Hello friends, I welcome you all to today’s article. Friends, I will inform you how to take a personal loan through PhonePe. Friends, nowadays it has become very easy to take a loan on the digital platform. If you also have an urgent need of money and you do not have any strong documents, then you can get an instant loan through an application like PhonePe.
PhonePe is now providing you the facility of getting a loan of Rs. 50,000 easily and quickly. By which you can fulfill your needs by taking a loan. In today’s article, we will tell you all the details about it so that you can easily take a personal loan from PhonePe 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 type of instant digital merchant loan. Where you can avail a loan of Rs. 50,000 to Rs. 5 lakhs, that too online from the comfort of your home. Also, 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 avail a loan by choosing the right loan interest and as soon as your loan is approved, your loan amount is sent to your bank account.
Eligibility to take loan from PhonePe
The most important thing to take a loan from PhonePe is to be eligible for it. That is why before applying for a loan on PhonePe, it is very important for you to know whether you are eligible to take a loan on PhonePe or not?
- The person taking loan should be a principal resident of India.
- The age of the applicant taking personal loan through PhonePe should be between 21 years to 58 years.
- The applicant should have the required documents along with his/her monthly income should be more than Rs 15 thousand.
- The CIBIL score of the applicant taking personal loan through PhonePe should be 750 or more.
- The immigrant must have a bank account in which the money can be deposited and withdrawn properly.
How to take personal loan from PhonePe?
Friends, if you want to apply 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 process –
- To take a personal loan from PhonePe, first of all you have to install the PhonePe Business App. If it is already installed then you will have to update it and open it.
- After that you will have to click on the Get Loan option.
- Now you will have to choose whichever loan offer you feel is right and you will also have to choose the amount of loan you want to take.
- After that, you will be asked for your personal details to complete KYC, which you will have to write correctly.
- Now after KYC Verification and policy check, you will have to check that the loan details and all the information you have given is correct and then click on Continue.
- After doing all this, as soon as your loan is approved, your loan money will be sent to your bank account within 1 to 2 days.
By following all the steps mentioned above, you can easily apply online for personal loan from PhonePe while sitting at home.
conclusion –
Friends, in today’s article I 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 get its benefit. Friends, if you all liked today’s article then please share this article.