Google Pay is a popular payment transaction app that also provides an instant personal loan. You can get up to 2 lakh instant loans through Google Pay.
Google Pay partners with different lenders to provide an instant loan. This is a 100% digital loan. Let’s start the process to apply for Google Pay instant loan.
Google Pay Loan Quick Recap
| Loan Amount | Up To 2 Lakh |
| Interest Rate | 15% – 36% p.a. |
| Tenure | 3 – 36 month |
| Age Required | 18 years or above |
| Income Required | NIL |
| Processing Fees | Up to 5% of the loan amount |
| Who Can Apply | Salaried Person / Self-Employed / Student |
Benefits of Google Pay Instant Loan
Digital Loan: Google Pay is a fully digital personal loan. This is a fully online process. You can apply from home.
Minimum Documents: You will require minimum documents to get the loan. Aadhaar Card & Pan card need to apply for the loan.
Flexible EMI: Get 3 to 36-month loan repayment tenure. Choose loan duration as per your requirement.
Higher Loan Amount: Google Pay is offering up to 2 lakh instant loans. You can get the loan amount if you have a good credit history.
Anyone Can Apply: Students, Self Employed, Housewives and Salaried personal can apply for google pay the instant loan. This loan is available for everyone.
Lower Interest Rate: Google pay provides a lower interest rate for an instant loan. Interest rate starts from 15% to 36% per annum.
Also Read: Can I apply personal loan from two banks
Google Pay Loan Interest Rate, Fees & Charges
| Interest rate | 15% to 36% per year |
| Processing Fee | 3% of the loan amount |
| Late Payment Fee | Applicable |
| Defaulter penalty | Applicable |
| Minimum Loan Tenure | 3 month |
| Maximum Loan Tenure | 36 month |
Google Pay Instant Loan Eligibility
You should follow the basic eligibility criteria to apply for the loan:
- 720+ CIBIL Score
- Indian Citizen
- Age required 18 years or above
- Aadhaar-linked Mobile number
Documents Required for Google Pay Loan
- Pan Card
- Aadhaar Card
- Bank Account
- Electricity bill or Water bill as residence proof.
How to Apply for Google Pay Instant Loan
Step 1: Click on the “Apply Google Pay Loan” button to start the process.
Step 2: Register your phone number and Email id.
Step 3: Now open a Google Pay account.
Step 4: Go to the “business & bills” section and you will see different NBFC companies that are tied up with Google Pay.
Step 5: You can choose lenders as per your requirement and apply for the loan.
Step 6: After choosing the application, sign up through the Aadhaar-linked mobile number.
Step 7: Submit your Pan Card & Aadhaar Card.
Step 8: Now NBFC company checks your eligibility score.
Step 9: If you are eligible, you will get the loan offer.
Step 10: Submit bank details to get the loan amount to your account.
Step 11: You will get the loan within 30 minutes.
Also Read: Navi Personal Loan Apply
Google Pay Customer Care
You can contact Google pay customer care through a customer care number or send an Email id. Within 24-hour customer care will solve your queries.
Customer Care Number: 1800-419-0157
Also, you can contact them through your Google Pay app.
FAQs on Google Pay Loan
Can I take a loan from Google Pay?
Open your Google pay app and click on the “Money” section tab and then click on the “Offer” tab. Now you will get a pre-approved loan offer. Just starts to apply.
What is a loan offer by Google Pay?
Google pay provides up to 2 lakh instant loans.
What is the interest rate provided by Google Pay?
Google Pay offers 15% to 36% interest per annum. If you have a good CIBIL score, you will get a lower interest rate.
As a student, Can I apply for a Google pay loan?
You can apply for a Google pay loan. You will need a 700+ CIBIL score to get the loan.