How can a merchant repay a loan?

The merchant can repay a loan through daily installments. We’ll deduct a small partial amount daily from the merchant’s settlements daily till they have completely paid back the loan amount.
However, if the merchant is not able to repay the installment for a long period of time, we’ll deduct the pending amount from the bank account linked to the merchant’s settlements.

Important: In case of any missed or partial daily installments due to insufficient settlements, the pending amount will be added and deducted along with the next day’s daily installment. Loans are provided by the lending partners of PhonePe Lending Services Pvt. Ltd. (“PhonePe”).

You can also take a look at the video given below to understand how to repay your loan on PhonePe Business.