Google Pay Loan : How to Apply for Loans on Google Pay. In a world where everything is going digital, from banking to ordering food, the internet has made it incredibly convenient. Companies like Paytm and Google Pay have revolutionized payments among people using UPI technology. In India, Google Pay and PhonePe are the go-to applications for UPI-based transactions. Now, Google Pay has introduced an update that will bring a smile to your face. If you run out of money in your Google Pay account, this application can provide you with the funds you need.
Google Pay Loan for Small Businesses
Google India has recently introduced the Google Pay Loan feature in its application to assist small businesses in India. With this feature, when your Google Pay balance runs low, the application will provide you with the necessary funds. In this article, we will provide you with all the information you need about this new Google Pay Loan feature.
Get a Loan with Just a ₹111 Monthly Installment
Google India, in partnership with DMI Finance, has launched the Sachet Loan feature to assist small businesses operating in India. With this feature, Indian businesses can avail loans of up to ₹15,000 and repay them in monthly installments of just ₹111 for a minimal tenure.
Our experience with merchants has taught us that they often need smaller loans and simpler repayment options.
To meet this need, sachet loans on Google Pay with @DMIFinance will provide flexibility and convenience to SMBs, with loans starting at just 15,000 rupees and can be… pic.twitter.com/SehpcQomCA
— Google India (@GoogleIndia) October 19, 2023
What is a Sachet Loan?
A Sachet Loan is a type of small loan with a very short tenure. These loans are typically pre-approved and easily accessible to anyone. Moreover, the installments for such loans are quite small, making them easy to repay.
How to Apply for Google Pay Loan
If you are a business owner in India and use the Google Pay Business application, you can make use of this new feature. Here are the steps to apply for a Google Pay Loan:
- Open your Google Pay Business application.
- Click on the Loan tab, where you’ll find the Offers option.
- After clicking on Offers, select the loan amount you need.
- You will be redirected to the Loan Lending website.
- On the Loan Lending website, provide all your personal details and specify the loan amount you require.
- After filling in all the details, you need to E-Sign and complete your KYC (Know Your Customer) verification for your loan application to proceed.
Once all your documents are verified, Google Pay will deposit the loan amount into your bank account. This way, you can easily apply for a Google Pay Loan.
GOOGLE PAY SACHET LOAN 2023
Google Pay Loan Details
- Article Name: Google Pay Loan Details
- Loan App Name: Google Pay Business
- Minimum Loan Amount: ₹15,000
- Starting Monthly EMI: ₹111
- Loan Lender: DMI Finance, Axis Bank, ICICI Bank
It’s worth noting that Google India has specified that these loans will mainly be given to individuals with a monthly income of less than ₹30,000 and who reside in tier 2 and tier 3 cities.
We hope this article has provided you with a comprehensive understanding of Google Pay Loan. Feel free to share this information with your friends so they can benefit from this feature too. For more articles like this, be sure to visit our business page on our website.
Frequently Asked Questions:
Can a loan be transferred to a UPI account? Google Pay Loan
Yes, several bank companies can transfer a loan amount to a UPI account. However, this feature may primarily apply to pre-approved loans.
Who is the CEO of Google Pay?
The CEO of Google Pay is Sajith Sivanandan.
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