Hello friends, I welcome you all to today’s article. Friends, I will give you information about how to take personal loan through PhonePe. Friends, the country knows that the application for lending money is on PhonePe and now through this same PhonePe application you are being given personal loan. Do you need a personal loan for your household expenses or children’s school fees or for any other work,
then now you can very easily take a personal loan through PhonePe because in today’s article we will explain in detail the process of applying for personal loan through PhonePe application so that you can easily take a personal loan through PhonePe and avail its benefits. For this you will have to read this article carefully till the end. 
What is PhonePe Loan?
Friends, PhonePe is a type of instant digital merchant loan from where you can take a loan of Rs 50 thousand to Rs 5 lakh and that too online from the comfort of your home and you get time from 3 months to 30 months to repay the loan. Here you get the option of many loan lenders from whom you can take a loan by choosing the right loan interval and as soon as your loan is approved your loan amount is sent to your bank account.
Things to keep in mind before taking a loan from PhonePe
- You must keep in mind that PhonePe does not provide loans on its own, it is given through a lending partner i.e. the loan provider, if we talk about them now, are Lendenclub, aditya birla finance, LTD Muthoot Fincorp One and PayU Finance India private limited.
- If you receive Rs 25,000 per month in your PhonePe business merchant account i.e. through your OR code, then you can get a loan from here.
- You should be trustworthy to take a loan through PhonePe, if not then just start using your PhonePe today and you will get the loan today itself.
- PhonePe gives loans only to those who are running business, shops etc., i.e. those who take payments through PhonePe Business.
- When you take a PhonePe business loan, you will have to set up a mandate for automatic payment.
- Talking about repaying the loan, at the time of loan application, the time for which you take the loan and whatever loan you are going to repay through EMI installments will be automatically deducted from your earned money every day.
- Before taking a loan from PhonePe, apply for the loan only after reading their loan agreement carefully.
How to take personal loan from PhonePe?
If you want to apply online for personal loan from PhonePe, then for this you will have to follow all the processes mentioned below step by step, which will be of this process –
- To take a personal loan from PhonePe, first of all you will have to install the PhonePe Business app.
- If it is already installed then you will have to update it and open it and after that you will have to click on the Get Loan banner.
- Now you have to choose whichever loan offer you feel is right and you have to choose the amount of loan you want to take.
- After that, you will be asked for your personal details for KYC completion, then you will have to write them.
- After that, after KYC Verification and policy check, you will have to properly check the loan details and all the information you have given and then click on Continue.
- After that you will have to review the Loan Agreement and Key Fact Statement.
- After that you will have to click on continue to accept the loan agreement.
- After doing all this, as soon as your loan is approved, your loan money is sent to your bank account within 1 to 2 days.
conclusion –
Friends, in today’s article we have given information about how to take a personal loan from PhonePe and have explained its complete online application process in detail so that you can easily take a personal loan from PhonePe while sitting at home and can also get its benefit. Friends, if you all liked today’s article then please share it.