A personal loan is the best option to meet your cash needs when unexpected financial problems arise. With Buddy Loan App, you can get instant approval for a personal loan of up to Rs 15 lakh in just 3 minutes. A personal loan is an unsecured loan you can receive without collateral or security.
Buddy
Loan is a Personal Loan aggregator platform partnered with RBI-registered
NBFC lending partners. You can get a Personal Loan from ₹5000 to ₹15 Lakh
at an interest rate starting at 11.99% per annum with a tenure of 6 months to 5
years, and a hassle-free process with no paperwork. Apply online today!
Buddy Loan App
Review
|
App Name |
Buddy Loan – Personal Loan App |
|
Interest Rate |
Interest rate starting from 11.99% per annum |
|
Personal Loan Amount |
₹5000 to ₹15 lakhs |
|
Tenure |
6 months to 5 years |
|
Application Process |
100% Digital Process |
|
Buddy Loan app customer Care Number |
080-47097512 Email ID: info@buddyloan.com |
Why Choose the
Buddy Loan App?
Buddy
Loans makes it easy to provide pre-approved personal loans by connecting with
over 30 banks and NBFC/RBI-approved lenders, offering potentially competitive
interest rates starting at 11.99%.
With
over 3 crore downloads, its fully digital process ensures a quick and
convenient application with high approval rates and instant loan approval in
just 3 minutes.
You
can also check your credit
score in the app while applying for a loan.
Features of Buddy
Loan App
The
Buddy Loan app provides several amazing offers, which are mentioned below and
will help you understand this loan.
Instant
Approval: Get instant loan approval in 3 minutes by submitting a loan
application online through a 100% digital process with the Buddy Loan App.
Loan
Amount: You can get an instant personal loan from ₹5000 to ₹15 Lakh to meet
your financial needs through Buddy Loans. This gives you complete freedom to
use the money as per your needs.
Quick
Disbursal: After loan approval, you don’t have to wait endlessly to receive
your funds. The funds will be credited to your account within a few hours so
that you can meet your financial needs without any delay.
Collateral-Free
Loan: Unsecured funds keep you worry-free. Buddy Personal Loans are
unsecured; you can avail of this loan without worrying about providing any
collateral.
Affordable
interest rates: Buddy Loan provides you with the funds you need when you
need them, and that too at an affordable interest rate. Personal loan Interest
rates start from 11.99% p.a.
Safe
and Secure: Buddy Loans emphasises the safety and security of your data.
Buddy App says your information is transferred over a secure HTTPS connection
and uses advanced security measures to ensure your personal and financial
information remains safe and confidential throughout the loan process.
Buddy Loan App Eligibility
Criteria
Instant
loan approval depends entirely on the eligibility criteria. Eligibility
criteria differ for each lender; below are some necessary criteria.
- Age: You must be above 21 years of age.
- Nationality: You must be an Indian citizen.
- Source of Income: It is necessary to have a source
of monthly income so that you can pay the monthly EMIs on time.
- Credit History: Lenders check your credit report
to know your creditworthiness. If your score is 700+, you can apply for a loan.
A good credit score attracts higher loan amounts.
- Mobile Number Linked to Aadhaar: To do online KYC, you must have a
mobile number linked to your Aadhaar card, which you must keep with you while
applying for a loan.
Documents Required for
Buddy Personal Loan App
To apply
for a personal loan, a borrower needs some necessary documents, which are
listed below:
- Identity Proof: Any one of the documents – PAN Card, Ration Card, Aadhaar Card, Voter ID Card, Driving Licence
- Address Proof: Any one of the documents – Aadhaar Card, Passport, Voter ID Card.
- Income Proof: If you are applying for a higher loan amount, you must submit proof of regular income, such as a 6-month bank statement, salary slip, or income tax return.
How to apply for a personal
loan on the Buddy Loan App?
To
apply for a personal loan on the Buddy Loan app and get loan approval in 3
minutes, you need to follow a few simple steps, which are mentioned below.
Step
1: Download, Install, and Register
Download
and install the app. Open the app and register using your mobile number and
email ID to create an account.
Step
2: Fill out the application form:
After
creating the account, you fill out the “New Loan” application Form by entering
your PAN, Aadhaar number, employment status, residence proof, bank details,
etc.
Step
3: Complete the KYC process:
After
filling out the application form, you complete the KYC process with your
Aadhaar and take a selfie through the app.
Step
4: Choose the loan amount and tenure:
After
the KYC process is completed, you can choose the loan amount and select the
repayment tenure, then submit your application for approval.
Step
5: Approval and Disbursement:
After
submitting your application form, you get approval in 3 Minutes, and the loan
amount is disbursed to your bank account within a few hours.
FAQs Related to Buddy Loan App
What is the minimum CIBIL score for Buddy Loan?
CIBIL score plays the most important role in personal loan
approval. You are more likely to get loan approval if your credit score is
high. As per the Buddy Loan app, the minimum CIBIL score required for a
personal loan is 750 or above.
What is the salary requirement for Buddy Loan?
Buddy Personal Loan is an unsecured loan. Hence, lenders
require income proof, such as a salary slip and bank account details, to
confirm repayment. A minimum salary of Rs 15,000 is required for Buddy Loan to
provide an instant personal loan.
