If you suddenly need money for some important work, then you can get a personal loan through PhonePe app. You can easily get a loan through this app for which you will not have to do anything. The special thing about this app is that you do not have to pay a high interest rate in it. If you want to get a personal loan from PhonePe app, then in this post we will tell you how you can get this loan.
PhonePe Personal Loan Apply Online
All citizens of India whose age is between 18 years to 28 years can get a loan through PhonePe app. If you need money, download PhonePe app on your phone right now and get a personal loan. Through this app, you can get a loan of Rs. 10000 to ₹ 500000 in just 10 minutes. We should also tell you that PhonePe does not provide you a personal loan directly. Rather, it makes it available through partnership with some financial companies, such as Credit Bee, Money View, Navi, Flipkart, Bajaj Finserv, etc.
Eligibility for PhonePe Personal Loan
- Any permanent resident citizen of India can apply for this loan.
- A person falling between 18 years to 28 years will be eligible to avail personal loan from PhonePe.
- While applying, the person has to give correct information about his income.
- The person applying must have a good CIBIL score.
- While applying, complete bank details of the person will have to be given.
Documents to be obtained for PhonePe Personal Loan
- Aadhar card
- PAN card
- Bank Copy
- Income Proof
- Passport size photo
- mobile number linked to aadhaar
Interest Rates under PhonePe Personal Loan
The specialty of PhonePe Personal Loan is that here the loan is given to the person as per the interest and terms. PhonePe has partnered with many finance companies, whose interest rates vary. While applying for a loan, you may also have to pay a processing fee between 2% to 8%. Therefore, on applying for a loan through the PhonePe app, you have to check the interest rates of the chosen finance company thoroughly.
PMEGP Loan Apply 2024
How to pay for PhonePe Personal Loan online?
- For PhonePe Personal Loan, first of all, you need to download the PhonePe app on your smartphone.
- For this, go to the Play Store and search for the app, and then install it.
- Register in the app with your mobile number.
- Once you register, connect your UPI ID to the app so that money can be deposited into your bank account.
- Then, go to the “Recharges & Bills” section on the PhonePe app dashboard and select the “Loan Providers” option.
- There, you will be shown a list of companies that offer loans.
- You need to select your preferred company, and download its app.
- After that, register in the app and enter all your personal information and bank details.
- If your loan is approved, the funds will be transferred to your bank account within a short time.