Easy Loans


Getting a personal loan is quick and easy in 2025. With a digital loan aggregator like Buddy Loan, borrowers can now access easy personal loans with minimal paperwork. These platforms offer other features like quick disbursal and flexible EMIs.

Easy loans consist of various types of loans, including pre-approved personal loans, pre-qualified personal loans, instant personal loans, salary advances, etc., which can remove the time-consuming approval processes and instant disbursals that are beneficial for salaried individuals, freelancers, and even students.

Read on as this webpage walks you through how to apply for easy loans, compare lender options, understand charges, and determine your eligibility.


Easy loans offer a fast and convenient way to access funds with minimal documentation, flexible eligibility, and quick disbursal. Through platforms like Buddy Loan, borrowers can compare interest rates, check eligibility, and apply for personal loans online from trusted banks and NBFCs.

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Table of Contents:

Get Instant Loans with Easy Approval

Many digital loan marketplaces have instant loans available based on your requirements. Aggregators like Buddy Loan offer easy loans, making them one of the best and most feasible ways to get money in case of urgency. Buddy Loan's easy loans allow you to access funds in 3 minutes with digital KYC and minimal documentation.

Why Does This Matter?

In most cases, borrowers face rejection or delays because of the complicated bank procedures. Here, at Buddy Loan, availing a loan is now simplified. The loan journey connects borrowers directly with lenders, thus providing quick approval for personal loans that match your profile.

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Features of Easy Apply Loans

  • Loan amounts from ₹10,000 to ₹15 lakhs
  • Tenure from 12 months to 5 years
  • 100% online application process
  • Interest rates starting at 11.99%
  • Loan approval is at a maximum of 48 hours
  • Real-time loan tracking

Easy Personal Loan Interest Rate

Interest rates are one of the major factors to check for when choosing a loan. The interest rate and repayment tenure can affect your overall repayment amount in the long run, so they play a very important role when applying for a loan.

Most lenders on the Buddy Loan platform offer competitive rates based on your credit profile and income.

Key Interest Rate Details:

  • Starting from 11.99% per annum
  • It can vary based on the lender, borrower’s credit score, and loan tenure
  • Fixed and floating rate options are available.

Tip: A better credit score often leads to lower interest rates. Use the Buddy Loan app to check your credit score before applying. If you are someone with a low credit score, you can improve your credit score using simple steps.

Easy Loans Fee & Charges

Before taking any loan, it's essential to understand the costs involved; there will be additional charges, such as processing fees or penalties, which are a crucial aspect of any loan. Keeping yourself educated about these charges can help you navigate safely through the loan application process.

Buddy Loan provides complete transparency in such regard and ensures customers are fully aware of the charges.

Typical Charges Include:

  • Processing Fee: 1% to 3% of the loan amount
  • Late Payment Penalty: ₹500 to ₹1000 + GST
  • Prepayment/Foreclosure Charges: 2% to 4% (may vary by lender)
  • Stamp Duty & Documentation Fees: As per state laws

Note: The provided charges and rates are subject to change and may be dependent on the borrower's profile and the lender. It is advised to reach out through the official Buddy Loan website or the Buddy Loan application for further and more accurate information.

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Lenders Offering Easy Personal Loans

Buddy Loan is a loan aggregator, connecting some of the best loan providers in the Indian finance market to the applicants. Buddy Loan partners with trusted banks and NBFCs that offer quick and hassle-free personal loans.

Top Lenders with Easy Loans on Buddy Loan

Banks Interest Rate (p.a)
HDFC Bank 10.90% to 24.00%
Axis Bank 10.25% - 21.00%
ICICI Bank 10.85% onwards
IDFC Bank 10.49% onwards
SBI 11.00% - 15.00%
Banks Interest Rates (p.a)
Bajaj Finserv 11% – 36%
Adithya Birla Finance 13% – 28%
Tata Capital 10.99% – 24%
L&T Finance 12% – 24%
Fibe 18% – 30%

Easy Personal Loan Eligibility

Buddy Loan offers loans to a great variety of the public; however, there are certain aspects that every borrower must qualify for to get an easy personal loan.

The general eligibility criteria include:

  • Age: 21 to 58 years
  • Employment: Salaried or self-employed
  • Minimum Income: ₹15,000/month or more
  • Credit Score: 650+ is ideal, but lower scores can be accepted
  • Location: Urban and semi-urban coverage

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Documents Required for an Easy Personal Loan

Almost all of the lenders now use digital verification, which includes eKYC, to ensure a 100% paperless process. This makes the loan approval process faster and easier. In most cases, the following documents are required:

  • PAN Card
  • Aadhaar Card or Passport / Voter ID (for address proof)
  • Recent Salary Slips (last 3 months, for salaried employees)
  • Bank Statements (last 6 months for non-salaried/self-employed)
  • Passport-sized photograph (if a physical submission is needed)

Salaried and self-employed applicants may be required to submit income documents as per the lender’s discretion and request. However, in every case, a PAN card and a government-recognised address proof are necessary.

Personal Loan EMI Calculator

The loan amount is paid back as EMI, which stands for Equated Monthly Installments. This means the borrower doesn’t have to pay back the amount entirely, but can pay back equal amounts of divided payments every month.

₹
%
Monthly EMI ₹86
Principal Amount ₹1,000
Total Interest ₹32
Total Amount ₹1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

Calculating your EMI in advance helps you borrow smartly and manage your monthly budget. For ease, you can use the online personal loan EMI calculator to calculate your EMI. Here is a simple guide on how to calculate your EMI using Buddy Loan.

  1. Enter the loan amount, interest rate, and tenure
  2. Get an estimated instant monthly EMI
  3. Understand the total interest payable and the total repayment

You can click on the ‘more details’ option to get a detailed insight into your repayment schedule.

Note: The interest rate can vary depending on the loan repayment tenure.

Apply for Easy Personal Loans

Buddy Loan provides a simple procedure to apply for a personal loan through its website or mobile app. Here is a Step-by-Step online application process:

Step 1: Visit buddyloan.com or download & install the Buddy Loan app (Android or iOS).

Step 2: Open the Personal Loan Application Page. Provide your mobile number and enter the OTP received.

Step 3: Specify the amount you wish to borrow.

Step 4: Enter your personal email.

Step 5: Select ‘Personal Loan’

Step 6: Choose from Salaried, Self-Employed, or Student.

Step 7: Indicate if your salary is deposited in the bank or received in cash.

Step 8: Fill in details like company type, name, address, years in the current job, and designation.

Step 9: Input your Date of Birth, Gender, Highest Qualification, PAN Number, First Name, and Last Name.

Step 10: Specify residence type, years at the current address, and your address PIN code.

Step 11: Provide monthly income, select the preferred bank for the loan, and opt for a credit card if needed.

Step 12: Click the ‘Submit’ button to send your personal loan application.

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Types of Easy Approval Loans

Easy Approval Loans are quick-access credit options that require minimal documentation and offer fast disbursal, often within minutes to a few hours. Buddy Loan helps you compare easy online lending options from multiple loan types, all in one place.

Common Types of Easy Loans:

  • Instant Personal Loans: Disbursed within 24–48 hours
  • Consumer Durable Loans: These are the ‘buy now, pay later’ options, most available for gadgets and appliances
  • Aadhaar Card Loans: Paperless KYC-based lending
  • Gold Loans: Secured, lower interest, fast approval loans
  • Credit Line Apps: Borrow as needed with flexible limits
  • Pre-approved Loans: Based on existing relationships with partner banks or credit scores, the borrower is pre-approved for credit.

Frequently Asked Questions

The easiest loans to get are instant personal loans from NBFCs and pre-approved bank loans.

Online personal loans via platforms like Buddy Loan offer the easiest access with minimal paperwork.

You can use online platforms like Buddy Loan to compare offers and apply for the best easy-approval loans.

Most lenders consider an age of 21–58, a minimum of ₹15,000 income, and a CIBIL score of 650 or more as the general criteria for easy-approval loans.

To get easy loans online, you can use a trusted aggregator like Buddy Loan to get matched with instant approval lenders.

While applying for easy loans, documents like PAN, Aadhaar, bank statements, and salary slips are typically required.

To apply for an easy loan, log in to Buddy Loan, check your eligibility, and apply directly with digital documentation.

Personal loans, gold loans, consumer durable loans, credit line loans, and Aadhaar-based loans are commonly available with easy approval.

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