Indian Pulse Media

How to Apply for Google Pay’s Sachet Loan and What It Is

<p>Wallet app Recently, Google Pay launched its digital credit services in India to help the average person with their small-scale lending needs. With the launch of the Sachet Loan, small-scale entrepreneurs may now get loans up to Rs 15,000 in value. The online payment service provider plans to work with banks and non-banking financial firms (NBFCs) to create solutions aimed at reducing the credit gap in order to bolster its financial services offerings in India. In order to solve problems with merchant capital needs, it has also enabled merchants to apply for a credit line via ePayLater.<img decoding=”async” class=”alignnone wp-image-253067″ src=”” alt=” security review meeting discusses jammu and kashmirs impact from the middle east c” width=”1260″ height=”944″ srcset=” 259w,×112.jpg 150w” sizes=”(max-width: 1260px) 100vw, 1260px” title=”How to Apply for Google Pay's Sachet Loan and What It Is 12″></p>
<p>Small, pre-approved loans are one kind of sachet loan. They last anywhere from seven days to twelve months. This Nano credit is meant to satisfy immediate financial needs and be approved and paid out quickly. The growing fintech influence in the lending sector has eliminated onerous paperwork requirements, significantly expediting the loan procedure.</p>
<p>When instant cash is required for unforeseen expenses such as urgent medical bills or other liabilities, sachet loans are the ideal choice. When a person has a brief financial lapse in the middle of the month, these loans assist them in managing their costs until their next paycheck. This Google service will be quite helpful to customers who want to carry out daily business and loan payments. Google has teamed up with Federal, Kotak Mahindra, HDFC Bank, and ICICI Banks for this functionality.</p>
<p>Google Pay just introduced this lending option, which is now available exclusively in Tier 2 locations. Applying for a sachet loan with Google Pay is done as follows:</p>
<p>-Start by opening the Google Pay for Business app or downloading it.</p>
<p>-Next, choose the offers option by going to the loan section.</p>
<p>-Go ahead and input the loan amount. You will then be sent to the landing partner’s website.</p>
<p>Now that you’ve finished a few simple tasks, including KYC, you may get the loan.</p>
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