With changing times, there is tremendous growth in infrastructure, hospitals, banking, health, shopping, and entertainment sectors. It has impacted a significant rise in inflation, due to which the cost of living has also increased. As a result, constant pressure to make ends meet leaves very little for savings. And when there are sudden financial requirements such as medical emergencies, wedding expenses, travel costs, etc., you might search for instant funds. In such situations, the best option is to choose personal loans to meet those expenses smoothly. Moreover, personal loans are gaining popularity these days as you can get them online within 24 to 48 hours, making them more convenient and easily accessible. Since it is an unsecured loan, you need not pledge any collateral to get this loan. Customer testimonial of Prashanth
Why Should You Take A Personal Loan?
Multi-Purpose: You can apply for a personal loan for multiple financial requirements such as vacation plans, wedding expenses, medical emergencies, business expansion, etc.
Flexible Tenure: You can repay your loan through monthly EMIs, and the repayment period is flexible, starting from 6 months to 60 months. You can choose the repayment period that suits your budget.
Instant disbursal: The KYC verification is done online, and the process is quick. As a result, your loan amount will be disbursed to your bank account within 24 to 48 hours.
Zero collateral: Since it is an unsecured loan, you need not submit any collateral as security to get your loan application approved.
Minimum documentation: You have to submit just minimum documents for identity proof and income proof, such as Aadhar Card, PAN card, and bank statements; you can get your loan approved instantly.
Paperless process: You do not have to visit the banks physically because the process is online. This digitalization makes the loan approval process quick and convenient to access.
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. |
So, if you are also looking for instant loans online, you can use Buddy Loan to apply for a personal loan from top lenders at affordable interest rates. Now, you might be wondering what Buddy Loan is. So, please read this article further as it will give you a detailed guide and how you can get a personal loan!
What is Buddy Loan?
Buddy loan is India’s fastest-growing instant loan app built with the latest technology and features. It helps you experience a stress-free journey when applying for a loan to fulfill all your financial requirements. It is one of the biggest loan aggregators to help turn your dream into reality. You can download the app from Google Play Store and use this app to get an instant personal loan online for various requirements such as medical emergencies, travel to your dream vacation, making wedding plans, or growing your business.
Being India’s best personal loan app that offers instant loans from INR 10,000 to INR 15 lakhs with an interest rate starting from 11.9% per annum. It has flexible tenure for loan repayment, starting from 6 months to 5 years. And if you are looking for immediate funds, then this might be the right platform for you. Some of the reasons why Buddy Loan is the best choice are; the complete online process, trustworthy loan providers, low interest, transparency, flexible repayment, and user-friendly approach. Moreover, you can apply for an unsecured personal loan and access the loan amount as per your wish anytime, anywhere.
Customer Testimonial: Prashanth
Prashanth is one of Buddy Loan’s happy customers and shares his valuable experience after using the app. He has been working in a BPO as a customer support executive for 5 years. He states that he found Buddy Loan app through an online advertisement. As he was looking for instant funds for his financial needs, he immediately downloaded the app and applied for a loan. To his surprise he found Buddy Loan user-friendly and required only minimum documents to upload. He also mentions that his loan application was quickly approved and got his loan within 5 to 6 days. And, specially mentioned that he was very satisfied with his experience and would always choose Buddy Loan whenever he requires emergency funds. He also stated that he would rate Buddy Loan as the best and most user-friendly app compared to its competitors.
How To Apply For A Personal Loan?
Are you also looking for a personal loan? Here are the steps to apply for an instant personal loan online.
1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
2: Open the personal loan application page. Provide the mobile number and enter the received OTP.
3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
5: Enter your work details (Including company name, years of service and Designation)
6: Enter your personal details (Including Full Name, PAN, address, DOB & Gender)
7: Provide your communication address, and income details and Click the ‘Submit’ button.
Also Read: How to Get a Personal Loan: A Complete Guide on Eligibility and Documents
Conclusion
Personal loans can be used for any purpose, for medical emergencies, travel plans, wedding plans, business needs, etc. With quick and digital processes, personal loans are the most convenient source of funds when you have a sudden emergency. Likewise, with Buddy Loan, you can get an instant loan online without any hassle. You can also check your credit score using Buddy Score and get a whole credit report to know your creditworthiness. Moreover, with a high credit score, you can easily get personal loans at low-interest rates.
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
