How Personal Loan Through Buddy Loan Helped

Buddy loan is India’s fastest-growing instant loan app built with the latest technology to fulfill all financial needs. It is one of the giant loan aggregators that will turn your dream into reality. You can use the Buddy Loan application to get an instant personal loan online for medical emergencies, travel to your dream vacation, make wedding plans, or grow your business. India’s best personal loan app offers instant loans starting from INR 10,000 to INR 15 lakhs with an interest rate of 11.9% per annum. Check the testimonial of Chandran below to know how Buddy Loan helped him pursuing his higher education.

Customer Testimonial



Chandran is one of Buddy Loan’s happy customers and shares his experience after using the app. Chandran is a working professional in Domlur. He started doing part-time jobs during the pandemic lockdown. Chandran needed funds for his higher education to complete degree in an Evening College. He came across the Buddy Loan app when scrolling through Instagram. He downloaded the app immediately and applied for the loan. To his surprise, he got the loan within 48 hours. He mentions that it has only a few steps to complete the KYC verification. He was delighted and stated that he had a great experience using Buddy Loan and rated it 09/10 for the outstanding support and help provided by our Buddy Loan’s support team.

Steps To Apply for a Personal Loan Through Buddy Loan

Are you planning to apply for a personal loan too? You need not worry; here are a few simple steps to apply for a personal loan through Buddy Loan.

1. Download the Buddy Loan app from the Google Play store, or you can also visit the official website to learn more about the features.
2. The next step is to fill out the application form with the required details. Also, fill in your desired loan amount, tenure period, and mobile number. 
3. After this, you will get the option to apply for a loan. There you have to fill out the eligibility form, including the following details:
   1. Email Address
   2. Employment Type
   3. Company type
   4. Your industry type
   5. Current Company Name
   6. Enter Company address
   7. Year of employment
   8. Monthly in-hand salary
   9. Mode of Salary
   10. PAN Card details
   11. Full Name (as per PAN card)
   12. Current Residence Pin code
   13. Mobile Number
4. In this step, you will get an option to select from multiple offers based on the above information. You will get a list of potential lenders depending on your profile, and you choose the lender from the list.
5. However, keep these points in mind when choosing a lender: Interest rates offered, loan amount, and loan tenure.
6. Complete the application process and submit it. After submitting, our representatives will contact you to cross-verify the details before sending them to the lender.
7. Lastly, you have to wait for your loan amount to be successfully disbursed into your bank account.

Benefits of Instant Personal Loan

1. You can get an instant personal loan without any collateral through Buddy Loan.
2. Flexible loan tenures start from 6 months to 60 months, and you can choose the term that’s convenient for you.
3. With Buddy Loan being the biggest loan aggregator, your loan getting approved is very high.
4. The interest rates at Buddy Loan are low, starting from just 11.99% per annum. You can quickly get a loan at lower interest rates if you have a good credit score.
5. The loan will get sanctioned within 48 hours of submission.
6. There are no prepayment or hidden charges included.
7. The information that you provide is held safe and confidential.
8. You have to submit only minimum documents like Aadhar Card, PAN Card, Passport, etc., for KYC verification and income proof like bank statements and salary slips.

Conclusion

Personal loans can be used for any purpose, be it 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, if you have a high credit score, you can quickly get personal loans at low-interest rates.