How to Apply for an Instant Personal Loan via Google Pay
“Hello friends, welcome back to Faisal’s View. Today in our video, you can get a loan of up to 8 lakh rupees in just a few minutes through the Google Pay application. In this video, we are going to see how it works. In 2024, Google Pay has brought many options; that is, they have brought a lot of changes, especially this loan. In this video, I am going to tell you what changes they have brought in that loan.
Starting Your Google Pay DMI Finance Loan Application
Not only that, but this is the disclaimer that I say in all loan videos. For you, the loan application is like a last option; it is very urgent. I have no other option, so only in that case, go for the loan application. Whatever the Google Pay application is, and it is a trusted application, what Kamana is saying is that the loan application should be your final option; that is, it should not be the initial option.
Choosing the Right Tenure for your DMI Loan
If you normally go to Google Pay and take a loan, then there will be loans under that business option. You will take a loan by clicking on it. Now they have brought a change in it. That is what I am going to tell you here. If you have seen what the changes are, before opening your Google Pay interface, the important thing is that if you have not followed our page yet, do not forget to follow it, and those who have not subscribed, subscribe.
As soon as you open your interface, that is, as soon as you open the Google Pay interface, you will see this. If you have come to this and seen it, scroll down to the end If you come, there is a check balance option, or not, and if you look at it, there are three options: Get a credit card, loan, or gold.
If you see a loan option here, you will have to click on it to take a loan. If this option is not available to you, then it means that your Google Pay application is not updated. Immediately go to the Play Store and update your Google Pay application. Then if you come and look inside, then this loan option will definitely be there. Our loan process will start by clicking on this.
Now, let’s see what will come up immediately when you come to buy and click on this loan option. This is what you will get immediately after clicking on this. They have promised that you can take an instant loan up to 8 lakh rupees. That is, a loan from 10,000 rupees to 8 lakh rupees. You can take it. They will give you a repayment period of six months to four years. They have come up with a plan where you can pay EMI from Rs 1,000 monthly. They have given you an interest rate of 13%, 13.99, that is, 14%.
If you click on this and go inside, they will ask you to give your PAN details. You have to give your full name exactly as it is on the PAN. Then if you come down and look, you have to give your PAN card number correctly. Do not give it again. The same way, you have to give the same spelling as the name on the PAN card; do not give it again. If you give it and click next, then are you getting a salary, or are you doing business? If your employment type is getting a salary, salary, employment, I am doing business, or I am doing a selfie, then click on that.
After clicking on that and giving next, it will ask you what your gender is. It will ask for details like male, female, or other gender. Give this clearly here too. So, let’s see what the next option is. So, here is your monthly income; if you are a salaryman, then clearly state how much your monthly income is. A monthly salary of 1000 can be 10,000; it can be 20,000. Correct it and mention it here.
After that, it will ask you what your business type is. For example, if you are not getting a salary but doing business, what kind of business type will be asked to come here? Similarly, your business name, whatever business name you have given to your business, etc., will be asked to be given there. Date of Birth Your date of birth, i.e., your date of birth in your Aadhaar card, government documents, etc., should be clearly mentioned here. If you have given it incorrectly, there is a high chance that the loan will not be sanctioned.
Next, mention your home address. Okay? If you mention it and come down and look, it will be your resident type. Select whether you own a house or rent it and select it below. There will be a tick box. If you select it, it will decide that it is both your present address and permanent address. If you come down and look, it will ask you if you have lived in the same place for many years. It will ask you for how many years. You also give that here.
Immediately after giving it, it will ask you to mention how much loan you need and so on here. That is, some people don’t want 8 lakh rupees, I only want 6 lakh rupees, I only want 5 lakh rupees, and so on. You selected that and gave Next, then when you see your loan amount, how much is the finalized amount? It will be finalized for you here. Okay, that’s it. What do you do next? You have to give Next. As soon as you click Next, you will go to the next page.
How are you going to pay the amount sanctioned to you? You will be given three segments. That is, if you see 24 months, 18 months, or 12 months. They would have recommended 24 months or something like that. You decide for yourself. So, what can we take from this? You decide what to pay monthly. So always select it for a long period. If you select 24 months, it will be better for you.
Next, if you come and see this place, you will see all the details, like what taxes you will pay for 65,000 rupees, how much you will pay monthly, etc. This place will be interesting for you. Terms and conditions are very, very important. Many people tick this without reading it.
Click on this and read what they have given. Those who do not know English should read this completely, and if it is okay with you, tick all three and go to the next option. Accept and confirm such an option will open at the bottom. Click on it. Next, an OTP will come to your registered mobile number. You have to give this OTP here. Don’t give the wrong OTP; give the correct OTP. Okay?
So, immediately after giving this, the next process will come to you, and you will see KYC. Your application has been approved; it will say something like this: Complete your KYC. KFC verification and bank details are the two final processes. Now, if you come and see it, below the KYC completion, there will be a button called Start KYC. Click on it, and it will immediately come and take you to the next process. That is, Google will also synchronize and make this an option to complete your KYC. The people who gave this loan are DMI Finance. I forgot to mention that earlier.
So, if you have come here and seen this, you have to enter your Aadhaar card number here. Okay? Similarly, your DigiLocker will have such an option; if not, you can upload your Aadhaar card directly here. Okay, upload it. After that, you have to come here and take a selfie, a direct selfie. Take a long selfie with the correct background, without blur. Even if the photo is blurry, the loan will not be sanctioned, and there are more chances of it being disapproved.
After that, you will give your bank details. What are the bank details? Your account number, which bank, and what the IFSC code is—these are the details you will give here. As soon as you finish paying, that’s it; it’s all over. In just a few minutes, your loan sanction will be ready, and the amount you approve will be credited to your bank account.
The important thing is that you should always come and stay for the tenure and don’t come and stay for too long. I would say that is my best advice. Similarly, if you see that the loan option is like that, then come and stay and go for the loan application only in critical situations; otherwise, come and stay as the last option. So if you found this video useful, don’t forget to come and give it a like.