibility checked, then it’s time to begin with the loan application. You can sign up on lendingplate website and fill up the basic details.

Submission Of Documents

All you need to do to process your loan is submit a few simple papers. These documents must be supplied online in scanned copy form.

Verification

Your loan application will be examined, and the supporting documentation will be checked by lending specialists. These lending experts decide whether or not to approve the loan.

Loan Approval

If all your documents and loan applications are legit, then your loan application is approved.

Quick Disbursal

We believe in quick service. As soon as the loan is approved, we will transfer the funds to your bank account.

Interest Rates and Charges on Personal Loans in Trichy

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

To obtain an urgent personal loan in Trichy, you must earn at least ₹20,000 per month.

Without a credit score, you are unable to apply for a personal loan. To apply for a loan, your score must be at least 750.

In a maximum of 24 hours entire loan process gets completed.

If you fail to make loan EMI payments, then you will have to pay penalties. Even your credit score will be affected negatively.

There are no immediate tax benefits associated with personal loans. However, if you decide to use personal loans for specific goals, like starting a business, renovating your home, paying for education, etc., you have tax benefits.

Personal loans in Trichy are only for Indian residents.

You can avail a maximum loan of ₹2.50 lakhs from lendingplate in Trichy.

The personal loan eligibility calculator can be used to check the eligibility for a loan.

Personal Loan as per Budget

Select the loan details you want to know

Personal Loan as per Salary

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