How to take loan on PhonePe? Everyone needs money, in such a situation if you need money immediately in your bank account then there are very few friends and family members who help you in this. But now the time has changed, now you do not need to ask for money from anyone, you can take a loan from PhonePe very easily.
So if you want to know how to take a PhonePe loan, then you have to read this article completely, because after this there will be no questions left in your mind. You can easily take loan from your phonepay account. So without delay let’s start.
What is Phonepe Loan?
PhonePe App Loan feature is such a feature that you can take a loan for yourself. With this, money is deposited directly into your bank account on taking a loan. You just have to verify a few things. At the same time, you become able to take a loan from it immediately.
How to get PhonePe Loan?
PhonePe has started this loan lending service for a long time. He has started this instant loan service for the convenience of Phonepe users. With the help of this, you can easily take a loan for yourself that too through the PhonePe App.
If you want instant personal loan from PhonePe, then first you need to download PhonePe app. Then it has to be linked to Flipkart PayLater, from there you get a loan on your PhonePe App. But before that you also have to fill some important qualifications to get the loan.
Loan Provider Name Phonepe
Loan Type Instant Personal Loan
Interest Rate 0%
Eligibility You must already have a Flipkart Account.
Maximum loan amount 60,000
How to take loan in PhonePe 2021?
Now we will know how you can take a loan with the help of your Phonepe app. Before that, make sure to create a Flipkart account if you do not already have one. After that you get an option on Flipkart itself for Flipkart Pay Later, which you have to choose.
Once you have selected that option, then you also have to create a Flipkart Pay Letter account. If your CIBIL score is correct then you can easily get a good loan.
After doing all these procedures, you have to come to your PhonePe app and click on My Money option.
When you click on that option, then the balance of all your UPI accounts is visible in front of you, while the PhonePe wallet is also visible in front. At the same time, you will also see the loan amount which is issued through Flipkart Pay Later.
You can easily use that loan amount according to your need.
In the new update of PhonePe, we do not see that Flipkart Pay Later option on the “My Money” section.
Eligibility for PhonePe Loan
Now let us know what is the eligibility for PhonePe loan.
You must be at least 18 years of age or above.
You must have a phonepe account. At the same time that phonepe app should be installed on your mobile.
Aadhar card and Pan card are required.
You should not have any loan already.
Your CIBIL score should be 700+.
What are the documents required for PhonePe loan?
To take a loan, you must have mainly two documents.
Phonepe Instant Loan Interest Rate
PhonePe provides you loan with very low interest rate. Loan up to 45k is given to you only at 0.34% interest.
PhonePe Loan Repayment Process
Once you have taken a loan, then you also have to repay that loan in time, if you are unable to do so then you may have to pay a penalty in it. By the way, you can also pay the loan amount in installments.
Phonepe Loan Customer Care Number
If you want to contact PhonePe’s Customer Service Center for information related to any payment-related issues, then you have to visit the Customer Portal which is on the PhonePe App.
PhonePe Customer Care No. 080-6872 7374
TOLL FREE NUMBER(S): 1800 102 1482 (Ethics Helpline)
ALL INDIA NUMBER(S): 080-6872 7374022-6872 7374
Does PhonePe offer loans now?
No, at present PhonePe does not provide PhonePe loans. But it used to do this before.
Can loan be paid through PhonePe?
Yes friends, loan can be filled through PhonePe. Along with this, you also get cashback in many places.
Is PhonePe safe to pay loans?
Yes, PhonePe is 100% safe and secure for loan repayment. Because Yes Bank is behind this. At the same time, all payments are done through secure banking networks. At the same time, this app does not even save any of your user data or passwords.
Is PhonePe approved by RBI?
Yes, PhonePe has been licensed by Reserve Bank of India. At the same time, his Authorization Number is 75/2014, which was given on 22 August 2014.
What did you learn today?
I hope you must have liked my article on how to take loan from PhonePe. After reading this, you must have easily understood the important information about how to get a PhonePe loan. It has always been my endeavor to provide complete information about loan to the readers so that they do not have to search any other sites or internet in the context of that article.
This will also save their time and they will also get all the information in one place. If you have any doubts about this article or you want that there should be some improvement in it, then you can write low comments for this.
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