Hello friends, I welcome you all to today’s article. Friends, I will give you information about how to take personal loan from PhonePe. Friends, today everyone uses a mobile application called PhonePe for digital loans. Maybe you also use it, but do you know that PhonePe also provides loans in collaboration with third parties. If you need a personal loan, then you can fulfill your needs by taking a personal loan from PhonePe because taking a personal loan from PhonePe is very easy.
You can get approval for loan ranging from Rs 1 lakh to Rs 5 lakh in 10 minutes while sitting at your home. But to apply for personal loan on PhonePe, you should have information related to the loan. If you are not aware about it, then you need not worry because in today’s article, we will tell you its complete information in detail so that you can easily take personal loan from PhonePe while sitting at your home and avail its benefits. But for this, you will have to read this article carefully till the end. 
Interest Rates for PhonePe Personal Loan
The interest rate of PhonePe personal loan depends on the rules and conditions of the third party’s application. For applying for a PhonePe personal loan, you would have to pay interest rate as per the application rules and conditions. If you apply for a loan through Money View, you could have to pay interest rate up to 15.96%. In addition, you would also have to pay processing fee which can be from 2% to 8%. You can take a loan from 3 months to a maximum of 5 years on Money View and the conditions and rules of any application can also be generally different.
Eligibility for PhonePe Personal Loan
- Only Indian citizens can apply for personal use over phone.
- The age of the applicant taking personal loan through PhonePe should be at least 21 years or more.
- The monthly income of the applicant taking loan should be at least Rs 15,000 to 25,000 and you should have a certificate of income.
- To take a personal loan through PhonePe it is necessary to have a good CIBIL score.
- You should have all the necessary KYC documents. You need E KYC i.e. your Aadhar card should be linked to your mobile number.
- Employed and self-reliant people can apply for PhonePe loan.
- The applicant taking personal loan through PhonePe should have a good financial transaction record. You should have an active bank account and your Aadhar card should be linked to it.
PhonePe Personal Loan Apply Online?
- To take a personal loan from PhonePe, first of all you will have to open the Google Play Store on your mobile phone.
- After that, you will have to download and install the PhonePe application by clicking on the search option.
- After that you will have to fully activate the PhonePe application through your mobile number and OTP.
- If you are already using the PhonePe application then you will have to update it to the latest version from Google Play Store.
- After updating the PhonePe application from Google Play Store, you will have to open the PhonePe application.
- After opening the PhonePe application, you will see the names of all the companies on the dashboard through which you are provided loan.
- Out of all the companies shown, you will have to click on the company through which you want to take PhonePe personal loan.
- After clicking, the application form for personal loan application will open in front of you.
- In this loan application form, you will have to enter all the information asked for correctly and after entering all the information, you will have to upload all the documents as per requirement.
- After that you will have to check all the information provided by you and after that you will have to click on the submit option.
- After clicking, your PhonePe personal loan application will be successfully approved. The loan approval amount will be credited to your bank account within 24 hours of the application.
In this way, by following all the steps mentioned above, you can easily apply online for PhonePe personal loan while sitting at home.
conclusion –
Friends, in today’s article we have given you information about how to take a personal loan from PhonePe. We have told you about 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 avail its benefits. Friends, if you all liked today’s article then do share this article with your friends.