Hello friends, I welcome you all to today’s article. Friends, I will inform you how to take a personal loan through PhonePe. Friends, if you need to take a loan, you can get a loan of Rs 10,000 to 5 lakhs through PhonePe while sitting at home. The interest rate charged on the loan depends on the app from which you are applying for the loan. This is because the terms and conditions of all the apps can be different.
To take personal loan from PhonePe you can use any app which together with PhonePe offers personal loan. As you know PhonePe provides digital transaction facility but at the same time it also offers loan in collaboration with third party apps. If you also want to take personal loan from PhonePe, then in today’s article we will tell you its complete information in detail so that you can take personal loan easily. For this you all will have to read this article till the end. 
How does PhonePe provide personal loan?
There are a lot of doubts about the names of many users regarding PhonePe personal loan. We would like to inform you that you cannot apply for a direct loan through this app. PhonePe provides loans through some other application; therefore, if you want to take a PhonePe personal loan, you will have to download the apps of those partnership companies with whom PhonePe provides loans to the users.
Documents required to avail personal loan from PhonePe
If you want to apply for a personal loan from PhonePe, then you will have to submit all these documents –
- aadhar card
- pan card
- bank account
- salary slip
- a selfie
- mobile number linked to aadhaar card
Eligibility for PhonePe Personal Loan
- To take a personal loan from PhonePe, please ensure that you are an Indian citizen.
- The age of the applicant taking personal loan through PhonePe should be at least 21 years or more.
- Check whether you have all the KYC documents available.
- Make sure you have any source of income in the form of security i.e. this loan is only for employed or non-employed persons.
- To take personal loan from PhonePe your CIBIL score should be 650 or more.
- Make sure that your monthly income is at least Rs 25,000 so that you can easily avail a personal loan.
How to take personal loan from PhonePe?
Friends, if you want to apply online for personal loan from PhonePe, then for this you will have to follow all the steps given below, which will be of this type –
- To take a personal loan from PhonePe, first of all you will have to open the Google Play Store on your mobile phone and after that you will have to search for PhonePe App in the search box of Google Pay Store.
- After that you will have to install PhonePe application in your mobile phone.
- After installing you will have to open this application. After opening it you will see the dashboard of the application on your phone.
- After that, on the home page of the dashboard, you will see loan options like Money View or Poonawala and Buddy Loan or any other sponsor company through which you will have to click.
- After that, to apply for a personal loan you will have to enter all your personal information. After entering all the information, you will get to see the loan approval amount as per the information provided by you.
- Now you will have to choose the loan amount as per your requirement and click on the next option.
- After that enter the bank details and sign the loan agreement and complete E KYC to receive the loan amount.
- After that you will have to click on submit option and after that your application for personal loan will be successfully completed.
- After the application, your application will be scrutinized and the loan approval amount will be credited to your bank account.
conclusion –
In today’s article, we have given 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 liked today’s article, then please share it.