Buddy Loan App Review 2025: Confused whether the Buddy Loan App is real or fake? Read our 2025 Buddy Loan App Review with details on eligibility, documents, complaints, foreclosure, and step-by-step loan application process.
Buddy Loan App in 2025 continues to be one of India’s popular personal loan aggregators, connecting users with trusted lenders for quick loan approvals. The app claims to provide instant personal loans up to ₹15 lakhs with flexible repayment options and competitive interest rates. It has a user-friendly interface, paperless KYC process, and a wide range of partner banks and NBFCs, making it convenient for salaried and self-employed users alike.
When reviewing Buddy Loan, it appears genuine and safe, as it doesn’t lend directly but acts as a bridge between borrowers and RBI-registered financial institutions. The app has positive reviews for its fast processing and data security measures. However, approval and loan terms depend on your credit score and lender policies. Overall, Buddy Loan App is a legitimate platform for comparing and applying for personal loans online in 2025.
What is Buddy Loan App?
The Buddy Loan App is not a direct lending platform but a loan marketplace. It connects borrowers with multiple RBI-registered banks and NBFCs that offer personal loans. Instead of giving the loan itself, it acts as a bridge between the customer and lenders, helping users find the best offers based on their profile.
Key Features of Buddy Loan App
- Personal loans up to ₹15 lakh
- Flexible repayment tenure of 3 months to 5 years
- Entire process is 100% online
- Available for both salaried and self-employed professionals
- No collateral or guarantor required
- In-app credit score check and EMI calculator
How to Apply for a Loan in Buddy Loan App
- Download the Buddy Loan App from Google Play Store or App Store.
- Sign up using your mobile number and email ID.
- Enter the loan amount and preferred tenure.
- Upload required documents like Aadhaar, PAN, income proof.
- Buddy Loan forwards your request to partner banks/NBFCs.
- Once a lender approves, the loan is credited to your account.
Eligibility Criteria
- Indian citizen aged 21–60 years
- Stable income source (job or business)
- Valid KYC documents (Aadhaar, PAN, Bank details)
- Higher approval chances with a CIBIL score above 650
Steps for Faster Loan Approval
- Ensure all details match your documents
- Apply for an amount suitable for your repayment capacity
- Maintain a good credit history
- Use pre-approved offers if available
Downloading the Buddy Loan App
- Visit the Play Store (Android) or App Store (iOS)
- Search for Buddy Loan
- Install and complete registration
Documents Required
- Aadhaar Card
- PAN Card
- Bank statements/Salary slips/ITR
- Address proof
- Passport-size photo
Is Buddy Loan App Real or Fake?
The Buddy Loan App is genuine, but remember it is a loan aggregator, not a direct lender. Since it works only with RBI-authorized financial institutions, it is safe to use. However, the actual loan approval depends on the lender’s policies.
Common Complaints About Buddy Loan
- High interest rates from partner lenders
- Multiple follow-up calls from banks/NBFCs
- Approval depends heavily on credit score
- Varying processing fees depending on the chosen lender
Contact Details
- Website: www.buddyloan.com
- Email: info@buddyloan.com
- Customer Care: Available inside the app
Buddy Loan Foreclosure Policy
Since the loan is provided by partner lenders, the foreclosure terms vary. In most cases, borrowers can repay early by paying the outstanding loan plus foreclosure charges (if applicable). Always confirm with the specific lender before foreclosing.
Is It Safe to Borrow from Buddy Loan?
Yes, it is safe as long as borrowers carefully review the interest rates, fees, and repayment schedule of the lender they choose. The platform only connects users with trusted financial institutions.
Final Review – Buddy Loan App 2025
The Buddy Loan App can be a useful tool for comparing and applying for personal loans. While it doesn’t lend directly, it makes the process easier by showing multiple offers in one place.
Pros:
✔ Multiple offers in one app
✔ Fully digital loan process
✔ No collateral required
Cons:
✘ High interest rates from some lenders
✘ Marketing calls from multiple banks
✘ Approval depends on individual lender policies
Buddy Loan App Important Links
Buddy Loan App Official Website: Click here
Download Buddy Loan App from Google Play Store: Click Here
Download Buddy Loan App from iOS App Store: Click Here
Conclusion
If you want a quick and paperless loan application process, the Buddy Loan App is a good option. It is safe, real, and helpful, but you must compare offers carefully before choosing the lender to avoid high interest charges.
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FAQs
Q: Who is eligible for Buddy Loan?
A: Indian citizens between 21–60 years with stable income and valid KYC documents.
Q: How can I close my Buddy Loan?
A: You need to contact the lending partner directly and request foreclosure.
Q: What is the interest rate for Buddy Loan?
A: It usually ranges from 11% to 36% per annum, depending on lender and credit profile.
Q: What is the Buddy Loan customer care number?
A: Support is available via the app or official website.
Q: What is the age limit for applying?
A: Applicants must be 21 to 60 years old.
Q: What is the maximum loan amount available?
A:Up to ₹15 lakh, subject to lender approval.