Will I be charged a fee while applying for a loan from PhonePe?

Important: PhonePe does not charge any fee or commissions from its customers for facilitating 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’ve availed a loan from. You can also check the one-time processing fee on the loan offer screen.

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