As India’s biggest loan aggregator, Buddy Loan has provided the fastest instant loan and the latest features and technology. The UI makes it easier for you to experience the hassle-free loan availing journey. Make your dreams turn into reality with a buddy loan as they offer collateral-free loans from India’s most trustworthy lender on the platform. On it’s platform, you can connect with the right lenders to get quick loans ranging from Rs 10,000 to Rs 15 Lakhs at an interest rate beginning with 11.99% p.a. Check the customer testimonials below
Here are some valuable insights as Joshua Wilson shares his experience after using the Buddy Loan App. Joshua Wilson hails from Chennai, and he got acquainted with the app through upstanding online ratings and reviews. These reviews made him download the app inquisitively to know how it can help him get financial coverage in difficult situations. He explains the main reason to avail for a personal loan was a sudden monetary crunch. Joshua approves the app as a forward application that users can find pretty easy to fill in the details and upload their dedicated documents.
He recommends this trustworthy and reliable application to everyone as he states that the app did a great job in providing prompt response. He continues by saying that as soon as he uploaded the documents, it took only a few hours, to be more precise, only 2 hours for the money to be disbursed in his account. Lastly, Joshua rates a full 10 out of 10 as Buddy Loan has proved to be the most customer-friendly app compared to other finance apps.
Are you looking for sudden financial coverage? Then you have landed in the right place as these simple steps will help you get quick, instant personal loan.
Quick-Step 1 –
Foremost step is to download the Buddy loan app from the app store or google pay. It would help if you visited websites to compare and understand the features of personal loans.
Quick-Step 2 –
As now you have downloaded the application, you should move forward to provide the required information carefully. Filling in the desired loan amount, tenures, and phone number is also mandatory, as now you can get the option to apply for a loan.
Quick Step3 –
Moving to the next step, complete the eligibility form carefully. After filling out the loan, you will find an option to apply for the loan. The eligibility criteria are mentioned below;
- Email Address.
- Employment Type.
- Company type.
- Your industry type.
- Current Company Name.
- Enter Company address.
- Year of employment.
- Monthly in-hand salary.
- Mode of Salary.
- PAN Card details.
- Full Name (as per PAN card).
- Current Residence Pin code.
- Mobile Number.
Quick-Step 4 –
Now, you can select from multiple offers as the information will be provided with a detailed list of the potential lenders. As you continue to receive one or more offers, you can select the one best suited for you.
Don’t forget these points while choosing a lender –
- Offers of interest rate
- Loan Tenure.
- Loan amount
Quick Step5 –
The loan processing process begins as you submit your application. The website provides a facility where our representative members will constantly follow and check the application before forwarding it to the lender.
Quick-Step 6 –
Now patiently wait as the loan fund will get disbursed in no time.
The process is easy, and there are multiple benefits for you to avail of an instant personal loan via Buddy loan. Also, please read through what is the point you should remember before availing a personal loan.
Important points to know before availing of a personal loan.
The process gets even easier if you have provided your Identity proof (aadhar card, DL, passport, voter id) and address proof (aadhar card, Electricity Bill, Water Bill, Passport), ready for KYC verification correctly. Also you can follow the table for further assistance.
|–||Description of the recipient||Documents required|
|1||Nationality , Indian||Proof of identity – Adhar card , DL, Passport ,|
|2||Age (20 to 65)||Proof of address – Water bill, electricity bill , Adhar card.|
|3||Employed or Self employed||Proof of income –
● Bank statement from past 3 months.
● Salary Slips of 3 months
|4||Check Credit score more than 700||Income Tax returns of 3 years – Balance sheet , Profit & loss statements|
|5||If self employed business should have minimum turnover of 10n lakhs||Individuals should be associated with current business for a minimum 3 years.|
Having a credit score is significant to avail of the loan quicker; hence, it is mandatory to ensure you have a good credit score. The benefits that you can get if you have a good credit score are –
- You can get the trust of your lender.
- You are liable to avail of personal loans at lower interest rates.
- A low credit score will help you get quick loans with less or zero documentation.
If you are being charged ̧additional charges like processing fees, prepayment, etc., then it is essential to have better knowledge of the additional costs. However, this app is transparent as there are no prepayments or hidden charges asked.
Make sure you have analyzed and compared the other lenders’ interest rates, and then select the right one suitable for you.
Calculate your EMIs before availing of the loan. Paying your EMI shouldn’t exhaust your budget.
Benefits of Applying A Loan using the buddy loan app
The benefits of India’s best instant loan app are as follows;
- No collateral or pledges are required.
- Easy instant loan app requires zero paperwork.
- It provides 80% of the approval rate.
- The loan amount is sanctioned and disbursed in your bank account within a few hours.
At Buddy loan, you can meet all your financial needs or requirements as it is the right place for quick loan disbursal. You too apply for a loan with Buddy Loan and fulfill all your planned and unplanned expenses in one click!