As the time changes, there is drastic growth in infrastructure, hospitals, banking, health, shopping, and entertainment sectors. As a result, there is a significant rise in inflation, due to which the living costs have also increased. With constant pressure to make ends meet, there is very little for savings. And when there are sudden financial needs such as medical emergencies, wedding expenses, travel costs, etc., you will require instant funds. In such situations, the right option is to select personal loans to cover those expenses smoothly. Moreover, personal loans are gaining popularity as you can get them instantly online within 24 to 48 hours, making them more easily accessible. As it is an unsecured loan, you don’t have to pledge any collateral to get this loan. Customer Testimonial of Harsh Parmar
Reasons To Take A Personal Loan?
Here are a few reasons why you can choose a personal loan when you are in need of instant funds.
- Since personal loans are an unsecured loan, you don’t have to submit any collateral to get your loan application approved.
- You can get a personal loan and use it for various financial requirements such as vacation plans, wedding expenses, medical emergencies, business expansion, etc.
- The repayment period is flexible, starting from 6 months to 60 months. And you can repay your loan through monthly EMIs and choose the period that suits your budget.
- Since, the KYC verification is done online, and the verification process is quick. As a result, your loan amount will be disbursed within 24 to 48 hours to your bank account .
- You have to submit only minimum documents such as Aadhar Card, PAN card, and bank statements for identity and income proof to get your loan approved instantly.
- You don’t have to visit the banks or lending institutions physically because the whole loan application process is done online. This digitalization makes the loan approval process quick and easier 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 Employees:
- Proof of Identity: Aadhar Card, PAN Card, Driving License, Passport
- Proof of Address: Electricity Bill, Water Bill, Passport
- Proof of Income: Salaried: Bank statement for the past six months
- Work experience: Employment Certificate for a minimum of 1-year experience
For Self-Employed:
- Proof of Identity: Aadhar Card, PAN Card, Driving License, Passport
- Proof of Address: Electricity Bill, Water Bill, Passport
- 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.
Therefore, if you are planning to get instant loans online, you can use Buddy Loan to apply for a personal loan at affordable interest rates. Now, you might be wondering what Buddy Loan is. 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 India’s fast-growing instant personal loan app built with the latest technology and features. It helps you in applying for a loan from top lenders to fulfill all your financial needs. It is one of the largest loan aggregators that help turn your dream into reality. You can download Buddy Loan 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.
Buddy Loan is the best personal loan app that offers instant unsecured loans starting from INR 10,000 to INR 15 lakhs with an interest rate starting from 11.9% per annum. It has flexible loan repayment tenure starting from 6 months to 5 years. Reasons why Buddy Loan is the best choice are; complete online process, trustworthy loan providers, low interest, transparency, flexible repayment, and user-friendly approach.
Customer Testimonial: Harsh Parmar
Harsh Parmar 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 further states that Buddy Loan helped him cover his short-term financial needs and was very satisfied with the experience. He has also recommended to his friends and family to use Buddy Loan whenever they need instant funds.
How To Apply For A Personal Loan Using Buddy Loan?
Steps to apply for an instant personal loan online using Buddy Loan.
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.
Conclusion
Personal loans are convenient as they can be used for any purpose such as medical emergencies, travel plans, wedding plans, business needs, etc. With quick and digital processes, personal loans are an easily accessible source of funds when you have a sudden emergency. Also, with Buddy Loan, you can get an instant loan online at affordable rates without any hassle. Moreover, you can also check your credit score using Buddy Score and get a full credit report to know your credibility. Therefore, 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
