How to take loan from mobile
Hello friends, I welcome you all. Friends, in today’s article you will get information about how to take loan from mobile. Friends, if you need money during your stay and want to take a loan then you can take a personal loan through your mobile because in today’s time taking loan has become very easy due to internet. To take loan from mobile, you will have to install a loan application from play store. To get information about your loan application process, you will have to upload the necessary documents by entering the basic information at the time of applying for your loan. All this information will be explained in detail in today’s article so that you can easily take loan from your mobile. That’s why you have to read this article carefully till the end.
Documents to take loan from mobile
- Aadhar Card
- Pan Card
- Bank statement
- Voter ID
- driving license
- Salary Slip / Income Tax Return Form of last 2 years
Eligibility for taking mobile loan
- The applicant taking loan from mobile must be a citizen of India.
- Applicant’s age should be between 18 years to 59 years
- The applicant taking loan should have a good credit score.
- The applicant must be either a salaried employee or self-employed.
- Applicant should not be a loan defaulter from any bank or NBFC
- The applicant must have KYC documents.
- Applicants taking loan from mobile should have mobile number linked in their Aadhar card.
mobile loan apply online
If you want to apply online to take a loan from your mobile, then you will have to follow all the steps given below, which will be as follows –
- To take loan from mobile, first of all you have to install Buddy Loan App from Play Store in your mobile phone.
- You will have to sign up in the bad buddy loan app by entering your mobile number.
- To use Bad Buddy Loan app, you will have to login by entering your mobile number and password.
- In the dashboard of your Buddy Loan application, you will have to click on the personal loan option in the loan field.
- After clicking, a new page will open in front of you in which you will get information related to Buddy personal loan. After reading all the information carefully, you will have to click on the option of apply now.
- Now a new page will open in front of you in which you will have to enter all the necessary information asked by the Buddy Loan App.
- Use Bad Buddy Loan App. Loan limit will be offered as per your civil score. To avail this loan limit you will have to click on Continue button.
- Now the loan application form will open on your screen and all the information required by the buddy loan app will have to be entered correctly.
- You will have to complete the KYC process through Aadhaar card by uploading the required documents.
- Use bad loan amount and enter loan period.
- After that, you will have to set up E-Nach to auto debit the loan payment.
- After completing all these steps your loan application form will be ready.
Interest rate for taking mobile loan
If you have taken a personal loan of up to Rs 5 lakh through mobile, the interest rate on this loan can vary from 11.5% to 30% because all banks and NBFCs provide personal loans at different interest rates. Apart from this, the interest rate given by all banks and even NBFC personal loans depends on the civil score of the applicant.
conclusion –
In today’s article, we have given you all the information about how to take loan from mobile and we have explained the entire online process in full detail so that you can easily take loan from mobile and can avail its benefits. Friends, if you like this information then please share it.