Phonepe Loans

PHONEPE LOANS

Dear readers you all know Phonepe is India’s payment application. You all are using phonepe for online transactions, mobile recharge, Dth recharge, electricity bill and water bill payments. By this application we are making payments very easily. Phonepe is UPI money transfer & payment application. In this amount will transfer from your Bank account only. Phonepe provide cashless payment service. Phonepe provide loans through Flipcart.com 

PHONEPE LOANS STEPS


1) You need to download Phonepe Application from Google Play Store.
Then you need to register your mobile no on that.

2) Then you need to download Flipcart application.

3) In Flipcart app you need to register with mobile no from which you register to Phonepe.

4) Then you need to go to Flipcart profile in that you need to select Flipkart Pay Later. 

5) You need to activate Flipcart Pay Later. 

6) When you acitvate Flipcart Pay Later you will get an amount of Rs 1000 to Rs 5000 to start with. 

7) Based on user usage limit will increase or decrease accordingly.

DOCUMENTS REQUIRED TO TAKE PHONEPE LOANS

Aadhaar Card in that mobile number should be attached.

Pan Card

CIBIL score 700 plus.

PHONEPE LOANS ELIGIBLITY

Borrower must be 18 years old to take a loan.

Credit Score of the borrower should be more than 700 to get a loan from phonepe. 

Loan is given to make a payment to mobile bills, Flipcart shopping, Electirictiy bill payment etc.

Borrowers no previous loan should be overdue.

PHONEPE LOAN INTEREST RATE

Phonepe gives a loan with Zero percent Interest. 

Phonepe provides instant loans.

Phonepe provides loans for 45 days. 
(Its just like credit card loans you need to repay it wihtin 45 days)

If borrower couldn’t able to repay the loans within 45 days then he need to pay the late fee. 

CONCLUSION:

In this article you get to know about Phonepe Loans details, its features, eligibility, how to apply for loans and its steps. Hope you got all information required. Dear readers if you have any questions kindly comment.

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