BadaBro -Instant Loans for College Students was a finance app developed by Badabro Giga Venture Private Limited. It was removed from Google Play Apr 30, 2021 and is no longer available for download.
Download Statistics
BadaBro -Instant Loans for College Students had been downloaded 220 thousand times before it became unavailable.
User Ratings
BadaBro -Instant Loans for College Students was rated 2.68 out of 5 stars, based on 7.1 thousand ratings.
App Information
BadaBro -Instant Loans for College Students was free to download. The APK download size was 53.55 MB. The last available version was 1.1.1. The last update was on March 31, 2021.
Technical Requirements
BadaBro -Instant Loans for College Students required Android 5.0+ or higher. The app had a content rating of Everyone. The app had been available on Google Play September 2019.
Description
BadaBro is an Indian mobile app-based platform providing Personal Line of Credit to full time students of recognised colleges across India, above the age of 18 years. The loans availed are instantly credited to your Bank account/Paytm wallet.
Loans range from ₹ 500 to ₹ 10,000 Tenure: 30 days to 90 Days. Interest rates range from 1%-6% (12% to 72% per year) depending on risk profile of customer and product availed. Processing Fees: ₹37.50 to ₹ 150 + 18% GST
The charges and repayment tenures vary based on the risk profile of the users. Penalty is charged only when someone delays their scheduled payment. The APR for different products is separate as per the risk profile of the customers. The APR for loan products: low risk customers is 12%-24%, medium risk customers is 24%-48%, high risk customers is 48%-60%* and very high-risk customers is 60%-72%*.
In addition to it, GST will be applicable only on the fee components as per Indian laws.
Example
A low risk Loan customer can avail a loan of ₹ 2,000 at an interest rate of 24% and processing fee of ₹ 37.5 for a period of 3 months. This translates to an APR of 31.50%. *The higher charges are only for loans of lower amount and lower repayment tenure.
Badabro empowers students to fulfil their dreams and become responsible and financially independent adults.
Personal Line of Credit
We offer Personal Line of Credit for students, wherein you may avail any loan amount within the assigned credit limit.
Key features
Superfast Credit to your Bank/Paytm 24/7 Access to Money Loan Tenure from 30 to 90 Days
Eligibility
You must be a full-time college student of a recognised College, over 18 years of age. You must have a minimum of 3 months left until your graduation date.
Documents required
You need the following documents to register with Badabro: Aadhaar Card College ID Card Latest Mark sheet/Money receipt issued by your College.
Easy, isn’t it? Simply upload photos & set up your own Personal Line of Credit.
How it works
Download the Badabro App Upload Aadhaar, College ID, 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.
Personal Line of Credit for College Students may be used for Pocket money Education related expenses College tuition fees Personal loans/expenses Hostel expenses Clothes Eating out Utility bills Travel
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Comments on BadaBro -Instant Loans for College Students for Android
★★★★★
I suggest badabro dont update your app if it not possible..plz use ur old version of app for providing loans..we dont want new updates ..we like ur old version..plz start app with your old version..already we are waitig from last 1 month..but the loan service is not start today date..plz start ur loan service today..many students are waiting for Badabro..
★★★★★
I'm using this from Last 1 yearly This app. Is showing update but in there is no updated app from playstore And also not provide loan and and not increased my limit also
★★★★★
Very good app. Customers service is also very interactive and helpful when we face some difficulties...... loved this app .
★★☆☆☆
Worst app ever seen in Google Play Store, has to be banned from Play Store. Providing loans to students on high interest rate and even per day penalty charged is huge..And when you fail to repay loan on time they'll start messaging and contacting your contacts, they don't follow business ethics of protecting customer's personal data..
★★☆☆☆
This the worst application plzz don't use this ...beacues they don't understand this pandemic corona situation I inthis situation also they blackmail and torcher to pay the loan. don't give the options ..if we tell we can't pay the loan this corona time we will pay next month they blackmail. Call ur contact list ....and no corona and all must u pay the loan this is the humanity shame on u this team.. and suddenly they block to take amout and credit limit
★★☆☆☆
Worst app. That high intrest less time. And making calls to contacts.. talking vulgarly ver bad . Try to avoid this app
Technologies used by BadaBro -Instant Loans for College Students
BadaBro -Instant Loans for College Students is requesting 47 permissions and is using 20 libraries.
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Each subscription will automatically renew 3 days before the expiration date for
the same time period. Subscriptions can be cancelled at any time before the renewal.
