PhonePe Personal Loan 2024

Now you will get loan from PhonePe at 0% interest rate, you can take loan up to 1 Lakh.

Hello friends, PhonePe is an application that we use every day. Some people use this app to recharge and some people use this app to transfer money.

By the way, this application is also used for taking loans. Do you know how to get a loan from PhonePe? If you don’t know how to get loan from PhonePe? So we will give complete information about it in this article.

PhonePe Personal Loan

You can take a loan with the help of PhonePe Personal Loan application. With the help of this loan application, you can take a loan ranging from 5 thousand to 50 thousand rupees. Along with this, it claims to provide loans on loan application at very low interest rates.

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Eligibility for PhonePe Loan

Loan : If you want to take a loan from PhonePe, you have some important qualifications.

  • Applicant must be at least 18 years of age.
  • Apart from this, the CIBIL score of the loan applicant should be at least 700.
  • Before taking loan also keep in mind that you have not taken loan from anywhere before.
  • Along with this, the applicant should have a fixed source of income.

Documents Required for Taking PhonePe Loan

If you take a loan with the help of this application, all these documents have to be uploaded on this application. All these important documents are required to take a loan with the help of this application –

  • Aadhaar Card : (Identity Proof)
  • PAN Card : (Tax Proof)
  • Proof of Residence : (Driving License, Electricity Bill, etc.)
  • Proof of Income : (Salary Slip, Bank Statement, etc.)
  • Bank Statement : (last 6 months)

How Much Loan Can Be Availed From PhonePe?

If you use PhonePe Business App and have a good turnover, you can take a loan with the help of PhonePe Business App. You can take a loan only with the help of PhonePe business application and from here you get only business loans that you can use to grow your business. However, it charges its customers Rs. 50,000 to Rs. Claims to provide loans up to 3,000,00.

How long is PhonePe Loan Available For?

You can take loan with the help of PhonePe app. It is also important to know how long this application gives the loan. Loans available with the help of PhonePe loan application are available for about 45 days. Also, this loan has to be repaid within this time.

Interest Rate on PhonePe Loan

You have several options to take a loan from PhonePe Loan App. How much interest rate do you have to pay to take a loan with the help of this application? You don’t need to pay any fee to take loan with the help of this application. The loan is interest free for the first 45 days and after that you have to pay a fixed interest charge.

What Needs to Be Done to Get a Loan from PhonePe?

If you are planning to take a loan with the help of PhonePe, first of all you have to complete your KYC in this app. After that you have to upload your documents on this loan application. After this, you get a loan based on your CIBIL score.

Thus, you can take a loan with the help of this loan application which is very easy.

Important Links

PhonePe App LinkClick Here
HomepageClick Here