If you need urgent funds for medical expenses, wedding costs, travel, home renovation, or debt consolidation, a LendingPlate personal loan of up to ₹2.5 lakh can be a quick solution.
LendingPlate is a digital NBFC platform that offers fast online personal loans with minimal paperwork and quick approval. Through 24hrLoan, you can check eligibility and apply online easily.
What is a LendingPlate Personal Loan?
LendingPlate is a digital lending platform that provides:
- Unsecured personal loans
- 100% online application
- Quick approval process
- Flexible repayment options
You can apply for a loan amount ranging from a small ticket size to ₹2.5 lakh, depending on your eligibility.
Features of LendingPlate Loan
| Loan Feature | Details |
| Maximum Loan Amount | Up to ₹2,50,000 |
| Loan Type | Unsecured Personal Loan |
| Application Mode | 100% Online |
| Approval Time | Within minutes |
| Disbursal Time | Same day or within 24 hours |
| Tenure | 3 to 15 months |
| Collateral | Not Required |
Benefits of LendingPlate Personal Loan
1. No Collateral Required
No assets needed for loan approval.
2. Quick Digital Approval
The entire process is online—no branch visits required.
3. Flexible EMI Options
Choose a repayment tenure that suits your monthly budget.
4. Minimal Documentation
Simple KYC and income documents required.
5. Fast Disbursal
Funds are credited directly to your bank account.
Also Read: Best Ways to Get a Personal Loan for Buying a Laptop
Eligibility Criteria for LendingPlate Loan
To apply for a LendingPlate personal loan, you generally need:
- Age: 21 or above
- Employment: Self-Employed
- Monthly Income: Minimum ₹20,000
- Work Experience: Minimum 6 months
- CIBIL Score: 700+ preferred
- Active bank account
Approval depends on income stability and repayment capacity.
Documents Required
You typically need the following documents:
- PAN Card
- Aadhaar Card
- Salary slips (last 1–3 months)
- Bank statements (last 3–6 months)
- Address proof
Most verification is completed digitally via Aadhaar OTP or video KYC.
Interest Rate & Charges
Interest rates depend on your credit profile and risk category.
- Interest Rate: 18% to 36% per annum
- Processing Fee: Up to 5% of the loan amount
- Late Payment Charges: As per lender policy
- Prepayment Charges: Applicable in some cases
₹2.5 Lakh Personal Loan EMI Example
Let’s understand EMI with an example:
If you take ₹2,50,000 at 20% interest for 24 months:
- Approx EMI: ₹12,700 – ₹13,000 per month
- Total repayment: Around ₹3,05,000 (approx.)
Shorter tenure:
- Higher EMI
- Lower total interest
Longer tenure:
- Lower EMI
- Higher total interest
Choose a tenure based on your monthly income comfort level.
How to Apply for LendingPlate Personal Loan Online
Follow these simple steps:
- Visit the 24hrLoan website.
- Select “Personal Loan”
- Enter loan amount up to ₹2.5 lakh.
- Fill in income and employment details.
- Upload required documents
- Complete digital KYC verification.
- Get instant approval and bank disbursal.
The entire process usually takes only a few hours.
Who Should Apply for a ₹2.5 Lakh Loan?
This loan is suitable for:
- Salaried employees in private companies
- Self-employed individuals are also eligible to apply.
- Individuals with urgent financial needs
- People looking for short to medium-term funding
- Borrowers want quick online approval.
Also Read: 5 Loan Apps Offering Up to 10 Lakhs Instant Personal Loan
Conclusion
The LendingPlate personal loan up to ₹2.5 lakh is a convenient option for individuals who need quick financial support without collateral. With a fully digital process, flexible tenure, and fast disbursal, it can help manage urgent expenses smoothly.
Through 24hrLoan, you can compare the best personal loan offers and apply confidently from the comfort of your home.