Google Pay is providing personal loans. Through this fast and easy facility, you can get an instant personal loan of ₹ 30,000 to ₹ 10 lakh. The loan period can be from 6 months to 5 years. So, if you are thinking of taking a loan from Google Pay, then you should know some important things about the interest rates and the application process. Let us give you complete information! Now your important financial needs will be fulfilled in the blink of an eye.
Interest rates from 10.50% to 15%
If you take a loan from Google Pay, then you may have to pay interest from 10.50% to 15%. The interest rate is fully decided based on your credit score. The better the credit score, the more likely it is to get a loan at a lower interest rate. The entire process of taking a loan is digital and there is no need to submit any paper. The person taking the loan should be at least 21 years of age. Also, having a regular source of income is mandatory. EMI payment is deducted directly from your bank account. This process makes taking a loan extremely convenient.
Easy application process for a loan with Google Pay
Firstly Open the Google Pay app and go to the Money or tab.
Check out the available offers in the Loans section.
Upload KYC documents and e-sign the loan agreements.
Once the loan is approved, the amount will be credited directly to your bank account.
This simple and fast process helps you get a loan without any hassle.
EMI payment will be done directly from the bank account
The monthly EMI of the loan taken through Google Pay is deducted directly from your linked bank account. Hence, it is important to maintain a sufficient balance to avoid penalties. The repayment schedule, including due dates and amounts, is mentioned during the loan application. This ensures that you are always up-to-date with your payments.