Google Pay is giving Personal Loan of up to 10 lakhs, know who can take loan and how to apply
Digital Wallet Google Pay (GPAY) It is a partnership with many banks of the country and providing personal loans. The bank is providing instant personal loans ranging from 30 thousand rupees to 10 lakh. The loan duration ranges from 6 months to 5 years. In such a situation, if you are preparing to take a loan from Google Pay, then some things should be known how much interest you will have to pay. Also, how can you apply for a loan through Google Pay. Let us give you all the information.
Interest from 10.50% to 15%
If you take a loan from Google Pay, you may have to pay interest from 10.50% to 15%. The rate of interest is fixed on the basis of credit score. The process of taking the loan is completely digital and no paper is required to submit. The age of the person taking a loan must be at least 21 years. It is also necessary to be a source of regular income. EMI payment is deducted from your bank account.
How to apply for loan
- Open the Google Pay app and go to the Money Tab.
- See offer available in Loans section.
- Tap on the available offer and follow the instructions.
- Upload KYC documents and e-sign on Loan Agreements.
- After loan acceptance, the amount will be deposited directly to your bank account.
Loan payment process
The monthly EMI of the loan through Google Pay is deducted directly from your linked bank account. Therefore, it is necessary to maintain enough balance to avoid penalty. During the loan application, the reinstatement schedule including the dates and zodiac signs is reported.
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