Phone Pe Personal Loan 2024-25: You all must be aware that Phone Pe is a mobile application, through which you can easily do digital transactions. But now Phone Pe is also giving personal loans to all the needy people. If you need money, then you can take a loan of Rs 10 thousand to Rs 5 lakh from PhonePe in just 5 minutes. You can apply for this loan through online medium.
Phone Pe is a digital transaction mobile application, through which you can easily transfer money online to any person sitting at home. But now Phone Pe is giving personal loan from third party. If you also want to apply for Phone Pe Personal Loan, let us tell you that Phone Pe is giving loan with the help of Third Party Application. To apply for Phone Pe Personal Loan, you have to first download the app of Phone Pe’s partner companies. After this you can apply online.
If you want to take a personal loan on PhonePe, then first you have to register in PhonePe Business App. After this you have to apply online for personal loan by downloading PhonePe third party application through Google Play Store or App Store.
Phone Pe Personal Loan 2024-25 Overview
| Article Name | Phone Pe Personal Loan 2024-25 |
| Loan Type | Personal Loan |
| Application Name | Phone Pe |
| Beneficiary | All citizens of the country |
| Loan Amount | Rs. 10,000 – 5,00,000/- |
| Application Process | Online |
| Official Website | https://www.phonepe.com/ |
Eligibility Criteria for Phone Pe Personal Loan 2024-25
All citizens applying for Phone Pe Personal Loan are required to follow all the eligibility criteria given below.
- First of all, the citizen applying for Phone Pe Personal Loan must be a native of India.
- The minimum age of the citizen applying for this loan has been fixed at 21 years.
- The monthly income of the applying citizen should be more than Rs 25,000.
- The citizen applying for this loan must have documents related to the loan.
- The CIBIL score of the citizen applying for Phone Pe Personal Loan should be more than 700.
Interest Rate for Phone Pe Personal Loan 2024-25
Phone Pe Personal Loan does not have an interest rate, because Phone Pe provides loans through its third party application (Flipkart, Kredit Bee, Money View, Bajaj finserv, Navi, Payme India). Its interest rate depends on the application you apply for.
If you apply for a loan through the Money View application, you will be charged an interest rate of 15.96%. Along with this, you will also have to pay an application processing fee. In this way, the interest rate will be different for different applications.
Documents for Phone Pe Personal Loan 2024-25
Every person applying for Phone Pe Personal Loan must have all the following required documents to apply.
- Aadhar Card & PAN Card
- Voter ID Card
- Salary Slip
- Bank Account Details
- Last 6 Month Bank Statement
- Mobile Number & Email ID
- Passport Size Photo etc.
How to Apply Phone Pe Personal Loan?
All citizens applying online for Phone Pe Personal Loan are required to follow the following steps.
- To apply online for Phone Pe Personal Loan, you must first download the PhonePe Business Application.
- After this, you have to register with your mobile number in the “Application”.
- Later you have to link the “UPI ID” to your bank account.
- Now you have to tab on the option of “See All” given in the option of “Recharge & Bills” given in the dashboard of the application.
- Later you have to select the option of “Financial Services & Taxes”.
- After this you have to click on the option of “Loan Repayment”.
- Now the list of “Third Party Companies” will open in front of you.
- You have to select the company from which you want to take a loan.
- You have to download the application of the company you have chosen.
- Now open that application and register with the same number with which you have registered on PhonePe.
- After this you have to enter all the information asked in the application.
- Now you have to select the type of personal loan.
- After this, you have to enter your bank details and scan and upload all the required documents.
- Finally, after this process is completed, all your information will be checked and if everything is correct, the loan amount will be transferred to your bank account.
- In this way you can easily apply for Phone Pe Personal Loan online.
Important Links
| Official Website | Click Here |
| Application | Click Here |
