Top 5 Ways to Use Online Personal Loan Effectively
Everyday we all are fighting with some financial crises. A financial crisis is a situation where the values of assets fall suddenly and often stimulated by breaking savings or bank accounts. In such a scenario, instant personal loans are a great way to meet all your personal requirements with ease and maximum convenience. A personal loan is not only easily accessible to consumers, also the low interest rates, flexible repayment options, transparency, and no-collateral features help this financing tool to gain popularity among the younger generations. Be it to meet your wedding expenses, traveling to dream destination, or fulfilling medical emergencies, you can use the loan amount without any limitation. Check out the below ways where you can use it wisely!
- Paying Off Medical Bills:
Medical emergencies can happen unexpectedly, putting us into unpleasant situations while making our lives miserable. Most of the time, large medical bills and other hefty expenditures create a big hole in our pocket. And if you don’t have an emergency fund or the insurance plansto cover all these expenses, you might have a critical problem disturbing your savings or investments. In that case, a quick personal loan is the best solution for not bothering your savings and investments.
2. House Renovations:
There is no doubt that renovating or refurbishing home gives us a good feel but at the same time, the huge expenses could be a burden especially when you are short on cash. But an instant personal loan can be savior in this situation. Applying for a quick loan can help you in upgrading or changing your old furniture. Get a loan now and use it to cover your home upgradation project.
3. For Higher Education:
Higher education funds like tuition fees, exam fees, and many other expenses seem to be a challenging factor for most of us. But instant Personal loan helps in some cases when you run out of money. If you are looking for funds, apply for a loan now to fund your education expenses.
4. Clearing Existing Debts:
Wipe out your existing loan debts or credit card outstanding in one go with instant personal loan and then make pocket-friendly EMIs through the chosen tenure period. Apply now and stay debt free in no time.
5. Business Expansion:
Looking for business expansion? A business always requires a steady cash flow to make a decent profit and instant personal loans are the best way to meet all your business funds immediately as you can spend the amount as per your wish. Whether you are planning to start a business or upgrading your workspace, a personal loan can help you to reduce your financial stress.
Benefits of Applying Instant Personal Loan With Buddy Loan:
- With Buddy Loan, you can apply for a loan up to Rs. 15 lakhs at competitive rates starting from 11.99% p.a.
- Unsecured loans don’t ask
- Simple eligibility criteria and minimal documentation
- Applying for a personal loan with Buddy Loan is straightforward and easy. Upload your documents and avail yourself for a quick personal loan within a fraction of the time.
- After a successful verification of the documents, expect the loan amount to be disbursed within 24-48 hours.
- Repay the loan amount in flexible EMIs. Choose the tenure ranging from 6 months to 5 years and pay it off at your convenience
- Completely safe & secure to apply. Also, there is no pre payment charges or hidden fees
- Highest loan approval rate and requires no collateral for security
Are You Eligible for an Instant Personal Loan? Check Now
Some of the eligibility criteria that needs to be focused, when you are looking to apply for an instant personal loan:
- A good credit score is a significant factor for an instant personal loan approval. Having a good credit score can help you get a loan at a competitive interest rate. Always maintain a credit score of above 750 to increase the chances of approving the credit lines.
- Your age should be 21 years to apply for a loan online
- You need to be a citizen or resident of India.
- Should have last 3 months bank statements or payslips
The eligibility criteria may vary from lenders to lenders. So check with your lender before applying for an instant loan.
Looking for a personal loan to meet your personal needs? Apply with Buddy Loan now and take care of all your expenditures in a hassle-free way!