Upwards Personal Loan

The following formula can be used to determine a Upwards loan's EMI:

E = P x R x (1+R)^N / [(1+R)^N-1]

E represents the monthly payment.

P stands for the principal sum.

R is the interest rate.

N is the loan term in months.

Upwards Personal Loan Eligibility Criteria

A person's ability to acquire a loan depends on their loan eligibility. The following are straightforward criteria for Upwards loan eligibility:

Documents Required for Upwards Personal Loan

The following list includes some of the documents required to apply for an Upwards credit loan. Keeping these documents handy would help you with the quick application process without any hassle.

• Identity proof: PAN card/ Aadhaar card
• Address proof:: Aadhaar card/ Voter ID/ Driving license
• Proof of income:: Bank statement and salary slip
• Photo ID:: A recent selfie

Comparison of Upwards Personal Loan vs. Other Lenders

Comparing personal loan service providers is typically a good idea. It enables borrowers to discover the best lender for their situation by providing them with a variety of options. It is critical to compare Upwards Credit Loans to those offered by other banks and NBFCs. We have listed the rates and processing fees for some of the personal loans offered by banks and NBFCs below:

Features & Benefits of an Upwards Personal Loan

Upward loans have a number of key features and benefits, including:

Affordable EMI Options

EMI as low as Rs. 1500
for loan amount of Rs.
50,000

Instant Loan
Approval

Disbural of loan amount
in 48 hours

No Paperwork Required

Convenient, easy and
quick documentation

Collateral Free Loan

No collateral is required
to avil a loan

Huge Loan Amounts

Get loan amount ranging
from Rs.20,000 up to 5 lakhs.

Flexible Tenure

Repayment of loan up
to 60 months.

Upwards Personal Loan Types

The two different types of personal loans that Upwards provides can help anyone achieve both their personal and professional goals. Self-employed folks have access to both term loans and personal loans.

Upwards Personal Loan For Salaried

Upwards offers salaried people credit for any private use. These loans are available to borrowers for a variety of purposes, including debt consolidation, education, home repair, emergencies, medical expenses, wedding costs up to 2 lakhs disbursed in 24-48 hours, and more. These loans range in length from six to eighteen months.

Independent Contractors: Upward Term Loan

With this loan, Upwards offers financial services with customizable terms to independent freelancers. This is specifically intended to aid their progress and quicken corporate growth.

Steps to Apply For Upwards Personal Loans with Buddy Loan

Steps To Apply For a Personal Loan with Buddy Loan

• Step 1: Visit buddyloan.com or Download & install the Buddy Loan app(Android or iOS).
• Step 2: Open the personal loan application page. Provide the mobile number and enter the received OTP.
• Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option.
• Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
• Step 5: Enter your work details (Including company name, years of service and Designation)
• Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
• Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.

Loan Repayment for Upwards Personal Loan

The key repayment procedure entails the borrower returning the borrowed funds to the lender. Borrowers often pay off their debt in a set period of months through monthly installments.

The loan repayment timeline can be customized depending on the loan type. A borrower can repay a personal loan by making online payments through the company's website or loan application; further choices include EMI transfers and prepayments.

Regular and timely payments are critical since they improve credit scores and indicate a person's financial dependability.