Hello friends, I welcome you all to today’s article. Friends, I will give you information about how to take personal loan using PhonePe. Friends, whenever a person needs money, he thinks about taking a loan, but taking a loan from a bank is not that easy.
If you go to take a loan from the bank, then they will tell you about a very long paperwork process and to complete that process you will have to visit the bank several times. But in today’s article we will tell you all the details about it so that you can easily take a personal loan from your phone sitting at home and avail its benefits. But for this you will have to read this article carefully till the end. 
Eligibility to take loan from PhonePe
- The person taking personal loan through PhonePe should be a citizen of India and should have an Indian bank account.
- The age of the applicant taking personal loan through PhonePe should be at least 21 years and the maximum age should be up to 60 years.
- The applicant taking the loan should have a good credit history so that it can be ensured that he is capable of repaying the loan installments on time.
- You should be a person with a regular income who can prove your income.
What are the benefits of taking a loan from PhonePe?
- The advantage of taking a personal loan from PhonePe is that the process of getting a loan from PhonePe is very easy. The loan gets approved within a few minutes of application and the amount gets transferred to your bank account.
- Through PhonePe you can take a personal loan ranging from Rs 5 thousand to Rs 5 lakh, depending on your need.
- There is a lot of competition in the interest rate on taking a loan through PhonePe, which is lesser as compared to banks. Generally, the interest rate on PhonePe loan ranges between 12% to 24%.
- You need fewer documents for a PhonePe loan. After submitting some basic documents like PAN card, Aadhar card and bank account details, the loan gets approved quickly.
- You do not need to go anywhere to take a loan from PhonePe, you can apply for a loan sitting at home just through the app.
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 open a PhonePe account in your mobile phone.
- If you are a new user of PhonePe, then first of all you will have to register your mobile number linked to your bank account in PhonePe.
- After registering with PhonePe using your mobile number, you will have to link your bank account with PhonePe. Linking your bank account with PhonePe is very easy.
- After that you will have to download another application whose name is Flipkart. You can download this application with the help of Google Play Store.
- After downloading, you will have to enable “Pay Later” option from Flipkart.
- After that you will be asked for some important documents like your Aadhar card and PAN card, you will have to upload these documents.
- After applying, a loan limit will be shown to you and you will be given loan according to that limit only.
- If your loan becomes successful as per the loan limit, then you will have to open the PhonePe application and click on the My Money option.
- After doing all this you get a loan from PhonePe.
In this way, by following all the steps mentioned above, you can easily apply online for personal loan on your phone while sitting at home.
conclusion –
Friends, in today’s article I have given you information about how to take a personal loan from PhonePe. I have told you about its complete online application process in detail so that you can easily take a personal loan from PhonePe by applying online while sitting at home and can also avail its benefits. Friends, if you all liked today’s article then please do share this article.