Google Pay Personal Loan: Google Pay Personal Loan: Learn how Google Pay offers a seamless personal loan experience that allows you to secure loans of up to 10 lakhs in minutes. Know eligibility criteria, application process and more.
In a groundbreaking move, Google Pay has unveiled its latest offering – an instant personal loan facility. Partnering with DMI Finance Pvt Ltd, Google Pay aims to revolutionize the credit landscape by providing users with quick and convenient access to loans within minutes. Learn the details, eligibility requirements, loan terms and easy application process of this remarkable service in this article.
Google Pay Loan – Overview
| Article Name | Google Pay Loan 2024 |
| Name of the Bank | Google Pay |
| Application | medium online |
| Who Can Apply? | Every Google Pay User Apply |
| Loan Amount | ₹50,000 Up to ₹800000 |
Who can take loan from Google Pay?
Following are the conditions for taking loan from Google Pay –
To avail yourself of a Google Pay personal loan, it is important to maintain a good credit history. Only customers with favorable credit record will be eligible for this facility. DMI Finance will identify pre-qualified users based on their credit worthiness and extend personal loan offers through the Google Pay platform.
- You must be above 21 years of age for loan approval.
- To take loan from Google Pay, you must be a user of this application. The new user should use Google Pay for a few days, and then he can apply for the loan.
- Google Pay loan is provided only to Indian citizens.
- For loan approval you must have a good civil score and have a bank account in your name from where you will pay the loan.
Google Pay Personal Loan Features 2024
Google Pay is a popular application which is mainly used for online payments. Personal loans have also been available through this application since some years. Google Pay has collaborated with DMI Finance Limited and offers personal loans through it.
Google Pay provides loans in collaboration with DMI Finance, and it takes just 5 minutes to get the money in your bank account. The loan tenure can be from 5 months to 4 years and for this you have to pay an annual interest of 13.9%. Additionally, you can repay your loan with the help of EMIs as low as ₹500 per month.
Google Pay Personal Loan Amount: Users can secure a personal loan up to Rs 10 lakh through the Google Pay platform.
Repayment Period: To provide ease and convenience to the borrowers, the maximum repayment period can be 36 months.
Instant Sanction: With a simple digital loan disbursement process, eligible users will receive loan disbursement in real-time, enabling lightning-quick access.
Documents required to apply for Google Pay Loan
If you want to apply for Google Pay Loan, then you can easily take loan from Google Pay. But for this you will have to prepare the necessary documents first and only then you will be able to easily take Google Pay Loan. The documents required to apply for Google Pay Loan are as follows –
- Aadhar card
- PAN card
- income certificate
- current mobile number etc.
- passport size photo
- Salary slip for salaried employee
- ITR for self employed
- Address proof
- civil score if any
Benefits of Google Pay Personal Loan
Swift Disbursement: In urgent situations requiring immediate leverage, Google Pay Personal Loan offers a quick solution. Once your application is approved, the loan amount will be disbursed within minutes.
Wide Availability: Google Pay’s personal loan facility is accessible in more than 15,000 zip codes, allowing users from various locations to avail the service.
Seamless Experience: Borrowers can enjoy a hassle-free and seamless lending experience by leveraging Google Pay’s user-friendly interface and DMI Finance’s streamlined loan process.
You can repay your loan by paying ₹500 every month
When we take a loan, the biggest problem is how we will repay it. But when you take a loan using the Google application, the first advantage is that nothing is pledged and no collateral documents are required.
After this you are given 4 months to 4 years time to repay the loan. If the loan is very small and you can pay it off immediately, it can be paid off all at once. Usually, if the loan is a little big, which you don’t want to repay in one go, EMI facility is provided. While applying you will be asked to choose the EMI amount and tenure. You can choose a minimum amount of 480 rupees per month as EMI and in this way you can clear your loan in some time by paying some money every month.
How to Apply for Google Pay Personal Loan?
- Install the Google Pay app on your device
- Open the app and select the Money option under “Promotions”.
- Click on “Google Pay Instant Loan Offer”.
- Opt for DMI Finance
- Explore the available loan offers and decide the loan amount you require.
- Complete the application process as per instructions.
- Once approved, the loan amount will be credited to your bank account instantly.
Google Pay Personal Loan Usefull Links :
| Google Pay Personal Loan | Click Here |
| Install Google Pay App | Click Here |
| Home page | Click Here |