BadaBro -Instant Loans for Salaried And Students App Review 2022

BadaBro -Instant Loans for Salaried And Students App
Hello friends, in today's post I am going to tell you all about BadaBro -Instant Loans for Salaried And Students App. If you also want to know the complete information about this app in details, then this post will prove to be very useful for you, so read it completely.

BadaBro is an Indian mobile app-based platform providing Personal Line of Credit to salaried professionals and College students (above the age of 18 years). The loans availed are instantly credited to your Bank account/Paytm wallet.

Key Features.

✔ Instant Personal Loan upto ₹10,000

✔ Disbursement to Bank/Paytm Account

✔ Flexible Repayment Options, Repay in 3 Months

✔ Processing fees range between ₹34 to ₹203 + 18% GST depending on the loan amount with maximum APR of 120%.

Interest rates range between 1% to 6% per month, based on risk profile. Tenure is 61-90 days.

For example, for a salaried personal loan of –

Loan amount - ₹1000

Tenure – 3 Months

Interest Rate – 6%

Processing Fee - ₹75

GST on Processing Fee - ₹14

Total Interest - ₹60

APR – 72%

Loan amount is ₹1000, Disbursed amount is ₹912. Total Loan repayment amount is ₹1060



Eligibility Criteria

✔Students – Fulltime College Students above 18 years of age.

✔Salaried Professionals – Badabro offers loans to people with take home salary of ₹10,000 and above.


Documents required

You need the following documents to register with Badabro:
• PAN Card & Aadhaar

• Office/College ID Card

• Bank Statement

• Salary slip/Mark sheet

• Other details
Easy, isn’t it? Simply upload photos & set up your own Personal Line of Credit.

How it works


Download the Badabro App
Upload Aadhaar/PAN card, Salary slip/College ID, Bank statement, Marksheet/money receipt, selfie & selfie video, and provide a few details. Profile completed.
Wait for some time till your profile is approved and Credit limit is assigned. We will notify you via SMS/App notification/mail.
Choose your loan amount, tenure (how long you want to borrow), number of instalments, and where you want the credit (Bank account or Paytm).
The loan amount will be instantly credited to your Bank account/ Paytm wallet.
Repay any time on or before due date, at your convenience using Debit Card, Paytm wallet or UPI.


Support
For help email us at helpcenter@badabro.com . Do visit our website to contact us for any queries at www.badabro.com

Last Words .

Friends, in this post, we have reviewed about BadaBro -Instant Loans for Salaried And Students App, hope you have got information from this article. Thanks for reading this post friends. 

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