Phonepe Loan Kaise Le: Most of you uses the PhonePe app for digital transactions and Bill payments. But if you need money urgently, then you can apply for a personal loan through the PhonePe app also. PhonePe offers personal loan upto ₹5 lakhs by just few clicks from your home.
If you want to apply for PhonePe personal loan of ₹5 lakhs online, read this article carefully. In this article, we will see how to apply for a PhonePe loan, eligibility criteria, application process, and the interest rate for PhonePe personal loans.
Benefits of PhonePe Personal Loan
- You will get a loan from minimum ₹10,000 to ₹5 lakhs through the PhonePe app as per CIBIL Profile.
- PhonePe provides personal loans with minimal documentation requirements like Only Aadhar and PAN number.
- The interest rate for PhonePe personal loans starts with only 12.5% as Per your profile.
- You can take PhonePe personal loan for any of your personal or emergency needs.
PhonePe Personal Loan Eligibility
- Loan applicant must be resident of India.
- Age of the applicant should be in between 21 to 58 years.
- Applicant should have minimum CIBIL score above 700.
- Loan applicant must be either Goverment or private salaried employee or self employed.
- The applicant should not be a loan defaulter of any bank or institution.
How to Apply for PhonePe Personal Loan Online
To get personal loan of minimum ₹10,000 to ₹5,00,000 by PhonePe app by just few phonepe app clicks, follow these steps:
- First download and install the PhonePe app from the Play Store on your smartphone.
- Register by mobile number linked with your Aadhaar card and create your free account.
- After that Log in to the app.
- In the PhonePe app, go to “Money” option and click on “Personal Loan” button.
- After that you will see various companies such as KreditBee, Navi, Money View, Flipkart, etc.
- Select any finance company from list to take the loan.
- After that You will be transferred to finance company website, where you needs to fill all loan requirements and details.
- After that click on “Apply Now” button to proceed.
- After that PhonePe personal loan application form will open, fill it carefully.
- Then complete the KYC process using Aadhaar OTP & Set up E-MANDATE for loan repayment.
- Finally By following these steps you can easily apply for a personal loan using the PhonePe app.
PhonePe Personal Loan Interest Rate
PhonePe offers personal loans at attractive and cheaper interest rates. The interest rate for PhonePe personal loans differs from 12.5% to 20% per annum. The exact interest rate varies as per your CIBIL score and selected finance company.
