In Today Generation All Users using Google Pay. now user can taken a loan 10000 to 10lakh on google pay. who people are eligible for loans will be provided a substantial sum with a reasonable annual interest rate. To be qualified for any type of bank loan, you must meet certain requirements. The loan will be paid back using the bank account linked to your Google Pay account. how can you taken loan from google pay all details given under this article. for more details read below.
You have seen the QR codes in small shops you can revieve money from customers.
using google pay you can do transactions simple way so people save her time user not need to go from bank to transfer money.
by using this App You can transfer up to 1 lakh rupees in to another person without go bank.
Google Pay started attracting customers by offering cashback on each transaction. People received cashback up to 1000 rupees in the starting which later changed to discount coupons of various companies.
As the number of users increased, it became much easier to understand by this App people’s spending capacity and income as Google Pay has to be linked to a bank account you can be used.
Here’s where banking giants like Federal bank, IDFC bank, and DMI finance spotted a huge opportunity.
Loan amount
- At the time All Google Pay users are eligible for the loans are being offered amounts ranging from 10 thousand up to 1 lakh rupees you need to return in 36 months you need to pay return with 15% annual interest rate.
- This offer Also for those user who are new to credit customers. You can also taken this offer if you have good credit history.
- The credit history has established if you taken the loan before from another App or bank or anywhere. Your credit history can be a good indicator if you have repaid the loan in time without missing or delaying your monthly EMI.
Eligibility Criteria
- If your daily Tranjection in your Account, you are eligible to receive a pre-approved loan offer. Pre-approved loan offers are hassle-free, minimum documentation loan offers that you get as banks consider you an eligible customer to meet the demands of a loan offer.
- To be qualified for any type of loan from a bank, you must meet specific criteria. Credit cards, personal loans, business loans, home loans, and property loans are all options.
- you need to Having a good transaction history: if you have made a good number of transactions using Google Pay, than you are eligible for the loan.
- The banks’ perspective is that they evaluate the user’s average bank balance and determine if the user can afford the EMI and whether the funds will be accessible in his account on the due date.
- First you must Click on the money tab on your Google Pay screen and click on Loans.
- Now You can also tap on the loan offers section in the Google pay app.
- In the offers section, you will see pre-approved loan offers.
- Now select one of them which one you want taken.
- You can check the duration and the EMI options and select the one that can be managed by you easily.
- Fill up All the needed information and review it before submitting it.
- Once you apply, you will get an OTP. enter captcha code given below.
- Now Submit that OTP and wait for the bank to check your application.
- After the bank reviews the application, you can check the status in your loans tab.
- Bank processing fees and stamp duty of a loan will be deducted from your account Before the banks transfer the funds to your account,
- After this deduction is made, the funds will be transferred to your account.
- Support Mail ID: support-in@google.com
- Online Support: https://support.google.com/pay/
- Toll Free Number: 18554925538
- Complaint Phone Number: 18889867944
- Customer Service Number: 18004190157
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