Google Pay rollout sachet loan for Gpay users with partnership DMI finance. This is a pre-approved loan for small business owners. Google Pay Sachet loan provides up to Rs. 15,000 paperless loans with 7 to 12 months repayment tenure.
Google Pay Sachet Loan
| Loan Amount | Up To Rs. 15,000 |
| Interest Rate | 14% to 36% p.a. |
| Duration | 7 to 12 month |
| Minimum Age | 18 years or above |
| Income Required | NIL |
| Processing Fees | Up to 5% + GST |
| Eligible For | Self-Employed |
Features of Google Pay Sachet Loan
Instant Loan: Small business owners may get the benefits of sachet instant loans up to Rs. 15,000. Withdraw the loan amount within 5 minutes from the Gpay account.
Paperless Approval: The paperless loan approval process. Google pay not take any hard copies for sachet loans.
Loan Tenure: Take the loan tenure benefits of 7 to 12 months. The long tenure may help you to pay the loan with easy EMI.
No Income Required: If you are a Google Pay user, you will be eligible for a loan instantly. No income proof is required for loan approval.
Loan Interest: Google Pay provides the sachet loan partnership with DMI finance at a 14% to 36% interest rate p.a.
Google Pay Sachet Loan Eligibility
Fulfill the basic eligibility for the Google Pay sachet loan. The below mandatory list will be required for the loan.
- Indian Citizenship
- Age: 18 years or above
- No defaulter on previous loan history
- Mobile number linked with Aadhaar number
Documents for Google Pay Sachet Loan
Sachet loan is a paperless loan process. The lender doesn’t take hard copies for the loan process. Upload all documents digitally.
KYC Documents
- Pan Card
- Aadhaar Card
Other Documents
- Bank Account
Google Pay Sachet Loan Interest & Charges
| Minimum Interest Rate | 14% p.a. |
| Maximum Interest Rate | 36% p.a. |
| Processing Fees | Up to 5% + GST |
| Late Charges | Applicable |
How to Apply for a Google Pay Sachet Loan
Step 1: Download or open the Google Pay business app.
Step 2: Now go to the Loan section from the Gpay application.
Step 3: Click on the offer tab to get the loan.
Step 4: Now, get the loan eligibility amount.
Step 5: Take the loan after completing the KYC details.
FAQs on Google Pay Sachet Loan
Who can take a Google Pay Sachet Loan?
The Gpay business application users are eligible for a Rs. 15,000 loan to run a small business.
Who provides the Sachet Loan?
Google Pay partnership with DMI finance to give the Sachet loan service to Gpay users.
What is the repayment duration for Google Pay Sachet Loan?
Choose repayment tenure from 7 to 12 months EMI at loan process time.
How much interest is taking for Google Pay Sachet Loan?
The popular merchant app Google Pay provides Sachet loans at 14% to 36% interest rate per annum.