Planning for something big? Need funds for your child’s higher education? Medical emergency? Facing unwanted cash crunch? Shortage on cash? Thinking about what to do, where to go? When you are extremely exhausted and looking for a safe and convenient financing option to pay off all these, then an instant personal loan can be your true friend. A personal loan is an unsecured loan that comes with a flexible tenure and competitive interest rate. Unsecured loans do not ask for any collateral or security. At Buddy Loan, you can apply for loan online up to Rs. 15 Lakh at an interest rate of around 11.99% p.a.
Personal loans do not have any limitations, you can use the amount as per your needs and repay the same from 6 months to 5 years. Quick approval, instant disbursement, convenience, and ease of process are the reasons to get a personal loan for every financial requirement. Sounds good, isn’t it?
The eligibility criteria to avail of an instant personal loan include –
- You have to be a resident or citizen of India
- Age should be over 21
- Monthly income should be Rs.18000+
To apply for a loan online, visit the website or go through the Buddy Loan app, fill up the required details, upload the documents( identity proof, address proof, last 3 months bank statements, and salary slips), and post verification, wait for the loan disbursal.
Tips To Get Personal Loan Instant Approval
- Meet the lender’s eligibility requirements. Before you proceed, make sure to check the criteria available on the respective lender’s website.
- Make sure you have a steady source of income. This is one of the main factors that lenders check and determine the loan amount and interest rate.
- CIBIL score is another big parameter that lenders consider before approving your loan application. It is a 3 digit number and obtained depending on your transaction history and other financial information. To avail a loan, a score over 750 is considered good. Paying off your existing loan and other debts timely can improve the score while increasing the chances of loan approval.
- Avoid applying with multiple lenders at the same time as it can affect your profile in a negative manner.
- Be sure that you clear off all your existing loans and then go ahead with the new one. Otherwise, lenders may doubt the repayment capability.
Following the above tips and tricks can enhance the scope of instant loan approval. With Buddy Loan’s user-friendly application, you can apply for a loan online quickly and efficiently. Once the documents are verified, your loan will disburse straight to your account within 48 working hours. Are you looking for a quick loan sanction, then apply now at Buddy Loan!!