Buddy Loan is a popular digital loan platform with over one crore downloads on the Google Play Store, known for its personal loans for salaried individuals and business owners.
Here, we’ll examine its features and legitimacy.
What is Buddy Loan App?
Buddy Loan is an app-based loan aggregator that simplifies personal loan applications, offering amounts ranging from Rs. 5,000 to Rs. 15 lakhs.
With flexible repayment terms from 6 months to 5 years, the platform is geared towards individuals seeking hassle-free loan approvals.
Interest rates start at 11.99% p.a., with processing fees clearly stated before initiating a credit line. Buddy Loan also offers different types of loans, including personal loans, home loans, and gold loans.
The app’s interface is user-friendly, and it has consistently received positive feedback for its transparency and ease of use.
It’s app is available in google play store and has over one crore downloads.
With 1.1 million visitors as of September 2024, Buddy Loan’s digital presence and market trustworthiness continue to grow.
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Website Profile
| Website | Buddyloan.com |
| Name | Buddy Loan |
| Service | Loan Aggregation |
| Domain Registration Date | 2013-09-20 |
| Contact | [email protected] |
| Company Name | Bvalue Services Private Limited |
| Address | 21st Cross Rd, Sector 7, HSR Layout, Bangalore, Karnataka 560102 |
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Buddy Loan App Review
Buddy Loan is known for its straightforward application process, allowing users to apply for loans quickly through their mobile app. Backed by RBI-regulated lenders, the platform maintains a high standard of compliance and security.
The platform has been active since 2019, and no significant negative reviews have surfaced, adding to its credibility.
Here are some of the green flags of this platform:
- Backed by RBI-regulated lenders: Partnered with authorized NBFCs and banks.
- Transparent fee structure: Processing fees and interest rates are clearly defined.
- Wide loan range and flexible terms: Loan amounts from Rs. 5,000 to Rs. 15 lakhs, with terms from 6 months to 5 years.
Buddy Loan is a legitimate and secure loan aggregation platform, offering flexible personal loans through trusted lenders. With a reliable market presence and strong partnerships, it’s a solid choice for those seeking financial assistance online. However, as with any loan, users should read the terms carefully to fully understand the fees and repayment obligations.
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