Bada Wallet loan download, Loan Types, Requirements

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Bada Wallet Loan, also known as Bada Loan, is an instant cash loan app that offers hassle-free loans online. From eligibility to loan types, interest rates, and how to download the app, this article covers everything you need to know.

Loan Information

Bada Loan provides a range of loans from ₹1,000 to ₹5,00,000 with repayment periods spanning from 3 to 24 months. They offer an Annual Percentage Rate (APR) from 3.5% to 12% per annum.

Processing fees range from 2.5% to 5% and GST of 18% applies to these fees. There’s a daily late fee of up to 0.1% for late payments, capped at 18% of the principal amount overdue.

Loan Types

Whether you need a small or large loan, Bada Loan has you covered. All you need is your PAN Card and Address Proof to avail a loan amount ranging from ₹1,000 to ₹5,00,000 for a tenure ranging from 90 days to 6 months.

Why Choose Bada Loan?

With instant loan approval and direct bank transfers within 15 minutes of registration, Bada Loan is designed for speed and convenience. The app offers transparency, security, and affordable interest rates.

Loan Repayment Example

For instance, if you borrow ₹5,000 at an APR of 12% with a tenure of 61 days, the total cost of the loan would be ₹225. The total loan amount disbursed will be ₹4,848, and the total amount to repay will be ₹5,100 with monthly repayments of ₹2,550.

Eligibility Criteria

To be eligible, you must be an Indian resident, aged between 20 and 60 years, and have a source of regular monthly income.

Application Process

Downloading and applying for a loan through Bada Loan is straightforward. Simply download the app, provide your basic details, choose your loan amount and tenure, complete your KYC and income verification, and get the money transferred directly to your bank account.

Features of Bada Loan

Bada Loan offers a range of features, including 100% digital processing, instant loan approvals, flexible and customizable personal loans, and a secure app working only with RBI Registered NBFCs.

Data Security

Bada Loan ensures your data’s security. It uses a secure HTTPS connection and 256-bit SSL encryption. They do not share your data without your consent.

Contact Information

For any inquiries or issues, you can contact Bada Loan at rahulkheni897@gmail.com or visit their office at A-223, Upper Ground Floor, Hosayellapur, Amarjyothi Layout, Bengaluru, Karnataka 560102.

Downloading Bada Wallet Loan

To download the Bada Wallet Loan app, visit the Google Play Store or the app’s official website. Ensure your device allows downloads from unknown sources before proceeding with the installation.

In conclusion, Bada Loan offers an accessible and quick solution for your loan needs. However, ensure you fully understand the terms and conditions before applying.

All rights reserved. Do not copy, rewrite or republish this content, in part or in whole, without proper credit to the source.

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About the Author: Femi Olawole

Femi Olawole is a seasoned blogger with interest on providing helpful Contents on online loan apps, Tech and Business.

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