Banks used to offer personal loans, though they did so in a manual manner. A personal loan was obtained by going to the bank, waiting in line, completing multiple paperwork, submitting excessive documentation, submitting a complicated application and then being denied. The way lenders lend has changed drastically in recent times. The new norm is to apply for a personal loan online . Online loan approval is possible thanks to modern technology. The digital approach also allows for quick disbursement and approval. Buddy Loan makes it easy to apply online for loans. The process is seamless and smooth. All your financial requirements can be met easily with a quick and easy online application. You can apply online for a loan in just three steps.
Step 1. Fill up The Online Application
You can download the Buddy Loan Application or go to the website to fill out your personal information. This includes basic details such as age, location, monthly income, employment type (salaried or self-employed or professional), and the purpose of the loan (medical emergencies, weddings, home improvements, education, etc.) in order to expedite your loan application. You will then need to upload any required documents like ID proofs, residency proofs, salary slips (bank statements, ITR), etc.
Step 2: Verification
This stage is where lenders verify all details and documents. Verification is critical before your loan application is approved. You must ensure that the information you give is correct to your knowledge. After successful verification, lenders will immediately provide customized loans to suit your needs and profile.
Step 3: Instant Disbursement
Once you’ve chosen the loan amount, interest rate and tenure period, it’s time for you to sign the agreement. Be sure to carefully read all terms and conditions before you sign the agreement. Otherwise, you could be facing additional problems. Once you have signed the agreement successfully, lenders will instantly sanction the amount. You can expect to receive it within 48 hours directly into your bank account.
Buddy Loan offers a personal loan online for those who are in desperate need of cash. The digitally-enabled process makes it easy to obtain the funds online.