Everyone knows how important money is in today’s time. The importance of money is very high in today’s time. In today’s time, you cannot complete any of your work without money. Everyone knows how important money is in today’s time and today everyone wants that they should have money all the time so that they can face every difficult time easily. Everyone wants to earn money but getting work is not so easy. You all know how much the problem of unemployment has increased in today’s time.
But in today’s time, whenever you need money, you have the option to take a loan immediately. You all must be knowing about Phone Pay. Now you can also take a personal loan from Phone Pay. Now Phone Pay is not just a Paytm app, it also gives you loan facility. Let’s start this article without delay and get detailed information about Phone Pay.
How much Loan will I get from Phone Pay?
First of all, let us know how much loan can be taken from Phone Pay 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 Phone Pay, 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 Phone Pay?
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 kind of loan, one should know the time to repay it. The time to repay the loan taken from Phone Pay will be available from 3 months to 5 years and this much time is enough to repay the loan.
How much interest will be charged on taking a loan from Phone Pay?
Whenever you take a loan from anywhere, the interest rate is definitely charged. There is no place where the interest rate is not charged. When you take a loan, you have to pay the interest rate. Now let’s know what will be the interest rate on taking a loan from here. The interest rate on taking a loan from Phone Pay can be from 16% to 39% per annum. This interest rate will be charged according to your profile.
Who can take loan from Phone Pay?
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.
Phone Pay: You must already be using Phone Pay.
What documents are required to take a loan from Phone Pay?
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.
What are the benefits of taking a loan from Phone Pay?
No need to go anywhere: To take a personal loan from Phone Pay, you do not need to go anywhere, you can take an instant loan from home.
Interest rate: The better your credit score, the lower the interest rate will be.
Payment: You can easily repay the loan taken by you through installments.
Minimum documents: Very few documents are required to take a loan from Phone Pay, which is available with everyone.
Financial needs: You can fulfill your financial needs by taking an instant loan from Phone Pay.
How to apply for a loan from Phone Pay?
First of all you have to come to Phone Pay 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.
Notes
Today in this article we learned how you can take an instant loan from Phone Pay from home. Now Phone Pay is not just a Paytm app, you can easily take a personal loan from here. In today’s time, everyone needs a loan very much, if you also need a loan, then you can take an instant loan from Phone Pay from home and your loan will be approved very quickly and will be sent directly to your account. If you have any doubt or question related to Phone Pay, then you can ask in the comment. Thank you for giving so much of your valuable time!
