Apply Phonepe Loan – Complete Process Step by Step

In this article we are going to tell you about how we can take phonepe loan. What are the documents required and how to take loan from phonepe in detail.

What is Phonepe and Phonepe Loan

PhonePe is a payment app that allows you to do any kind of transactions and payments. You can get money transaction, electricity bill payment, fast tag payment, insurance payment, loan repayment and many more services in this application.

How Phonepe give loan ?

PhonePe is a huge company which has a collaboration with the Flipkart app, which helps with the loan delivery. Individual/customer who wants to learn how to get loan from PhonePe ? Continue reading the post in its entirety.

How much loan can I get from PhonePe?

Phonepe offers loans ranging from ₹5,000 to ₹50,000. PhonePe and Flipkart will first check your civil score, which should be more than 700.

How to take loan from Phonepe?

First and foremost, how to get a Phonepe loan online :

  • Friends, first of all you have to download Phonepe App from Play Store.
  • If you already have Phonepe App, then you have to register on Phonepe App.
  • After that, you have to install another app named Flipkart Shopping App from Playstore, in which you have to register with the same phone number from which you created your Phonepe App Account, and then you have to open your Flipkart App.
  • Follow these steps to enable the Flipkart Pay Later feature (How to get a PhonePe loan) When you go to the profile, you will be asked for some documents.
  • Now, on PhonePe, important documents like Aadhar Card, PAN Card and Civil Score will have to be uploaded.

What are the documents required to take loan from Phonepe?

  • Aadhar card
  • Pan card
  • Civil score

When you activate Flipkart Pay Later, you will get a loan of Rs 1,000 to Rs 50,000. After that, you need to open your PhonePe app and navigate to My Money, where you will see the option to use your Flipkart Pay Later as a payment method. You can use it to make payments in the Phonepe App.

How much interest do we charged on Phonepe loan?

Friends, you get a loan of 84 days without interest, and you can use it for 84 days without any extra charges or interest.

Where can we use Phonepe Loan?

Friends, we can use Phonepe Loan to pay credit card bills, mobile recharges, Flipkart purchases, electricity bill payments, and loan repayments within the Phonepe App, but we cannot transfer this loan to our bank account. Lets get to the phonepe loan process.

Phonepe Loan Apply Step by step process

  1. To get started, download the Phonepe app from the Google Play Store (click here to download). Then you have to register on the PhonePe app by entering your mobile number.
  2. After that, you need to add your bank account to Phonepe App using your Upi Id.
  3. After that, you need to download another application called Flipkart from Playstore, which can be found by clicking here.
  4. After that you have to do it in Flipkart with the same mobile number, which you registered in Phonepe App.
  5. After this you have to register for Flipkart Pay Later.
  6. After that, you will need to upload the requested document, and you will be given a budget.
  7. After that launch Phonepe and select My Money option.
  8. After that, you have to take loan in Phonepe.
  9. After that, you will be able to use this loan money.

These were the basic steps with the help of which you can apply for Phonepe Loan in simple and easy steps without any hassle. All you need to do is follow these simple steps in order to take loan from phonepe.


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