PhonePe Loan – 0% Interest Rate 2023 | Apply Now

This page includes step by step guide on How to get the PhonePe Loan.

Before applying for any kind of loan from any apps and banks you need to check out the following details

  1. First Checkout whether your mobile number is linked to your Aadhar Number or not if not you need to link the mobile number to Aadhar Number otherwise the approval chances for a loan will below.
  2. we need to study the details of the loan providers so let me cover a brief introduction about PhonePe.

Okay, coming back to the point let me cover the brief introduction about PHONEPE.

STEP 1: ABOUT PHONEPE

PhonePe is a money transaction application where people usually use this application for

  • Online UPI Payments
  • Online Investment
  • Applying for Insurence
  • Making Mobile Recharges etc.
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STEP 2: WHO CAN APPLY FOR PHONEPE INSTANT LOAN

Basically, anyone with the application of PhonePe can apply for this loan and this loan is meant for everyone.

If you don’t have a PhonePe application download from the below download link from the google play store and get an instant loan from PhonePe.

If you are a new customer to PhonePe then you need to register your mobile number and link your bank account and personal details in the PhonePe application and after doing all this you will get a password from PhonePe.

If you want more security for your application you are free to add your fingerprint, phone screen lock, and also pin or password.

STEP 3: DOCUMENT REQUIRED FOR APPLYING PHONEPE LOAN

In order to get instant PhonePe Loan approval, you need to be more careful while entering the details which are mentioned below

  • Aadhar Card(Before applying for checkout wheather you Aadhar number is linked to your mobile number or not).
  • PAN Card
  • Cibil Score shoud be 700+.

STEP 4: HOW TO APPLY FOR PHONE PE INSTANT LOANS

Step 1:Download the PhonePe application.

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Step 2:Link your mobile number and bank account.

Step 3:Add the required details carefully.

Step 4:After that you need to activate Flipkart Pay Later then you will get Rs.1000-50,000.

Step 5:Once Flipkart Pay Later is activated then head on to the phone pe application and click on My Money option and there it will show an option of payment method and in that your loan amount will be shown.

Note: You can’t transfer this loan to your bank account.

STEP 5: HOW TO APPLY FOR 0% INTEREST RATE IN PHONEPE

This is the cool thing you can get 0% of interest rate on the loan and it’s only for 45 days.

Interest Rate Starts @0%

Smart Coin Personal Loan

STEP 6: WHERE TO USE PHONEPE LOAN

The following are some of the payment methods where you can use your PHONEPE loan

  1. Mobile Recharge
  2. Credit Card
  3. Mobile Bill Payment
  4. Flipkart Shopping
  5. Electricity Bill Payment etc.

STEP 7: APPROVAL TIME FOR PHONEPE LOAN

After completing all the about mentioned steps you need to wait for the approval time.

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Usually loan approval time period for the PhonePe will be around 45 days, you need to wait for it and enjoy it once you get the loan amount

If in case you won’t get the loan then you need to check out the entered details correctly or not once again.

The chances of rejection will be higher if your CIBIL score is not good.

Checkout your CIBIL score here

For easy loan approval, your CIBIL Score should be closer to 900.

Download PhoePe Application:

STEP 8:PHONEPE CUSTOMER CARE NUMBER AND EMAIL ID

  • Customer Care Number:-080-68727374/022-68727374
  • Send Message:-Click Here
  • Contact Details:-Ashford Park View, Site No-9 Industrial Layout, Kormangala 3rd Block, 80 ft Road Banglore-560034.

FAQ: FREQUENTLY ASKED QUESTIONS

  1. How Many days it will take for phone pe Loan approval?

45 days

2. What is CIBIL Score?

The CIBIL Score is the 3 digit summary of your credit history and it will usually range between 300 to 900.

3. Which one is good for loan approval in terms of CIBIL score higher or lower?

Higher the CIBIL Score than there will be higher chances of getting a loan.

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