Previously, personal loans were offered by banks that too in a manual procedure. Visiting the bank, standing in a queue, going through multiple procedures, excess documentation, difficult application, and then delay in approval were the parts of availing a personal loan. In recent times, lenders have changed the way of lending completely. Getting a Personal Loan Online is the new normal. With the modern technology and digital approach, it is now possible to receive a loan online with minimum documentation which also ensures quick approval and disbursement. At Buddy Loan, you can apply for a loan online while enjoying a smooth seamless experience. With a simple and swift online application, you can easily meet all your financial needs. Get loan online in three easy steps, check them below –
Step 1: Fill Up The Online Application
Download the Buddy Loan application or visit the website where you need to provide your personal information (basic details including age, city, monthly income), employment type (salaried, self-employed, or business professional), and purpose of the loan (medical emergency, wedding, home improvement, education, or others) to process your loan application with ease and convenience. And then you have to upload the required documents such as ID proofs, residential proof, salary slips, bank statements, ITR, etc.
Step 2: Verification
In this stage, lenders will verify all your documents and details. Before approving your loan application, the verification process is crucial. So make sure the information you provide is true to your knowledge. After a successful verification, lenders will immediately offer customized loans that will suit your profile and requirements.
Step 3: Instant Disbursement
Once you choose the loan amount, interest rate, and tenure period offered by the lenders, it’s time to sign the agreement. Make sure to read the terms and conditions carefully before signing, otherwise, you may end up with extra hassles. After you have successfully signed the agreement, lenders will sanction the amount instantly and you can be sure to get the amount within 48 hours directly to your bank account.
When you are in urgent need of cash, apply for a personal loan online with Buddy Loan. With a digitally enabled procedure, be sure to get the funds without stepping out of the home!