Buddy Loan helps you get the best personal loan for your needs. You can compare loans from different lenders and choose the one that is perfect for you. Buddy Loan is one of India's leading financial services companies with a primary focus on personal loans. We make personal finance simple for everyone, providing instant loans for all kinds of needs - from travel to medical expenses and home renovations to wedding planning.

1. What is a Personal Loan?

2. • In simple terms, a personal loan is money that you borrow
from a financial institution. You can get it from a bank, credit
company or private lender. It can be repaid along with interest
in instalments over a set period of time.
• With a personal loan, you can get a loan through loan
brokers. Buddy loans have a track record of disbursing large
amounts of loans in a short time. Based on the borrower's
profile, loan aggregators determine the best match.

3. • There are many types of personal loans
• In India, personal loans fall under the following categories:
•
 A wedding loan: This personal loan is what you need to
plan your big day. You can book the venue, cater, buy
jewelry, and take care of guests' accommodation with the
confidence that you have strong financial backing.

4. • Main features
• (A) Loan amount starting at INR1000 to INR25000000
• (B) Repayment terms from 3 months to 6 years
• (C) Minimal documentation
•
• * Home renovation loan: Get a loan to help you beautify, fix
up or upgrade your home.

5. • Main features
• (A) Maximum loan amount of INR4000000
• (B) Maximum 30-year repayment term
• (C) Interest Rate starting at 9%
•
• * Travel loan: This allows you to travel anywhere you like. You can
also pay your bills later. A travel loan can often be combined with
travel insurance. This ensures that you are protected from any
unexpected financial emergency

6. • Main features
• (A) Maximum INR4000000
• (B) An easy and fast process for documenting
• (C) Extended repayment term up to six years
•
• * Education loan: There are many lenders that offer education
loans. It can be used to pay tuition fees or for overseas education.

7. • Main features
• (A) Maximum INR25000000
• (B) Low interest rates, which generally start at 9%
• (C) Extended repayment term up to 15 years
•
• * Pension loan: This is for retired personnel. The eligibility criteria are
usually very flexible. Some lenders offer loans up to ten-times the
amount of the monthly pension received.

8. • Main features
• (A) Loan amount starting at INR25000 and ending at INR14000000
• (B) The average interest rate starts at 9.30%
• (C) Extended repayment term of up to five years
•
• India Personal Loans Eligibility
• It is easy to determine your eligibility for a personal Loan in India. You can find an
online calculator for personal loans eligibility on the Internet. It is all about the
information you provide. This tool will give you an estimate of how much money you
could borrow from a lender.

9. • Is the CIBIL score important?
• When applying for a personal loan, your CIBIL score is crucial. The safe range is
between 750 and 900. Your chances of getting it are greater if you have a higher
score. The approval rate is higher for those who apply early.
•
• How do I repay a personal loan?
• It is easy to repay a personal loan. This is all you need to do:
• * Give it the highest priority
• * Increase your earnings to increase the amount of your payment
• Personal loans are the best way to realize your goals and dreams. It only requires
a little bit of planning and care.