Buddy Loan App is not only an online loan providing mobile application but also a job placement platform. If you are unable to complete any work due to money, you can start work by taking a loan through this app. Through this app, one can easily take a loan of ₹ 10000 to ₹ 15 lakh with tenure of 6 months to 5 years.
In today’s article we are going to tell you about Buddy Loan App, how to apply for a loan, how to get a loan from Buddy Loan App, how much loan to get. We are going. To tell about all the information related to how much time is available to repay the loan, apart from this, how much interest rate will be charged and whether this mobile application is safe or not.
Apart from providing loans to customers, this app also provides many facilities like job placement, job search, additional offers, money making etc. It provides fast and secure loans. If you don’t repay this mobile application, your credit score may deteriorate and you won’t be able to avail any online platform in future.
WHAT IS BUDDY APP
This app is released by “BVALUE SERVICES PRIVATE LIMITED” on 22 September 2020. It is a non-govt company registered by Reserve Bank of India (RBI) and NBFC (Non-Banking Financial Company). Its main branch is in Karnataka (Bengaluru).
Buddy Loan App is an app made for Android users with a size of only 31 MB, it is available on Google Play Store, it now has more than 50 lakh installs and it has got a rating of 4.4. Apart from this, Buddy Loan app has more than 200,000 daily active users.
The Buddy app offers its customers an opportunity to earn money with the Refer and Earn feature and key features to find deals and offers from brands across regions and earn and redeem points for exciting products.
With the Buddy Loan app, you can apply from your mobile at home. Below are the steps to apply for this loan.
STEPS TO APPLY LOAN
Step 1. Install the Buddy Loan app from the Google Play Store.
Step 2. Select your loan amount and select the loan repayment period.
Step 3. Sign up with your mobile number and submit the OTP.
Step 4. Fill your employment details like company name, monthly salary.
Step 5. Now enter your work experience.
Step 6. After this fill the bank details where your salary comes from.
Step 7. Now enter PAN card number and submit your address details
Step 8. Enter your personal details like DOB, Married Status and click Continue.
Step 9. After this select the EMI plan.
Step 10. Fill application form.
Note: If you are eligible for the loan, you will get a confirmation call from the company. Here you have to tell all the information correctly.
Step 11. To get the loan amount, you have to open a Kotak 811 Savings Account.
Note: You open this account only after the loan is approved, don’t open the account when you get a call from the company.
Wait for some time and this loan amount will be transferred to the bank.
Remember: While applying for a loan, all information like address proof, company details and bank details should be checked thoroughly as filling any wrong information will result in loan rejection and pre-conditions for loan application.
BUDDY LOAN ELIGIBILITY
- To take a loan from Buddy Loan App, you need to fulfil the eligibility mentioned below.
- You must be self-employed and engage in any work.
- Your monthly income should be more than ₹ 12,000. You must have proper working bank account.
- You must have KYC documents
WHAT TYPES OF LOANS DOES BUDDY LOAN OFFER?
Buddy Loan App provides various types of loans, details about which are as follows.
- Travel Loan
- Education Loan
- Medical Loan
- Home Loan
- Gold loan
- Personal loan
- Two wheeler loan
- Car loan
- Marriage loan
WHAT WILL BE THE BUDDY INTEREST RATE?
For Buddy Loan, you can take interest rate (11.99% – 30%) at annual interest rate. Along with this, you may have to pay the loan amount, some other charges and a processing fee (2%).
Note: Before applying for a loan, you should check the interest rate, processing fee, timing and monthly installments.
FEATURES OF BUDDY LOAN APP
- This app provides loan through 100% online process
- After the loan is approved, you will receive the loan amount in your bank account.
- It is a safe, fast and simple application.
- You can get loan instantly with minimal documentation.
- Loans are given without paperwork.
- No credit history is required for the loan.
- Apart from providing loans to customers, this app also provides many facilities like job placement, job search, additional offers, money making etc.
- This app also gives its customers an opportunity to earn money using the Refer and Earn feature.
- It may take a maximum of 12 hours to 72 hours to get your personal loan approved using Buddy Loan App.
- With the help of Buddy Loan App, you can borrow up to Rs 15 Lakhs. Your credit score should be good for this.
- It is a secure app available on Google Play Store and operates as a non-banking company in India.
- Buddy loan can be used for home construction, repairs, home decoration, family work, marriage functions, educational work like school fees, purchase of books, medical emergency or emergency, electronic goods like fridge, washing machine etc. Credit can be used for many tasks such as paying bills and more.
SECURITY AND PRIVACY
Buddy Loan is a popular mobile application that provides instant loans and is a fast and secure app. Buddy Loan App will not share your data with any third party platform. And
It is a non-govt company registered by Reserve Bank of India (RBI) and NBFC (Non-Banking Financial Company).
CCUSTOMER SUPPORT NUMBER / CUSTOMER CARE NUMBER
If you face any kind of problem you will get solution of your problems through email
Email ID – Info@loanbuddy.in