How to get loan from BharatPe – Interest Rate, Eligibility, Loan Amount, Documents

Friends, in today’s era of inflation, many people need money. For which he takes loan from the bank or borrows money from his relatives. But you may feel shy to borrow money from relatives and it also takes you a lot of time to get a loan from a bank. You are given a loan after several visits to the bank.
But if I say that apart from these two methods, you have another method as well, through which you can take loan from mobile in just 10 minutes while sitting at home. Yes friends, BharatPe gives you loan in just 10 minutes.

What is BharatPe

Bharat Pay is a Payment App, through which we can pay with UPI, Debit Card and Credit Card. It was started on 20 March 2018 by Shashwat Nakrani and Ashneer Grover in New Delhi. At present, more than 1 crore people have downloaded the Bharat Pay app. From this you must have come to know that this is a reliable app. Today Bharat Pay also provides you the facility of loan. So if you need urgent money, then you can take a loan from Bharat Pay.

Who can take a loan from BharatPe

Any citizen of India can take loan from BharatPe.
You must be 21 years of age to avail the loan.
You must have a source of income every month.
You must have a good CIBIL score
You should have Bharat Pay application in your mobile and your account should also be there.

How much loan can be availed from BharatPe

Bharat Pay gives loans ranging from 10,000 to 10 lakhs. But how much you will get depends on your CIBIL score and monthly income. If your CIBIL score and monthly income is good, then the loan will be more, otherwise it will be less.

What will be the interest rate on BharatPe loan?

You will have to pay an interest rate of 21% to 30% annually to Bharat Pay. This interest rate may be a bit high for you, but Bharat Pay has given loans to millions of people till now. Along with the interest rate, you will have to pay a processing fee of 2% of the total loan amount.

For how many days the loan is available from Bharatpe

Bharat Pay gives you a minimum of 3 months and a maximum of 15 months to repay the loan. And you have to make loan repayment in Bharat Pay application only.

(Read More – How to take loan from Bank of India)

Documents required for taking loan from Bharatpe

  1. PAN Card
  2. Aadhaar Card
  3. Water ID, Ration Card or Passport for Address Proof
  4. Bank Account (the bank in which you want to take the loan money)
  5. Bank statement of last 3 months
  6. E-mail ID
  7. Link mobile number with Aadhaar card

How to apply for loan on BharatPe

There is a very easy way to apply for India Pay Loan, which we are going to know here today. But for this you have to do all the things mentioned below step by step.

step – 1
It is very important to have BharatPe app in your mobile to take loan from Bharat Pay. If you already have this app in your mobile, then open it.
But if not, then you have to download BharatPe app from Play Store and create your account in it.

Step – 2
Open the Bharatpe app, you will see the option of Bharatpe Easy Loans, in which you have to click on Apply Now below.
If you do not see the option of Bharatpe Easy Loans there, then at the very bottom you will see the option of Loans. There you have to click.
Step – 3
Bharatpe gives you the facility of pre-approved loan. This means that only people who use the Bharatpe app get the loan. If you do not use Bharat Pay then you cannot get the loan.
But if you use Bharat Pay for a few days, you will also get a pre-approved loan. Here your loan amount is also fixed in advance. The higher the amount you transact in Bharat Pay, the higher the loan you can get.
Along with this, here you will be told how much interest you have to pay, in how many months you have to repay the loan and how much EMI you have to pay.
Step – 4
After that you have to click on Get Loan Now below. After that you have to give your address.
After giving the address, a new page will open in front of you, in which you have to enter your PAN card number and pin code number. Below you have to right click and click on check Loan Eligibility Now.

Step – 5
After this you have to do KYC, for this you have to add bank account first. After the bank account, you have to add your PAN card, in which you have to upload the PAN card number and its photo. Similarly we have to upload the details of Aadhaar card.
After this, you also have to upload a selfie of yours.
Step – 6
After uploading all the things, Bharat Pay app will tell whether you are eligible for the loan or not. If you are eligible, then you will have to click on the option below and within a few hours the loan money will come into your bank account.

Leave a Comment