Get a personal loan with Google Pay (2024)

Important:

  • Google Pay is a facilitator between you and the lending partner. Google Pay doesn’t provide any loans or review your loan application.
  • Loan offers and the “Loans” section within the Google Pay app are only available to eligible users.

You can apply for a personal loan offered by participating lenders on the Google Pay appGet a personal loan with Google Pay (1) .

Every month, your loan payment is automatically deducted from your chosen bank account.

Pre-qualified loanswith DMI Finance

To avail a pre-qualified loan, you’ll first fill out a credit approval application which will be reviewed by the lending partner. If this application is approved, you’ll need to complete some additional steps (KYC, provide bank details, etc) to receive the loan.

  1. Open the Google Pay app.
  2. In the “Money” section, tap Loans.In the “Offers” tab, you’ll find the pre-qualified loan offers available to you. Optionally, you can tap the Google Pay loan offer notification.
  3. Select the pre-qualified loan offer you want to avail. You’ll be asked to give some personal details, like employment information.
  4. Tap Continue. You’ll get an OTP through SMS.
  5. Enter the OTP.
  6. Tap Submit.

To check the status of your loan application:

  1. Go to the “Loans” hub. You’ll find the following status:
    • In progress: The lender is still processing your loan application.
    • Pre-approved: Your application is approved.
    • Not eligible: Your loan application was rejected.
  2. Select the pre-approved loan.
  3. Choose your loan amount and duration.
  4. Tap Review details.
  5. Fill out the required KYC information and bank details, which includes your repayment plan. This information should be updated on the partner bank site.
  6. Read the bank's terms and conditions.
  7. Tap Accept and apply. You’ll get an OTP through SMS.
  8. Enter the OTP.
  9. Tap Submit.

For more info on the status of your loan, contact the lender.

Fix problems

Am I eligible for a pre-approved or pre-qualified loan?

If you’re eligible for a pre-approved loan with your bank, you’ll be notified through:

  • A notification on the Google Pay app. If you believe you are eligible for a loan and don’t receive a notification, contact the lender.
  • The “Money” section in the Google Pay app for Loans. You can select any loan offers available to you.

I always get loan offers. How can I stop it?

For loan offers to stop, disable any of the following:

Tip: If personalization within Google Pay and Ad personalization are on, but your setting for personalization through web and app activity is turned off, you may still find offers for pre-approved loans.

Why can’t I find any loan offer in the Google Pay app?

These offers are either given directly by the lender (based on their discretion) or are based on:

  • Your Google Pay transaction data
  • Google’s estimate of your demographics, based on your activity on Google Pay and other Google services, like YouTube and Search, while signed in to Google
  • Lender’s personal loan eligibility criteria
  • Because you have disabled ad personalization, personalization with Google Pay, or personalization through web and app activity settings

Why is my loan application rejected?

Google Pay doesn’t review your application. Based on their eligibility criteria, the lending partner decides whether to accept or reject your application. For more information, contact the lender.

Need more help?

Try these next steps:

Get a personal loan with Google Pay (2024)

FAQs

Can I borrow money with Google Pay? ›

You can apply for a personal loan offered by participating lenders on the Google Pay app . Every month, your loan payment is automatically deducted from your chosen bank account.

How much time does it take to get a loan from Gpay? ›

That Loan processing and disbursem*nt will take at least 7 working days post submission of all requisite documents and information as may be required by the Bank as per Bank's criteria.

How do I borrow from Google? ›

Step-By-Step Process To Avail CASHe Google Pay Loan
  1. Step 1: Open the Google Pay App. Launch the Google Pay app on your mobile device.
  2. Step 2: Go to the Loans Section. ...
  3. Step 3: Search or Select CASHe Personal Loans. ...
  4. Step 4: Enter Details. ...
  5. Step 5: Submit Application. ...
  6. Step 6: Approval and Disbursal.
Feb 27, 2024

Is it safe to take a loan from the Gpay app? ›

Easy EMI payments: Google Pay Loans offer easy EMI payments, which can be deducted from your bank account automatically. Trusted partnerships: Google Pay Loans are offered by trusted financial institutions in India. No hidden charges: Google Pay Loans do not have any hidden charges.

Why is the loan option not showing in Google Pay? ›

There must be some technical issues that's why your Gpay is not showing the 'loan' option . I can suggest you some troubleshoot options so that you can fix your problem : you can go to your settings then apps and then gpay and clear its and and force stop it and then log in again to your gpay account.

What is the interest rate of a Google Pay loan of $15,000? ›

What does this Google Pay Sachet Loan scheme offer? Google Pay Sachet Loan offers a loan amount of up to Rs. 15,000 with an interest rate ranging from 14% to 36% per annum. The loan duration is flexible, ranging from 7 to 12 months. To be eligible for this loan, you need to be at least 18 years old or above.

How do I get cash with Google Pay? ›

Withdraw money from an ATM through Google Pay
  1. Visit an ATM near you.
  2. Initiate withdrawal.
  3. Complete the transaction on Google Pay.
  4. Withdraw cash from the ATM.

What is the limit of Google Pay loan? ›

The loan will be offered by partner banks such as the Federal Bank, IDFC First Bank and DMI Finance. Users can apply online, for anything between Rs 10,000 and Rs 1 lakh. Interest rates start from 15 per cent p.a. and loan tenure can be between 6 and 36 months.

How long does it take to get a DMI loan from Google Pay? ›

Eligible users are pre-qualified using criteria set by DMI Finance and the product offer is made available to them via Google Pay. These users will have their application processed in near real-time with access to the money in their bank accounts.

How much loan is on Google? ›

How much loan can I take from CASHe Google Pay? You can apply for an instant personal loan for an amount ranging between ₹15,000 and ₹4,00,000 on Google Pay.

What is a DMI loan? ›

A Personal Loan from DMI is an unsecured loan where we give you the money to spend on whatever you need and you repay us in EMI over the life of the loan. For instance, a Personal Loan for ₹1 Lakh repaid over 24 months. You get the money today to spend on, say, a wedding, and then you pay us back in 24 EMIs.

Does Google pay let you borrow money? ›

Google Pay does not directly provide loans but has partnered up with leading lenders. However, you can choose from several of its pre-approved loan offers.

How can I withdraw money from Google account? ›

You can transfer money from Google Pay to a bank account.
  1. Go to wallet.google.com.
  2. Click Payment Methods.
  3. Click Money in Google Pay or Google Pay balance. Transfer out.
  4. Enter the amount that you want to transfer out.
  5. Select the bank account that you want to transfer to. ...
  6. Click Transfer out.

How to borrow on Amazon? ›

  1. Click the "Borrow your first book" button below.
  2. Read any Prime Reading book or magazine. There's no extra cost, they are all free to read with your Prime membership.
  3. You will receive an email with your $3 Amazon credit within 48 hours.

How to borrow money from GPay? ›

Loan application process
  1. Open the Google Pay for Business app .
  2. Go to the Loans section. ...
  3. On your selected loan on GPay, tap Get started. ...
  4. Sign in with your Google Account. ...
  5. Review the final loan offer and e-sign the loan agreement.
  6. Upload your Knowing Your Customer (KYC) documents.

What are the disadvantages of using GPay? ›

Cons of Google Pay
  • Not available in every region, and not all businesses accept it.
  • Not compatible with iOS devices (Apple users can use Apple Pay instead).
  • Only works if your phone does, so you should carry a physical card as a backup in case your battery dies.
Apr 3, 2024

How to get GPay credit line? ›

Add a credit line on Google Pay
  1. Open the Google Pay app .
  2. Tap your Profile picture.
  3. Tap Set up payment methods. Payment methods.
  4. Tap Add credit line.
  5. Select the bank that issued you a pre-sanctioned credit line. ...
  6. Under “Verify your credit line,” select either Debit card or Aadhaar. ...
  7. Create a UPI PIN.

Why am I not getting money on Google Pay? ›

Check if you have a valid bank account on Google Pay.

If you don't have a valid bank account on Google Pay, you'll need to first link an account to send or receive money. If you have a valid bank account added to Google Pay, move to the next step.

Can I get a loan on my phone? ›

Many lenders, including LoanNow, feature websites that are optimized for mobile devices. The process for applying for mobile loans is similar to the process for applying for online loans on your laptop or desktop computer. A major concern with applying for mobile loans is the security of your personal information.

Is a Buddy loan safe? ›

Buddy Loan is a loan service providing platform that provides personal loans to salaried individuals and business owners. You can complete the application process in a few minutes online, and it is very simple. Buddy Loan is a safe platform that is backed by RBI-regulated lenders.

How hard is it to get a $15,000 dollar personal loan? ›

While the $15,000 personal loan is a common loan size, it's not always the easiest to qualify for. You will, at a minimum, need a healthy credit score and proof of income.

How to get a sachet loan in Google Pay? ›

This loan service was recently launched by Google Pay in only Tier 2 cities for now. Here is how you can apply for a sachet loan on Google Pay: -First of all, open or download Google Pay for Business app. -After this, go to the loan section and click on the offers tab.

Does Google Pay do financing? ›

This payment method is available when you use Google Pay to make an online purchase at select merchants. Google Pay gives you the option to select from various buy now, pay later providers. Financing isn't offered by Google but is offered through the provider who each have their own requirements.

Can I use Google Pay with no money? ›

You don't need to add money to Google Pay in order to pay. All you need to do is add a payment method, like a debit or credit card. When you use Google Pay, it's just like how you would normally use your card.

Can you request money with Google Pay? ›

On your mobile device, open Google Pay . To find the contact you want to request money from, use the search bar. At the bottom, tap Request.

Which app can I use to borrow money from? ›

Specta is an online lending platform that gives you loans of up to 5 Million in one transaction all within 5 minutes! No collateral, no paperwork and no visit to any office. With Specta, you can take care of urgent personal and business needs anywhere, anytime.

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