lendingplate
lendingplate Personal Loan
A short-tenure NBFC loan of ₹10,000–₹2.5 lakh over 3–15 months at 12–36% a year, with no foreclosure charge once the first EMI is due but no part-prepayment.
- 12% to 36% a year
- ₹10,000 to ₹2.5 lakh
Rates and charges
- Interest rate
- 12% to 36% a year
- Processing fee
- 1% to 5% of the loan amount + GST, deducted from the sanctioned amount (larger loans get lower fees)
- Foreclosure
- 5% if closed before the first EMI due date; nil on or after the first EMI due date
- Part-prepayment
- Not allowed under its published terms, though some of its pages say part payments are possible. Check the Key Fact Statement
What ₹1,00,000 for 12 months would cost
| At | EMI | Interest | Fee + GST | Total cost |
|---|---|---|---|---|
| Lowest rate (12%) | ₹8,885 | ₹6,619 | ₹5,900 | ₹12,519 |
| Highest rate (36%) | ₹10,046 | ₹20,555 | ₹5,900 | ₹26,455 |
Uses the highest published processing fee (5%) plus 18% GST. Try your own numbers in the EMI calculator.
Loan terms and eligibility
- Loan amount
- ₹10,000 to ₹2.5 lakh
- Tenure
- 3 months to 15 months
- Who can apply
- Salaried and Self-employed
- Minimum income
- ₹20,000 a month
- Age
- 21–58 years
- Disbursal (lender's claim)
- Loan in a few minutes
- Who lends
- lendingplate itself
- RBI digital lending apps directory
- Listed (as reported by the lender)
Apply with lendingplate
Apply nowVia our referral partner. We may earn a commission.CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion. The lender decides your rate, amount and approval.
Work out your EMI with lendingplate's rates
Prefilled with lendingplate's lowest published rate and its highest published processing fee (5%). Change any number to match your offer.
Your loan
- Monthly EMI
- ₹8,885
- Total interest
- ₹6,619
- Processing fee + 18% GST
- ₹5,900
- Total cost of the loan
- ₹12,519
- Effective annual cost
- 23.71%
- Money in hand
- ₹94,100
- You pay back in 1 yr
- ₹1,12,519
Total cost = interest + processing fee + GST. Effective annual cost is the yearly rate you really pay on the money in hand, the way lenders work out the APR in a Key Fact Statement.
Same loan, different tenures
| Tenure | EMI | Total interest | Total cost (incl. fee + GST) | Effective annual cost |
|---|---|---|---|---|
| 12 months (yours) | ₹8,885 | ₹6,619 | ₹12,519 | 23.71% |
| 24 months | ₹4,707 | ₹12,976 | ₹18,876 | 18.21% |
| 36 months | ₹3,321 | ₹19,572 | ₹25,472 | 16.28% |
| 48 months | ₹2,633 | ₹26,402 | ₹32,302 | 15.30% |
| 60 months | ₹2,224 | ₹33,467 | ₹39,367 | 14.71% |
A longer tenure lowers the EMI but raises the total interest. A fixed fee costs more per year on a short loan.
Not sure this lender is right for you? See offers matched to your profile
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Questions people ask
What interest rate does lendingplate Personal Loan charge?
lendingplate publishes 12% to 36% a year. The rate you're offered depends on your credit score, income and the lender's own checks, and is usually above the starting rate.
What is lendingplate's processing fee?
1% to 5% of the loan amount + GST, deducted from the sanctioned amount (larger loans get lower fees). GST at 18% is added to the fee.
Who actually gives the loan?
lendingplate lends from its own books; it is a non-bank lender (NBFC) regulated by the RBI.
Is lendingplate registered with RBI?
The lendingplate app is listed in RBI's directory of digital lending apps, as reported by Unifinz Capital India Ltd.. The directory shows what lenders report; RBI doesn't vouch for the app. lendingplate is regulated by RBI as an NBFC.
Can I close or prepay a lendingplate loan early?
Closing early: 5% if closed before the first EMI due date; nil on or after the first EMI due date. Part-prepayment: Not allowed under its published terms, though some of its pages say part payments are possible. Check the Key Fact Statement.
Who can apply for a lendingplate personal loan?
Salaried and self-employed applicants. Minimum income ₹20,000 a month. Age: 21–58 years. Approval is at the lender's discretion.
How much does a ₹1,00,000 loan from lendingplate cost?
Over 12 months at the lowest published rate, about ₹12,519 in interest and fees (a 5% processing fee plus GST); at the highest published rate, about ₹26,455. Your EMI depends on the rate you're offered.
Related guides
- True Cost of a Personal Loan: Fees and APRWhat a personal loan really costs: flat vs reducing rate, processing fee and GST, APR in the Key Fact Statement, foreclosure and penal charges.
- CIBIL Score: Check Free, Improve in 90 DaysCheck your CIBIL score free with one full report a year from each bureau, dispute errors yourself, and build a better score with a 90-day checklist.
- True cost of a ₹1 lakh loan at every lenderInterest, processing fee and GST, side by side
Last verified 18 Oct 2026 on lendingplate's official page. Rates and fees change; check the lender's terms before you apply.