IndiaLends – Instant Loan App is an online marketplace/aggregator for financial services such as personal loans, business loans, gold loans, and credit cards.
Customers can avail of a personal loan from IndiaLends ranging from Rs 10,000 to Rs 70 lakh depending on their needs and eligibility.
If you are considering taking a personal loan from Indialends – an instant loan app, read this IndiaLends Personal Loan review;
By MyLoanReview.IN – Explore, compare, and secure the best loan!.
Table of Contents
Indialends Personal Loan Overview
| App Name | India lends loan review |
|---|---|
| Loan Amount | ₹10,000 to ₹70 lakh |
| Rate of interest | 10.25% to 29.99% P.A. |
| Processing Fees | 1% to 6% of the loan amount |
| Loan tenure | 6 months to 60 months |
| Credit score | 750 & above |
IndiaLends App is a leading online financial platform that provides various financial services to its customers.
IndiaLends app offers personal loans anywhere from ₹10,000 to a maximum of ₹70 lakhs, interest rates start from 10.25% to 29.99% per annum (annual reducing rates), based on the borrower’s credit profile and lending partner’s policies.
IndiaLends has partnered with over 70 RBI-approved banks and NBFC companies and offers loans directly through them.
IndiaLends Personal Loan comes with a flexible repayment tenure of 6 months to 60 months, helping borrowers manage their financial situation better.
IndiaLends personal loan interest rate
| Interest rate | 10.25% to 29.99% (p.a) |
| Processing fee | 1.5% – 6% |
| Documentation fee | ₹ 400 |
IndiaLends personal loan interest rate starts from 10.25% onwards (annual reducing interest rate). The exact IndiaLends interest rate will depend on the customer’s credit profile, loan amount, repayment tenure, and lender.
Apart from the interest rate, personal loans offered by IndiaLands come with a processing fee (1.5% – 6%), a documentation fee of ₹ 400, and an amortization schedule fee of ₹ 150. In case of late or non-payment of EMIs, additional fees / penal charges are also applicable depending on the lender’s policy.
IndiaLends loan eligibility criteria
To be eligible for Indialends personal loan, you should meet the following criteria;
- Your age should be between 18 to 65 years.
- You must be a salaried or self-employed individual.
- Minimum monthly income is Rs 15,000 (non-metro cities)
- Minimum monthly income Rs 20,000 (metro cities).
- The minimum credit score should be 750 and above.
Documents for IndiaLends personal loan
To apply for an instant personal loan from IndiaLends and get quick approval, the following documents are required;
- Proof of Age & Identity: Aadhar Card, Voter ID
- Proof of Residency: Aadhar Card, Voter ID
- Valid PAN Card is mandatory
- Income Proof
- Bank Statement.
IndiaLends fake or real
IndiaLends is a reliable and trusted instant loan app that works as an online marketplace/aggregator and offers financial services through 70 plus RBI-approved banks and NBFC partners.
To date, IndiaLends has disbursed loans worth over ₹5,000 crores and is trusted by 1,70,00,000 members.
Over 50 lakh app downloads and a 3.9 rating from Google Play Store show that IndiaLends is a trusted lending platform.
IndiaLends RBI approved or not
IndiaLends is an online marketplace that has partnered with over 70 RBI-approved banks and NBFCs to offer online personal loans.
HDFC, ICICI, SBI, Kotak, IndusInd, Tata Capital, Bajaj Finserv, IDFC First, IIFL, Indiabulls, RBL Bank, DHFL, Aditya Birla Finance, American Express are the lending partners of IndiaLends registered with the Reserve Bank of India.
IndiaLends – a quick loan app is India’s largest personal loan provider that has helped over 150,000 customers. Pre-qualified personal loans all-in-one platform, 100% online processing, ₹5,000 crore+ loans disbursed as per available data.
is IndiaLends safe or not
Yes, the IndiaLends app is a safe and secure platform. IndiaLends ensures the security of user data by implementing the best technologies – 128-bit SSL security and ISO 27001:2022 certification. Additionally, IndiaLends works with multiple RBI-registered banks and NBFCs to help you find the best rates on personal loans.
IndiaLends personal loan review
IndiaLends review – Positive:
IndiaLends is India’s leading financial platform that provides a flexible personal loan from ₹10,000 to ₹70 lakhs with competitive interest rates starting at 10.25% per annum. Borrowers can choose repayment terms from 6 to 60 months, making it easier to manage their finances. partnerships with over 70 RBI-approved banks and NBFCs, ensure IndiaLends is a safe and secure platform.
IndiaLends review – Negative:
IndiaLends interest rates can be very high for borrowers with low CIBIL scores, up to 29.99% per annum. Processing fees can be as high as 6% of the loan amount. There may also be additional charges such as documentation fees. Eligibility criteria are strict, requiring a minimum credit score of 750. Some users have reported issues with IndiaLends customer service and delays. Additionally, late payment penalties can put additional financial pressure.
Indialends personal loan application process
The IndiaLends personal loan application process is simple and 100% online:
First, visit the IndiaLends website or download the app. Then, provide some basic information to check your eligibility for pre-qualified loan offers from over 70 RBI-approved lenders. Then, compare multiple loan offers tailored to your credit profile and choose the one that best suits you. After selecting the offer, complete the application through a 100% digital process. Wait for approval, the loan amount will be directly credited to your bank account.
Quick links;
Faqs
What is the IndiaLends CIBIL Score requirement?
India lends Loan app is a marketplace. The CIBIL score requirement for India lends loan varies by lender, but you need a minimum credit score of 720 to be eligible for India lends personal loan. Additionally, you must be between 18-65 years old and have a monthly income of ₹20,000 or more to apply for a India lends personal loan.
What is 70 lakh interest per month
A personal loan of ₹70 lakh at 10.25% interest per annum for 5 years, the EMI would be around ₹1,49,634 per month.
indialends.com is genuine or not
Yes, IndiaLends.com is a genuine and trusted platform. IndiaLends is an online financial marketplace that partners with over 70 RBI-approved banks and NBFCs to offer personal loans and other financial services. IndiaLends uses advanced security measures, such as 128-bit SSL encryption and ISO 27001:2022 certification, to protect user data, making it a reliable and safe platform for financial services.
indialends personal loan eligibility
To qualify for a personal loan from IndiaLends, you need to be between 18 and 65 years old, either salaried or self-employed, with a minimum monthly income of ₹20,000 in metro cities or ₹15,000 in non-metro cities, a credit score of at least 750, and all required documents.
india lends credit score
To avail of a personal loan from IndiaLends, you typically need a minimum credit score of 750.
is indialends legit
Yes, IndiaLends is a legitimate and trusted platform.
Summary – Indialends loan review
In conclusion, IndiaLends is a reliable and user-friendly platform for securing personal loans. With its strong partnerships with over 70 RBI-approved banks and NBFCs, competitive interest rates, and flexible repayment terms, IndiaLends provides valuable solutions for salaried and self-employed individuals.
Overall, if you’re looking for a trusted and efficient way to manage your financial needs, IndiaLends is a commendable choice.
Disclaimer: Please note that Indialends loan review is mainly sourced from the internet and structured based on our research experience, and is not financial advice or product endorsement.
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