how to take loan from phonepe app

PhonePe Loan

How to take PhonePe Loan

Guys, first I would like to tell all of you that what is PhonePe?

PhonePe is an online money transaction application, you can do mobile recharge, a bill for anything, and send money to anyone with the help of PhonePe.

Here, you also get a system of UPI which makes our life very easy. PhonePe works with an association of more than 140 banks.

PhonePe app is most used app in India for money-related work, it has more than 10 Crore+ downloads on the Play Store, so you can get ideas from this.

You must know that how important money is in our life. You can't survive without it at all because at present, without money you can't avail food, shelter, clothes and treatment in case of illness.

If you are working in any Company or Firm where your payment is 8,000 to 12,000 0 rupees per month. Due to an emergency, you need money, because you don't enough money in your hand.

In such a condition, we get very worried that now what should we do, from where did we get the money and solve this problem?

Now, it comes to your mind that why not borrow money from any of your friends and when I have it, I will return it.

You go to your friend and tell him that you need some money. It is not necessary that he is not passing through the same problem. So, if he refuses with cutting a sorry figure.

You get very disappointed that where the money will come from now. You don't have any other sources to take financial help in this situation.

Everyone has a smartphone, and your mobile can always solve your money problem by taking a loan. Now you come to know that a way to take money, that is a loan?

You have come to know that you have to take a loan, but you do not know how to take a loan. Now you get worried about how to take a loan. There is absolutely no need for you to worry about this matter.

Here, I am describing how you can apply for a loan online with the help of PhonePe. If you search on Google, you will find many types of loan offered by various companies for different periods of time.

But today I am going to tell you about the PhonePe loan. You must have used PhonePe in your life if you have a Smartphone. Can you really take loan from PhonePe? The answer is YES, you can take loan from the PhonePe.

Today, you are going to know in this post how you can apply for a PhonePe Loan. What documents are required while taking a PhonePe Loan?

What is the time period to pay it back after receiving PhonePe Loan? How many days do you get, after taking a PhonePe loan, and many more in this post.

How to take Loan from PhonePe App Step by Step

With the help of PhonePe, you can do an Online Transaction, Recharge, Bill Payments. PhonePe makes much of our work very easy, and with this we can send and receive money immediately without any problem.

You also get the benefit of a BHIM UPI, so that you can pay online and offline at any store. You can make all kinds of payments from this app, and now I will tell you the process through which you can take PhonePe Loan.

 How PhonePe gives loan?

Guys, I would like to tell you that PhonePe does not give you loans. But don't worry, it is medium to provide you a loan. It gives you a loan in association with Flipkart.

Now, what is this loan, and how you can get it?

To take PhonePe Loan, first you have to download PhonePe App from the play store and register with your phone number, but you have already downloaded and register it. If done, it's even better

Now, you will have to download another app to take PhonePe Loan, whose name is Flipkart. You will also have to register it with the same mobile number with which you had registered in a PhonePe.

Then, you have to activate Flipkart Pay Later by going to your Flipkart profile. In this process, you have to provide some documents

What are the documents required to take PhonePe Loan?

  1. Aadhaar Card
  2. PAN Card
  3. CIBIL (Credit) score must be 700+

After activating your Flipkart Pay Later, you will get amount between 1,000-50,000 rupees as a loan.

Now you have to open your PhonePe account and clicking on My Money in it will show you the payment method there, your Flipkart Pay Later will be activated automatically.

How much will the PhonePe Loan interest charge?

You will get PhonePe Loan without any interest, you can use this loan for 45 days without any interest.

Where to use PhonePe Loan?

You can use your PhonePe Loan amount inside PhonePe App to pay your Insurance premium, Electricity Bill, Mobile and Digital TV (Dish TV, Airtel Digital etc) recharge,Flipkart Shopping, and many more things

You can't transfer this loan in your bank account.

Steps to follow for PhonePe Loan?

  •  First, you have to download the PhonePe application from Google Play Store or App Store.
  • Then you have to register it by entering your mobile number.
  • After the Mobile number, you have to link your bank account with it.
PhonePe Install
  • Again you have to download another application, Flipkart.
  • After downloading, you have to register with the same mobile number with which you registered in PhonePe.
Flipkart-Install
  • Then you have to register yourself in its Pay later.
  • It will ask you to upload your documents to it.
PhonePe-Aadhar-verficiation
  • Once you upload your required documents, and submit it.
  •  Now, you will get a Loan limit.
PhonePe Final Submit
  • Again, you have to open PhonePe.
  • Then you have to click on the My Money option.
  • And you have to take this loan on PhonePe.
  • Now you can use this loans

FINAL WORDS

Friends, in this post, you came to know 

  • How can you take a loan from PhonePe?
  • How much PhonePe loan is available? 
  • How many days PhonePe loan is available for? 
  • What documents will be required while taking PhonePe loans? 
  • For how much time period does PhonePe give loan?

We get it, we have got all this today.

If you face any problem while taking a loan, then you comment us. If you liked the information given through us, then definitely share it with your friends.

Thank you very much for giving such a valuable time.

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