PhonePe Personal Loan: PhonePe is giving personal loan of 50000, in 5 minutes money account

PhonePe Personal Loan: Nowadays, whenever we need money, we either borrow from a friend or relative or take a loan from the bank, which takes a long time, like 3 to 10 days. Apart from this, if you take a loan from PhonePe application, then it can benefit you a lot and also save a lot of time, which is available in a very short time and at a very low interest rate. Let’s know about it in detail – nowadays many government, semi-government and private companies are ready to give loans, you just need to apply. One such company that gives loans to people through PhonePe. There are some common ways to take a loan from PhonePe, about which we are telling you.

Phonepe loan details

Application name	PhonePe
Type of loan	Personal Loan
Play Store Rating	4.3 Star
Total number of downloads	100 Million +
Loan amount	5,000 – 70,000 rupees

PhonePe

what is phone pe app

Phone Pe is an Android app through which you can easily do many transactions sitting at home. With the help of this app, you can complete many tasks like recharging your phone, checking bank balance, paying electricity water bill, booking gas cylinder etc. in minutes.

That too without visiting the concerned offices. Along with this, you can also take loan easily through this app. Let us tell you that you will get this loan without interest for 84 days.

PhonePe Se Loan Kaise Le

PhonePe is a UPI App through which we can send money to someone else’s bank account or receive money from them. You can also check your bank account balance or statement. Apart from this, you can avail other facilities related to bank account. On taking loan from PhonePe, the amount is sent to your bank account. For this you have to fulfill certain qualifications. PhonePe has been providing loan service to its customers for a long time. Under this, Instant Loan Service has been started for the convenience of the users. With its help, you can easily take loan through PhonePe App. Under this, loan up to Rs 60 thousand can be taken. The link to download PhonePe App is given in the table below.

PhonePe Loan Eligibility

For this, the minimum age of the applicant should be 18 years.
The beneficiary must have a PhonePe account.
Aadhar Card and PAN Card are required.
For this, the applicant should not have already taken any loan.
Also your CIBIL score must be 700+.

How to apply for phonepe loan

Do you also want to take a loan from your phone while sitting at home but you do not have any knowledge about taking a loan, then do not worry. Here the complete process of taking loan is given step by step below. Phonepe Se Loan Kaise Le: By following these steps, you can easily take a personal loan from phone. sorts of

First of all, install phonepe app in your phone.
The direct link of the apps is given in the table below.
After installing the PhonePe app, open the app in your mobile.
Then after that you will have to click on the option of view All from the section of Recharge and Bill.
After clicking on the View All area, options for many banks and companies will be visible.
Download the app of all these banks and companies from which you want to take a loan.
After that now you have to select the amount for which you want to take the loan.
After that all the documents will be asked from you. How to take loan from PhonePe, whose information you will have to fill carefully and correctly.
After uploading the documents, you will have to wait for the loan approval.
If you are found eligible for the loan, your loan will be approved and the amount will be immediately transferred to your bank account.
You can take your loan through this easy process.

How to check PhonePe Loan application status?

You have applied for loan from Phonepe. But how will we know the loan application status? How to take loan from PhonePe? So for this we have told you the correct ways to check the application status of PhonePe Loan.

First of all, you need to know the PhonePe partner on which you have applied for the loan. Open its application first.
Here you have to click on the option of My Money.
Now you have to click on the Loans button.
After this you have to click on the option of View Details.
Here you can see information about the application status of your loan.

Documents for PhonePe Loan

When you apply for a loan, you need all these documents –

Aadhar card
PAN card
Keep your bank account statement for the last 3 months with you.
Address proof (ration card, electricity bill etc.)
A selfie is taken to verify the photo in the Aadhaar card.

PhonePe Loan interest rate

When you have decided to take a loan from PhonePe, then you will have to use the Digital Landing Platform. In which what should be the interest depends on the rules of the platform prescribed by you for the loan.

If you have selected Money View platform, then here you have to pay annual interest ranging from 16% to 39% and you will also have to pay its charges. Like – processing fees and GST charges.

PhonePe Loan Repayment Process

Once you have taken a loan, you have to repay the loan on time, if you are unable to do so then you may have to pay a penalty. However, you can pay the loan amount in installments also.

Phonepe Loan Customer Care Number

If you want to contact PhonePe’s Customer Service Center for information related to any payment-related issues, then you will have to visit the Customer Portal which is on the PhonePe App.

Benefits of taking loan on PhonePe online loan app

PhonePe has very easy processes to take a loan in which you can apply for the loan by following only a few steps.
As soon as you get approval for the loan, the loan amount is sent to your bank account shortly after.
The user is given many options to repay the loan so that there is no problem in repaying the loan.
This app is absolutely safe, here you can get loan without any fear.
There are many options to save money in PhonePe, like – Cashback is one advantage with which you can save a lot of money.
Disadvantages of taking loan from PhonePe
Just as you are given benefits in PhonePe, it also includes some disadvantages which are very important for you to know so that you can understand it well and have all the information to take the right decision.

What are their disadvantages are presented in detail below

At present, PhonePe gives the option to avail the loan to only a limited number of people. These benefits are not given to all users.
In this, their process to get loan can be very difficult which is not possible for the credit user.
Interest rate in PhonePe can be higher than that of banks.
Here you have to complete the entire process online to take the loan, which makes it difficult for the users who have less knowledge about the internet, due to which they face difficulty in taking the loan and are not able to take the loan.
Even after all this, everyone complains that high charges are taken which are not favourable.

PhonePe Customer Care Number

If you face any problem in taking loan from PhonePe, then you can feel free to call the customer care of PhonePe and tell about your problem. The support staff of PhonePe is very good. We have given you the customer care number of PhonePe below.

PhonePe Customer Care No. – 080-68727374 / 022-68727374

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