You all must be knowing about PhonePe. Now you can also take personal loan from PhonePe. Now PhonePe is not just a Paytm app, it also gives you loan facility. Let’s start this article without delay and get detailed information about PhonePe.
How Much Loan Will I Get from PhonePe?
First of all, let us know how much loan can be taken from PhonePe today. When you take a loan from anywhere, you should know how much loan you will get so that you can know how much loan you need. Now let us know how much personal loan you can take. From PhonePe, you can easily take a personal loan of Rs 10 thousand to 5 lakh which is enough to meet your needs.
How Much Time Will I Get To Repay The Loan From PhonePe?
When you take a loan from anywhere, you have to repay it and a time is fixed for it and the loan taken has to be repaid within that time. Therefore, before taking any type of loan, one should know the time to repay it. The time to repay the loan taken from PhonePe will be available from 3 months to 5 years and this much time is enough to repay the loan.
Who Can Take Loan From PhonePe?
- Indian: You must be an Indian citizen.
- Age: Your age should be between 21 years and 60 years.
- Credit Score: Your credit score should be 750 or above.
- Earnings: You must have a source of income every month.
- PhonePe: You must already be using PhonePe.
Which Documents Are Required?
- Aadhar Card: You must have Aadhar Card.
- PAN Card: You must also have your PAN Card.
- Mobile Number: Your mobile number should be linked to your Aadhar Card.
- E-mail ID: You must also have your personal e-mail ID.
- Income Proof: You must also have proof of your income.
How To Apply for A Loan from PhonePe?
- First of all you have to come to PhonePe app in your mobile and you will get a loan offer, click on it and you will be shown how much loan offer you will get, now you have to click on continue below.
- After this, first of all you have to give your basic details, first you have to fill in your PAN card number, after this you have to fill your name which is on your PAN card, after this you have to enter your date of birth, after this you have to choose your gender.
- After this you have to tell whether you are salaried or self-employed, after this you have to fill your monthly income, after this you have to tell why you want to take a loan, after this you have to enter your e-mail ID and fill your full address and click on continue.
- After this you have to fill in your Aadhar card number and an OTP will come on the number linked to your Aadhar card, which has to be filled and proceed.
- After this, you will be shown complete information according to your Aadhar card, if you want to change something then you can change it otherwise click on confirm.
- After this, according to the information given by you, you will be shown how much loan you can get and you can also reduce the loan amount and all the details of the loan will be visible to you.
After this you have to complete your KYC, you have to upload the photo of your Aadhar card from both the front and back side and you have to click and upload a selfie and your KYC will be completed.
After this you will have to give your bank details, first enter the name of the bank, then bank account number and IFSC code and the loan amount will be sent directly to your account.
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