If you are a small and middle class businessman and need a loan to expand your business, then you can use BharatPe App. BharatPe is a trusted and reliable fintech and UPI app company. Which offers loans up to Rs 7 lakh to its customers at very low interest rates. If you want to know what is BharatPe and how to take loan from it, then read this article completely.
In this article we will know what is BharatPe Loan, how much loan is available from BharatPe, interest rate of BharatPe Loan, tenure of BharatPe Loan, required documents of BharatPe Loan, BharatPe Loan Eligibility, features of BharatPe Loan, etc.
What is BharatPe App?
BharatPe App is a fintech company, through which merchants provide free service to accept payments from any UPI App like Paytm, PhonePe, Google Pay, Bhim, etc. and more than 150 other banking apps using a single QR Code. . Apart from this, it offers loans ranging from Rs 10 thousand to Rs 7 lakh at very low interest rates to businessmen to expand their business.
BharatPe provides merchants with the facility of Swipe Machine, using which they can accept credit card and debit card payments. This app has been downloaded by more than 1 crore merchants so far and more than 3 lakh people have given a rating of 4/5 so far.
This app is a very useful and convenient application for small traders. Some special features of this app, which make it different from other apps.
Features of BharatPe Loan
The main features of BharatPe loan are as follows-
- The process of taking loan from BharatPe is completely online, you can apply for the loan sitting at home.
- BharatPe ensures the loan amount based on the transaction done by the merchant, so accept payments from your customers through BharatPe QR Code.
- BharatPe provides loan facility to traders ranging from Rs 10 thousand to Rs 7 lakh.
- BharatPe is an RBI approved non-banking institution, which provides business loan facilities to businessmen in collaboration with many non-banking institutions.
- Bharat Pay provides business loans to traders without any security.
- BharatPe app provides the facility of customized QR Code to the merchants.
| main point | BharatPe Loan Details |
| app name | BharatPe for Merchants |
| Loan Type | business loan |
| company’s name | Resilient Innovations Private Limited |
| business loan amount | 10000 to 7 lakh |
| Rate of interest | from 21% to 30% |
| loan period | 3 months to 15 months |
| processing fee | from 0% to 2% |
| the headquarters | Gurugram, Haryana |
| Founder of BharatPe App | Ashneer Grover, Bhavik Coladia, Shasht Nakrani |
| BharatPe app launched | 2018 |
| customer care number | 8882555444 |
| total downloads | more than 1 crore |
| Rating on Play Store | 3.9/5 |
Eligibility to take loan from BharatPe App
To avail a business loan from BharatPe, certain eligibility criteria have to be fulfilled – which are as follows.
- Citizenship: Must be an Indian citizen.
- Applicant Age:Minimum 18 years or older
- Business Account:The business account of the applicant should be linked to BharaPe.
- qualified person: The applicant should have a small or medium scale business.
- CIBIL Score: Minimum 700 or more
- mobile number: Mobile number should be linked to Aadhar card.
- KYC Documents: PAN Card, Aadhar Card
- BharatPay QR Code Users: The more the applicant accepts payments from BharatPe, the higher are his chances of getting the loan.
BharatPe offers loans based on the transactions of merchants, that is, the merchant who accepts and makes payments using BharatPe QR Code has more chances of getting the loan.
Documents required to take loan from BharatPe App
The process of taking loan from BharatPe is 100% online, so here you can apply for loan with very less documents. If you want to take a loan from BharatPe, you should have the following documents.
- Identity Proof: PAN card
- Accommodation Standard: Aadhar Card, Passport, Driving License, Voter ID, Ration Card (any ID proof issued by Government of India)
- Bank Account: Bank account number and IFSC code
- Photo: Selfie
- NACH Registration: While applying for the loan, your debit card or net banking details have to be linked to NACH, so that your EMI is automatically deducted from your bank account.
How to take loan from BharatPe app?
BharatPe provides business loans only to those merchants who continuously accept payments from their customers through BharatPe QR Code. Bharat Pay offers loans up to Rs 7 lakh to those doing small and medium scale business.
If you also use BharatPe app, and you have also been offered a loan by BharatPe, then you can apply for the loan by following the steps given below.
- First of all, open Google Play Store in your smartphone.
- After this, type BharatPe in the search bar and install the app.
- Now open BharatPe App, tick Terms & Condition and click on Accept option.
- Now enter your 10 mobile number.
- You will receive OTP on your given mobile number, enter it and verify.
- After this, select your bank name, enter account number, IFSC code and click on Continue.
- After this your bank account will be linked to BharatPe App. Now whatever payment you take through BharatPe app, it will be directly deposited in your bank account.
- Now you have to take payment from your customers through BharatPe QR Code for 1 month, after 1 month BharatPe will open the loan option as per your transaction history.
- Loan options are available, you can apply for business loan on BharatPe.
- While applying, you will be asked for information about required documents. You have to fill the complete information and upload the documents.
- After this, loan amount offer will be made by BharatPe, which will contain information about loan amount, monthly installment, processing fee, etc. If you accept the loan offer then accept it.
- After this, the loan amount will be sent to your given bank account within 2 to 3 business days.
In this way, you can take a business loan from BharatPe by following the steps mentioned above.
BharatPe Loan Customer Care Number
If you are facing any kind of problem related to BharatPe, then you can solve your problem by contacting the contact given below.
- BharatPe Customer Support: 8882555444
- Web Support: https://bharatpe.com/contactus/