What documents are required to apply for a Two-Wheeler Loan at Buddy Loan? There are various factors to enhance your eligibility of availing a two-wheeler loan. Documents are important to evaluate your loan request. The best way to increase these chances is by arranging your documents before you apply for a loan. Buddy Loan is widely known for its loan approval rate in the industry. 80% of personal loan requests are approved across the country by Buddy Loan. Download Buddy Loan app and earn exclusive rewards to earn points for shopping. You can apply for a personal loan at the comfort of your home and upload your e-documents through Buddy Loan app. At Buddy Loan, you can apply for a personal loan from a bank or NBFC. They disburse loans with low interest rates starting at 11.99% p.a. The loan repayment is easy with a comfortable loan tenure of 3 months to 5 years.
Documents required for personal loan Banks and any NBFCs require documents to process your loan requests. Submitting the right set of documents and on time can save you a ton of time and increase your loan eligibility. You do not have to waste your time on looking around for your documents in the last minute. The documents required to get a personal loan are listed below: Identity proof is a must to evaluate your primary details and proof of it. The supporting documents are Aadhar Card, Passport, or voters ID card or PAN card Address proof is required to assert your identity and area of residence. In case of any discrepancy or doubts during the verification, these documents serve well. The supporting documents are voter’s ID card, Aadhar Card, electricity bill, utility bill, rental agreements, property purchase documents, water bill, telephone bill, etc. Income proof is relevant to assess your eligibility of loan repayment. Those who are self-employed can provide tax documents. For salaried, the last 6 months’ salary slips or bank statements can serve as income proof documents.
Documentation process Today, loan approvals are completely online and quick. It only takes a few minutes to evaluate your profile and tick the loan eligibility criteria for you. Once you download the Buddy Loan app, you fill in the primary details. The dashboard further redirects you to the “upload document” section. On submitting your e-application, in 15 minutes you will receive your acknowledgement.
Conclusion Banks and NBFCs provide 100% finance support if you only help them process your loan request with the right set of documents. Buddy Loan app is one of the most commendable apps to apply for a personal loan.