How to Get PhonePe Loan with Low Interest Rate in India

How to Get PhonePe Loan with Low-Interest Rate in India: Nowadays everyone needs money in some way or the other. In today’s time, you do not need to ask for money from anyone, there are many such applications in the market, through which you can easily get a loan. For this your Aadhar card should be linked with mobile number. With which you will be able to get the loan, that too at home.

Among many applications, PhonePe is one such application form which you can take a loan. You can recharge your mobile number, recharge DTH and do other recharges as well. You can get loan very easily from this application.

How to get Loan from PhonePe in 2021?

First of all, you have to login to PhonePe, and after that you should have a Flipkart account, if not, then create a Flipkart account. After that you get an option of Flipkart Pay Later on Flipkart itself, which you have to choose.

How to get loan against Fixed Deposits?

Once you have selected that option, you will also need to create a Flipkart Pay Later account. If your CIBIL score is good then you can easily get a good loan. After doing all these procedures, you have to come to your phone pay app and click on the “My Money” option.

When you click on that option, you will see the balance of all your UPI accounts, while PhonePe Wallet also appears in front of you. Along with this, you will also see the loan amount that is issued through Flipkart Pay Later.

You do not need to do much paperwork for this. You just need to install two applications and you have to provide the same mobile number in both applications.

To get a loan from PhonePe, follow the steps given below:-

Step 1 – First of all, you have to download and install the PhonePe application from Google Play Store.

Step 2 – Then you have to create an account in it with the same number. Which is linked to your bank account and your Aadhar card.

Step 3 – Now you have to install the Flipkart app from play store or any other app store.

Step 4 – Now you have to register on Flipkart with the same number with which you had registered in PhonePe earlier.

Step 5 – After that, you need to complete your KYC.

Step 6 – Once your KYC is successful, any amount from 1000 to 10,000 will be credited to your Flipkart account.

Step 7 – And finally you can easily do Pay Later Credit through PhonePe.

What is PhonePe Loan?

PhonePe does not provide loans directly to its users but PhonePe helps you to get loan from their parent company Flipkart. You need to log in to PhonePe in Flipkart to avail of the loan.

Documents Required to get a PhonePe loan?

Aadhar Card
Pan Card

Phonepe Loan Interest Rate

PhonePe provides you loans at very low-interest rate. Loan up to 45000 is given to you at low interest. which is 0.34% is the interest rate.

NOTE: Once you take a loan, you have to repay that loan on time, if you are not able to do so then you may have to pay more interest in it.

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