This document discusses collateral loans and collateral-free personal loans. A collateral loan requires the borrower to pledge an asset as security against the loan, allowing the lender to seize the asset if the borrower defaults. Collateral loans typically have lower interest rates than unsecured loans. Personal loans can be secured or unsecured. Buddy Loan offers collateral-free personal loans ranging from Rs. 1000 to Rs. 15 lakhs with quick approval, flexible repayment terms up to 5 years, interest rates starting at 11.99%, and no requirement to pledge an asset as collateral.

1. z
WHAT IS
COLLATERAL? IS A
PERSONAL LOAN
COLLATERAL FREE?

2. z
INTRODUCTION
 A collateral loan is nothing but a secure type of loan where you (borrower) pledge asset or
any kind of property against the loan you receive and agree that your lender can sell and take
possession of the property pledged to get their money back in case you fail to repay the loan
amount. It is just a form of assurance to the lenders that the loan amount you have taken is
returned to them within the accepted time frame.
 Since you are pledging protection against the loan you receive, there is a higher chance of
getting low-interest rates compared to unsecured loans and you also get a higher amount of
loan with above average credit scores too.
 What can be used as collateral for availing loans? Anything that has revenue or a potential
future earnings stream can be used as collateral, things that are readily convertible into cash.
In general, hard assets such as Automobiles Commercial and residential property Machinery
and equipment Valuables and collectibles Paper assets such as Insurance policies Future
payments from customers Investments such as fixed deposits, bonds, mutual funds, shares. ·
 Buddy Loan Collateral free personal loans Personal loans can be both secured and
unsecured loans that are provided when you require instant funds, with complete flexibility to
use the cash as per your need.

3. z BENEFITS
 Buddy Loan provides personal loans that are collateral-free i.e. you don’t have to pledge any form of an asset as
security to avail the loan. Just submit the required documents to get collateral-free personal loans.
Benefits of Collateral free Buddy Loan personal loans Disbursal Amount
 The loan amount ranges from Rs.1000 to Rs.15 lakhs. Hassle-Free Documentation
 Buddy Loan paperless documentation approval is super quick. Flexible Tenure – Pay off loans at your
convenience within a time frame of 6 months to 5 years.
 Lower Interest Rates – Buddy Loan Interest Rates starts from 11.99% p.a. with the lowest rates for high
credit score holders.
 Quick loan approval – Your loan will be approved within 48 hours.
 Low EMI Option – Pay lower EMI with Buddy Loan within the tenure of 6 months to 5 years. High approval
rate – Buddy Loan has got a higher loan approval rate in the industry.
 Trusted Loan Application – Buddy Loan assures that the information provided by the applicants will be held
confidential. Buddy Loan makes it simpler for you to get instant cash for your personal needs at best interest
rates just by sitting at home.
 Just fill in the details on the Buddy Loan website to receive instant funds.
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