Welcome to borrow buddy, your trusted companion for short term personal loans need quick funds for unexpected expenses or to bridge financial gaps between paychecks? Borrow Buddy has you covered experience rapid approval and enjoy the flexibility of personalised Repayment plans say goodbye to lengthy processes – our app is designed for Swift, hassle-free transaction apply get approved and manage your short term personal loan seamlessly, all within the borrow buddy app your financial well – being, simplified. Benifit from the lowest interest rates, no hidden costs, 100% transparency, and zero collaterals

Key Features :

key highlights

• No security deposit
• No hidden cost
• Loan amount : 5000 to 2 lakhs
• Loan tenure : 62 days to 365 days
• Annual percentage Rate range from 0% – 36%
• 100% digital process
• Accessible, anytime, anywhere : whether through our mobile app, access at your fingertips whenever you need it.
• Minimal documentation : we requires minimal documentation, making the process smoother for you
• Instant approvals : completed applications are approved instantly, ensuring a quick response to your financial needs
• Direct money transfer to your bank account : once loan is approved, the money is transferred to directly to your bank account, providing swift access to the funds you require
• Transparent terms : No surprises. Clear term and conditions for a worry free borrowing experience

Eligibility criteria

• Salaried individuals
• Age above 21 years
• Minimum take home salary per month 15k documentation
• Pan card for cibil score
• Aadhar card for address verification
• Salary account bank statement

Sample Calculation

• Loan amount : 20,000
• Tenure : 3 months
• Interest : flat 36% per annum
• Procesing fees (incl.gst) : 708
• Disbursed amount : 20,000 – 708 = 19,292
• Flat interest : 20,000 3/12 36% = 1,800
• Total repayment amount : 20,000 + 1,800 = 21,800
• Monthly EMI : 21,800 / 3 = 7,267
• Total cost of loan : interest amount + processing fees = 1,800 + 708 = 2,508

Interest rates and other Charges

• Interest rate range from 0% to 36%
• Late payment charges : we charge a late payment fee not exceeding 8.33% per month on the amount due, subject to a minimum of 500 + GST
• mandate reject charge : 250 + GST
• Bounce charges : 500 + GST
• Prepayment charges : 0
• Processing fee (Incl. Of GST) ranges from 590 to 11918 ( depending on the loan amount and tenure)

Approval process

• Login to the app
• Fill in some basic details and upload required documents
• Choose the loan amount and tenure
• Get the money transferred to your account safety and security
• SMS : we only access transactional SMS to evaluate creditworthiness and determine the loan offer amount

Device information : securely links the loan application to the users phone

Location : ensures the service ability of a loan

application and accelerates the KYC process.

Camera and media access : facilitates the upload of your selfie as part of the application process

Borrow Buddy is working with RBI complaint NBFC

1. Superline fininvest Pvt Ltd

contacts us

For any kind of help or support feel free to send an email to connect@borrowbuddy.co.in