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Personal Loan - Apply Instant Personal Loan Online - Buddy Loan

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Apply for Buddy Loan Personal Loan upto INR 15 Lakhs with attractive personal loan interest rates @11.99%, Quick Disbursal, Minimal Paperwork & more. – PowerPoint PPT presentation

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Title: Personal Loan - Apply Instant Personal Loan Online - Buddy Loan


1
Personal Loan Online -Buddy Loan
Buddyloan.in
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About Buddy Loan Personal loan Personal loan
Online is a short to medium term unsecured loan
(no collateral) that you can use to meet your
financial needs. Though most commonly used to
meet expenses related to debt consolidation,
vacations and unexpected medical expenses, a
personal loan may be used for practically any
type of expense.
3
  • Features and Benefits of Personal Loan
  • No Collateral Required
  • Multipurpose Use
  • Flexible Tenure
  • Simple Documentation Process
  • Flexible Quantum of Loan

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No Collateral Required Personal loan is an
unsecured loan which means a loan offered without
keeping any assets (e.g., house or car) as
collateral. These loans are offered on the basis
of an applicant's credit history, income details,
age, etc.
5
Multipurpose Use Unlike other loan options,
personal loan can be used as per the requirements
of a borrower without any preconditions. It can
be used to overcome any financial constraints,
which may arise due to a medical emergency, debt
accumulation, sudden travel plans,
house renovation, etc.
6
Flexible Tenure In personal loan, borrowers
get flexible tenure of up to 5 years to repay the
loan amount, thus, making it more preferable than
other credit options such as credit card loans or
gold loans.
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Simple Documentation Process To apply for
a personal loan minimum documentation is required
and is often approved within 48 hours of
submitting an application.
8
Flexible Quantum of Loan Based on a borrowers
repayment history, monthly income, age,
profession, employer and other such factors,
lenders offer personal loan for requirements as
low as Rs. 10,000 to as high as Rs. 40 lakhs,
depending on the concerned lending institution.
Any Indian citizen be it a salaried professional
or self- employed individual is eligible for a
personal loan. Since the loan is unsecured,
therefore, the lending risk factor involved in
these loans increases considerably. To reduce the
same, there are a few eligibility criteria that
must be met primarily to get a loan. The
eligibility criteria might differ from one lender
to another however, there are a few basic
eligibility criteria that are common for most
lenders.
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Some of the factors on which the eligibility
criteria are based are given as
follows Repayment Ability Applicant should
have worked for an organization or been involved
in a business for a certain number of
years. Income Applicants should have the lender
stipulated monthly repaying capacity or minimum
salary.
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Age Applicant must qualify for the applicant age
bracket defined by the lending institution Credit
Score Applicant should have the bank specified
minimum credit score and good credit
history. Existing EMIs Applicant should not
have any other loan liabilities or must have
strong ability to take additional debts.
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Personal Loan Eligibility Criteria The table
given below summaries the basic
eligibility criteria required by most banks and
NBFCs for individuals requesting a personal
loan Dos 1.Know your credit score before
applying for personal loan 2.Research different
personal loan offers to get the best deal 3.Read
the fine print carefully 4.Pay your loan
installment full every month 5.Borrow what you
can repay
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Don'ts 1.Submitting multiple applications to
get a personal loan 2.Going for the first loan
offer that comes your way 3.Partially paying your
loan installment 4.Missing the due date of your
loan installment 5.Asking for a loan amount as
per what you want rather than what you
need 6.Signing the loan-related documents without
properly reading or understanding them
13
Don'ts 1.Submitting multiple applications to
get a personal loan 2.Going for the first loan
offer that comes your way 3.Partially paying your
loan installment 4.Missing the due date of your
loan installment 5.Asking for a loan amount as
per what you want rather than what you
need 6.Signing the loan-related documents without
properly reading or understanding them
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Get Loan
15
Thank You
Buddyloan.in
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