How to take loan from Google Pay, know the method

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How to take loan from Google Pay

If you need an urgent loan, business loan or personal loan, then Google Pay Can also be a good option for you. small loan i.e. small loan Google has many Banks and NBFCs Has tied up with. With its help you 15000 You can take loan up to Rs. You do not need to go anywhere for loan related paper work, rather all the paper work will be done online. The good thing is that it does not require much paper work. let us know Google Pay or GPay How to apply for loan through.

In this article:

How to apply for loan through Google Pay

If you want to apply for a loan through GPay, then follow the process given below.

step 1: You should be the first to get instant, business or personal loan. Android.apps.nbu.paisa.merchant&hl=en&gl=US” class=”external” rel=”nofollow”>Google Pay for Business app Must be installed.
Step-2: After signing in to the app Loans Have to go to the section. after this offers Go to tab.
Step-3: Then after selecting the loan amount you want get started Tap on.
Step-4: After this you Lending Partners on the website of redirect Will be done.
Step-5: Here you will find your Google Account Must sign in from.
Step-6: then your personal details Enter.
Step-7: now here loan amount And Duration Select it.
Step-8: after this final loan offer Please review. If the offer suits you, then e-sign on loan agreement Do it.
Step-9: Now you will get your KYC documents upload Will have to do.
Step-10: after this EMI payment for you eMandate or else NACH Must be setup.
Step-11: Now apply for your loan Submit Do it.

If for some reason you leave the application, restart it and then go to the offers tab. Let us tell you that after disbursal, in Google Pay for Business app My Loans under section loan status Can review.

Who can take loan from Google Pay?

Anyone meeting the loan criteria of Google Pay can avail the loan. Recently Google Pay has started an initiative for new credit customers. In this, it has partnered with many banks like Federal Bank, DMI Finance etc. to provide personal loans to those people. Customers can apply online for any loan between Rs 10,000 to Rs 1 lakh.

What is the eligibility for Sachet Loan from Google Pay?

To get a sachet loan from Google Pay, you have to fulfill some conditions, which are as follows:

  • The age of the applicant should be between 21 to 57 years.
  • The applicant's income i.e. salary should be deposited in the bank.
  • Must have at least 600 credit score on CIBIL or Experian.

Documents required for loan from Google Pay

If you want to apply for Google Pay Loan online, you will need the following documents:

  • pan number
  • In KYC verification, the mobile number should be linked to the Aadhar card.
  • You also need to enable auto-debit facility. This can be done using NACH form, debit card or net banking.

Questions and Answers (FAQs)

Does Google Pay itself give loans?

No, Google Pay does not give loans directly to the users, rather the company has partnered with major lenders to provide loans. However, you can choose from many pre-approved loan offers here.

How to pay EMI through Google Pay?

Google Pay offers auto-debit facility for EMI payments. Then the EMI will be paid from the bank linked to the Google Pay account.

What is the interest rate for Google Pay Loan?

Google Pay has given a list of loan providing institutions in the business section. From here you can choose anyone as per your convenience. However, the interest rate depends on what the loan offer is and which location you have chosen to provide the loan. The interest rates for loans available on Google Pay Business app start from 1%.

What happens if there are not enough funds in the account for auto debit?

If there are not enough funds in the account for EMI payments, you will have to pay a fine and this may also damage your credit score.

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