Hello friends! If you are a small business owner in need of a loan, Google Pay now offers personal loans of up to ₹15,000. You can repay this loan in monthly installments of ₹111. This loan facility is available in collaboration with several banks and has been officially announced by Google Pay India.
Google Pay is currently one of the most popular payment applications. It provides various services such as money transfers, bill payments, insurance payments, and loan repayments.
What is the Google Pay Personal Loan 2024?
Google Pay is a secure mobile app for UPI payments, recharges, and bill payments, backed by Google’s robust security. The app allows users to transfer and receive money, and pay electricity bills among other functions. With over 1.4 billion users worldwide and millions of transactions daily, Google Pay is a major player in the financial services sector.
Currently, Google Pay offers small business loans up to ₹15,000, with a repayment plan involving monthly installments of just ₹111. This initiative is aimed at supporting small businesses in India, where there is a significant demand for such financial assistance.
Eligibility for Google Pay Loan:
Must have an Aadhaar card, PAN card, a three-month bank statement, and a smartphone.
The borrower must be an Indian citizen.
Applicants should be at least 21 years old.
Proof of residence and proof of identity are required.
The applicant should not have any active loans elsewhere.
Documents Required:
Aadhaar card
PAN card
Proof of residence
Last 3 months’ bank statements
Passport-sized photograph
Application Process for Google Pay Loan:
Install the Google Pay app on your smartphone.
Register by entering your mobile number.
Navigate to the loan section within the app.
Review and select a loan offer.
Enter your personal information.
Your loan will be processed through Money View or Payme India.
This loan facility is designed to make it easier for small businesses to access the financial support they need.
