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Instant Loan Online - Get an instant Personal Loan up to Rs 15,00,000 - Buddy Loan

Claim your Instant loan online up to 15,00,000 with least documentation. And, get Instant Personal loan with the low-interest rate in India. Jog through the panel.

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Instant Loan Online - Get an instant Personal Loan up to Rs 15,00,000 - Buddy Loan

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  1. Personal Loan Online -Buddy Loan Buddyloan.in

  2. About Buddy Loan Personal loan: Personal loan Online is a short to medium term unsecured loan (no collateral) that you can use to meet your financial needs. Though most commonly used to meet expenses related to debt consolidation, vacations and unexpected medical expenses, a personal loan may be used for practically any type of expense.

  3. Features and Benefits of Personal Loan: • No Collateral Required • Multipurpose Use • Flexible Tenure • Simple Documentation Process • Flexible Quantum of Loan

  4. No Collateral Required: Personal loan is an unsecured loan which means a loan offered without keeping any assets (e.g., house or car) as collateral. These loans are offered on the basis of an applicant's credit history, income details, age, etc.

  5. Multipurpose Use: Unlike other loan options, personal loan can be used as per the requirements of a borrower without any preconditions. It can be used to overcome any financial constraints, which may arise due to a medical emergency, debt accumulation, sudden travel plans, house renovation, etc.

  6. Flexible Tenure: In personal loan, borrowers get flexible tenure of up to 5 years to repay the loan amount, thus, making it more preferable than other credit options such as credit card loans or gold loans.

  7. Simple Documentation Process: To apply for a personal loan minimum documentation is required and is often approved within 48 hours of submitting an application.

  8. Flexible Quantum of Loan: Based on a borrower’s repayment history, monthly income, age, profession, employer and other such factors, lenders offer personal loan for requirements as low as Rs. 10,000 to as high as Rs. 40 lakhs, depending on the concerned lending institution. Any Indian citizen be it a salaried professional or self- employed individual is eligible for a personal loan. Since the loan is unsecured, therefore, the lending risk factor involved in these loans increases considerably. To reduce the same, there are a few eligibility criteria that must be met primarily to get a loan. The eligibility criteria might differ from one lender to another; however, there are a few basic eligibility criteria that are common for most lenders.

  9. Some of the factors on which the eligibility criteria are based are given as follows: Repayment Ability: Applicant should have worked for an organization or been involved in a business for a certain number of years. Income: Applicants should have the lender stipulated monthly repaying capacity or minimum salary.

  10. Age: Applicant must qualify for the applicant age bracket defined by the lending institution Credit Score: Applicant should have the bank specified minimum credit score and good credit history. Existing EMIs: Applicant should not have any other loan liabilities or must have strong ability to take additional debts.

  11. Personal Loan Eligibility Criteria: The table given below summaries the basic eligibility criteria required by most banks and NBFCs for individuals requesting a personal loan: Do’s: 1.Know your credit score before applying for personal loan 2.Research different personal loan offers to get the best deal 3.Read the fine print carefully 4.Pay your loan installment full every month 5.Borrow what you can repay

  12. Don'ts: 1.Submitting multiple applications to get a personal loan 2.Going for the first loan offer that comes your way 3.Partially paying your loan installment 4.Missing the due date of your loan installment 5.Asking for a loan amount as per what you want rather than what you need 6.Signing the loan-related documents without properly reading or understanding them

  13. Don'ts: 1.Submitting multiple applications to get a personal loan 2.Going for the first loan offer that comes your way 3.Partially paying your loan installment 4.Missing the due date of your loan installment 5.Asking for a loan amount as per what you want rather than what you need 6.Signing the loan-related documents without properly reading or understanding them

  14. Get Loan

  15. Thank You Buddyloan.in

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