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How can my credit score impact the calculation of my loan amount?

There are ample factors that affect your loan amount. However, credit score is a direct impact before your loan approval is granted. Credit score can either help or affect your instant personal loan . Buddy Loan is one of the loan aggregators that will help you enhance your credit score with vivid repayment options. Your financial behavior will chain your financial plans to help build credit score. Here are some key factors you will have to consider before availing an instant loan.   Income liquidity: This factor can assess your capacity to repay an instant personal loan . It is one of the assurances you can give your lender for repayment. Age: It is important you are under the brackets of this eligibility criteria to avail a personal loan easily . If your age exceeds the criteria, your loans will be easily rejected. Job instability: If you are repeatedly changing jobs it could be difficult and can even reject your financial institution.   With all the prim...

What is the meaning of co-applicant?

A co-applicant, as the name itself suggests, will act as an additional application/applicant for the loan that you are borrowing. Having a co-applicant will increase the chance of approving the loan, and the amount that you want to borrow. However, do check out the best EMI options open in  Buddy Loan  as this aggregator disburses instant personal loans at lower interest rates and good loan tenure.  A co-applicant can become a co-borrower once the loan is approved. Which means the loan amount can be shared among both of you. It must be a family member or an immediate family member. Now that you have a fair idea of the co-applicant let's see how a co-applicant is different from a co-signer. The difference between co-applicant & co-singer:  Co-signer is a person who acts as a guarantor in case of the primary applicant cannot repay the loan, that is to make sure there is an additional way of getting the money back. Whereas a co-applicant will ...

Can I get a personal loan for travel?

Joy of travelling levy’s the character or expands your personality. On account of business if you wish to explore places the greatest place to begin is from a click. Get that instant personal loan for all your travel coverage. To avoid the confusion, Buddy Loan , one of the biggest loan aggregators in India disburses travel loans at lower interest rate starting at 11.99%p.a. with customized EMIs. The loan tenure stretches from 3 months to 60 months where you can enhance your credits score. Also, meet your financial shortcomings with a loan amount extending up to Rs. 15 lakhs. This article helps you reason out why you need instant personal loan over other factors to help you during financial shortcomings!   Why choose a personal loan?   Why don’t you choose a personal loan instead of spending your savings and fixed deposits on travelling while there are better means to use for travelling? Well instant personal loan is such a kind that covers the below expenses ...

Can I get a personal loan for marriage?

Marriageloans are simply designed to meet your wedding expenses. Pretty often, there is a concern between where can I get a personal loan for wedding or how much loan should I avail for marriage? To avoid the confusion, Buddy Loan , one of the biggest loan aggregators in India disburses marriage loans at lower interest rate starting at 11.99%p.a. with customized EMIs. The loan tenure stretches from 3 months to 60 months where you can enhance your credits score. Also, meet your financial shortcomings with a loan amount extending up to Rs. 15 lakhs. This article helps you reason out why you need instant personal loan over other factors to help you during financial shortcomings!   Why choose a personal loan? Marriageloans can be used in different parts of the wedding celebrations. However, there came no restrictions ever with specifically using marriage loans . The reason to avail a personal loan is it instant and helps you cope up with financial shortcomings. Indian...

Can I get a personal loan for home renovation?

Any one can avail a home improvement loan, quite inclusive, isn’t it? If you’re looking forward to remake your studio apartment, or the refurnish the house, office and more, you could just opt for an instant personal loan. To avoid the confusion, Buddy Loan , one of the biggest loan aggregators in India disburses home refurbishment loans at lower interest rate starting at 11.99%p.a. with customized EMIs. The loan tenure stretches from 3 months to 60 months where you can enhance your credits score. Also, meet your financial shortcomings with a loan amount extending up to Rs. 15 lakhs. This article helps you reason out why you need instant personal loan over other factors to help you during financial shortcomings!   Why choose a personal loan?   Covering your moving costs, make heavy duty furniture purchases at one go, renovations can cost close to minimum Rs. 1 lakh. Would you still use your savings? Or use for something more durable like for emergencies and insur...

What is an EMI?

An EMI is one of the first things that comes to your mind when you think of Loans, be it personal, business, vehicle, marriage, home, or business. However, before we proceed with EMI, note on one of the best loan aggregators in India,  Buddy Loan  is disbursing instant personal loans at a faster rate and with lower interest rates starting at  11.99%p.a . Their  repayment options are better than ever  and help you get an EMI option based out of your convenience and capability.   EMI Acronym  EMI stands for Equated Monthly Instalments, which as the name itself suggests it is the amount that you pay back your lender every month on a fixed date.  EMI will be calculated based on main factors like Loan Amount taken, Tenure and Interest rate. Tenure is nothing but the time taken to clear the loan, more the tenure period, EMI will be less and vice versa. But the interest amount will increase in such ...

I don’t have PAN card. Can I still get a home improvement loan?

A PAN card comes under the KYC category. Expanded as Know Your Customer, KYC documents serve as a way to identify and verify a customer for banks and lending institutions Availing a loan through loan aggregators can suffice your financial needs with a PAN card. It is mandate that any loan is to be approved over PAN details. Moreover, Buddy Loan encourages the borrowers to keep their PAN card handy while applying for a loan. Documents that come under KYC are ration card, driving license, PAN card, passport, AADHAR card etc. So, a home improvement loan can be got even without providing a PAN card. Documents required for home improvement loan Different banks have different requirements. The following is a list of the general set of documents that may be required by all banks for furnishing your Home improvement loan . • Application form for the home improvement loan . Passport size photographs. • Salary receipts of past 3 months along with Income Tax Return or Form 16. • Ba...