PhonePe Instant Loan: Get an instant personal loan up to ₹50000 at home without interest
Nowadays, whenever we need money, we either borrow it from a friend or relative or take a loan from the bank, which takes a lot of time like 3 to 10 days. Apart from this, if you take a loan from PhonePe Application, then you can get a lot of benefit from it and at the same time it can also save a lot of time, which is available in a very short time and at a very low interest rate. Let’s know about it in detail –
What is PhonePe Loan?
Phonepe is a well-known digital payment app which is being used by everyone in today’s era. Phonepe app is considered to be the top app in smartphones through which people do shopping bill payments, UPI, money transfer, bill payment, electricity bill payment etc. In such a situation, when along with so many money transaction facilities, loan facility is being made available to the customers through this app, then what can be better than this for the customers? Customers can easily get a loan through this app and complete their shopping and necessary expenses.
To get a PhonePe loan, the customer only needs to download the phone pe loan app on his mobile and apply for a loan through the PhonePe app. Based on the customer’s credit score and financial credibility, the PhonePe app offers a loan to the customer. Under this loan offer, the customer can easily get a loan of Rs 5000 to Rs 50000 in just a few minutes.
PhonePe loan amount
Talking about the loan amount, a loan of ₹ 5000 to ₹ 50000 is easily made available to the customer through PhonePe App . However, in this entire process, the financial credibility and credit history of the customer is checked. For this, the customer must also have eligibility criteria after which the loan amount is transferred to the customer.
Eligibility criteria to avail loan from PhonePe –
To take a loan from PhonePe, the applicant must have some essential eligibility which are as follows –
- The applicant must be a native of India and must be at least 18 years of age.
- Apart from this, PhonePe application must be installed in the applicant’s phone and PhonePe account must be active in it.
- The salary of the applicant should be more than 25 thousand.
- Apart from this, the credit score of the applicant should be good and there should not be any loan pending or default.
Benefits of taking a loan from PhonePe
- Customers do not need to go through any kind of documentation process when taking a loan from PhonePe App .
- This is a completely paperless loan which is available only through KYC.
- Here customers do not have to visit the office again and again, this loan can be easily obtained by just downloading an app on the mobile.
- Easy repayment options are provided to the customer to repay this loan.
- Apart from shopping, customers can also use this loan to pay for various expenses.
- After taking a loan from PhonePe, the customer’s credit score also increases by repaying the loan on time.
Required Documents for PhonePe Personal Loan
To take a personal loan from PhonePe, you must have the required documents, such as –
- Aadhar card
- PAN card
- Bank Account
- Bank statement
- salary slip
- aadhar link mobile number
- A selfie, etc.
How to apply for PhonePe Personal Loan online?
If you do not know how to get a personal loan from PhonePe and want to apply online for PhonePe Personal Loan, then you can get a loan in a few minutes by following the process given below –
- First of all you have to download PhonePe App from Google Play Store.
- After this you will have to register in the app with your mobile number.
- After this you will have to link your bank account with UPI ID.
- In the dashboard in front of you, there will be an option of “See All” near the option of Recharge & Bills, you will have to click on this option.
- After this, below “Recharge & Pay Bills”, you will see the names of some Third Party Companies, such as – Bajaj Finance LTD, Buddy Loan, Home Credit, kreditbee, Moneyview, Avail Finance, Navi etc. You will have to select the company from which you want to take the loan.
- Suppose you need a loan from Moneyview then download this app from Google Play Store.
- After this, you will have to open it and register with the same number with which you had registered on PhonePe.
- Now a new page will open in front of you where you will have to provide some personal information.
- All the personal loan offers will be visible to you, you can choose any plan as per your choice under Select Your Loan Plan.
- After this, you will have to enter the details of banking etc. and upload the necessary documents.
- After doing this, as soon as the loan is approved, your loan amount will be transferred to your bank account within a few minutes.