Benefits:
Get Instant Access to Funds with Lendingplate Personal Loans
Instant Online Application
Collateral-Free Loan
Flexible Loan Amounts
X No Hidden Charges
Fast Access to Funds
Secure Process
Whom to sell?
Age: 21-60 Years
CIBIL Score Above 600
Monthly Income should be more than ₹20,000
Available only for salaried individuals
List of documents Required: KYC / Aadhar, Salary Bank Statements, Salary Slip and Residence Proof
Work Email required Mandatory for Verification
How it works?
1. Ensure all required permissions are granted to begin the Lendingplate personal loan application.
2. Complete the mobile verification process to proceed further.
3. Provide the pincode of your current residential address for address verification.
4. Accurately fill in personal details as per your Aadhaar and PAN card.
5. Complete the selfie verification process for identity confirmation.
6. Verify your work email address for employment authentication.
7. Submit your bank statements using account aggregators or manual upload.
8. Provide your official workplace ID as proof of employment.
9. Complete KYC verification via DigiLocker and upload your address proof..
10. Set up a secure 4-digit MPIN for accessing your account.
11. Review and accept the final loan offer provided based on the details submitted.
12. Update references as part of the application requirements.
13. Set up auto-repayment for the loan through your debit card or net banking to ensure timely payments.
14. Carefully review and sign the loan agreement to confirm your acceptance of the terms.
15. Once all conditions are met, the loan amount will be disbursed.
16. Note that Lendingplate reserves the right to reject applications if discrepancies are identified
Terms & Conditions
1. The Address Verification is required when you process your loan application in below manner:
1.1. If the applicant resides at an address other than the Aadhaar card address, valid proof must be submitted.
1.2. Acceptable proof includes:
Gas bill
- Rent agreement
Bank passbook
- Electricity bill
- Property ownership documents.
1.3. The pincode provided must correspond to the applicant's current residence address.
2. Bank statements uploaded must be genuine and bank statements must not be tampered with or modified.
3. Loan Agreement
3.1. The loan agreement must be fully read before signing.
3.2. Applicants with doubts or queries must contact Lendingplate for clarification.
4. Applicants must provide valid references. References can include family members, Friends and office Colleagues.
5. Loan Offer and Acceptance
5.1. The final loan offer will be based on the details submitted by the applicant
5.2. Applicants must review and accept the loan offer to proceed
5.3. The loan agreement must be signed to confirm acceptance of the terms.
6. Loan Disbursement
6.1. The loan amount will be disbursed only after all conditions are met.
6.2. Verification criteria must be successfully fulfilled before disbursement.
7. DPD (Days Past Due) Rules
7.1. Applicants must ensure timely repayment of EMIs.
7.2. Delayed EMIs may lead to overdue (DPD) entries.
7.3. Delayed payments may negatively impact the applicant's credit score.
8. Write-Off (WF) and Settlement Rules
8.1. Loans overdue beyond a certain period may be written off as per Lendingplate policies.
8.2. Settlements, if initiated, will be offered at Lendingplate's discretion.
8.3. Settled loans will be marked as "Settled" in credit reports.
8.4. Settled loans may impact future creditworthiness.
9. The loan amount, interest rate, and repayment tenure depend on the applicant's eligibility.
10. Failure to provide complete or accurate information may result in application rejection.
11. Lendingplate reserves the right to amend these terms and conditions at its sole discretion.