What is Google Pay Instant Loan Scheme – Under this scheme of Google Pay, loan up to Rs 15,000 can be taken. Repayment of this loan can be done at an easy monthly EMI of only Rs 111. This will not put much burden on the user’s pocket.
Google has recently offered instant loan through Google Pay. This requires very little paperwork. The good thing is that all the paperwork for this is done online and the user will not need to go anywhere for this.
What is Google Pay Instant Loan Scheme?
Loan up to Rs 15,000 can be taken under Google Pay Instant Loan Scheme. Repayment of this loan can be done with an easy monthly EMI of only Rs 111. This means that the user will not face any problem in payment.
Google Pay instant loan scheme will be beneficial for those users who are daily wage laborers or earn on daily basis, and want to make payment accordingly.
The number of active users on Google Pay is 2.2 crore, who have done 75 crore transactions and transactions worth Rs 2 lakh crore. Google has tied up with four banks – ICICI, Kotak Mahindra, Federal and HDFC Bank to give loans.
Be alert from fake loan apps
Till some time ago, Google Play Store was filled with fake loan apps. In the last few years, Google has introduced its instant loan app on the Play Store by eliminating fake loan apps from its platform. This will prevent cases of loan fraud. Let us tell you here that Google Pay itself is not giving loans, it is providing an authentic source for it.