Buddy Loan Personal Loan
Buddy Loan online allows you to get a loan up to Rs 15 lakhs if you meet the personal loan eligibility criterion. Within 15 minutes after submitting the application, you will receive a response.
A personal loan is a standard loan that Buddy Loan aggregators may provide. You don’t have to put up any collateral to get a personal loan. Applying for one is simple (you may do it online) and you can use the funds for nearly any purpose.
Leading banks and non-banking financial companies (NBFCs) provide loans at competitive interest rates.
Personal loan highlights:
Get it immediately, with an approval rate of 80%.
Take advantage of the opportunity to network with executives from other financial institutions (banks & NBFCs). There is less space for a personal loan!
Minimal & swift documentation:
With the correct collection of documentation, loan acceptance is easier and faster. The procedure necessitates a basic document set and may differ slightly from lender to lender based on your unique loan needs.
Quick Personal Loans does not require any security submitted for approval.
It collects information from lenders and borrowers to improve lending transparency.
Flexible repayment options:
Personal loans are simple to get and have open-ended repayment terms. Here you may select your loan repayment type and term. (Ranges from three months to five years)
High Approval Rates & Safety:
Increase your trustworthiness by applying for an online personal loan with a high acceptance rate. There are no unlawful or unapproved practices on the API platform. It is entirely risk-free.
Get Instant Assistance:
Our Buddy Loan support staff can help you with various EMIs, questions, and problems, transactions, loan terms, pre and post-payment, and acknowledgment.
Documents for personal loans and eligibility:
Proof of identity & address: You may submit your Aadhaar card and PAN card for quick personal loan approvals.
- Voter ID
- Driving Licence
On the other hand, are acceptable.
Proof of income: A three-month wage slip from your current employer or company can be used as proof of income for a personal loan. Please keep in mind that the list of papers may differ somewhat from one lender to the next.
Any salaried or self-employed person is eligible for a personal loan:
- The ideal age range is between 24 and 60.
- A basic income of 20,000 or more qualifies you for a personal loan online.
- You can acquire a personal loan for a minimum of Rs. 10,000 and a highest of Rs.1.5 Lakhs you are salaried or self-employed.
- Buddy Loan services are offered in India’s main cities and towns.
- Provide the last 3 months’ salary slips, which should support the current income criteria.
- Have a CIBIL score of between (700 – and 900).
- If you have a good credit history, you can get a loan approved faster and at a cheaper interest rate.
Calculate your EMI for a personal loan.
Now is the time to make a proactive decision to satisfy your financial needs. The better technique to choose your lender and the necessary loan amount for your loan application:
Personal loan amount based on your salary:
Your monthly payout – EMI = [P x R x (1+R) ^N]/ [(1+R) ^N-1]
For Rs.1,00,000/- borrowed for 1 year, with interest rate @13% per annum*, a user would pay:
- Processing fee (@ 2%) = Rs.2,000/- + GST = Rs.2,360/-
- (Line setup fee of Rs.499/- +GST = Rs.588/- to be paid before starting the credit line
- Interest = Rs.7,181/-
- EMI = Rs.8,932/-
- Total amount to be repaid after a year = Rs.1,10,129/-
- *Your interest rate is determined by your risk profile.
- The maximum Annual Interest Rate (APR) can go up to 36%
- (However, only a small percentage of our clients receive an interest rate greater than 30% every year.)
Q-1 Q-1 which situation can we apply for a personal loan?
- Any necessity or price may be met with a personal loan. It can assist you in managing a range of financial issues, including:
- Travel \wedding
- Employed by a multinational corporation, a public or private enterprise, or self-employed.
- Emergencies in medicine
- Renovating your home
- With the right education comes many more emergencies.
Q-2 How can I Calculate EMI for a Personal Loan?
- The application process for a personal loan with Buddy loan is straightforward.
Q-3 Does Buddy loan have any pre-payment charges to disburse a personal loan?
- No, there are no pre-payment penalties with a Buddy loan.
Q-4 What is the minimum loan salary required to avail of a personal loan?
- Buddy Loan Aggregator provides the simplest personal loan application process.
Q-5 Why should you choose a personal loan by buddy loan?
- Instant Loan
- There is very little documentation.
- Term lengths that are flexible
- There are no hidden fees.
- Fill out the online application form to get a personal loan.
Q-6 How to apply for a personal loan with Buddy loan?
- A personal loan may be obtained quickly with no collateral, minimum documentation, and a variety of financing alternatives. The procedure is simple, quick, and directed to ensure a smooth lending transaction.
Improve your loan’s reputation by taking out a personal loan with no defaults.
1: Go to https://www.buddyloan.com/ and download the Buddy Loan app from the Google Play Store. To verify and compare loan features online, go to our website.
2: Fill in all of your personal information as well as the projected loan amount.
3: Upload all of your supporting documents to the internet.
4: From the dashboard panel, select a lender.
5: Submit an application for a loan.
Disclaimer: We only provide information regarding applications, loans, NBFCs, jobs, and new programs after thoroughly reviewing their official websites. Buddy Loan App will provide you with the loan.