Buddy Loan, a first-of-its-kind platform, built with the latest features and technology, lets you experience a hassle-free journey of getting a personal loan to meet your personal financing needs. By applying for a loan through Buddy Loan, you can now turn the odds in your favor and can fulfil your dreams of going on that dream vacation, having a dream wedding, pursuing that international academic course, getting a renovation done, or even buying your own dream bike or car.
With the highest loan approval rate in the industry, a solution to each of your financial nuance – be it a medical emergency or a personal loan requirement to turn your dreams into a reality - is now at your fingertip.
Completely online process, best interest rate, a pool of transparent and trustworthy loan providers, flexible repayment options, complete transparency, easy process, minimal documentation and customer-friendly approach are just some of the many reasons why Buddy Loan might just be the best platform to use to meet all your personal financing requirements. Helping people realize their dreams is our foremost priority. So, come and help your dreams to manifest in reality by applying for a loan from Buddy Loan.
Any Indian citizen - be it salaried, professional or self-employed - can apply for a personal loan.
Should have a valid Aadhaar card and PAN card
Should have valid income proofs (if salaried) and company and GST documents and details (if self-employed)
Should meet the minimum eligibility criteria of the lender. However, the criteria may differ from one lender to another.
Factors that lenders usually consider while granting or rejecting your loan application:
Lenders rely on the repayment analyzing your credit history. If you have poor credit history, your loans are approved at a higher interest rate.
Your income is an assurance for repayment. Lenders easily approve loans for salaried citizens. You could benefit a lower interest rate for your loans.
Most banks and NBFC's offer loan amount to people between 21 and 60 years of age. The younger you're the more will be the chances of getting the loan approvals easily.
If your employment is temporary the lenders are skeptical about approving your loans.
If you decide to avail a loan from the bank which has your account, then a good relationship with your lender could get you a loan from the same bank for a lower interest rate for the loan.
Lenders also rely on the reputation of the organization you work with to access your loan application for lower interest rates.
Your loans are rejected on the go if you have an outstanding loan pending in your credit history.
At Buddy Loan, an applicant can apply for a minimum loan amount that is Rs. 10,000 and the maximum loan amount is Rs. 15 Lakhs at lower interest rates starting from 11.99% p.a. The Applicant can repay the same over a flexible tenure ranging from 12 months to 5 years.
When you are in urgent need of cash, there are very few options available. Traditional banks take a long time to approve and process loan applications. But if you are looking for an instant loan with fast approval, user-friendly interface, and quick sanction, then Buddy Loan is the answer. Buddy Loan - One of the fastest-growing loan aggregators that connects the borrowers with the top lenders on its platform, well-known for the highest approval rate in the industry and quick processing.
Buddy Loan is the best app for personal loan. It is one of the fastest-growing loan aggregators that connects the borrowers with the top lenders on its platform, well-known for the highest approval rate in the industry and quick processing. If you are looking for an instant loan with fast approval, user-friendly interface, and quick sanction, then Buddy Loan is the answer.
If you are looking for a safe and secure instant personal loan app then Buddy Loan is the right place. Buddy Loan is one of the most trustworthy apps where the entire process is transparent. Buddy Loan has created a safety net for its customers by partnering with the country's safest lenders. Hence, the app is completely safe to use.
Though there are multiple banks and NBFCs that offer personal loans to meet all financial needs. But if you are looking for a quick and instant loan online, then Buddy Loan is the right place. You can get a quick access of personal loan up to Rs. 15 Lakhs through an easy digital process. You need to download the app, fill in the required details, submit the documents, choose the lender, and wait for a few minutes to get the approval. Once approved, your loan amount will be credited directly to your bank account within hours.
Applying for a personal loan online is easy and simple with Buddy Loan. If you are planning to take a loan, then follow the below steps
It's always suggested that you check the eligibility criteria and other factors before the final submission.
Though Buddy Loan sets a simple eligibility criteria and digital documentation process to avail a personal loan. However, the minimum salary required to get a quick loan is Rs. 18,000.
Buddy Loan is a user-friendly digital-only platform, accessible 24/7 through web and android app. Using the app, you can apply for a loan upto 15 lakhs instantly. The users can also avail exciting deals & offers, earn & redeem points at multiple levels.