G-Pay Loans: The good news for Google Pay users is that they can apply for a loan under the Google Pay Loan Scheme if they need money for everyday expenses or for any other reason. G-Pay offers personal loans up to Rs 1 lakh online, with the loan amount being disbursed to the customer in a matter of minutes. The G-Pay Loan Scheme will be available to customers who use the G-Pay Mobile Application for their daily transactions.
The customer will receive the loan amount based on their credit score. Without going to a branch, G-Pay will offer a personal loan of between 1 Lakh to 8 Lakh after determining the customer’s eligibility. You may be eligible to receive G-Pay Loan benefits from the company if you use Google Pay as well and pay with G-Pay UPI or a QR code.
Overview of G-Pay Loan Services
| Feature | Details |
|---|---|
| Platform | Google Pay (Tez) |
| Loan Providers | IDFC First, DMI Finance, Money View, EarlySalary |
| Loan Amount | ₹1,000 – ₹8,00,000 |
| Interest Rates | 1.2% – 3.5% per month (14.4% – 42% annual) |
| Tenure | 3 months – 24 months |
| Processing Fee | 0% – 3% of loan amount |
| Disbursal Time | 5 minutes – 24 hours |
| Eligibility | 21-58 years, 650+ credit score, Indian resident |
Required Eligibility to Apply for the G-Pay Loans
- The candidate must use the Google Pay business application for everyday transactions and be a user of the Google Pay mobile app.
- The candidate’s credit score ought to be high.
- When applying for a Google Pay personal loan, the applicant should keep in mind that they should not be enrolled in any other loan programs offered by banks or companies.
- The applicant must have a source of income in order to be eligible for the Google Pay Loan offer.
Required Documents for G-Pay Loans
- The client must provide information about their bank account, Aadhar card, and PAN.
- To finish the KYC, use the mobile number linked to the G-Pay account.
How to Apply for GPay Loans 2025?
It is important for customers to remember that the loan amount will be determined by their eligibility and will range from 15,000 to 1 lakh ( get ₹1 lakh loan on G-Pay).
Step 1: You must first launch the Google Pay business app.
Step 2: After providing the requested data, you must register on the G-Pay business mobile app and finish the KYC procedure.
Step 3: Next, you need to select the “Loan” option.
Step 4: You will now see a loan offer under the loan section if you met the eligibility requirements.
Step 5: You must now click the “apply personal loan” link if you accept the loan offer.
Step 6: Next, you must enter the required information, including your name, bank account number, IFSC number, Aadhar number, and PAN card number.
Step 7: To pay back the loan balance, you must now choose the “EMI” option.
Step 8: Your registered mobile number will then receive an OTP message, which you must enter in the application form.
Step 9: The loan amount will be deposited into your bankaccount following the OTP. Following the deduction of all fees, such as GST and processing charges, you will then receive the loan amount.
G-Pay loan apply online 2025
G-Pay loans offer unparalleled convenience for urgent financial needs with quick disbursals and minimal paperwork. While interest rates are higher than banks, the speed and accessibility make them ideal for emergencies. Always compare multiple offers within the app, read terms carefully, and borrow only what you can repay to maintain healthy finances.
1. Check Loan Offers
- Open Google Pay app
- Tap on “Loans” section
- View pre-approved offers (if eligible)
- Select preferred lender (compare rates)
2. Complete Application
- Enter personal details
- Provide employment information
- Declare monthly income
- Choose loan amount (₹1L example)
3. Upload Documents
- PAN card scan
- Aadhaar front/back
- Bank statement PDF
- Salary slips (if salaried)
4. eKYC Verification
- Aadhaar OTP authentication
- Digital signature
- Live selfie matching
5. Approval & Disbursal
- Instant approval decision
- Loan agreement e-sign
- Amount credited within hours
- First EMI date confirmation
G-Pay Loans FAQs
Is Google Pay directly providing loans?
No, G-Pay partners with RBI-approved lenders who disburse loans.
What’s the minimum credit score required?
650+ for most lenders, 700+ for best rates.
Can self-employed individuals apply?
Yes, with 6+ months of bank statements showing regular income.
How long does disbursal take?
5 minutes to 24 hours for approved applications.
Can I increase my loan limit later?
Yes, after repaying 50% on-time you may get limit increase offers.
