Example Calculation: A loan of ₹1,00,000 with an interest rate of 13% and a repayment tenure of 1 year has a processing fee of 2% = ₹2,000 + GST = ₹2,360 (Line setup fee of ₹499+GST = ₹588/- to be paid before starting the credit line) & monthly EMI of ₹8,932. The total interest is ₹7,181 and the loan repayment amount after 1 year is ₹1,10,129.
*The maximum Annual Percentage Rate (APR) can go up to 36% Based on our RBI Approved lenders.
Track Your Credit Score for Free
With Buddy Loan, You can check your credit score for free and get a detailed credit report analysis in your email. Credit score ranges from 300 to 900. Refresh your Credit Score every month to track your credit health and get closer to your financial goals.
Why choose the Buddy Loan App?
• Instant Loan up to ₹50 Lakhs*
• Affordable Interest Rate: Starting at 11.99%* (p.a)
• 20 + RBI Approved Lenders
• 100% Paperless Digital Application
• Highest Approval Rate & Quick Disbursal
• Flexible Repayment Plans: 6 months to 5 years
• Transparent & Convenient Loan process
• Safe & Secure
Your data is safe with us. It is transferred over a secure HTTPS connection, and we do not share it with anyone without your consent. All transactions on Buddy Loan are secured using 128-bit SSL encryption.
Instant Loan Eligibility with Buddy Loan
• Age: 21 and 60 years.
• Residence: Indian Resident.
• Income: Minimum monthly income of ₹15,000 (for salaried) or Annual Turnover for self-employed (as per lender)
• Credit Score: CIBIL Score of 650 or higher * ( Subject to Lender approval)
• Employment: Salaried job in the public/private sector or consistent self-employed income.
• Business Vintage Requirement: Minimum of 2 years or more (depending on lender) (only for business loans).
Types of Loans Offered by Buddy Loan
Personal Loan: Apply personal loan to fulfil urgent cash requirements or any other financial needs. Get instant personal loans, for emergency, shopping, marriage, car or bike, home renovation or other personal needs.
Personal Loan for Salaried/Self Employed: Get easy loans as a salaried or self employed professional. Quick loan approval with flexible repayment options of 6 to 60 months.
Business Loan: Our RBI-approved loan lenders offer MSME/ SME & Working Capital Loans to small & medium-sized businesses. Get a quick, collateral-free business loan of up to ₹50 Lakhs to grow your small business.
Steps to Apply for an Instant Loan
1. Login to the Buddy Loan App.
2. Fill in the basic personal details.
3. Enter the desired loan amount.
4. Get connected to RBI approved lenders.
5. Direct deposit to your bank account.
It’s safe, instant, and reliable!
Responsible Lending
Buddy Loan is a Personal Loan aggregator platform partnered with RBI-registered NBFC lending partners. We ensure you can secure a loan quickly to meet your personal financial needs.#ZarooratAapkiZimmedariHumari
Ditya Finance Private Limited -
https://www.mcapital.co.in/#/sourcing-partners
LENDINGKART Finance Limited -
https://www.lendingkart.com/dsachannelpartner-xlr8/
UPWARDS CAPITAL PRIVATE LIMITED -
https://upwards.in/upwards-lead-generation-partners
mPokket Financial Services Private Limited -
https://mpokket.in/digital-lead-partners/
Contact Us:
For Loan Assist or any other details about our personal loans, contact us at
Email : info@buddyloan.com
Phone : 080-47097512
Address : No: 1187, 5th main, 21st Cross Rd, Sector 7, HSR Layout, Bengaluru, Karnataka 560102