A personal loan is one of the most favourable remedies during uncalled emergencies. Assess your expenses & income before the lender for a seamless loan journey with Buddy Loan. Use personal loans for health coverage, education, business expansion & travels, two-wheeler & four-wheeler purchases.
Avail an instant personal loan with low-interest rates starting at 11.99% pa through Buddy Loan. Despite the loan availability, there are the following concerns such as; What kind of lender to choose? How much loan amount can I avail? What are the affordable interest rates?
Eligibility criteria at Buddy Loan are simple and easy to meet, with minimal & paperless documentation. It is easier to make a better financial decision with the support of Buddy Loan.
Right lenders for an easy personal loan:
Reduce the personal loan rigidity on application & repayment. Easy reach & compare lenders for better interest rates on personal loans. Choosing a lender among the pool of lenders is challenging if you’re not aware right traits of a lender.
For any smooth Personal Loan application process, submitting the right set of documents is necessary for loan approval. Here the document set might differ from lender to lender marginally. The online loan process is more viable at the comfort of your home either with a personal loan app or website.
Quick approval in minutes – Personal loan
The time frame between the loan application & its disbursal is the Turnaround Time (TAT). Online approval for personal loan TATs is usually within a few hours or in less than 24 hours. It requires minimal documentation. So, choose a lender at the comfort of your home.
List the repayment options:
Lenders provide customized personal loans for any purpose, like home renovations. It is 100% digital and quick to process. Easier to avail flexible repayment option against the loan amount you borrow. A lender who allots a flexible loan journey while providing you with the opportunity to increase your credit score consistently.
Scale your income & expenses at the right time for immediate loan approval upon the online verification process. Save more on the monthly pay-out (EMIs). They help you skip defaults while repayment & serve better on time.
Along with the easy loan application process, you can track your loan journey up to disbursal with the Buddy Loan app. A good lender provides you with the breakdown of charges from prepayment to processing fees. They also include terms of services. Choose a lender from a trusted/reputed financial firm such as banks.
Traditionally, the documentation on a loan application can help you file tax services & benefits. Moving to online loan application, there is a demand for bare minimum documents to ensure ease of approvals. Lenders who require bare minimum documents for the online verification process are subject to immediate approvals.
Buddy Loan aggregates lenders to help loan applications streamline with contactless & paperless facilities. The personal loan app & website services can help you avail of quick loans up to Rs. 15 lakhs. Buddy Loan combines lender & you to align with the algorithm to process a personal loan request in real-time.
With flexible repayment options, you can schedule the repayments with your lender without any defaults. You can schedule repayment structure with transparency. A personal loan is available in just a few steps with minimum documentation.
Genuine lenders help you surpass the financial difficulty seamlessly, customizing personal loan repayment upon your income. Many lenders must require an Aadhaar card & PAN card for loan approvals. Yet the required document set could differ marginally.
Research the market rates:
Digitisation has lowered the costs of personal loans in the market by 10% during 2020. Lenders include NBFCs, banks & financial firms. The market segmented into two halves for different interest rates. Get to know all the breakdown figures of short term & long-term loan, contact your lender to collect the information.
The right loan amount:
Choose a lender who advises you on the required loan amount upon your financial need over the lender who just offers packages. Try to select a lender who offers you more loan repayment flexibility. Timely access to money is more beneficial. A personal loan is ideal to finance anything.
If you can draw the required amount of money at different times in the loan tenure, it can help you use the right amount.
Verify for any pre-payment or processing charges:
Many lenders charge a high processing fee and deliver less personal loan services. Check the right charges applicable at each stage of the personal loan application. Use a checklist to filter personal loan providers with low-interest rates.
Ensure you get the best deal on your loan.
Avail a quick personal loan & financial assistance on health, education, business development projects, term insurance and explore more at the Buddy Loan website or personal loan app. Download the app & add on the benefits at the Buddy Loan app from the comfort of your home.