Buddy Finance - Personal Loan 1.0.7

Buddy Finance presents itself as a reliable option for individuals and businesses seeking instant personal and business loans. Their offerings include the Vanquis Card, which provides access to tailored financial solutions and instant credit.

With Buddy Finance, users can secure personal loans of up to ₹25,00,000 and business loans up to ₹2 crore with a streamlined process. The application involves a straightforward, paperless KYC that can be completed in mere minutes.

Key Offerings

• Exclusive Membership: For a nominal fee of ₹1,499, the Vanquis Card offers pre-approved loan offers, expedited processing times, and preferential interest rates.
• Instant Personal Loans: The app facilitates personal loans of up to ₹25,00,000 with quick approval times, flexible repayment tenures ranging from 6 to 60 months, and competitive interest rates starting at 12.99% per annum. The APR varies between 15% and a maximum of 47%.
• Business Loans: Designed to support small businesses, Buddy Finance provides loans up to ₹2 crore with minimal documentation required. The APR ranges from 12.75% to a maximum of 44%.
• Secure and Transparent Process: The platform employs encryption for user data, sharing information exclusively with RBI-registered NBFCs for loan approvals.

Example of Loan Calculation:

• Loan Amount: ₹50,000
• Tenure: 12 months
• Annual Percentage Rate (APR): 20%
• Processing Fees (incl. GST): ₹1,500 + ₹270 GST
• Monthly EMI: ₹4,601
• Total Interest Payable: ₹5,212
• Disbursed Amount: ₹48,230
• Total Amount Payable: ₹55,212
• Total Cost of the Loan: ₹6,712

Reasons to Consider Buddy Finance:

• Quick loan approvals with direct deposit into your account.
• Flexible repayment tenures from 6 to 60 months.
• No hidden fees or prepayment charges.
• Partnerships with RBI-registered NBFCs ensure reliability.
• Stringent data security practices in compliance with RBI regulations.

How to Get Started:

1. Download the Buddy Finance App.
2. Create an account with your details.
3. Pay the one-time membership fee of ₹1,499 for the Vanquis Platinum Card.
4. Apply for a loan and upload KYC documents.
5. Receive instant offers and benefit from quick fund disbursal.

Eligibility Criteria:

• You must be an Indian citizen over 21 years of age.
• A minimum monthly income of ₹15,000 is required.
• KYC documentation must be valid and include PAN, ID, and address proof.

Lending Partners:

• Storrose Vyapaar Pvt. Ltd.

Contact Information:

For assistance or inquiries, please reach out at [email protected].

Address: Flat No 61qube, Plot IID/31/1 Flat No 612, Blk 1, Qube, Newtown, Kolkata - 700135, West Bengal, India

The Buddy Finance App may serve as a viable tool for achieving financial objectives through accessible loan options.