Google Pay personal loan-Google Pay is giving a loan of Rs 10 lakh without any paperwork. If you are also concerned about the loan, then don’t worry, we are telling you the easy method step by step by which your problem will be solved easily and you will also get a personal loan. Along with banks and NBFCs, Google Pay has also joined this business.
Google Pay personal loan (G-Pay)-Digital Wallet
Google Pay Personal loan is a very easy way to get money immediately. Digital wallets have also come into this business now. G-Pay is providing personal loans in partnership with the country’s leading banks and NBFCs. In this, banks and NBFCs are providing personal loans from 30,000 to 10,00,000. The duration of this loan is from 6 months to 5 years. If you are also taking a loan from Google Pay, then you must be aware of some important things.
How to apply for Google Pay personal loan ?
Step 1. Open the Google Pay app and go to the Money tab.
Step 2. Go to the loan section and then see the available offers.
Step 3. Read the terms and conditions by looking at the available loan.
Step 3. Upload KYC documents properly and e-sign your loan agreement.
Step 4. The loan amount will be credited to your linked bank account within 24 hours after approval.
Who can apply for a google pay personal loan.
Note that if you also want to take a loan from Google Pay, then your age should be above 21 years and you should have a regular source of income so that you can repay the loan on time because many people do not pay EMI on time due to which there is a possibility of bank and NBFC losing money and the account becomes NPA, your CIBIL score should be good, the transactions from your bank account should be good so that approval comes quickly and there is no chance of rejection. Otherwise, due to bad CIBIL score and low transactions from the account, your loan will not be approved.
How much can interest rate
Google Pay personal loan-If you take a loan from Google Pay, then you can be charged an interest rate of 11.25% to 15% per annum, the interest rate will be decided by looking at your CIBIL i.e. credit score, if you want to check your credit score then click here, you will not have to pay any fee, let me tell you that the entire process of taking a loan is digital, there will be no need to submit any document.
Loan repayment process
The EMI of the loan amount taken from Google Pay personal loan can be both weekly and monthly, the loan EMI will be deducted from your linked bank account automatically, never pay the loan late or else a penalty may be imposed, to avoid penalty it is important to maintain sufficient balance in the account, the repayment schedule including due date and amounts is given to you while taking the loan. So always be alert and keep paying the EMI on time.
If you want more detail’s read about any kind of loan then click here.
FAQ.
Q.- Is it safe to take a loan from Google Pay?
Ans.- Yes is it safe or easly process from your app.
Q.- What is the interest rate of Google Pay loan?
Ans.- Google pay loan interest rate is 10.50% to 15% per anm.
Q.- How do I borrow from Google Pay?
Ans.- Direct apply from your google pay app.
Q.- Can I get EMI on Google Pay?
Ans.- Yes you can choose avail EMI from issuer bank or NBF’c or you can also converted your purchased item EMI in google pay app.
