Bangalore (Karnataka) [India]December 22nd (ANI / VRPR Digital): Bangalore-based fintech startup – Buddy Loan, one of the fastest growing personal loan aggregators, has generated over 7 million loan applications totaling Rs 6640 crores in just 15 months since its launch in September 2019.
With over 10,000 loan applications daily, Buddy Loan offers security-free personal loan options from India’s top lenders on its platform. Borrowers can use the loans to cover any financial need.
Applying for a personal loan via Buddy Loan is easy, instant and document-free. Anyone over the age of 22, employee or self-employed, can apply for a loan amount of up to Rs 15 lakh on this platform. A person just needs to fill out a digital form and provide PAN details for the loan application.
“The idea behind the introduction of this fintech product was to create borrowing options from the safest lenders in the country for even smaller amounts and to provide financing solutions for a maximum number of people, providing a robust bridge between our customers and lenders that ensures high convertibility of loan applications “said Srikanth Bureddy, co-founder of Buddy Loan.
Through its partnership with the most secure lenders in the country, the fintech startup has created a safety net for its clients to meet their financial needs. As an aggregator, Buddy Loan conducts the initial screening of personal loan applications on its technologically advanced platform, adjusting requirements and offering borrowers loan options from multiple lenders on a single platform.
The filtering process can save both customers and lenders a great deal of time and effort. While it allows lenders to process and extend loans quickly, it also saves borrowers from having to check their creditworthiness individually with different lenders and sharing the same information multiple times.
Buddy Loan is an easy-to-use digital platform accessible 24/7 via the web and the Android app. With the app, users can also take advantage of exciting deals and offers, collect points and redeem them on several levels. Buddy Loan will be launched in the App Store shortly.
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