Pre-approved loan will be available on Gpay and PhonePe | RBI Policy- Watch Video

Many times will are in urgent need of money. In such a situation, customers have to make a lot of visits to the bank to get the loan. But, nowadays many UPI apps like Google Pay, PhonePe have also started providing instant loan facility to their customers. With the help of this app, you can easily get the loan as soon as possible without much documentation. Recently, the big UPI app company PhonePe has also started this facility for customers.

UPI Loan 

Let us tell you that to get a loan from Phone Pay, Google Pay, you have to take a loan from the parent company of all these apps. For example, if the customer wants to get a loan from PhonePe, he will have to get the loan approved by its parent company Flipkart.

Along with this, the CIBIL score of the customer should be above 700 and you should also have PAN card and Aadhaar card. So let us tell you about the process of taking loan through Google Pay, Phone Pay-watch video.