Salaried applicants must have at least 2 years of employment with their present organization for salary purposes.The applicant must be aged between 18 to 60 years.The applicant must be an Indian citizen.Salaried, as well as self-employed persons can apply for the loan.Credit history building: Buddy Loan helps you build a strong credit history and score if you repay the loan on time and regularly.īuddy loan eligibility criteria for a personal loan are mentioned below in detail:.You can call the Buddy loan customer care number anytime to ask for anything related to Buddy Loan products. 24x7 customer care: Buddy Loan offers 24x7 customer care service.Collateral-free loans: Buddy personal loans are offered with minimum documentation based on the borrower’s credit history, and there is no need to pledge any security.Nil prepayment charges: The loan buddy app doesn’t levy any charges on the prepayment of the loan.Security & transparency: Buddy loan platform is completely safe and secure.The entire process is paperless, and you can repay the loan in EMIs online. Online personal loan review: Buddy loan follows an easy online application, approval, and disbursal process.Tip: Check Credit Score before applying for a loan Why Apply for Buddy Loan?īuddy loan offers the following benefits: Line setup fee: You will be required to pay a line setup fee of Rs.Processing fee: The processing fee for Buddy Loan is 2% of the sanctioned loan amount + GST = Rs.Competitive interest rate: Buddy loan interest rate starts from as low as 11.99% p.a.Flexible tenure: The repayment of the borrowed amount can be made in a tenure of 6 months to 5 years.Loan amount: You can choose the loan amount of your choice, starting from Rs.Your loan request gets approved within 48 hours of submitting the application. Instant sanction: Buddy loan is instant and hassle-free.Highest loan approval rate: The approval rate for buddy personal loan is 80%.Features of Buddy Loanįollowing are some attractive Buddy loan details and features: Here’s everything you should know about Buddy Loan. If you are looking for a personal loan to fulfil any financial requirements, opt for the Buddy Loan app.īuddy Loan is not just an instant personal loan app from where you can apply for an online personal loan in the most seamless manner, it is your one-stop solution that helps in searching and applying for your dream job, exploring numerous deals and offers from brands of all sectors, and earning and redeeming reward points for exciting products. During such circumstances, personal loans can come to your rescue. Catering to such financial emergencies becomes extremely difficult if you don’t have savings, and asking your friends or relatives for big financial support may not be a good idea. Financial crisis may come into your life unannounced anytime.
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