How can a merchant become eligible for a loan?

To become eligible for a loan as a PhonePe merchant they would need to,

• Have a  good credit score and make timely repayments
• Continue to receive customer payments daily through PhonePe QR for 6 months or more
• Receive more than ₹15,000 worth of payments each month for 6 months continuously
• A merchant needs to receive payments through PhonePe QR regularly for a minimum of 15 days every month for 6 months.

The merchant can then click on the Business Loan(s) icon on the PhonePe Business app to complete these goals.

Note: Loans are provided by the lending partners of PhonePe Lending Services Pvt. Ltd. (“PhonePe”).