Hello friends, I welcome you all to today’s article. Friends, today we will give you information on how to take a personal loan using PhonePe. Friends, today digital payment apps are not limited to just sending money and paying bills, but now loan services are also being made available in them. India’s most popular UPI payment app PhonePe is now providing loans up to Rs 5 lakh to its users.
If you also want to know how to take a loan using PhonePe, then in today’s article we will tell you its complete information in detail so that you can easily take a PhonePe personal loan and avail its benefits. But for this you will have to read this article carefully till the end.
What is PhonePe Loan?
PhonePe Loan is a digital instant loan facility through which a user can avail a loan from his home with his Aadhar card, PAN card and bank details. This loan can be availed for personal expenses, business, medical emergency or any other need. PhonePe offers pre-approved loans to users from various NBFCs and Partner Banks.
Documents for PhonePe Personal Loan
If you want to apply online for a personal loan from PhonePe, then you must have some important documents for this –
- Aadhar card
- Pan card
- Bank statement (3 to 6 months)
- Income Proof
- address proof
- passport size photo
Eligibility for PhonePe Personal Loan
- The age of the applicant taking personal loan through Phone Pe should be between 21 years to 58 years.
- The applicant taking a personal loan should have a regular source of income and an active bank account.
- It is better for the applicant taking personal loan through PhonePe to have a CIBIL score of more than 750. Your mobile number must be linked to your Aadhar card and bank account.
How to Get Personal Loan from PhonePe 2025?
Friends, 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 download and install the PhonePe application from the play store of your mobile phone.
- After installing it you will have to open this PhonePe application. If you are already using the PhonePe application then you will not need to update it from Google Play Store.
- After updating, you will have to click on the Personal Loan option to apply for a personal loan through phone application.
- After that the loan application form will open in front of you for applying for the loan. All the information required in this loan application will have to be entered correctly.
- After entering all the information, you will have to choose the loan amount as per your need and after that, all the details will have to be entered for applying for a personal loan.
- After that, to repay the loan, you will have to set up the loan EMI and after that, by entering all the information, you can easily apply for personal loan.
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 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.