In the expanding landscape of instant loan apps, caution is crucial.
Today, we delve into the realm of the Buddy Loan App, available on the Google Play Store, to scrutinize its features, functionality, and user experiences.
What is Buddy Loan?
The Buddy Loan operates as an online platform providing loans with a maximum amount of 15 lakh rupees.
It promises an annual interest rate of 11.99%.
The website provides various types of loans such as personal loans, business loans, travel loans, marriage loans, car loans, and more.
The Buddy Loan, operated by Bvalue Services Pvt. Ltd., boasts a considerable user base and is available on the Google Play Store and App Store.
According to the App Store, it has 10M plus downloads.
Also, this application has 4.5 positive ratings on the Play Store and Apple Store. It allows users to get a loan of the desired amount at easy-to-pay EMI.
According to SimilarWeb, it has a total of 2.8M visitors on average as of December 2023.
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Buddy Loan App Profile
|Domain registration date
|20 September 2013
|21st Cross Rd, Sector 7, HSR Layout, Bangalore,
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Buddy Loan Review
Here are some mixed concerns about the Buddy Loan App, which makes it difficult to decide whether it is fake or real.
Here are some positive aspects:
- The app is available on the Play Store
- Present official contact information.
- This website has a valid SSL certificate and provides a secure connection.
- The website is easy to navigate and visually appealing.
- The website has existed for some years and has a good amount of consistent monthly traffic.
- Address or legal support was provided for any potential issues or disputes.
- It has a high safety score and is trusted by many.
Now, let’s see some negative aspects.
- Users have reported data piracy has been associated with the app, posing a risk to user’s personal information.
- Users have reported receiving a lot of spam calls and emails after taking the loan.
- No links to social networks, such as Twitter, Instagram, or Facebook, are found on the page
Buddy Loan App seems to be an actual business with known ownership and accurate addresses. With improvements, it holds the potential to emerge as a notable platform in the realm of online credit services.
However, numerous complaints about data piracy, spam calls, and a lack of transparency raise concerns about its legitimacy.
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