How to get a loan of Rs 2 lakh from Google Pay in 5 minutes?

Google Pay recently launched the personal loan feature in its UPI-based payments app. Under this facility, users can get a loan up to ₹2 lakh within 5 minutes. The loan process is completely digital and does not require any kind of paper documents.

Eligibility for getting loan:

  • Must be an Indian citizen
  • Must be 18 years of age or older
  • Must have a valid bank account on Google Pay
  • Must have a good credit score

Process to get loan:

  1. Open the Google Pay app and click on the “Loan” tab.
  2. Select “Personal Loan” and choose your loan amount and tenure.
  3. Enter your basic information and financial details.
  4. Scan and upload your Aadhar Card and PAN Card.
  5. After reading and accepting the loan agreement, click on the “Apply” button.

Loan Approval and Disbursement:

  • Google Pay will evaluate your application and give you loan approval information within a few minutes.
  • If the loan is approved, the loan amount will be deposited directly into your bank account.

Interest Rates and Fees:

  • The loan interest rate can range from 10% to 22% per annum.
  • Processing fees and other charges may also apply.

Benefits of Google Pay Personal Loan:

  • Quick and easy application process
  • No paper documents required
  • Various loan amount and tenure options
  • Competitive interest rates
  • fast loan disbursement

Disadvantages of Google Pay Personal Loan:

  • Available only for UPI-based bank accounts
  • Interest rates may be relatively high
  • Processing fee and other charges apply


Google Pay Personal Loan is a good option for those who need money immediately and do not have time to submit paper documents. However, it is important to compare the interest rates and charges before taking a loan.

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