PhonePe Personal Loan 2024 Eligibility, Apply Online But to apply for PhonePe Personal Loan, you must have all the information related to the loan. If you do not know about it, then this post is for you. In this post, you will be provided all the information about how to apply for PhonePe Personal Loan online and how will you get a personal loan from PhonePe? Along with this, we will also tell you about PhonePe Personal Loan Eligibility, Interest Rate and Documents etc. For more information, you must read the post till the end.
If you want to take a loan from Phonepe, then let us tell you that you cannot take a loan directly from PhonePe. PhonePe approves loans with the help of third party application. PhonePe gives loans through some partnership companies, so for PhonePe Personal Loan, you have to download the app of the partnership companies and apply for the loan. Through these apps, you can apply for a loan with Aadhar card. Flipkart, Kredit Bee, MoneyView, Bajaj finserv, Navi, Payme India are some of the applications that provide PhonePe Personal Loan. To take a loan from PhonePe, you have to first register in the PhonePe Business App and after that download the app of any partnership company from Google Play Store and apply for a loan. Then you can get a maximum loan of up to Rs 5 lakh from this platform.
PhonePe Personal Loan 2024 Summary
| Post Name | PhonePe Personal Loan 2024 |
| Loan Type | Personal Loan |
| Loan Amount | ₹10,000 to ₹5 lakh |
| Processing Fee | 2% to 8 % |
| Partnership | Flipkart, Bajaj Finserv, Kredit Bee, MoneyView, Payme Indianavi, Navi App etc. |
| Loan Approval Process | Online |
| Official Website | www.phonepe.com |
Phonepe Personal Loan Interest Rate 2024
The interest rate of PhonePe Personal Loan depends on the terms and conditions of the third party application. You will have to pay the interest rate according to the terms and conditions of the application through which you apply for PhonePe Personal Loan. Suppose you apply for a loan from Money View, then you may have to pay interest up to 15.96%. Apart from this, you will have to pay processing fee which can be from 2% to 8%. On Money View, you can take a loan from 3 months to a maximum of 5 years and similarly the terms and conditions of other applications may vary.
PhonePe Personal Loan Eligibility 2024
- To take a loan from PhonePe, you have to fill the eligibility given below.
- Only citizens of India can apply for PhonePe Personal Loan.
- To take a personal loan from PhonePe, your age must be at least 21 years or more.
- You must have all the KYC documents.
- Your EKYC is necessary, that is, your Aadhaar number should be linked to the mobile number.
- You must have an active bank account and Aadhaar number should be linked to the bank account.
- PhonePe should be active in your mobile and your bank account should be linked to PhonePe.
- Salaried persons and self-employed people can apply for Phone Pe loan.
- Your monthly income should be at least Rs 25 thousand and you should have an income certificate.
- A good CIBIL score is necessary for a personal loan.
- Your financial transaction record should be good and you should not be a defaulter.
Documents Required for PhonePe Personal Loan 2024
If you want to apply for a personal loan from PhonePe, then you must have the following documents.
- Aadhaar Card
- PAN Card
- Bank Account
- Bank Statement
- Salary Slip
- Aadhaar Linked Mobile Number
- A Selfie etc.
How to Phonepe Personal Loan 2024 Apply Online?
- First of all you have to download PhonePe App.
- After this, you have to register in the app with your mobile number.
- After this, you have to link your bank account with UPI ID.
- You have to click on the option of “See All” near the option of Recharge & Bills in the dashboard.
- After this, you will see the names of some Third Party Companies under “Recharge & Pay Bills”, such as – Bajaj Finance LTD, Buddy Loan, Home Credit, kreditbee, Moneyview, Avail Finance, Navi etc., you have to select the company from which you want to take a loan.
- Suppose you want to take a loan from Moneyview, then you have to download this app from Google Play Store.
- After this, you have to open it and register with the same number with which you registered on PhonePe.
- Now a new page will open in front of you where you have to fill some personal information.
- All the personal loan offers will come in front of you, you can select a plan according to your choice through Select Your Loan Plan.
- After this, you will have to fill 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.
Important links
| Home Page | Click Here |