Loanbaba Personal Loan

With Loanbaba, you can get personal loans ranging from ₹1 Lakh to ₹15 Lakhs, disbursed in just 15 minutes. Say goodbye to tedious paperwork with a completely digital approach. Loanbaba provides reliable loan services facilitated by NBFCs that are authorised and regulated by the Reserve Bank of India (RBI).

Loanbaba Personal Loan Details

Experience instant solutions that cater to all your financial needs. Here are the highlights of my personal loan from Loanbaba.

Loan Amount ₹1 Lakh to ₹15 Lakhs
Interest Rate Starting from 10.50% p.a.
Loan Tenure 1 year to 7 years

Loanbaba Personal Loan Interest Rates

When considering a personal loan, it is essential to assess the interest rates offered by the lending bank or NBFC. The interest rate for these personal loans at Loanbaba starts from 10.50% p.a., which is lower than the interest on credit card loans.

Primary factors that help you get a personal loan at a lower interest rate in Loanbaba are your income, repayment capacity, credit score, loan amount requirement, preferred tenure, & other relevant aspects. Loanbaba provides competitive interest rates, customised to meet diverse financial needs.

Loanbaba Personal Loan Fees & Charges

Apart from the interest rates, it is essential to know the cost of borrowing when applying for personal loans through Loanbaba. To provide transparency and clarity, here is a table that outlines the processing fees and other associated charges for Loanbaba personal loans.

Processing Fee Up to 2% of the loan amount
Prepayment Charges Up to 5% of the outstanding principal
Pre-closure Charges May vary among different lenders, banks, or NBFCs.

Loanbaba Personal Loan Eligibility Criteria

Before you apply for a personal loan from Loanbaba, ensure that you meet these eligibility criteria:

Documents Required for Loanbaba Personal Loan

To avail of a personal loan, you have to submit the necessary documents. Here is a list of documents required for a personal loan from Loanbaba:

Documents For Salaried Individual:

Documents For Self-Employed:

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Calculate EMI For Loanbaba Personal Loan

Planning to apply for a Personal Loan through Loanbaba? Don't forget to assess your Equated Monthly Instalment (EMI) beforehand to ensure it aligns with your budget. To simplify this process, take advantage of Buddy Loans Personal Loan EMI Calculator.

With just a few inputs, such as the loan amount, interest rate, and loan tenure, you can swiftly calculate your monthly instalment. This user-friendly calculator provides accurate figures, empowering you to determine the exact amount you'll be paying each 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 (%)

Compare Loanbaba Personal Loans Over Other NBFCs

Before you apply for a Loanbaba personal loan, it is important to compare the interest rates with other NBFCs to take informed decisions.

NBFCs Interest Rates (p.a.)
Loanbaba 10.50%
Fullerton India 11.99%
Fibe 12%
Paysense 16.8%
HDB Financial services Upto 36%

Read More

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Note: The interest rates mentioned above are subject to change at the lenders' discretion.

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Features & Benefits of Loanbaba Personal Loan

Now experience the exclusive features and benefits of a Loanbaba Personal Loan:

Collateral-Free Loan

You can borrow loan without securing any asset.

Quick Disbursal

Get your Loan disbursed in 48 hours

Multi-purpose Loan

Utilize your personal loan for various needs.

Low Interest Rates

interest rates starting from 10.50% p.a.

Flexible Repayment

Choose your preferred tenure from 1 to 9 Years.

Online Application

You can apply for personal loan online.

Types of Loanbaba Personal Loans

Loanbaba offers multi-purpose personal loans to cater all your financial needs. Here is how you can use your personal loan from Loanbaba:

  • Debt Consolidation: You can utilize a personal loan to consolidate your debts, bringing together soft loans, credit card bills, and other existing loans into a single manageable loan.
  • Major Purchases: When you're considering big-ticket items like an iPhone, smartphone, laptop, or computer, a personal loan can provide you with the necessary funds to make these purchases.
  • Holiday or Travel Financing: If you're planning a well-deserved vacation, a business trip, or any other travel-related expenses, a personal loan for travel can offer you the financial support you need to cover the costs associated with your holiday or travel plans.
  • Home Renovation and Repairs: Whenever you need to cover home renovations or repairs, a personal loan can be a valuable resource for managing the expenses involved in improving your living space.
  • Wedding Expenses: When organizing events such as weddings or engagements, a personal loan can be a helpful tool for you to cover the various costs associated with these special occasions.
  • Medical Emergencies: In the event of unexpected medical or educational emergencies, a personal loan can provide you with the necessary funds to handle the urgent expenses that arise.
  • Education Funding: Funding your children’s higher education now gets easy with a personal loan at Loanbaba. Easy and ontime approval for personal loan makes it convenient for claiming your seat at the university of your choice.

How Do You Apply for Loanbaba Loans with Buddy Loan?

Steps To Apply For a Personal Loan with Buddy Loan

  • Step 1: Visit or Download & install the Buddy Loan app (Android or iOS).
  • Step 2: Open the Personal Loan Application Page. Provide the mobile number and enter the received OTP.
  • Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
  • Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
  • Step 5: Enter your work details (Including company name, years of service and Designation)
  • Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
  • Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.

Ready to take the next step? Apply for a Personal loan now!

Frequently Asked Questions on Loanbaba Personal Loans

Loanbaba provides loans through its RBI Registered NBFC - Amros Commercial Private Limited.

No, there are no hidden charges. All the fees and charges are mentioned to the customer upfront, and they are reflected in the loan agreement.

The processing fees are deducted upfront from the loan amount at the time of disbursal, following the practice of almost every lending institution.

Yes, late payment charges apply if the borrower misses the EMI payment after the due date. The specific charges will be mentioned in the loan agreement.

The borrower can prepay the loan at any time before the due date, and there are no prepayment charges for a small cash loan and instant personal loan.

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