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We serve loans, the best way you can borrow
At lendingplate, we keep our processing fees for personal loans between 1% to 5%. You pay this one-time fee when your loan gets approved. We calculate this amount based on your credit score and loan amount for fair pricing.
The processing fees for personal loans cover all administrative costs to review your application. This includes verifying your documents and credit history – which our team works on quickly.
We use secure systems to check your details with credit bureaus to determine your loan eligibility. Our fees also cover the technology that lets you apply online without visiting any branch. This helps us transfer funds to your account on the same day after approval. We keep these fees fair while offering you quick service with minimum paperwork.
Here are our personal loan charges and fees –
| Sr. No | Charges | Details |
| 1. | Processing Fees | 1% - 5% of loan amount |
| 2. | Conversion Fee | 1 - 5% of the amount |
| 3. | Interest Rate | 12% - 36% per annum |
| 4. | Foreclosure | 5% of the amount [Nil if prepaid on or after your first due date] |
| 5. | Mandate Return Fee | 500/- [inclusive of GST] |
We offer various loan types with clear processing fee structures to meet your money needs. Each loan type has specific fees based on the amount and purpose.
| Loan Type | Processing Fee |
| Education Loan | 1% - 5% of loan amount |
| Personal Loan | 1% - 5% of loan amount |
| Marriage Loan | 1% - 5% of loan amount |
| Personal Loan for Self-Employed | 1% - 5% of loan amount |
| Instant Loan for Students | 1% - 5% of loan amount |
| Personal Loan for Government Employees | 1% - 5% of loan amount |
| Personal Loan for Pensioners | 1% - 5% of loan amount |
| Personal Loan for Housewives | 1% - 5% of loan amount |
| Personal Loan for Doctors | 1% - 5% of loan amount |
| Personal Loan for Women | 1% - 5% of loan amount |
| Personal Loan for Salaried Employees | 1% - 5% of loan amount |
| Personal Loan for Chartered Accountants | 1% - 5% of loan amount |
| Personal Loan for Freelancers | 1% - 5% of loan amount |
| Mobile Loan | 1% - 5% of loan amount |
| Long-Term Loan | 1% - 5% of loan amount |
| Short-Term Loan | 1% - 5% of loan amount |
| Secured Loan | 1% - 5% of loan amount |
Know all costs upfront to avoid surprises later. We believe in total transparency about our processing fees for personal loans.
Interest Rate Our interest rates range from 12% to 36% per year based on your credit score and income details.
Processing Fees We charge between 1% to 5% as processing fees which is deducted from your total loan amount.
Prepayment Charges You pay 5% of the remaining amount as a prepayment fee if you close your loan before the first due date.
Late Payment Fees Pay on time to avoid extra charges on delayed payments – which affect your credit score and future borrowing.
A personal loan processing fee is a charge you pay to cover loan application costs. At lendingplate, we charge between 1% to 5% of your loan amount as processing fees. This one-time fee gets deducted from your approved loan amount before we send money to your account.
Yes, besides the processing fees, you should know about other charges. These include interest rates between 12% to 36% yearly, foreclosure charges of 5%, and mandate return fees of ₹500. We always show you all these costs clearly before you sign any loan agreement.
You may not get a personal loan without processing fees, but you can reduce the impact by maintaining a good credit score above 650. Comparing different loan offers helps. At lendingplate, we sometimes offer lower processing fees during special promotions. Taking a higher loan amount might get you better fee rates.
Most lenders charge processing fees, though rates differ widely. Some might advertise zero processing fees but add other hidden charges instead. At lendingplate, we maintain transparent fee structures without hidden costs. Always read all terms carefully before picking any loan offer.
No, the processing fees are not refundable if your application gets rejected. This fee covers our costs for verifying your documents and checking your credit history. At lendingplate, we only collect the fee after approval – which means you never pay for rejected applications.
You rarely find loans with no processing fees. Some lenders may offer zero-fee loans during special promotions. At lendingplate, we sometimes run limited-time offers with reduced fees. Remember that loans without fees might have higher interest rates or other charges to balance costs.
Look beyond just processing fees when comparing loans. Check interest rates which affect your total repayment amount most. Notice late payment penalties and foreclosure charges. At lendingplate, we encourage you to calculate the total cost – including all fees, before deciding.
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Unifinz Capital India Limited is a Non Banking Finance Company (NBFC) registered with the Reserve Bank of India (RBI). lendingplate is the brand name under which the company conducts its lending operations and specialises in meeting customer’s instant financial needs.
