Will I be charged a fee?

Important: PhonePe does not charge any fee or commissions from merchants for processing loan applications.

A one-time processing fee may be deducted by the lending partner from the total loan amount at the time of loan disbursal. This fee will depend on the lending partner you choose. You can also check the one-time processing fees on the loan details screen.

Related question(s):
How is the interest rate calculated?
How do I repay my loan?