Hello friends, I welcome you all to today’s article. Friends, in today’s digital era, taking a loan has become much easier than before. Earlier, for a loan, one had to wait in long lines at the bank, many documents and many other things, but now one can apply for a loan in just a few minutes through the mobile app. PhonePe is not only a digital payment platform but now it also provides loan facility to its users and business partners. If you own a business and use the PhonePe app, you can apply for a loan directly from the app. Today’s article will explain the details. You’ll need to read this article to the end.
What is PhonePe App?
PhonePe is a digital payments app that allows users to perform online transactions like money transfer, mobile recharge, DTH recharge, electricity bill payment, etc., and now also offers online personal loans. The PhonePe app is available to download from the Google Play Store. The application has been downloaded over 100 million times and has a good rating of 4.3.
How to take a personal loan from PhonePe?
Friends, if you want to apply online for a 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 format –
- To take a personal loan from PhonePe, first of all you have to open the Play Store of your mobile phone and after that you have to click on the search option and search by writing PhonePe and install the PhonePe App.
- If you are using PhonePe from Apple then first of all you will have to update it from Google Play Store app.
- After the update, to apply for a personal loan through PhonePe, you will first have to open the PhonePe application.
- After opening it, you will see its dashboard, now you will get the option of Personal Loan on the home page itself, on which you will have to click.
- After clicking on the personal loan option, a new page will open in front of you. Now, in this new page, you will get to see the loan approval amount on the home page itself, which will be of this type –
- After that you will have to click on the Apply Now option to apply for personal loan.
- On clicking, in the next step you will get to see all the approval status of the loan along with the loan approval amount.
- After that, you will need to click on the continue option to apply for the loan. Upon clicking this, the loan application form will open on a new page for applying for a personal loan through the PhonePe application.
- Now in this loan application form you will have to enter your personal information like your name, date of birth, gender, PAN card, employment type and all other information.
- After that you will have to complete the KYC verification process and now you will see the loan approval amount and you will have to setup autopay to repay the loan.
- After setting up AutoPay, you will have to complete the loan agreement for the loan amount to be disbursed through PhonePe.
- After that, you will have to easily apply for the loan by entering all the details and after that the loan approval amount will be transferred.
conclusion –
Friends, in today’s article, we have given you information about how to take a personal loan from PhonePe. We have explained its entire 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.