Bharatpe loan eligibility Criteria 2024

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Bharatpe loan eligibility: Bharatpe is an Indian Fintech Company Established in the Year 2018. Started with the ambition of simplifying the Digital payment Ecosystem For Businesses, BharatPe is the Fourth Biggest UPI Merchant in India.

BharatPe offers a Range of Financial Services Including QR, Investment, and BharatPe Easy Loans. In this Article, We will Discuss the Bharatpe loan eligibility Criteria as well as outline the step-by-step application process.

Loans are really important for the expansion of Business. However, in India Small and Medium Scaled Business often encounter numerous challenges in Getting Loans from Banks due to Strict Eligibility Criteria, Lengthy Application Processes, high interest rates, and Credit History.

BharatPe has helped Businesses overcome this Issue by offering loans with moderate eligibility requirements. The Eligibility Criteria for BharatPe is simple, the More Shop Owners accept through the BharatPe QR, the better chances They have for approval of a Loan.

BharatPe has partnered with RBI-approved NBFCs Including Lenden Club, Liqui Loans, Trillions Loan, and Arth mate. By partnering with these reputable NBFCs, BharatPe has offered loans to More than 1.2 lakh merchants in Q1 FY23. The Partnership of BharatPe with these NBFCs has helped Millions of Small Scaled Businesses in India. Below mentioned are the Bharatpe loan eligibility Criteria.

BharatPe Loan Eligibility: Business loan

With Minimal Documentation, Lower Interest Rates, and Loan amounts of up to 10 Lakh, BharatPe offers Quick Loans to Businesses that Use the BharatPe QR to receive Payments. The Eligibility Criteria for BharatPe Easy Loans is Not Very Different from Other Financial Institutions. However, because the Loans are specially made for Businesses, there are Certain Eligibility That needs to be fulfilled.

  • The Age of the Applicant should be 18 or Above.
  • The Applicant should have a Business that uses BharatPe QR For receiving Payments.
  • He or She Must be an Indian Citizen.
  • A minimum credit score of 700 or above is essential for Loan approval.

How to Apply for BharatPe Loan

After You have checked the BharatPe Loan Eligibility, It’s time to apply for the Loan. The Procedure for BharatPe Laon is Simple and can be Done Directly through the Merchant app. Follow the steps Mentioned Below to Apply for a BharatPe Loan.

  • Download the BharatPe App for Merchants from the Google Play Store or App Store in IOS.
  • On the Homepage Check on Easy Loan Tap.
  • Tap on Get Loan Now and Enter Your PAN Details and PIN Code of Your Business Address.
  • Select the Loan Amount, Tenure, Business address, and Other Details.
  • Complete the KYC Process by Uploading Your Selfie with a Picture of Your PAN and Aadhar card.
  • Next, Upload the Picture of Your shop, Confirm the Loan Agreement, and Verify via OTP You received on Your Registered Mobile Number.
  • In the Last Step, Link Your Debit card and Account to complete the eNACH process and Application.

BharatPe will take 0% to 2% as a processing fee for the Loan. After all the Registration and Verification are Done from BharatPe, Your Loan will be Credited to Your Bank Account. With Easy Daily Installments, You can repay the Loan in 15 Months.

Documents Required for BharatPe Loan Approval

  • Identity Proof: Aadhar Card, PAN Card, Passport, or Voter ID.
  • Address Proof: Aadhar card, PAN Card, Driving License, or Voter ID.
  • Selfie for KYC Procedure.
  • Bank Account Details for eNACH Procedure.

BharatPe Loan Interest Rate

The interest rates for BharatPe Loans typically range from 21% to 30% per annum which converts to 1.75% to 2.5% Per Month. The Interest rates can vary depending upon various factors like loan amount, Loan Tenure, borrower’s credit History, and Documentation Available. If You are Taking a Loan for a Lesser Period of time, then the Interest Rate will be Very low.

Frequently Asked Questions (FAQ)

Does BharatPe provide loans?

Yes, BharatPe provides loans to eligible businesses.

What are the criteria for a BharatPe loan?

The criteria for a BharatPe loan include having a business that is using the BharatPe QR for Receiving Payment, Indian citizenship, a minimum age of 18, and a credit score of 700.

How long does it take to get BharatPe loan approval?

The BharatPe usually takes 30 Minutes for Loan Approval.

Which bank has tied up with BharatPe?

BharatPe has tied up with Axis Bank to provide financial services.

What is the maximum loan limit for BharatPe?

The maximum loan limit for BharatPe is ₹10 Lakhs

What is the interest rate of BharatPe?

The interest rate for BharatPe loans typically ranges from 21% to 30% per annum.

How many merchants have gotten loans from BharatPe?

More than 3 lakh merchants had obtained loans from BharatPe.

What is the recovery rate of BharatPe?


Is BharatPe registered with RBI?

Yes, BharatPe is registered as a small finance bank with RBI.

What happens if the loan is approved?

If the loan is approved, you will receive the loan amount in your linked bank account.

What is the processing fee for a loan from Bharat Pe?

The processing fee for a loan from BharatPe typically ranges from 0% to 2%.
In Conclusion

BharatPe Loans has helped Millions of Businesses to expand their operations. The quick approval, Flexible Repayment Options, and Very less Processing Fees, BharatPe offers better Financial Services than Traditional Banks in India. We Hope this article answers all Your queries about Bharatpe Loan eligibility. If You have any other questions related to Bharatpe Loan eligibility, Please feel free to share them with us in the comments Section Below.

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