Over 200,000 people have experienced the convenience of personal loans with Finance Buddha. Loan Disbursal in 24 hrs Only.

2500cr Loans
14 Cities
200,000+ Customers
35 Banks / NBFC's

We have a simple online application

A simple,quick and easy process
1

Apply Online

Fill your name, mobile, salary/income, company etc.

2

Get Instant eApproval

We will send a approval sms within 2hrs. Upload your documents for verification.

3

Loan Disbursal

Signing of loan agreements and coordinating funds transfer.

To apply for insta loan,you'll need:
  • Full Name
  • Address Information
  • Income Information
  • Bank Statements
  • Payslips

Insta Loan – Online Personal Loan from Finance Buddha

Are you concerned about where to apply for a personal loan online? Confused about how to get urgent personal loan? It’s time to explore what Finance Buddha's online loans can offer to you when you are in emergencies. When you are in emergency every second counts and getting money in a hassle-free manner will be the need of the time. With the help of Finance Buddha’s Instant Personal Loan facility there is no need to visit any of our branches and fill forms for getting a loan approved. As an applicant, you just have to fill the easy online application form and apply for the loan. Once this is processed loan will be approved and disbursed on the same day.

Finance Buddha now offers Loans Online with Instant eApproval

We have brought our experts together with top notch competence, loan management and time management skills to deliver high quality services through our online loans facility. Finance Buddha assist all individuals with various types of loans such as business loan, home loan, personal loan, business loan and more. With the high demand for instant online loans, we have extended our services to this stream. This is to make sure we provide more and more opportunity for those who are keen to take loans for any emergencies. Make use of this online service get personal loan online today.

Insta Loan Details

Insta Loan Details
Minimum Loan Amount INR 50,000
Maximum Loan Amount INR 1,000,000
Minimum Tenure 12 months
Maximum Tenure 24 months
APR 15.50% - 24%
Fees & Charges Processing Fee - 1.50% to 2.00% + Service Taxes

How does Instant Personal Loan from Finance Buddha works?

The minute you decide to take an Insta Loan, visit Finance Buddha website and simply fill the easy application form online. Once you submit the form, the details provided by you will be scrutinized internally by saving your time and effort and will let you know if you are eligible for an instant loan and the best offer available for you. Your loan application will be processed and disbursed in 24 hours.

The 5 simple steps are:

  1. Apply online.
  2. Get advice on your best offer.
  3. Complete the documentation required.
  4. eSigning of Loan Agreement.
  5. Loan Disbursal.

Features & Benefits of Insta Loan

Some of the highlighting features and benefits of online loans are:

  • Loan amount starting from ₹ 50,000 to ₹ 1,000,000.
  • Loan tenure up to 2 years.
  • No Physical Documentation required.
  • Quick processing of loan amount.
  • Amount will be credited to the applicant’s account instantly after final approval.
  • Monthly payment is inclusive of EMI plus service taxes.
  • Interest rate varies from 16% to 24% depending on the applicant’s eligibility.
  • Ideal option in case of emergencies like medical, wedding requirements, vacations, in case of accidents and so on.

Eligibility Criteria for Insta Loan

Eligible Criteria

Salaried

Self-employed Professionals

Age (Min-Max)

25-60

25-60

Income

₹ 400,000

₹ 600,000

Employment

Fulltime with at least 2 years of experience

At least 5 years of earning turnover

Documents Required

3 months Bank Account Statement/ Latest Electricity Bill/ Latest Telephone Bill/ Latest Credit Card Bill/ Employers letter certifying current mailing address/Passport(Valid)- provided the passport address is present address mentioned in application form / Existing Registered House Lease/ Government I-card with photo

3 months Bank Account Statement/ Latest Electricity Bill/ Latest Telephone Bill/ Latest Credit Card Bill/ Employers letter certifying current mailing address/Passport(Valid)

 

Eligibility basically means ‘Fit to be chosen’. That implies are you worthy for which you are applying. Insta Loan is a kind of personal loan which is generally taken by a person in case of any emergency. These emergencies can be of many types like medical emergency, travelling emergency, to bear any urgent wedding requirements and many more like this. In this kind of emergency people want money urgently so Finance Buddha has come up with Insta Loan. Finance Buddha's online loans are an unsecured loan that means you have not to give any guarantor or any kind of property as guaranty. Hence it becomes more important for any financial organisation to check the eligibility of the borrower before they give them the loan in order to determine whether they would be able to repay the loan or not. This is a big point to be considered. So there are many factors on which your Insta Loan eligibility depends.

Factors on which Insta Loan Eligibility depends:

Age

The younger you are your probability of getting loan is more you have. As when you are young the bank or any financial organisation thinks you are more capable of repaying the loan. In the case of Insta Loan whether you are a salaried employee or you are self-employed your age should be between 25 to 65 years.

Income

Your income is the most important factor on which your Insta Loan eligibility depends. The more you earn, more is the possibility of timely repayments. In case of Insta Loan if you are a salaried person your yearly minimum income should be INR 400,000 and if you are a self- employed person your minimum income should be INR 600,000.  

Employment

Employment stability is also an important factor on which your Insta Loan eligibility depends. For the Insta Loan if you are salaried person you should have at least 2 years of full time work experience in your current profession. And if you are a self-employed person then you should be having at least 5 years of earning turnover.

Credit Rating/CIBIL Score

Your credit rating holds a lot of value. It reflects your financial borrowing history and your repayments history too. If your credit score is high your probability of getting a loan is more. Generally 750 credit score is considered good. If you are have a CIBIL score less than 750 then your chance is also less, and in some case you may get loan at this credit rating also but then your interest rate will be somewhat high as compared to others.

Employer

The employer with whom the candidate (borrower) is working with is the most ideal approach to gauge the believability of the candidate. Being a piece of rumoured and high turnover organizations is an advantage with regards to applying for the Loan.

Documents Required for Insta Loan

Along with meeting the eligibility criteria, you will still require to submit some documents so that we can confirm the identity of the applicant along with other criteria. This is compulsory, and the below documents should be furnished upon request.

Document Type

Individuals

Firms, Partnerships

Identity Proof

PAN card, Passport, Driving License, Aadhar Card, Voter ID, Govt. issued ID-card

PAN card, Passport, Driving License, Aadhar Card, Voter ID, Govt. issued ID-card

Certificate and Proof of Business Existence

Not applicable

PAN , sales tax/ excise/ VAT/ service tax registration, Copy of partnership deed, Trade license, certificate of practice, registration certificate issued by RBI, SEBI

Address Proof

Passport, Driving License, Election ID card, Electricity/ Telephone/ Mobile bill

Bank statement, utility bill, Registry copy, lease or rent agreement, TAN allotment letter

Income Proof

Bank statement (not more than 3 months old)

Bank statement (not more than 3 months old)

Age Proof

PAN card, Passport, Driving License, Voter id card, Birth certificate, Employee ID card (only for PSU/ Government employees), School/ college leaving certificate

PAN card, Passport, Driving License, Voter id card, Birth certificate, Employee ID card (only for PSU/ Government employees), School/ college leaving certificate

 

Insta Loan Tenure, Loan Amount & Interest Rates

Interest rate is the portion of principal loaned amount which any lender whether it is a bank or any NBFC charges as profit (interest) to the person who is borrowing from them. Generally it is charged on annual basis. Normally if the borrower is at low risk i.e. the lender finds it that they can easily repay the loan then the interest rate is low. And if the lender finds that the borrower it at high risk then they charge high interest rate to them. There are many factors which decide the interest rate of any kind loan some of them in case of Insta loan are as follows.

Factors Deciding the Interest Rate of the Insta Loan

Loan amount and Income of the individual who is applying for the loan

Suppose a person having a yearly income of INR 4 Lakhs applies for a loan of INR 6 Lakhs in a tenor period of 2 year. Then for the lender it is a risky case as in this case there is more possibility for defaulting. So for being on safe side the lender will charge more interest rate from that person as compared to others. So for the interest rate the loan amount and individual income plays a very important role.

Tenor Period

Tenor period is also one of the important factors which play an important role in determining the interest rate. If the tenor period is less the interest rate will be high and if the tenor is long then the interest rate will be low. This is simply a case of vice-versa.

Credit Rating

Each and every lender or financial institution checks your credit score when you apply for a loan. The credit score always reflects your present as well as past financial borrowing history and your repayments as well. If you are having a low credit score that means your monthly repayments regarding any of your previous loans were not on time. And when you are having a good credit score (750+) then you are a good borrower and you were timely repaying your monthly EMIs.

Fees and charges on the Insta Loan

Apart from the interest rate there are some other fees which are charges for Insta loan. These are:-

Processing Fees

Every borrower has to pay the processing fees.  Processing fees is a charge that passes on expenses to the borrowers for getting documentation, evaluations, work and record of loan repayment, or some other data essential for the lender's endorsing office This is non-refundable. The processing charge for Insta Loan is 1.50% to 2.00% of the loan amount in addition to service taxes.

Part payment and part pre-payment

In case of Insta loan Finance Buddha also provides part payment and part pre- payment options. But terms and conditions apply. This charge depends on many factors such as the principle loan amount, the outstanding amount, monthly EMIs and so on.

Delayed Payment Charges

There is always a penalty charge for delay in payments. As same as others Insta loan is also having some penalty charges for delay in payment this depends on the outstanding loan amount with us. This late payment doesn’t leads to penalty only but it leads to a bad credit score as well. This can affect you in future when you will apply for some other loan. To avoid these charges and difficulties you should also pay EMIs regarding any kind of loan on time.

Interest Rate by Lender type

Basically there are two types of lenders, they are:-

  • Secured Lender
  • Unsecured Lender

Secured Lender

Secure Lenders are those who lend money to any borrower by taking something as a guaranty for that loan. That guaranty can be anything. It can be a movable property like car or unmovable property like house etc, whose ownership is with the borrower. In case if the borrower is not able to repay the loan as decided then the ownership of that particular property will get transferred to the lender. Hence these kinds of loans have lower interest rate as compared to that of others loans.

Unsecured Lender

On the other hand unsecured lenders are those who lend money to their borrower without taking anything as guaranty. These lenders are at high risk as compared to that of secured lenders, so the interest rates of these Lenders are high. When the borrower is not able to repay the loan then the lender is left with no option other than legal action.

Insta loan is among such loans. It is a kind of unsecured loan for which you don’t have to give something as guaranty. Because of this very reason the Interest rate of the Insta loan is high as compared to other loans. The interest rate of Insta loan is also dependent on some other factors as tenor period and all which are already mentioned above in details.

The tenure, loan amount and interest rates depend on the eligibility of the applicant. If the applicant has good credit scoring and income, then the rate of interest will be low, approved loan amount will be high, tenure can be anywhere between 1 year to 2 years as per the applicant’s requirement. Depending on the different criteria the interest rate ranges from 16%-24% p.a.

Get Online Loans in Emergency Situations

Here are some of the different emergencies situations for which online loans can be applied for. This money will be available immediately for emergency uses.  We do not require any physical documentation for processing these loans as all need to be uploaded online and the rate of interest will be usual or slightly higher than normal- these are dependent on the individual’s eligibility for loan.

  1. Medical emergencies
  2. Urgent travel
  3. Wedding expense emergencies
  4. Quick need of fund for overcoming any arrest or imprisonment
  5. To repay any interest debt and so on.

Online Loans v/s Conventional Personal Loan: Know the Difference

  1. In online loans no physical documentation is required where as in general personal loan physical documentations are required at many stages.
  2. Processing and loan disbursal is very fast in online loans which is generally from 24 to 48 hours, but in the case of personal loan the processing takes much more time than the online loans and can be between 3 to 5 days depends on the financial institution with which you have applied.
  3. Online loans are best option in case of emergency situations like medical emergency, travel emergency or any kind of financial emergency. When you are in any emergency then time matters for you a lot and for that online personal loan is best as it is having quick disbursal. Whereas the personal loan from a bank/NBFC can be availed for any personal requirement but for emergency we can’t rely on the disbursal speed of the loan.
  4. Online loans are being offered by only few organisations like Finance Buddha and bank like HDFC. In case of Finance Buddha for online loan the loan amount can be from INR 50,000 to INR 10, 00,000. And in case of HDFC Insta Loan, your loan amount depends on your credit card limit. Whereas in case of personal loan you are having many options i.e. many banks to go with. And in that case your loan amount depends on the bank with which you have applied.
  5. As regards the interest rates and tenor period, for online loans the rates are somewhat higher than general personal loan as the tenor period is less as compared to that of the personal loan.
  6. In online loans you don't have to visit any place even for a single time. All you need to do is visit the website, from a place of your comfort at your choice of time and with just a few clicks you can apply for loans online. In the event of you providing all the required details correctly and you satisfying the required eligibility criteria, you will have the loan amount disbursed to your account within 24 hours of approval, which by the way also happens online.

FinBud Insta Loan v/s HDFC Insta loan: What’s the difference?

  1. HDFC Insta loan is only for the pre-existing customers who are having HDFC account and HDFC credit card. Whereas for availing FinBud Insta loan no particular bank account is required. The only thing required is you should fulfil the eligibility criteria.
  2. For HDFC Insta loan zero documentation is required as HDFC gives Insta loan only to their pre-existing customers so they are already having all the details of the customer, whereas for the Finance Buddha Insta loan there is paperless documentation. In this you have to upload the scanned copies of all the required documents on their website.
  3. For HDFC Insta loan the loan amount can be blocked only against your credit card limit. That means you can have a limited loan amount as per your credit card whereas in FinBud Insta loan there is no such restriction you can have loan from INR 50,000 to INR 1,000,000. There is no such limit as HDFC.
  4. HDFC is having attractive interest rates and flexible repayment options and flexible tenor period too but FinBud Insta loan is having fixed tenor period which is between 1 to 2 years and interest rate is lower as compared to the other Insta loans.

Why should anyone apply for loans online through Finance Buddha?

While there are many ways to apply for a loan, many still prefer Instant loan through Finance Buddha, the reason for this is pretty simple and straight forward. In case of emergencies situations nobody will have time to run to banks and financial institutions to get the application form, apply for the same, submit documents and wait for approval. All the services will be taken over by Finance Buddha. You just have to visit Finance Buddha platform, apply for the instant loan by filling all necessary information and get the same approved within the same day.

Finance Buddha’s Insta Loans are essentially 100% online loans, in which all the steps involved are done online both on the applicant’s side as well as the lender’s side. The applicant has to apply online, upload the documents online as well as the signing of the loan agreement is also done online. On the lender’s side, Finance Buddha, once the application is received, it is processed online. Finance Buddha’s proprietary algorithm works in the background to determine the eligibility of the applicant and the best offer available, if eligible, post which the application gets approved. The removal of the human element from the approval process significantly improves the time involved, reducing it to a maximum of 2 hours. Once all the documents are received from the applicant, they are once again scrutinized by our algorithm to verify their authenticity. As soon as the processing is over, the applicant receives the confirmation and the disbursal of loan amount soon after.

Taking the loan process completely online has not only reduced the time, but has made the application process more streamlined, easy and completely hassle-free. There is no need of any physical visits or documents as the process is completely online throughout. This has also increased the availability of online loans to more and more people. Finance Buddha’s online loans provide people the comfort and freedom to apply from a place of their comfort at a time of their choice. The availability of loans (to eligible applicants) within 24 hours of applying makes Finance Buddha’s Insta Loan ideal for those who are in urgent need of money and do not have the time and means to go through a conventional personal loan process.

INSTA LOAN FAQs

What is the Insta loan facility from Finance Buddha?

Insta loan is the facility provided by Finance Buddha in which you can have the loan disbursal on the same very day you apply for it. It is the quickest disbursed loan ever. It is completely paperless and the whole process is completed online.

How the Finance Buddha Insta Loan facility works?

Finance Buddha Insta loan facility works in a very efficient way. The borrower has to apply for the Insta Loan through the Finance Buddha portal. The borrower has to fill an easy application form which will include information regarding your personal details. You details will be shared to the banks immediately, they will go through you form and if they found you eligible you will be informed via call or msg. and your loan application will proceed within 24 hours.

Easy steps in which Finance Buddha works :-

  1. Apply online
  2. Complete the documentation
  3. Loan Disbursal

Is it safe to borrow online from Finance Buddha?

Yes it is definitely safe to borrow from Finance Buddha. All your documents are kept confidential. It is a completely safe and easy process. The transaction is completely private.

Are my personal and financial information safe with Finance Buddha?

Finance Buddha’s top most priority is their customers. They maintain certain privacy policy for their clients. All your personal and financial information are kept confidential. You need not to worry about any privacy issues.

Why Borrow from Finance Buddha rather than a Bank?

Finance Buddha is having proper Loan management and time management skill. It will provide you high quality service with all their skill and team work. The best part about borrowing from Finance Buddha is that you don’t have to visit any bank or even our office, even a single time. You have to apply online from the Finance Buddha portal for the loan. The second best part is that the documentation is completely online. Thirdly and most importantly, the loan approval process gets completed within 2 hours of applying, thanks to our proprietary algorithm. The entire Insta Loan process being online is very seamless, simple and quick without any hassles.

What are the advantages of borrowing personal Loan online through Finance Buddha?

Personal loan is available with many banks and NBFCs but there are certain advantages when you apply online with through Finance Buddha. Those advantages are as follows:-

  • No physical documentation is required.
  • Quick processing.
  • It is the best option in case of any emergency.
  • Normal interest rates are provided.
  • Hassel free and smooth processing.
  • You don’t have to visit Bank.
  • Loan amount starting from INR 50,000 to INR 1,000,000.
  • It can be availed in case of any emergency requirement like medical, vacation, wedding and so on.

How do I apply for Insta Loan online?

You have very simple and easy steps to apply for the Insta loan online. You just have to go to the Finance Buddha website apply for the Insta loan by filling the online application form, fill all the details whatever is required over there. Uploaded the scanned copy of the documents which are required, and you are done now.

What happens after I apply for Insta Loan online?

Once you apply for Insta Loan online, our proprietary algorithm will use the details provided by you to determine your eligibility for the requested amount and instantaneously let you know. If you satisfy all the eligibility criteria, you will be sent a link to continue your application process by providing your details and uploading the documents required. Once we receive the details from you, our dedicated team will go through your details and verify all the information provided. Once all this has been done, you will receive a confirmation about your loan details and your loan will be disbursed within 24 hours.

How long does it takes for Insta Loan to be disbursed in my account?

It takes only 24 hours for Insta Loan to be disbursed in your account, after the loan application has been processed.

What are the purposes for which I can avail an Insta Loan?

Insta Loan can be availed for many emergency conditions some of them are:-

  • Urgent travel
  • Medical emergencies
  • Urgent wedding expenses
  • Quick need of fund for overcoming any arrest or imprisonment
  • To repay any interest debt and so on.

What is NACH Debit?

NACH Debit is the product of NPCI to provide a better & efficient Mandate based debit services to the banks.

Following are the key features of the NACH Debit:

  1. Automated processing and exchange of mandate information electronically with well-defined timelines for acknowledgement/confirmation.
  2. Each mandate needs to be accepted/authorized by the debtor bank before the user can initiate a transaction.
  3. Each  mandate  is  uniquely  identified  by  Unique  Mandate  Reference  Number  (UMRN) which makes tracking of multiple mandate details easier for customers.
  4. Defined and agreed SLAs to be implemented provide Governance model and defined timelines for mandate processing.
  5. Enable the usage of standardized Mandate Forms.
  6. Mandate repository containing Mandate details to be maintained for the purpose of Validating mandate UMRN available on the NACH transaction files, at the time of NACH transaction processing.
  7. MMS would allow processing of debtor and creditor initiated mandates.
  8. MMS  would  allow  processing  of  emendates  as  well  as  paper  mandates,  where  emendates would consist of only data file upload while paper mandates would consist of mandate  image  and  Data  file  uploads.
  9. Emendates can be initiated only by a debtor bank.
  10. Bank can leverage on the existing CTS instrument scanning infrastructure for scanning and maintaining repository of the mandates images.

What is NACH OTM mandate form?

NACH OTM mandate form is a onetime mandate form that should be filled by the client for enrolment under NACH. The form consists of some details that one must enter correctly. Those details are:

Personal Details – Name, Email Id, mobile number, signature as submitted in bank.

Bank Details- Bank name, Branch, Account number, IFSC/MICR Code

Folio Details- Folio Number, application number

Limit Details-daily maximum limit

Period- The effective time span of the mandate. From starting date to end date.

How to submit NACH mandate form?

For submitting your NACH mandate form you just have to provide signed copy of the NACH mandate form to Finance Buddha.

How NACH is beneficial for a customer?

NACH has been introduced to facilitate whoever is involved in any bulk or high volume payments. From bankers to customers or even organizations all are benefited with the NACH.

  • If you are a customer than NACH will benefit you in following ways:-
  • No manual procedure required here.
  • Quicker process and less demanding than prior procedures.
  • No compelling reason to recall the due dates for instalments like power bills, telephone and charge card charges, premium instalment thus numerous instalments on time through programmed exchange by means of enrolled banks.

Is my loan reported to credit authorities?

Yes your loan is reported to all the top most leading authorities of INDIA like CIBIL, Equifax and Experian.

How is EMI calculated for Insta Loan?

The full form of EMI is Equated monthly instalments. It is basically the money which is paid monthly to the banks to repay our Loan amount.

Its calculation depends on various factors such as the Loan amount (principle), the tenor period, and the interest rates.

The formula for calculating EMI is-

[P x R x (1+R) ^n] / [(1+R)^ n-1]. Where p is the principal amount, R is the rate of interest and n is number of monthly instalments.

What will happen if I miss my Insta Loan repayment?

The company will impose certain ECS bounce charges or penalties. Moreover it will get mentioned in your credit report. Contingent upon the seriousness of the default it can have genuine effect on your future credit potential outcomes like a home advance, personal loan and so on. What's more, the banks can likewise make lawful move against the borrower. Legal actions can also be taken against the borrower by the company.

What are the interest rates for Finance Buddha Insta Loan?

The interest rate for Finance Buddha Insta Loan varies from 16% to 24% per annum.

What are the fees and charges associated with Finance Buddha Insta Loan?

The fee and charges associated with Finance Buddha is

Processing Fee: 1.50% to 2.00% + Service Taxes

What is Annualised Percentage Rate (APR)?

APR stands for annual percentage rate which refers to the fixed interest rate for the whole year. Not only for a month. That means according to APR your annual interest rate will be fixed which cannot be varied in any of the month. It is applied on mortgage loan, Loan, credit card etc.

Are there any late fees for the Insta Loan?

Yes, late fee is charged for the Insta Loan which will depend upon your Loan amount and Interest rate and so on.

What is the minimum and maximum amount that I can get through Insta Loan?

The minimum and maximum amounts that you can get through Insta Loan are:-

Minimum Loan amount – INR 50,000

Maximum Loan amount – INR 1,000,000

What are eligibility criteria for Insta Loan?

The eligibility criteria for Insta Loan are as follows:-

  • Income Criteria

For salaried person your yearly income should be minimum INR 400,000.

For self-employed you yearly income should be minimum INR 600,000.

  • Age Criteria

For salaried individual the age should be 25-60 years.

For self-employed the age should be 25-60 years.

  • Employment Criteria

For salaried person a full time job with at least 2 years of work experience.

The Documents required for Insta Loan are as follows: - For self-employed a minimum of 5 years of earning turnover.

Does my Insta Loan eligibility depend on my CIBIL score?

Yes your Insta Loan eligibility also depends on your CIBIL score. For the approval of your Insta Loan your CIBIL score should be at least 750. But your final eligibility will depend on other factors too such as your income, your age and your current location also matters.

In which cities Insta Loan facilities by Finance Buddha are available?

Insta Loan facility by Finance Buddha as of now is available in the following cities:-

Ahmedabad, Delhi, Hyderabad, Chennai, Mumbai, Bangalore, Faridabad, Ghaziabad, Pune, Indore, Surat, Coimbatore, Jaipur, Gurgaon, Chandigarh, Mohali.

Are pre-payment and part-payment facilities available for Insta Loan?

Yes, prepayments and part-payments are available for Insta Loan, but under there are terms and conditions.

What are the documents required for Insta Loan?

  1. For Salaried Employees
  • Bank Account Statement.
  • Latest Electricity Bill/ Latest Telephone Bill/ Latest Credit Card Bill.
  • Employers letter certifying current mailing address.
  • Passport (Valid) - provided the passport address is present address mentioned in application form.
  • Existing Registered House Lease.
  • Government I-card with photo.
  1. For Self-employed Individuals
  • Bank Account Statement.
  • Latest Electricity Bill/ Latest Telephone Bill/ Latest Credit Card Bill.
  • Employers letter certifying current mailing address.
  • Passport (Valid)

What is the minimum and maximum tenor for Insta Loan?

The minimum and maximum tenors for Insta Loan are 12 months and 24 months respectively.

Under what conditions can I be denied an Insta Loan?

You can be denied an Insta Loan, if you fail to meet the required eligibility criteria like:-

Age criteria - If you are a salaried employee and your age is not between 21 to 60 days or you are self-employed and age is not between 25to 65 then your Insta Loan application can be denied.

Employment Stability - If you are salaried person and your work experience in current profession is not more than 2 years, or if you a self-employed and your total tenure of earning is less than 5 years then also your Insta Loan application will be denied.

Credit Score - Your credit rating holds a lot of value. It reflects your financial borrowing history and their repayments. So if you are having a bad credit history then you will be denied for Insta Loan.

Monthly Income - If your monthly income is less than 50,000 then also you will be denied for the Insta Loan.  

Can I get an instant personal loan with a bad credit?

No, you cannot get a Loan with a bad credit as bad credit score implies that:

  • You are financially unstable, that is you are not able to manage your finances
  • You have a bad repayment history, that is you have not been paying/paid your other loan(s) regularly in the past, hence there are increased chances that you would not be able to repay this loan properly (if sanctioned to you)
  • Your monthly fixed obligations are greater than or equal to 35% of your monthly income

When can I borrow again through Finance Buddha?

You can borrow anytime again, provided that you still satisfy all the required eligibility criteria for what you have applied.

How do I contact Finance Buddha?

You can contact Finance Buddha at-

Telephone: (080) 4090 9654

Email:

For customer relations: support@financebuddha.com

For others: info@financebuddha.com  

How do I track my loan application status?

For tracking your Loan application Login to your finance Buddha account using your credentials and go to My Applications tab to see your:

  • Applied Loans
  • Current Loan(s) with their status

Reviews

I was surprised when they disbursed my personal online loan in my account on the same day on which I applied for it. Finance Buddha is the one on which you can rely on. The rates and charges are somewhat higher than normal personal loan which I felt should have been lower but it is good only.

 4/5

I went for this online loan when I was struck with an immediate financial requirement. Then I saw Finance Buddha website and applied for it through there. Everything went smoothly the processing and I got the loan amount on the same day on which I applied.

 5/5

Good service and easy processing. Got the loan approved on the second day this is the only thing which forced me to give 4 star rating. Processing timing is needed to improve a bit then this loan product will no.1 among other online loans.

 4/5

The service was good and the processing was also very easy and simple. The rate I was charged was 17% which is ok for me as for the same product other banks are charging even more. Overall I am satisfied.

 5/5

I got a quick response from the Finbud team regarding my personal online loan. But even after completing the process like filling the application form n all I had to wait many hours for the approval of my online loan. Finally I got approved and I got the money disbursed in my account on the second day.

 4/5

Finance Buddha offers you personal loans online on the same day you will apply for it. I got it approved at an interest rate of 16% P.A. and the processing fees charged was 2% of the total loan amount.

 4/5

The processing took more than 48 hours in case of my online loan. I don’t know what went wrong which delayed the processing. I am disappointed with this. I think their team needs to work more on the time management.

 3/5

The information provided on the portal are 100% accurate and reliable. Even the interest rates offered are normal only as compared to the other online loans available on the web. It helped me when I was in the most need of help. Thanks Finbud!

 5/5

When I was looking for an online loans with fast disbursal I got to know about Insta Loan from Finance Buddha. I went through its reviews and found it good so I went with it. They kept what they have mentioned on their website. The loan amount was disbursed to me within 24 hours.

 5/5

The process involved for the personal loan online is very simple and easy. The process was completely online and required zero physical documentation. Trust me no other loan processing can be simple than this. I will refer it to others also, you can go with it whenever you are in need of urgent liquid money.

 4/5

The administration here is really appreciable and the team effort is very good. All these things makes Finbud Best NBFC I have ever availed service with. Even the rates and charges provided to me for the personal loan online was normal as compared to other such type of loan.

 5/5

I went with the Finance Buddha's Online Loan when I had to pay some urgent medical expenses, found the processing fees and here lower than the other banks who are offering the same day personal loan. Even the service provided was up to the mark.

 4/5

My experience with Finance Buddha is very good. I took personal loan with them which provided me instant approval and disbursal within 24 hours. The rates and charges were also good only. I am very happy with my decision of choosing Finbud.

 5/5

I took a personal loan from here which was a complete online loan. The biggest advantage I got here was that my loan was approved on the same the on which I applied and it got disbursed on the next day. I am satisfied with the service provided.

 4/5

I applied for personal loan online here, the processing went very smoothly and as mentioned on the portal the process is 100% online but I took them more than 48 hours to disburse the loan amount.

 3/5

For online loans I found Finance Buddha as the best option as here loan limit was high and zero physical documentation was required. But the interest rate which I am offered is somehow high. But overall it is a good product.

 3/5

I am already having my Home loan with SBI which I have taken through Finance Buddha only. And again when I was in need of urgent cash I went with Finance Buddha only and applied for their Insta loan which is an online loan completely. The process went very smoothly and I got the loan one the second day from day on which I applied.

 5/5

Earlier I applied for the Insta Loan with HDFC but there was a credit card limit. So I was not able to get as per my requirement because my credit card limit was not that much. Then I applied with Finance Buddha and i got the loan approved on the same day. And I got that much, how much i wanted. There was no such problem as i was facing with HDFC as FinBud offers Insta loan from 50,000 to 10, 00,000. I didn’t faced any difficulty in the processing even as this loan is completely an online Loan.

 5/5

Frankly saying when I got to know about the interest rates for the online personal loans by Finance Buddha I thought I will never go with them. But when I was facing my worse, because of a sudden down in my business then Finance Buddha was only there to help me. I took their Insta loan which helped me to get over through that phase.

 5/5

I am very happy with the executives who were assisting me in completing the process regarding my Insta Loan. They were very polite and helpful. Because of their assistance, I was able to get the loan on time. The rates and charges offered were very high though. It was an overall very good experience with Finance Buddha.

 4/5

Online personal loan by Finance Buddha is best among many online loans available on the net nowadays. I applied for this online loan on last Friday and I was surprised that on the same day my loan was not only approved but disbursed also.

 5/5

I got to know about Finance Buddha's online loans by one financial blog. I went with it when I was facing so down in my business. This loan is very good actually as, if I have gone with a business loan with any bank then it would have taken much more time than this loan and I had to suffer from a big loss. But thank god Finance Buddha was there.

 5/5

I received very good service regarding the online personal loans. The rates and charges were also affordable and the disbursal was on time. I will suggest this to others also.

 5/5

Experiencing the online loans was very good. The process is very easy and can be done by anyone who is basically educated. The loan disbursal is very fast. My loan was disbursed within 24 hours. It’s good for us that DSA like Finance Buddha has come to make the processing of lending and borrowing so easy.

 5/5

It's exceptionally easy, to apply for the credit, and you can likewise check your eligibility, It's very quick process, and you can without much of a stretch explore the page as per other websites, I am extremely happy with the administration offered by Finbud.

 5/5

I applied for the personal loan online and received a good response but something went wrong in the documentation process and my application form was rejected but when I called on their no. I got a clear justification for it. After that, i applied again and my loan application was approved and I got the loan easily.

 4/5

I availed personal loans online by Finance Buddha and it was an amazing experience. The processing was very fast and my loan was approved within few hours. The rates are very high as compared to general personal loan but it's quick disbursal facility makes it best for emergency situations.

 4/5

My experience was great with Finance Buddha since I have gotten a quick reaction and they did appropriate follow-ups additionally. Their site was extremely useful and simple to explore. The client administration and reactions were likewise up to the mark I might want to rate them 5 out 5 generally speaking.

 5/5

The information provided is 100% accurate. You can check for your eligibility here and then apply for the loan with any of the bank which you find best for you. I was in immediate need so I went with the Insta loan which is same as that of the personal loan but it is a totally online loan and needs zero physical documentation. The service which I received regarding this loan is very appreciable.

 5/5

Once I was in urgent need of cash as my son met with an accident. I was so much stressed and trying to arrange money for his operation, but I was not able to do so. Then one of my friends suggested me Insta Loan by Finance Buddha which is a completely online loan. I was able to get the money within 24 hours. Thanks, Finance Buddha for such a great help.

 5/5
Economic Times
VCCircle
Business Standard
Live Mint

Benefits to meet your needs.

We've built a secure & personalized experience.

The Tools You Need

With a simple dashboard and mobile app, staying up to date with your loan is easy.

No Origination Fees

What you see is what you get with loans through Finance Buddha. There are no origination fees charged.

Real Customer Support

Have a question? We’re here 7 days a week to give you answers. Call us (080) 4090 9654.

You're in good company

We’ve helped 200,000+ Customers get Loans of over 2500 Crores.
Abhishek Taneja

“I have used Finance Buddha services thrice in the last 2 years. They have helped me in getting a total of Rs 25 lacs loans from Bajaj, SCB and HDFC. I needed the loan to meet urgent medical need and at such a critical moment they helped in getting the disbursal in 3 days. The sales staff was well informed and their follow up was superb. Would definitely be delighted to give reference to anyone.”

Abhishek Taneja
Senior Manager, Retail Client Analytics, Standard Chartered Bank

Amlan Mandal

“The team at Financebuddha has been very helpful in arranging for the home loan for my house. The service quality is excellent and the customer service has been very responsive and prompt. I managed to get my loan without any hassles and on time. Would recommend them to any of my friends anytime.”

Amlan Mandal
CTO, BankerBay

karthik Srinivasan

“I would like to take this opportunity to express my gratitude towards finance buddha for a very smooth and hassle free customer support and loan processing. It was a great experience dealing with finance buddha which I think would not be possible without customer centric people like you. Thanks a lot for all the support provided. People like you can take an organisation to greater heights.”

Karthik Srinivasan
Regional Sales Head APAC Contact Centre, Citibank