Are you need a short-term loan but don’t want to deal with the hassle and long wait times of traditional lenders? Buddy Loans may be the perfect solution for you! With this type of loan, you can apply directly with a lender through our website, and you don’t have to worry about any credit checks or other formalities. Plus, interest rates on buddy loans are typically much lower than those on traditional loans, so you can get the money you need as quickly as possible. Give buddy loans a try today!
Buddy Personal Loan Highlights
| Interest Rates | starting from 11.99%. |
| Loan Amount | up to ₹15 lakh |
| Repayment Tenure | up to 60 months |
| Processing Fees | Up to 2% of the loan amount |
What is a Personal Loan?
A personal loan is a short-term loan that you borrow from a lender, such as online lenders. You use the money to cover expenses, like a car repair or a new phone. You usually have to pay back the loan within a few months.
There are two main types of personal loans: unsecured and secured. Unsecured loans don’t have any collateral, like your home or car. This type of loan is good if you don’t have much money saved up. Secured loans require you to put up something as collateral, like your home or car. This type of loan is good if you have more money saved up and you want to make sure you’ll be able to pay back the loan. You can get a personal loan from a bank, credit union, or online lender.
Buddy Personal Loan
Buddy loan is a web-based digital platform that offers personal loans in India at interest rates starting from 11.99%. You can take a personal loan of minimum Rs1,000 and a maximum of Rs 15 lakh from a buddy loan. To repay this loan, a buddy loan offers a tenure ranging from 6 months to 5 years. You can apply for a loan by downloading the Buddy Loan app on your smartphone.
Buddy Personal Loan Interest Rates
Buddy personal loan interest rates start from 11.99%. here are a few things to keep in mind when looking at Buddy personal loan interest rates. The main factor is your credit score. A lower score means a higher interest rate, so make sure you have a good credit score before taking out a loan. Another factor to consider is the amount of money you’re borrowing. If you can’t afford the entire amount, your interest rate may be lower, but you may have to pay back the whole loan sooner. And finally, be aware of the terms of your loan.
Buddy Personal Loan EMI Calculator
Buddy Personal Loan EMI Calculator: Use this calculator to find out your estimated monthly EMIs for a personal loan from Buddy. Enter the loan amount, the interest rate and the term of the loan in months. The calculator will then provide you with an EMI estimate for that particular loan.
Types of Buddy Personal Loan
If you need a Buddy Personal Loan, there are different types to choose from:
1. Personal Loan To Finance A Wedding
If you are in the process of planning your wedding and need extra money to cover costs, a personal loan may be the perfect solution for you. Buddy personal loan can be used to cover everything from wedding planning expenses to vendor payments.
2. Personal Loan To Get A Home Improvement
If you’re looking to improve your home but don’t have enough money to do it yourself, a personal loan might be the solution for you. With a Buddy personal loan, you can borrow the money you need from a lender and use it to pay for home improvement projects.
3. Personal Loan To Finance Your Travel/Vacation
If you’re planning on travelling this summer, and you don’t have a lot of money saved up, Buddy personal loan may be the perfect solution for you. Buddy personal loan can help cover the costs of your trip, including flights, hotels, and other related expenses. And since loans are often approved quickly, you can start planning your trip as soon as possible.
4. Overdraft Personal Loan
If you need a personal loan to cover an unexpected expense, consider an overdraft personal loan. This type of loan allows you to borrow up to your available credit limit. This means that you won’t have to worry about getting approved for a traditional personal loan, or having to qualify for one. You can also get an overdraft personal loan from a Buddy Loan.
5. Top Up Personal Loan
Looking for a quick and easy way to top up your personal loan? Look no further than Buddy loan top-up personal loan service! With Buddy loan quick and easy process, you can easily top up your current personal loan amount without any hassle. Plus, low-interest rates will make topping up your loan even more affordable.
6. Personal Loan For Consumer Durables
If you’re looking for a personal loan to purchase consumer electronics, appliances, or other durable goods, you may be interested in the loans offered by Buddy Loan. These loans are designed specifically for consumers who need to purchase large items that will last for a long time. They typically have low-interest rates and flexible terms that allow you to pay back the loan over a period of time that is most convenient for you.
Features of a Buddy Personal Loan
Buddy personal loans are a great way to get the money you need without having to go through a traditional lender. Buddy personal loans are perfect for small businesses and individuals who need quick access to cash. Here are some of the features that make buddy personal loans stand out:
- Quick Approval.
- Attractive interest rates start from 11.99%p.a.
- You can borrow up to Rs 15 lakh
- Maximum tenure up to 5 years
- Processing fees up to 2% of the loan amount.
- There is no need to worry about collateralizing your loan.
If you think a buddy personal loan could be the solution for funding your business or emergency needs, check out our selection of lenders and get started today!
Benefits of a Buddy Personal Loan
If you’re considering a buddy personal loan, there are plenty of benefits to consider. Here are five of the biggest:
- Speediness: Buddy personal loan is fast and easy to get approved, so you can start borrowing money right away without having to wait weeks or months for a decision.
- Nil prepayment charges: buddy loan doesn’t charge anyone for prepayment on a loan. You won’t even have to worry about the interest rates or any other charges because they are included in the total cost of the loan.
- Simplification: A buddy personal loan is a great way to simplify your financial life. You don’t need to go through the complication of applying for and getting a traditional personal loan.
- Security & transparency: It’s safe, instant and reliable. It has no hidden charges and your information is not shared with anyone.
- Flexibility: With a buddy personal loan, you have the flexibility to borrow whatever you need, when you need it. There’s no need to worry about how much money you have available or what your credit score is.
Buddy Personal Loan Eligibility Criteria
If you’re looking for a Buddy personal loan to help you meet your financial needs, there are a few eligibility criteria that you need to meet:
| Criteria | Salaried | Self Employed |
|---|---|---|
| Nationality | India | India |
| Age | 18 to 60 | 18 to 60 |
| Minimum Income | Rs. 15,000 per month (non-metro cities) Rs. 20,000 per month (metro cities) | Rs. 15,000 per month (non-metro cities) Rs. 20,000 per month (metro cities) |
| Employment Status | Minimum 2 years of employment | 2-3 years of experience in the profession/business. |
| Credit Score | at least 750 | at least 750 |
Buddy Personal Loan Required Documents
If you’re looking for a personal loan, you may need to provide some documentation. Here are the required documents for a buddy personal loan:
- Identity proof: Aadhaar Card, Pan Card, Passport, driving licence, voter id card.
- Proof of residence: Utility bills, Passport, driving licence.
- Income proof:
- For Salaried: Latest Salary Slip, Latest Form 16, Latest 3 months Bank Statement.
- For Self Employed: Latest 3 Months Bank Statement, Latest ITR, Audited Balance Sheet/ P&L Account & ITR for the latest 1 year.
Buddy Personal Loan Apply Online
If you are looking for a quick and easy way to apply for a loan, look no further than the Buddy Loan app! This app allows you to easily apply for loans from your phone and has a fast and easy process. Plus, the app is free to use! Here’s how to get started
- Open the Buddy Loan app on your mobile device.
- Tap on the “Appointments” tab at the top of the screen.
- Choose “Apply for a Loan.”
- Fill out the form with the required information, and tap “Next.”
- Review your loan application details and hit “Submit.”
- You will receive an email confirmation of your loan application status, and can also find more information about applying for loans on the Buddy Loan website.
Buddy Loan Customer Care
Buddy Loan provides customer care services such as 24/7 customer support and email response times. If you have any questions about your loan or your account, you can contact customer service anytime.
Conclusion
As the world of personal finance continues to become more complex, it is important to be armed with the right information in order to make informed decisions. This article provides an overview of buddy personal loan features and benefits as well as an interest rate that you can apply for. Armed with this information, you should now be in a better position to decide if a buddy personal loan is right for you.
Q. Can I use a buddy personal loan to cover emergency expenses?
Ans. Yes, you can use a buddy personal loan to cover emergency expenses. Just be sure to tell the lender about the emergency so that they can approve the loan faster.
Q. How much can I borrow with a buddy personal loan?
Ans. The maximum amount you can borrow is typical up to ₹15 lakh, but it may be lower depending on your relationship with the lender and your credit history.
