Personal Loan
What is a personal loan?
A personal loan is an unsecured credit, for which you don't need to provide collateral to receive the loan amount. You can easily apply for an online personal loan at LendingMoney.in.
Where can a personal loan be used?
Some of the likely purposes for which a personal loan can be used are Shopping, Home Renovation, Higher Education, Debt Consolidation, Tour Travel, Wedding, Medical emergency, etc.
What is the eligibility for a personal loan?
The following people are eligible to apply for an Instant Personal Loan at LendingMoney:
- Age – 21 to 60 years
- Job for at least 1 year
- Employees of private limited companies, employees from public sector undertakings, including central, state and local bodies
- Minimum salary of Rs. 15,000/ month
What is the EMI for 1 lakhs in personal loan?
LendingMoney offers personal loans at the lowest EMIs starting from Rs.1,982/- to Rs. 8,999/-.
Which bank has the lowest interest rate for personal loan?
LendingMoney provides personal loan offers through top multiple banks in India that offer Lowest Personal Loan Interest Rates. Loan approval is subjective to the applicant's documents.
How can I get a low interest personal loan?
Through LendingMoney, you can get personalised consultation on getting loans at the lowest rates.
How to apply for a personal loan?
- Visit https://lendingmoney.in
- Quick Registration
- Click on Digital Personal Loan.
- Register yourself as per bank register name and bank registered mobile number.
- If you have already registered then click on the login option.
- If you want to calculate loan EMI details then click on the loan calculator. Then, click on the "Apply Now" button.
What credit score is required for a personal loan?
LendingMoney facilitates you with personal loan offers if your Credit score is 650 or higher.
What CIBIL score is required for a personal loan?
Your CIBIL Score must be 650 or higher.
How long will it take for my Personal Loan to be processed?
Once your application is submitted along with your documents, it can take anywhere between 1-7 days for your personal loan to get approved and a couple of days after that for the disbursement.
Can my CIBIL Score affect my loan sanction?
As per CIBIL, credit score ranges from 300 to 900 and those with a score of at least 750 points get quicker loan approvals from LendingMoney.
Can I claim tax benefits on personal loans?
Yes, only if you use your personal loan amount for certain purposes like investing in a business, buying a residential property, investing in other assets, etc.
Can I apply for a personal loan online?
Through LendingMoney, you can easily apply for an online personal loan with no paperwork needed and minimal documents.
Can I take a personal loan to repay my education loan?
A personal loan can be taken to effectively pay back the educational loan or any sort of loan or debt.
How to get a personal loan with the lowest interest rates?
LendingMoney facilitates you with personal loan offers from several banks and financial institutions with the lowest interest rates.
What are 3 things banks consider when giving loans?
- CIBIL Score
- Income Proof & Stability
- Age of the loan applicant
Where would I get an unsecured personal loan for a small business easily?
Through LendingMoney, get a personal loan with a 100% Online Process.
Where can I get the best personal loans in India?
With LendingMoney's loan services, you can get a personal loan from multiple banks and NBFCs at a single platform quickly.
Which bank offers personal loans to the persons even with a very low salary?
Even if you have a salary as low as Rs.15,000/- per month, LendingMoney will provide you with instant personal loan offers.
Business Loan
What is a Business loan?
A business loan is an unsecured credit you can avail to meet your urgent business requirements. Business loans allow you to usher in funds for your enterprise to expand your business.
Where can a business loan be used?
A business loan can be used for expenses like business expansion, boost production, buying new machinery, etc.
What is the eligibility for a business loan?
The following people are eligible to apply for an Instant Business Loan at LendingMoney:
- Age – 21 to 65 years
- CIBIL score – 700 or more
- The candidate should own a business at least profitable for three successive financial years
- The business turnover must display an ascending trend
- Your balance sheet must be audited by a registered Chartered Accountant (CA).
What is the EMI for 1 lakhs in business loan?
EMIs (Equated Monthly Instalments) of Business Loan start from Rs.1,929/- to Rs.8,999/-.
Which bank has the lowest interest rate for Business Loans?
LendingMoney provides business loans through top banks in India that offer the lowest Business Loan Interest Rates.
How can I get a low-interest Business Loan?
Become a LendingMoney member and get personalised consultation on getting loans at the lowest rates.
How to Apply for a business loan?
- Visit LendingMoney.in
- Quick Registration
- Click on Digital Business Loan
- Register with your bank registered name and mobile number
- If you have already registered then click on the login option
- If you want to calculate Business loan EMI details then click on the loan calculator. Then, click on the "Apply Now" button.
What credit score is required for a Business Loan?
LendingMoney facilitates you with business loan offers if your Credit score is 700 or higher.
What CIBIL Score is required for a Business Loan?
The CIBIL score must be 700 or higher.
How long will it take for my Business Loan to be processed?
Once your application is submitted along with your documents, it can take anywhere between 1-7 days for your business loan to get approved and a couple of days after that for the disbursement.
Can my CIBIL Score affect my loan sanction?
As per CIBIL, credit score ranges from 300 to 900 and those with a score of at least 750 points, get quicker loan approvals from LendingMoney.
What are the documents required for Instant Business Loan?
Following documents are required for availing a business loan:
- Business Proof
- KYC documents of the company
- KYC documents of the business owners
- Photo Identity Proof (Aadhar card/ Driving license/ Voter ID/ Passport)
- Last six months company bank statements
- GST Certificate
- Last two years Income Tax Returns
- Last two years Balance sheet and Profit & Loss accounts
- A report with detailed information about how the candidate will utilise the business loan
Membership Card
What is LendingMoney Membership Card?
A Membership Card is the proof of an individual to be recognised as a member of LendingMoney.in. The card enables the individual to leverage LendingMoney's portal for loan purposes.
How can I buy a Membership Card?
Just after a quick registration, you can choose the convenient Membership Card and purchase it.
Which Membership Card should I buy?
LendingMoney.in offers two types of Membership Cards
Royal Membership Card for Personal Loans
Imperial Membership Card for Business Loans
What are the benefits of buying a Membership Card?
- Get Pre-Approved Loan Offers from Multiple Banks from one platform.
- Free Expert Consultancy for 1 Years.
- Up to 40% referral payout per membership card.