Nowadays, every person needs money due to some reason. In that, they are thinking of taking a loan. Today we are going to give you information on how to take a personal loan through phone pay at home.
Many times there are emergencies due to which we need money immediately and at such times none of our relatives and loved ones come to our work. Friends, the personal loan we are going to talk about here today is available through phone pay. Phone Pay does not provide any loans; it is provided by its partner.
PhonePe Personal Loan Apply
Nowadays almost everywhere everything has gone digital. Most of people must be using PhonePe but you may not realize that you can get a personal loan from here also up to 15 lakh rupees. You can get a phone pay personal loan at home without any paperwork.
For this, the Phone Pay app should be downloaded to your phone and your account should be created in it. You must be a citizen of India and you will not get this loan if you have already taken a loan through phone pay and the amount is outstanding.
Documents required for PhonePe Personal Loan
- Aadhaar Card
- PAN card
- bank account
- Bank statement
- Pay slip
- Aadhaar link mobile number
- Selfie etc.
Terms for Phone Pay Personal Loans
To take a loan from PhonePe, you have to agree to some terms and conditions which are as follows –
- You must be an Indian citizen for PhonePe Personal Loan.
- To avail a personal loan from PhonePe, you must be at least 18 years of age or above.
- You must have all the KYC documents.
- EKYC is required i.e. your Aadhaar number should be linked with mobile number.
- You must have a current bank account and the Aadhaar number must be linked to the bank account.
- PhonePe should be active in your mobile and your bank account should be linked with PhonePe.
- Salaried individuals and self-employed people can apply for phone pay loans.
- A good CIB score is essential for personal loans.
- You need to have a record of bank transactions and previously you have taken a loan through phone pay.
How To Get A Personal Loan From The PhonePe App?
To take a personal loan through Phone Pay, you first need to have that app on your phone. Phone Pay does not provide any loans but Phone Pay’s partner companies provide loans. Now let us see how a phone pays a personal loan can be availed.
- First of all you have to download PhonePe app from Google Play Store.
- No need if downloaded.
- After that you have to register in the app with your mobile number.
- Then you have to link your bank account with UPI ID.
- Now in your app you will see “See All” option near Recharge and Bills option, you have to click on this option.
- Then, you will see the names of some companies under “Recharge and Pay Bills” such as – Bajaj Finance Limited, Buddy Loan, Home Credit, CreditB, Moneyview, Avel Finance, Navi etc. These are all loan companies.
- Now suppose that if you want a loan from the Moneyview app, you have to download this app from the Google Play Store.
- After that, you have to go to this app and create an account with the same number with which you created the account on PhonePe.
- Now a new page will open in front of you where you have to provide some personal information.
- All personal loan offers will be available in front of you, you can choose any plan as per your wish under select your loan plan.
- After this, you have to enter details of banking etc. and upload required documents.
- After doing this, once the loan is approved, your loan amount will be transferred to your bank account within few minutes.
Special Note:-
Friends, we are not giving you any kind of greedy lure to take PhonePe Personal Loan. Whether to take a personal loan or not is in your hands. Take this loan only if there is an emergency and you can pay the loan. If the interest rates of personal loan are high, do not take it at a special time. thank you
