What is Phone Pe?
Phone Pe is an online transaction application that is widely used for bills payment, recharge and for receiving & sending money.
How Phone Pe provide Loan?
Phone Pe does not provide the loan itself. It collaborates with Flip kart and offers you a loan.
How you can get loan from Phone Pe?
Here are steps for getting loan from Phone Pe.
- Download Phone Pe AAP from play store.
- Register your mobile number.
- Download Flip kart.
- Register with same mobile number from you registered in Phone Pe App.
- Go to the Flip kart profile page and activate Flip kart Pay later.
- Submit the desired documents needed for loan by uploading them.
How much amount of loan do you get from Phone Pe instant loan?
Phone Pe provides a minimum amount of Rs. 10,000 to 50,000 as an instant personal loan.
Rate of interest on Phone Pe loan
Phone Pe personal loan is free of interest for 45 days. You may use this amount of loan free of interest.
Time period for repaying Phone Pe loan
It is interest-free for 45 days.There are minimum of two months and maximum of six months for repayment of loan.
How to use Phone Pe personal loan?
There is no limitation for using Phone Pe personal loan amount, you may spend it on any of your needs. Phone Pe never asks to you that how will you use your loan amount.
How to get business loan from Phone Pe?
Phone Pe does not provide business loans like Paytm. But you can take a personal loan and can use it to grow your business.
Features of Phone Pay loan
- There is no limitation for use to Phone Pe loan.
- It is interest-free loan for 45 days
- Less documentation and hassle free
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