Introduction
Friends, in this video today I will tell you how you can apply for a personal loan from Google Pay and how much loan you can get from Google Pay at the present time. If you take a loan on Google Pay, then what will be the interest rate, all this I will tell you in this video friends.
Table of Contents
Loan Options on Google Pay
Friends, you have two options to apply for loan on Google Pay:
- You can apply for a loan using Google Pay.
- Google Pay partners, which include different apps where you can also try to take loan.
You get both these options on Google Pay.
How to Start the Process
It is necessary to visit the Play Store in order to apply for a personal loan through the Google Pay app, friends. Look up “Google Pay.” If this app is requesting an update, you need to update it from this link. Friends, after updating the app, you will open the Google Pay app from this link if you like to apply for a personal loan exclusively through the app. Friends, after you launch the app, this page will show up in front of you all.
Loan Options Available in Google Pay
Friends, the loan options you have are available in two types:
- Direct Loan from Google Pay: The option of loan application in Google Pay is available to only some users. The loan option that you get is found here just below the main.
- Google Pay’s Explore option will display the loan platforms within the Google Pay app after you click on it. Options such as FI Loan, Payme, Money View platform, and others are displayed here. Additionally, you can use these third-party platforms to apply.
But friends, as soon as I click here, the screen recorder is not working. The screen is showing completely black here. It is not recording.
Eligibility for Google Pay Loan
Friends, the option of Google Pay to apply for a loan is available to some users only. To take a loan from Google Pay, your civil score should be at least 800 plus. Only then you can get a loan here.
But there will be many users whose civil score will be 700 or 750 or even below 700. If you also want to apply for a personal loan, then you should not try Google Pay because the chances of getting a loan here will be very less. And if your loan is rejected here once, then your civil score will be affected and it will go down even more.
Alternative Option: True Balance Personal Loan App
If you need money friends, you want to apply for a personal loan, then in this video let me tell you about another platform – True Balance Personal Loan App.
- The app is RBI licensed NBFC.
- Rating is 4.5.
- Downloads are 50 million plus.
Install this app from the link given in the description box of the video.
Types of Loans on True Balance
Friends, at present, you get two types of loans here:
- Level Up Loan
- Cash Loan
You can apply according to your need.
EMI Calculator Feature
Friends, I also liked the good thing about this platform that here we also get to see the EMI calculator. From here we can calculate our EMI.
For example:
- Select loan amount.
- Choose tenure (6 months or 12 months).
- The system will show the EMI as well as the monthly interest rate.
Steps in Loan Application
Friends, let me explain the details you need to provide while applying:
- Loan purpose – medical emergency, business, house repair, salary delay, education, or personal emergency.
- Marital status – married or single.
- Education level.
- Housing type – self-owned, rented, or relative’s house.
- Employment status – salaried, self-employed, student, or housewife.
- Years of work experience.
- Company/shop name.
- Industry type – food service, manufacturing, transport, finance, IT, education, retail, medical, e-commerce, government, BPO, media, etc.
- Position – manager, owner, professional, or worker.
- Monthly income details.
- Mode of income – bank account, cheque, or cash.
- Preferred language.
- Loan history.
KYC and Disbursal
After filling all details:
- Verify your email.
- Complete KYC with PAN card and Aadhar card.
- Add your bank account for loan disbursal.
- The loan amount will be transferred directly to your primary bank account.
Loan Details Overview
| Feature | Google Pay Loan | True Balance Loan |
|---|---|---|
| Availability | Only for selected users | Available for all |
| CIBIL Requirement | 800+ | Based on eligibility |
| Loan Partners | FI Loan, Payme, Money View | RBI licensed NBFC |
| Loan Process | Limited access | Open access via app |
Required Information for Loan Application
| Information Needed | Purpose |
|---|---|
| PAN, Aadhar, Email | KYC Verification |
| Employment & Income | Eligibility check |
| Housing & Marital Status | Risk assessment |
| Loan Purpose | Loan approval |
| Bank Account | Loan disbursal |
Conclusion
Friends, if you want, you can just come like this and apply for a personal loan here. Like I have shown you the process of loan application in this video friends. So let’s meet you again in such a new video. Jai Hind.
