Upwards Personal Loan

A salaried individual or a self-employed professional, or a business owner, it get easy with Upward Personal Loans. They will help you achieve your financial goals. Here’s how?

The hassle-free loan process, competitive interest rates, and extended loan terms make them unique lending partner to Buddy Loan. It is a preferred choice for borrowers looking for a reliable lending partner.

So why wait? Take advantage of the unbeatable interest rates as low as 9% p.a. and flexible loan terms ranging up to 60 months. Apply for an Upward Personal Loan today and get up to 5 lakh rupees.

Upwards Loan Details

Upwards offers people flexible funding to support the development of their lifestyles and enterprises. Listed beloware details on Upward personal loans that is essential:

Loan amount Rs. 20,000 to Rs. 5 Lakhs
Tenure 3 to 60 Months
Rate of Interest 24% p.a.

Upwards Personal Loan Interest Rates

Upwards offers personal loans with interest rates starting at 9% per year. The interest rates offered to applicants will depend on a variety of factors, such as their credit score, the loan amount, the length of the repayment period, and their monthly income.

Upwards Loan Interest Rate 24% p.a.

Upwards Personal Loan Fees & Charges

When applying for an Upwards personal loan, there are additional personal loan fees and charges applied in addition to the interest rate. The processing fee and foreclosure charges of Upwards Personal Loans are as follows:

Processing fee 4% of the loan amount + GST
Foreclosure charges 5% of the outstanding balance

Upwards Personal Loan EMI Calculator

It is crucial to calculate the EMI for a loan because it determines your capacity for payments. EMI refers to periodic payments made to settle an outstanding loan within a stipulated time frame. The principle sum, interest rate, and length of payback are all factors. Utilise the Buddy Loan Personal Loan EMI Calculator to determine your loan's EMI.

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 (%)

The following formula can be used to determine a Upwards loan's EMI:

E = P x R x (1+R)^N / [(1+R)^N-1]

E represents the monthly payment.

P stands for the principal sum.

R is the interest rate.

N is the loan term in months.

Upwards Personal Loan Eligibility Criteria

A person's ability to acquire a loan depends on their loan eligibility. The following are straightforward criteria for Upwards loan eligibility:

Age 21+ Years
Employment Salaried or Self-employed + Income proof details
Citizenship Indian
CIBIL Score 720

Documents Required for Upwards Personal Loan

The following list includes some of the documents required to apply for an Upwards credit loan. Keeping these documents handy would help you with the quick application process without any hassle.

  • Identity proof: PAN card/ Aadhaar card
  • Address proof:: Aadhaar card/ Voter ID/ Driving license
  • Proof of income:: Bank statement and salary slip
  • Photo ID:: A recent selfie

Comparison of Upwards Personal Loan vs. Other Lenders

Comparing personal loan service providers is typically a good idea. It enables borrowers to discover the best lender for their situation by providing them with a variety of options. It is critical to compare Upwards Credit Loans to those offered by other banks and NBFCs. We have listed the rates and processing fees for some of the personal loans offered by banks and NBFCs below:

Top NBFCs Interest Rates (p.a.)
Fibe 12% onwards
Paysense 16.8% onwards
HDB Financial services Up to 36%
Money View 15.96% onwards
RBL Bank 17.50% onwards

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Note: The above mentioned rates are subject to change with the finance market and differ marginally with the respect to the individual banks.

Features & Benefits of an Upwards Personal Loan

Upward loans have a number of key features and benefits, including:

Affordable EMI Options

EMI as low as Rs. 1500
for loan amount of Rs.

Instant Loan

Disbural of loan amount
in 48 hours

No Paperwork Required

Convenient, easy and
quick documentation

Collateral Free Loan

No collateral is required
to avil a loan

Huge Loan Amounts

Get loan amount ranging
from Rs.20,000 up to 5 lakhs.

Flexible Tenure

Repayment of loan up
to 60 months.

Upwards Personal Loan Types

The two different types of personal loans that Upwards provides can help anyone achieve both their personal and professional goals. Self-employed folks have access to both term loans and personal loans.

Upwards Personal Loan For Salaried

Upwards offers salaried people credit for any private use. These loans are available to borrowers for a variety of purposes, including debt consolidation, education, home repair, emergencies, medical expenses, wedding costs up to 2 lakhs disbursed in 24-48 hours, and more. These loans range in length from six to eighteen months.

Independent Contractors: Upward Term Loan

With this loan, Upwards offers financial services with customizable terms to independent freelancers. This is specifically intended to aid their progress and quicken corporate growth.

Steps to Apply For Upwards Personal Loans with Buddy Loan

Steps To Apply For a Personal Loan with Buddy Loan

  • Step 1: Visit buddyloan.com 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!

Loan Repayment for Upwards Personal Loan

The key repayment procedure entails the borrower returning the borrowed funds to the lender. Borrowers often pay off their debt in a set period of months through monthly installments.

The loan repayment timeline can be customized depending on the loan type. A borrower can repay a personal loan by making online payments through the company's website or loan application; further choices include EMI transfers and prepayments.

Regular and timely payments are critical since they improve credit scores and indicate a person's financial dependability.

Frequently Asked Questions

Upwards Personal Loan offers you an unsecured personal loan of up to Rs. 5 lakh, which you can use for unanticipated medical costs, debt relief, wedding costs, more schooling, the purchase of a new car, or even home improvements.

Yeah, Upwards Loan is 100% genuine and approves instant personal loans up to Rs. 5 lakh in minutes.

The interest rates on Upwards personal loans are as low as 24% p.a.

The maximum loan amount for Upwards personal loans is up to Rs. 5 lakhs, with loan tenure of up to 60 months.

To be eligible for Upward Personal loan, you should be 21 years of age with a minimum salary of Rs.20,000.

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