Everyone needs money, in such a situation if you need money immediately in your bank account then there are very few friends and family members who help you in this. But now the time has changed, now you don't need to ask for money from anyone, you can take a loan from PhonePe very easily. In this post, We share complete info of How to Get Loan from Phonepe account in 2023. Here is the full process to take phonepe loan easily with 0% interest rate. Phonepe personal loan info is available here, read this article completely.
PhonePe Instant Loan - Flipkart-owned payments company PhonePe has recently launched low interest loans for its customers. Here is, you can see how to apply for a PhonePe loan, document requirements for a Phone Pe loan, the amount you can get from PhonePe, and the percentage interest that PhonePe charges for the loan.
Here we will help you to know how you can earn money from PhonePe. We will share the complete guide to get money from your personal needs, business needs, shopping needs and more. After reading this post you can easily take loan from your phonepay account. So without delay let's start.
Table of Contents
What is Phonepe Loan?
PhonePe Loan is a type of payment app with the help of which you can make payment easily. It is a UPI based payment method that transfers payments from one account to another through the UPI payment system.
This is such a feature of phonepe that you can take a loan for yourself. With this, money is deposited directly into your bank account on taking a loan. You just have to verify a few things. At the same time, you become able to take a loan from it immediately.
How PhonePe gives loan?
PhonePe does not provide loan directly but PhonePe helps you to get loan from their parent company Flipkart. You need to connect to both the apps to get the loan.
Documents required to get 0% interest loan:
- Aadhar Card (It must be Attached to your mobile no.)
- Pan Card
- Cibil Score (700+)
PhonePe Loan Apply Details:
|Loan Provider Name||Phonepe|
|Loan Type||Instant Personal Loan|
|Eligibility||You must have a Flipkart & Phonepe Account.|
|Maximum loan amount||60,000|
Loan amount always matters as the loan amount is meant to meet your needs. If the loan amount is not sufficient, it will be unusable. With PhonePe, you can get loans up to Rs 10,000 to Rs 50,000 instantly. It is similar to a credit card, where you can get a loan with no interest.
Phonepe Instant Loan Interest Rate:
PhonePe provides you loan with very low interest rate. Loan up to 45k is given to you only at 0.34% interest.
How to get PhonePe Loan with 0% Interest Rate in 2023-22
To get a PhonePe Loan, first you need to download the PhonePe app from the Play Store and register with PhonePe. With PhonePe, you need to download the Flipkart app and register with the app with the same number as with PhonePe. Once, the registration is complete, you need to go to your profile segment and activate the Flipkart Pay Later option. Along with this activity, you need to submit some documents required by Flipkart.
PhonePe has started this loan lending service for a long time. He has started this instant loan service for the convenience of Phonepe users. With the help of this, you can easily take a loan for yourself that too through the PhonePe App. If you want instant personal loan from PhonePe, then first you need to download PhonePe app. Then it has to be linked to Flipkart PayLater, from there you get a loan on your PhonePe App. But before that you also have to fill some important qualifications to get the loan.
How to Take Loan from PhonePe in 2023?
Let us now know how you can take a loan with the help of your Phonepe app. Before that, make sure to create a Flipkart account if you do not already have one. After that you get an option on Flipkart itself for Flipkart Pay Later, which you have to choose.
Once you have selected that option, then you also have to create a Flipkart Pay Letter account. If your CIBIL score is correct then you can easily get a good loan. After doing all these procedures, you have to come to your PhonePe app and click on My Money option.
When you click on that option, then the balance of all your UPI accounts is visible in front of you, while the PhonePe wallet is also visible in front. At the same time, you will also see the loan amount which is issued through Flipkart Pay Later. You can easily use that loan amount according to your need.
Application Process (Online/Offline):
The application process is completely online, as you call the process on the PhonePe application. There is no offline branch available for PhonePe. They are growing rapidly and with the inclusion of this loan facility, they will be even more successful. The application process is completely hassle free and convenient. You don't need to do much paperwork to pass it. You just need to install two applications and you need to provide same mobile number in both the applications.
Let us look at the steps by which you can easily get a PhonePe loan:
- Step I – First of all you have to download phonepe application from play store or any other app store.
- Step II – Then you have to register in it with the same number. Which is linked to your bank account and your Aadhar card.
- Step III - Now you need to install Flipkart app from play store or any other app store.
- Step IV - Now you have to register on Flipkart with the same number with which you had registered in Phonepe earlier.
- Step V - Then you need to submit all the details about yourself and you need to do a little KYC on Flipkart application.
- STEP VI - Once your KYC is successful, any amount from 1000 to 10,000 will be credited to your Flipkart account. It should later be renamed as Flipkart Pay. If you are good with it then the amount will increase.
- STEP VII - Now it's your turn, you can easily do the Pay Later Credit through PhonePe.
Phone Pe Loan Repayment Process:
Once you have taken a loan, then you also have to repay that loan in time, if you are unable to do so then you may have to pay a penalty in it. By the way, you can also pay the loan amount in installments.
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 have to visit the Customer Portal which is on the PhonePe App.
|PhonePe Customer Care No.||080-6872 7374|
|TOLL FREE NUMBER(S):||1800 102 1482 (Ethics Helpline)|
|ALL INDIA NUMBER(S):||080-6872 7374022-6872 7374|
How PhonePe gives loan?
Phonepe offers loans through its parent company Flipkart. You need to connect to both the apps to get the loan.
Does PhonePe offer loans now?
No, at present PhonePe does not provide PhonePe loans. But it used to do this before.
Can loan be paid through PhonePe?
Yes friends, loan can be filled through PhonePe. Along with this, you also get cashback in many places.
Is PhonePe safe to pay loans?
Yes, PhonePe is 100% safe and secure for loan repayment. Because Yes Bank is behind this. At the same time, all payments are done through secure banking networks. At the same time, this app does not even save any of your user data or passwords.
Is PhonePe approved by RBI?
Yes, PhonePe has been licensed by Reserve Bank of India. At the same time, his Authorization Number is 75/2014, which was given on 22 August 2014.
Is it easy to get a Phone Pe loan and does not require any income proof?
Yes, it is the easiest loan available, and does not require any income proof. This is the reason why they offer loans of only a small amount.
Where can I use Phone Pe Loan?
The PhonePe loan can be used within the PhonePe app itself. For example, you can pay credit card bills, mobile bills, recharges, flipkart shopping, electricity bill payments, loan EMIs, etc. available on the app. One cannot transfer the loan amount to their bank accounts.
I hope you must have liked my article on how to take loan from PhonePe. After reading this, you must have easily understood the important information about how to get a PhonePe loan. It has always been my endeavor to provide complete information about loan to the readers so that they do not have to search any other sites or internet in the context of that article.