PhonePe Instant Loan: You can now get personal loan from the Phone Pe mobile application also. Phone Pe is famous for transaction activities through upi and QR code. Now the mobile application is taking forward a new step to provide extra facilities to their existing customers. The bank is providing various amount of PhonePe Instant Loan 2023 according to the eligibility and the condition of the customer. the best feature of PhonePe Instant Loan 2023 is that you will get this loan amount in few minutes only without any physical documentation and verification. so if you are also willing to get phone pay personal loan 2023, then you should read this article carefully to know all terms and condition, PhonePe Instant Loan 2023 eligibility criteria, application procedure, interest rates etc.
PhonePe Instant Loan 2023 [Personal Loan]
There are multiple third party mobile applications are available in the play store which are providing transaction facilities to their customers including Google Pay, Phone Pe, Paytm etc. All these apps are now promoting and enhancing their features to provide more Facilities to their customers. The owners of PhonePe has recently make a contract with various financial companies and banks, which are providing the PhonePe Instant Loan amount to the customers of PhonePe. The company has not providing the loan amount itself, but it is providing a single platform for some specific financial companies and their customers. All the companies have fixed their criteria to provide PhonePe Personal Loan 2023 to customers of PhonePe. if you are fulfilling their criteria then you will get Pre Approved Loan notification in your PhonePe mobile application from the specific Bank. If you are agree with the terms and condition of the company then you can apply online for Phonepe Pre Approved Loan 2023.
PhonePe personal loan Eligibility 2023 [get a loan on PhonePe]
- Applicant should be Indian citizen only
- Only existing users of phonepe app will get opportunity to ask personal loan.
- The personal loan section is not available for all the customers of phonepe, but only Few customers can use this new feature.
- If you are using phonepe mobile application app for day to day transaction, then you will automatically get the pop up link for phonepe personal loan in your mobile application.
- Your cibil score should be more than 700 to get personal loan.
- applicants have to complete their e KYC on phonepe mobile application to use personal loan feature.
Documents for PhonePe Loan Offer 2023
You have to enter the information of your documents in the phonepe mobile application at the time of applying online PhonePe instant personal loan. so you need to carry the following documents while applying:
- Aadhar card of the candidate
- pan card
- Bank account number and IFSC code
- Registered mobile number with bank account and Aadhar Card and phonepe mobile application.
Apply online for PhonePe Instant Loan 2023
Follow this procedure to apply online for personal loan of phonepe mobile application:
- First of all you have to Phonepe app Install on your mobile phone.
- Now you have to register yourself on the mobile application and click on the loan section
- now you have to click on the phone pay my loan link
- In this action you can see the loan offer from various banks according to your eligibility.
- You have to select anyone loan offer and click on the apply link
- Enter your basic details including name, pan card details, bank account number etc.
- Once you select the phonepe loan amount and the EMI to repay the loan you will OTP from the bank
- You need to read all the terms and condition for the particular Bank of phonepe personal loan and submit the OTP number.
- After that you have to verify your all the details by entering documents number in the mobile application according to the bank’s criteria.
- once you have entered your all the information you have to double check your information and click on the submit link.
- The bank will send you final OTP message in your registered mobile number with phonepe mobile app.
Once you enter the OTP in the application, the bank will process your phone pe application and provide the loan amount in your bank directly after deduction of all the charges and processing fees.
You should remember that phonepe will not ask any interest rates from their customers but various banks will ask the interest rates on the personal loan which you have asking from mobile application of phonepe. So if you are agry with the interest rates then you can take the personal loan from this mobile application.