How to Apply For a Lenditt Cash Loan? | Lenditt Cash Loan App Review in 2024

Today we will try to tell you all the information about Lenditt Cash Loan App. Lenditt Cash Loan Review. How can you get a loan from Lenditt Cash Loan Loan App? At what interest rate can you get this loan? For how long will you get a loan from Lenditt Cash Loan Loan App? We will give you all this information in today’s post, so you must read our post till the end.

Loan Amount	₹10000-₹1,00,000
Documents Required	पैन कार्ड – आधार कार्ड
Interest Rate	26% से 60%
Tenure Rate	6 से 12 महीने
Age Required	20

What is Lenditt Cash Loan Loan App?

Lenditt Cash Loan Loan App is a mobile application operated by the fintech company Chinmay Finlease Limited, a non-banking financial company (NBFC) approved by the Reserve Bank of India (RBI). The app claims that they provide you with a personal loan of up to ₹1 lakh. The process of getting a loan is said to be based on easy online application, quick approval and minimal documentation.

What are the benefits of the Lenditt Cash Loan Loan App?

Easy online application process: Lenditt Cash Loan claims that you can apply online in just a few minutes. Compared to traditional bank loans, where you may have to visit bank branches and go through complex processes, this may be more convenient.

Quick approval:

Lenditt Cash Loan also claims that they approve loan applications quickly. The loan approval process at traditional banks may take several days or weeks, while Lenditt Cash Loan promises fast approval.

Minimal documentation:

Lenditt Cash Loan only requires minimal documentation like Aadhaar card, PAN card, and proof of address. Traditional bank loans may require you to submit income proof, bank statements, and other documents.

No asset pledge required:

Lenditt Cash Loan is an unsecured loan, which means you do not need to pledge any property to secure the loan amount. Certain types of loans at traditional banks may require asset pledge.

What are the disadvantages of Lenditt Cash Loan Loan App?

High Interest Rates: Interest rates on Lenditt Cash Loan are not publicly mentioned, but typically interest rates on online personal loans range between 26% to 60% per annum. This can be significantly higher than the interest rates of loans from traditional banks.

Hidden Charges: Apart from the loan amount, there may be additional charges such as processing fees, transaction fees, and prepayment charges. It is important to keep these charges in mind as they can increase your total loan cost.

Risk Of Being Caught In A Trap: If you don’t pay your installments on time, you may fall into a debt trap. This can also hurt your credit score.

Low Transparency: Lenditt Cash Loan is a relatively new company. This means there may be limited information available about their track record or the quality of customer service.

Lenditt Cash Loan Loan App Loan Amount

So friends, now you have come to know how much loan you can get with the help of this Lenditt Cash Loan Loan App. Now let us know at what interest rate you are going to get the loan with the help of this Lenditt Cash Loan Loan App.

Lenditt Cash Loan Loan App Tenure Rate

You can get a loan from Lenditt Cash Loan Loan App for 3 to 4 months. You can get a loan for a maximum of 4 months. You can get a loan for a minimum of 3 months.

Lenditt Cash Loan Loan App Interest Rate

Lenditt Cash Loan Loan App charges you an interest rate of 26% to 60%. So now we know how much loan can be obtained from this Lenditt Cash Loan Loan App and how much interest we are going to have to pay on that loan.

Lenditt Cash Loan Loan App Example

For example, if you are given a credit line of ₹10,000 in this application, on which you will be charged a processing fee of 8% and the interest rate will be 18% per annum and if you take this loan for 3 months, then the amount you will have to return will be ₹10450 and the APR of the loan will be 27.54%.

Lenditt Cash Loan Loan App Eligibility Criteria

• You must be 21 years of age.
• You must have a stable source of income.
• You must be a citizen of India.
• You must be a salaried person.

How to take loan from Lenditt Cash Loan Loan App?

• Install Lenditt Cash Loan Loan App.
• Sign-up using your mobile number.
• After this, the loan amount will be transferred to your bank account.
• After this, you have to enter your basic details.
• After this, submit your KYC documents for the loan amount.

Today you learned how much loan can be availed from Lenditt Cash Loan Loan App? At what interest rate does Lenditt Cash Loan Loan App give loan? For how long can one get loan from Lenditt Cash Loan Loan App? How can one apply for loan from Lenditt Cash Loan Loan App? What documents are required for loan from Lenditt Cash Loan Loan App? Who can take loan from Lenditt Cash Loan Loan App? Today we learned all this about Lenditt Cash Loan Loan App.