Phonepe instant loan- The Flipkart owned payments company Phonepe has recently launched low interest loans for its customers. 

PhonePe is India’s Payments App, They are revolutionizing easy cashless payments! Make lightning fast money transfers, pay your bills in a few clicks, pay easy.

It is one of the secure payment options to transfer money, even if you are a BHIM UPI user or Credit card, Debit card user, you can easily use Phonepe to transfer you amount from one account to another.

Documents required to get 0% interest loan

• Aadhar Card (It must be Attached to your mobile no.)
• Pan Card
• Cibil Score (700+)

Once the documents are submitted in flipkart app will be verified by customercare.

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Steps to get Phonepe instant loan

• First download the Phonepe app from the play store Click here. And register yourself with the phone number linked to your bank account.
• And now download Flipkart app from Playstore Click here. And register yourself with the phone number as same as your Phonepe account.
• Go to the pay later option in Flipkart app. That you can easily find in your profile.
• Once your Flipkart pay later is activated You can easily get Rs.1000 to 5000 to start with and the limit will increase accordingly.
• Now open Phonepe app and go to Mymoney and there go to payment method there select flipkart pay later option for automatic payment

What is the interest rate for phonepe instant loan

There is no interest, you heard it right absolutely 0% interest rate for the first 45 days. 

Where can you use phonepe instant loan

You can use the loan amount for anything you wish to buy for Credit Card, Mobile bill, Recharge, Flipkart shopping, Electricity Bill Payment, Loan EMI and even shopping in myntra and much more.

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