When you require immediate cash for unforeseen costs (such as urgent medical bills or other expenses), sachet loans are the ideal choice. When a person experiences financial difficulties in the middle of the month, these loans enable them to manage their spending until their next paycheck. Users that take out loans and do business on a daily basis will find this feature of Google Pay extremely helpful. For this service, Google Pay is been integrated with four banks: Federal, Kotak Mahindra, HDFC Bank and ICICI.
Documents Required
- Pan Number
- In KYC verification, your mobile number must be linked to your Aadhar card.
- Eligibility for Sachet Loan
- Applicant must be above 21 to 57 years of working age.
- The income should be deposited directly into the applicant’s bank account.
- Must have at least 600 credit score on CIBIL or Experian.
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Google Pay Loan Apply Online 2024
Through their partnership, Google Pay and DMI Finance Limited are now able to offer personal loans. Only if your credit history and civil score are good will you be eligible for a personal loan with Google Pay. Personal loans are only approved based on your credit history. When we need money, we can't acquire institutional loans, and taking out a personal loan has extremely high interest rates. Google Pay now offers you the option to provide personal loans in the amount of Rs15,000 to Rs1 lakh in such circumstances. The steps to apply online for a Google Pay loan are listed below.