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Buddy Loan app Details, Interest rate, Loan Eligibility and Loan Amount

How to get loan from Buddy Loan app?

Buddy Loan App is not only an online loan giving mobile application but also a job placement platform. If you are not able to complete any work due to money, then you can start your work by taking a loan through this app. Through this app one can easily take loan from ₹ 10000 to ₹ 15 lakh with tenure of 6 months to 5 years.

As you must have come to know by now that in today’s article we are going to tell you about Buddy Loan App, how you can apply for loan, how to take loan from Buddy Loan App, how much loan can be availed. We are going to tell about all the information related to how much time is available for repayment of loan, apart from this, how much interest rate will be charged and this mobile application is safe or not. (Get Online Instant Loan without income proof)

What is Buddy Loan App?

Buddy App is one of the popular lending platform which provides loan through Aadhar Card and Pan Card. This platform provides loans especially to Salaried Person, Self Employees.

Apart from giving loans to its customers, this app also provides many other facilities like job placement, job search, extra offers, earning money and many more. It provides loan in a fast secure manner. This app has been launched by the company “BVALUE SERVICES PRIVATE LIMITED” on 22nd September 2020. And this It is a non-govt company which is a company registered by Reserve Bank of India (RBI) and NBFC (Non Banking Financial Company). The main branch of Buddy Loan is in Karnataka (Bengaluru).

Buddy Loan App

Buddy Loan App is an app which is made for Android user whose size is only 31 MB and it is present on Google Play Store and it has more than 50 lakh installs now and it has got rating 4.4. Apart from this, the Buddy Loan app has more than two lakh daily active users.

The Buddy app also gives its customers the chance to earn money with the Refer and Earn feature, as well as the important features to discover deals and offers from brands across all regions, and earn and redeem points for exciting products Is.

Apart from this the app also lets you apply for a personal loan online in the most seamless way.

How to apply for Buddy Loan Online?

With Buddy Loan App, you can apply from your mobile at home. The steps to apply for this loan are given below which are as follows.

Step 1. Install Buddy Loan App from Google Play Store.

Step 2. Select your loan amount and choose the loan repayment time.

Step 3. Sign up with your mobile number and submit the OTP.

Step 4. Fill your employment details as your Company name, Monthly Salary.

Step 5. Now enter your work experience.

Step 6. After this fill the bank details in which your salary comes.

Step 7. Now enter the PAN card number and submit your address details like Aadhar card.

Step 8. Enter your personal details like DOB, Married Status and click on Continue.

Step 9. After this select the EMI plan.

Step 10. After filling your all details submit that application form.

Note: If you are eligible for the loan, then you get a verification call from the company. Here you have to tell all the information correctly.

Step 11. To get the loan amount, you have to open Kotak 811 Saving Account.

Note: You open this account only after the loan is approved, when you get a call from the company otherwise do not open the account.

Wait for some time and this loan amount is transferred to the bank.

Keep in mind: While applying the loan, all the information like: Address proof, company details, bank details must be checked thoroughly because filling any wrong information can also result in loan rejection and Terms of Conditions before applying loan. Do read it.

Buddy Loan Eligibility

To take a loan from Buddy Loan app, you have to fulfill the eligibility mentioned below which is as follows.

1. You must be a citizen of India.
2. The Age Applicant’s should be more than 18 years.
3. You should be a self employed or employed in any job.
4. Your monthly income can more than ₹ 12,000. You should have an active bank account.
5. The KYC documents like Aadhar card, PAN card are required.

Which documents are needed?

Buddy Loan provides you loan in minimum documentations through online process. To take a personal loan from this app, it is mandatory for you to have the following documents which are as follows.

1. Aadhar Card
2. Pan Card
3. Bank Details
4. Employment ID

Buddy Loan Submission Deadline

 This is a mobile application with maximum time limit. You can take Buddy Loan to meet your daily needs for a maximum period of 6 months to 5 years. And you can deposit this loan in EMI.

How much loan can I take from Buddy Loan app?

Like we have told you above that you can take a loan (Minimum to Maximum) for your personal needs ₹10000 to ₹15 lakh from the Buddy Loan app sitting at home. You should not need any credit history for loan approval. You can get this loan even less in initial period.

Buddy Loan Interest Rate

For Buddy Loan, you can take interest rate (11.99% – 30%) at annual interest rate. Along with this, you may also have to pay (2%) processing fee and some other charges on the loan amount.

Note: Before applying for the loan, make sure to check the interest rate and processing fee, timing, monthly installment.

Buddy Loan Features

• Following are the features of Buddy Loan:
• This app provides loan through 100% online process
• After the approval of loan, you can get the loan amount in your given bank account.
• It is a secure, fast and simple application.
• Can avail loan instantly with minimal documentation.
• Gives loan without any paper work.
• No credit history is required for the loan.
• Apart from giving loans to its customers, this app also provides many other facilities like job placement, job search, extra offers, earning money and many more.
• This app also gives its customers a chance to earn money with Refer and Earn feature.

Buddy Loan Is Real Or Fake

Buddy Loan is a popular mobile application that provides instant loan, it is fast secure app. Buddy Loan app never share your data with any third party platform. It is a Non-govt company which is a company registered by Reserve Bank of India (RBI) and NBFC (Non Banking Financial Company).

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Customer Support Number / Customer Care Number

If you face any kind of problem you can get the solution of your problems by email which is as follows

Email ID – Info@loanbuddy.in

Buddy Loan Loan FAQs (FAQs)

Q1. Who can take Buddy Loan?

Ans: Every citizen of India whose monthly income should be ₹ 12,000 and his salary should come in the bank account is Eligible to take the loan from this app. Apart from this, he should be a citizen of India and his age should be more than 18 years.

Q2. How to take Buddy Loan?

Ans: You can apply for a loan through Buddy Loan’s mobile application and official website and after getting the approval, you can get this loan in your account.

Q3. How to make repayment of Buddy Loan app?

Ans: You can repayment of big loan through mobile application. You can pay the loan in monthly installments. You can do the repayment of loan through UPI platforms like: Paytm, Phone Pe, Amazon Pay, Google Pay and you also do it through Debit card, CreditCard, Net Banking etc.

Q4. What will happen if you don’t repay of Buddy Loan app?

Ans: If you do not repayment of this mobile application, then your credit score may deteriorate and you will not be able to take advantage of any online platform in future.

Q5. Where can Buddy Loan be used?

Ans: Buddy Loan loan can be used for construction of house, repairing, home decoration, family work and marriage functions, for education work like school fees, also for buying books, medical emergency or for emergency situation, any To buy electronic goods like freeze, washing machine, to pay credit bills etc. can be used for many tasks.

Q6. How long does it take to get Buddy Loan approval?

Ans: It may take a maximum 12 – 72 hours for your personal loan to be approved with the Buddy Loan app.

Q7. How much loan can I take with Buddy Loan App?

Ans: With the help of Buddy Loan App, you can take a loan up to Rs 15 lakh. For this your credit score must be good.

Q8. Is this mobile application secure?

Ans: Yes, It is a secure application which is available on google play store. And works as a non-banking company in India.

Q9. Which type of loan does Buddy Loan App provide?

Ans: This app provides Unsecured Loan.