PhonePe Loan

The key details of the PhonePe personal loan are as follows:

• The entire Phone Pe loan process is digital, making your financial journey quick and hassle-free. 
• Instant loan disbursal of up to Rs. 5 Lakhs directly to your bank account on approval.
• Pre-approved loans make faster loan processing possible.
• Competitive interest rates, starting from 13% p.a., make your loan affordable and manageable.
• Flexible tenure of up to 60 months.
• The loan can be foreclosed without any prepayment penalty.
• You can easily avail and manage the Phone Pe loan online through the PhonePe app.
• You can view your statements, repayment schedules, and get a No Dues Certificate directly from the app.

Below are the PhonePe loan interest rate and charges details:

Below is the comparison table for the personal loan availed through the PhonePe loan app with other app-based personal loans:

If you meet the eligibility criteria given below, you can easily opt for the Phone Pe loan apply online process:

• The applicant must be an Indian resident citizen.
• The applicant should be between 18 and 21 years of age when applying for the loan.
• The applicant should be up to 60 years of age when the loan matures.
• The applicant must have a credit score of at least 700 (depending on the lender’s policy).
• The applicant should not have any existing loans.
• The applicant should have a phone number linked to their Aadhaar Card and bank account.
• The applicant must have an active bank account.

If you want a PhonePe loan apply online instantly with the following documents:

• Aadhaar Card: Linked to your mobile number for your identity and address proof
• PAN Card: Required for identity verification
• Bank account: The applicant must have an active bank account
• Income proof documents
• Passport-sized photographs

• Download and install the PhonePe app on your smartphone and read the Phone Pe loan details.
• Choose from a range of pre-approved loan amounts and flexible tenures.
• Enter a few basic details about yourself.
• Complete a hassle-free and secure digital KYC process at your convenience.
• Set up and schedule your payments through UPI autopay or eNACH.

Reach PhonePe loan customer care team by call: 080-68727374/ 022-68727374