Buddy Loan App Review – Real or Fake, Interest Rate, Eligibility, Customer Care, RBI Approved or Not?

Buddy is a personal loan app on the Google Play Store in India. Personal loans can be beneficial for getting instant cash, but many scam loan apps exist. Finding a legitimate loan app in India is quite tricky. That’s why Review Matrix is here – an online platform that provides research-based reviews regarding financial apps.

In today’s blog post, I am reviewing another personal loan application, Buddy Loan, to examine its eligibility, legitimacy, privacy, and safety concerns. Let’s see the truth behind the Buddy Loan App.

Buddy Loan App Details

Buddy Loan is a personal loan application in India that is famous for offering lower interest rates and flexible loan tenure. Buddy Loan is available on the Google Play Store for easy download. If you are salaried or self-employed, you can claim a personal loan starting with RS—5000 to 15 lakhs with minimal documents.

The Buddy Loan app offers an interest rate starting at 11.25% per annum and a flexible repayment time of 6 months to 5 years. Interested in taking a loan from the Buddy app? Then you have to fulfill the following requirements given below:

• Must be an Indian Citizen between 21 and 60 years old.
• Minimum Monthly income must be more than 15,000 rupees.
• The applicant’s credit score must be 650 or higher.
• Applicant must have a bank account and a valid Government Identity Card.

Before applying for a loan, please read the complete article.

Also Read: FiniKash Loan App Review

Buddy Loan App RBI Approved or Not?

The Buddy Loan app is RBI Registered and works with NBFC-registered partners. This loan application is well-registered in India, and I didn’t find any sign of a scam. Here is the list of some popular NBFCs partnered with the Buddy Loan App:

• DRP Financial Services Pvt Ltd – http://drpfinance.com/sourcing_partners.html
• Ditya Finance Private Limited – https://www.mcapital.co.in/#/sourcing-partners
• LENDINGKART Finance Limited – https://www.lendingkart.com/dsachannelpartner-xlr8
• UPWARDS CAPITAL PRIVATE LIMITED – https://upwards.in/upwards-lead-generation-partners
• mPokket Financial Services Private Limited – https://mpokket.in/digital-lead-partners

Buddy Loan App Real or Fake

The Buddy Loan app is a leading loan application available in India. The main question arises here about its legitimacy. I captured many users’ experiences and found mixed reviews to find the answer. According to my & user’s experiences, Buddy Loan is a legitimate personal loan application with some limitations. Buddy loans can be a good option if you are looking for a personal loan instantly.

Buddy Loan is RBI registered and has NBFC partners, so there is no chance of blackmailing and harassment. Here are some points you have to remember while taking a personal loan from this app:

• They charge more if you don’t repay on the settlement date.
• Their calling frequency on settlement day will be very high.
• Sometimes, the app faces many technical issues during repayments.
• Many users face harassment through calls.
• Not many reviews on the Google Play Store.

At Last, a Buddy Loan is a safe & secure personal loan application with RBI approval and NBFC partners. Eligible Applicants can apply for a loan on the Buddy Loan App, and for better loan apps, you can message me on WhatsApp at https://wa.me/917056270603 any time.

Also Read: Money Fine Loan App Review

Buddy Loan App Review

Buddy Loan App

Buddy Loan app offers an interest rate starting at 11.25% per annum and a flexible repayment time of 6 months to 5 years. If you are salaried or self-employed, you can claim a personal loan starting with RS—5000 to 15 lakhs with minimal documents. Buddy Loan is a legitimate personal loan application with some limitations. Buddy loans can be a good option if you are looking for a personal loan instantly. At Last, a Buddy Loan is a safe & secure personal loan application with RBI approval and NBFC partners.

Price Currency: INR

Operating System: Android

Application Category: Personal Loan

Editor's Rating:
4.2

Also Read: Swift Seconds Loan App Review

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