Buddy Loan Review by Kishore Mule:
With changing times, the cost of living has increased due to rise in inflation. As a result, there is a constant pressure to make ends meet leaving very little for savings. And if there are sudden financial emergencies like as medical expenses, you will want instant funds. In such situations, the best option is to take a personal loan to meet those expenses stress-free. Personal loans are gaining popularity as they are more convenient and easily accessible. Moreover, since it is an unsecured loan, you need not submit any collateral to get this loan.
You had gone through what our customers have to say with the Buddy Loan Review by Kishore Mule. Now, let’s go through the personal loan details to get an instant personal loan with ease.
Benefits of Taking a Personal Loan
Personal Loans come with a lot of advantages compared to secured loans. So, here are the benefits of taking a personal loan online using Buddy Loan.
| Benefits/ Features | Description |
| Multi-Purpose | You can use personal loans for various financial needs such as vacation plans, wedding expenses, medical emergencies, business expansion, etc. |
| Flexible Tenure | You can repay your loan amount through EMIs and choose the repayment period starting from 6 months to 60 months. Hence, the repayment period for the loan amount is very flexible making it easier to pay off your debts. |
| Instant disbursal | The KYC verification process is done online, and so the process is quick. As a result, your loan amount will be disbursed to your bank account within a few hours. |
| Zero collateral | As it is an unsecured loan, you need not submit any asset as security to get your loan application approved. |
| Minimum documentation | You have to submit minimum documents like Aadhar Card, PAN card, and bank statements to get your loan approved instantly. |
| Paperless process | With paperless process, you do not have to visit the banks physically making it more convenient to use |
Eligibility Criteria
| Sl.No. | Particulars | Description |
| 1 | Nationality | Indian |
| 2 | Age | 21 to 60 |
| 3 | Employment Status | Employed or Self-Employed |
| 4 | Minimum Income | INR 20,000 per month |
| 5 | Work Experience | Min 1 year completed |
| 6 | Credit Score | Above 750 |
Documents Required
For Salaried Employee:
| Sl. No. | Particulars | Documents required |
| 1 | Proof of Identity | Aadhar Card, PAN Card, Driving License, Passport |
| 2 | Proof of Address | Electricity Bill, Water Bill, Passport |
| 3 | Proof of Income | Salaried: Bank statement for the past six months |
| 4 | Work experience | Employment Certificate for a minimum of 1-year experience |
For Self-Employed:
| Sl. No. | Particulars | Documents required |
| 1 | Proof of Identity | Aadhar Card, PAN Card, Driving License, Passport |
| 2 | Proof of Address | Aadhar Card, Electricity Bill, Water Bill, Passport |
| 3 | Proof of Income | Bank statement for the past three months Salary Slips of three months Income Tax Returns for the last three years Balance Sheet and Profit & Loss Statements for the last three years audited by a CA. |
Hence, if you are also looking for personal loans online, you can use Buddy Loan to apply for an instant loan from top lenders at affordable interest rates. So, read this article further as it will give you a detailed guide on what Buddy Loan is, how you can get a personal loan using Buddy Loan, and the feedback from customers who used Buddy Loan.
What is Buddy Loan?
Buddy loan is an instant personal loan app available on Android or iOS that helps you experience a stress-free journey when you are applying for a loan to cover all your financial needs. It is considered as one of the largest loan aggregators which helps in turning your dream into reality. You can easily download this app from Google Play Store and use it to get an instant loan online for various requirements such as medical emergencies, travel to your dream vacation, making wedding plans, or growing your business.
Buddy Loan is one of the best personal loan application that helps in getting instant loans starting from INR 10,000 to INR 15 lakhs with an interest rate of 11.9% per annum. The tenure period is flexible for loan repayment which starts from 6 months to 5 years. So if you are looking for instant loans online, then Buddy Loan is the right platform for you. Few reasons why Buddy Loan is the best choice are; online process, trustworthy loan providers, low interest, transparency, flexible repayment, and user-friendly approach. Moreover, you can apply the loan and access the amount anytime, anywhere.
As you have gone through the Buddy Loan Review by Kishore Mule you can now experience Buddy Loan on web and app platforms.
Also Read: How Does Buddy Loan Serve As a One Stop Solution For All Your Needs
Customer Testimonial: Kishore Mule
Kishore Mule is one of Buddy Loan’s happy customers and shares his valuable experience after using the app. He states that he downloaded the app from the Google play store and found it very useful. And also stated he applied for the loan and got his loan amount quickly. He has also recommended to his friends and family to use Buddy Loan whenever they need instant funds.
Procedure To Apply For A Personal Loan Using Buddy Loan?
Steps To Apply For a Personal Loan with Buddy Loan
- Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
- Open the personal loan application page. Provide the mobile number and enter the received OTP.
- Specify the desired loan amount & personal email. Next, choose the Personal Loan option
- Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
- Enter your work details (Including company name, years of service and Designation)
- Enter your personal details (Including Full Name, PAN, address DOB & Gender)
- Provide your communication address, and income details and Click the ‘Submit’ button.
Conclusion
Personal loans are versatile as they can be used for various purposes, for medical emergencies, travel plans, wedding plans, business needs, etc making it the most convenient source of funds. Moreover, with Buddy Loan, you can get an instant personal loan online without any hassle. However, you must also check your credit score using Buddy Score and get a credit report to know your creditworthiness.
Download Personal Loan App
Get a loan instantly! Best Personal Loan App for your needs!!
Looking for an instant loan? Buddy Loan helps you get an instant loan from the best verified lenders. Download the Buddy Loan App from the Play Store or App Store and apply for a loan now!
Having any queries? Do reach us at info@buddyloan.com
