Bharat Pe Loan Eligibility Requirements: What You Need to Qualify

Bharat Pe App 2023: How to get a loan from Bharat pe? Bharat Pe is one of the most successful and famous services in India these days, known for its ease of use and convenience for merchants. You will find a Bharat Pe QR scanner in every shop and merchant, making it an indispensable tool for business owners. Bharat Pe was specifically designed to be used by the merchants, and it serves as a single platform for sending money through various UPI payment apps. This has made the life of all the merchants very easy. This article will give you all the details related to the Bharat Pe app and its loan eligibility, helping you understand how to access a ‘Bharat Pe loan.’ Also, be sure to check out MI credit and RapidPaisa Loan for more financial options.

Bharat Pe

Bharat Pe has introduced an exclusive loan feature tailored specifically for merchants who utilize its QR code scanner. To qualify for a loan from Bharat Pe, you need to have received a specific sum of payments via QR code or UPI. The more payments you accumulate through the Bharat Pe app’s QR scanner, the higher the loan amount you can access. What sets this offering apart is the zero processing fee, making it exceptionally convenient. Furthermore, the interest rate is quite low. Repayment can be made on a daily basis (EDIs), providing flexibility for borrowers.

DescriptionBharat Pe is one of the most used services in India these days. Since the introduction of UPI in India, almost every merchant has a Bharat Pe QR code in their shops, allowing customers to easily scan and make payments through various UPI apps. Recently, Bharat Pe has also introduced a loa. feature, exclusively available to merchants using the Bharat Pe QR code. The loa. comes with zero processing fees and very low interest rates.
Eligibility criteria🇮🇳 To be eligible for a Bharat Pe loa., you need to be a citizen of India. Additionally, you must be a businessperson or businessman utilizing the Bharat Pe QR scanner.
Application process (Online)📝 You can easily apply for a Bharat Pe loa. if you meet the eligibility criteria. Simply fill out a straightforward application form and provide all the necessary documents. Once the process is complete, the loan amount will be directly transferred to your bank account.
Documents Required📜 Required documents include identity proof such as Aadhaar card, Voter ID card, passport, etc. You’ll also need address proof, which can be Aadhaar card, driving license, passport, etc., and a PAN card.
Official Website🔗 Official Website
Official App📱 Official App

Bharat Pe Loan Eligibility

Individuals seeking a loan from the Bharat Pe App should familiarize themselves with the specific eligibility requirements, as eligibility is a prerequisite for loan approval. The eligibility criteria for a Bharat Pe loa. are distinct, tailored specifically for merchants, and exclusively available to this group.

Here’s a rewritten list of the eligibility criteria:

To be eligible for a loan, you must meet the following conditions:

  1. You must be an Indian citizen and actively engaged in merchant activities.
  2. You should operate a shop or business where you utilize the Bharat Pe app QR scanner.
  3. A steady source of income from your business or shop is required.
  4. The approved loan amount is directly proportional to the number of payments received through your Bharat Pe QR scanner. The more payments you receive, the higher your borrowing limit becomes.

Online Loan Application Process

Obtaining a loan from Bharat Pe is a hassle-free and swift procedure. It’s accessible to anyone who meets the eligibility criteria, and the subsequent steps are simple and user-friendly. You have the option to apply for the loan directly through the Bharat Pe app or its official website.

The online application process is outlined as follows:

Step 1: To begin, ensure you are an active Indian merchant using the Bharat Pe QR scanner. Once you have accumulated sufficient payments in your Bharat Pe QR scanner, you can proceed with the loa. application.

Step 2: Download the Bharat Pe application or visit its official website.

Step 3: Complete the application form with details about your business and other pertinent information. The approved loan amount will be determined based on the number of payments received in your Bharat Pe QR scanner.

Step 4: After filling out the form, submit all the required documents.

Step 5: Following document submission, the loa. will be credited within a few days, typically taking one or two business days to process.

Required Documentation

List of Required Documents:

  1. Proof of Identity – Aadhaar card, passport, voter ID card, etc.
  2. Proof of Address – Aadhaar card, driving license, passport, etc.
  3. PAN card for successful KYC and business-related information.
  4. Selfie for identification purposes.
  5. Link your bank account with Bharat Pe and register for NACH (National Automated Clearing House).


What is the maximum loan amount available from Bharat Pe?

The maximum loan amount you can obtain from Bharat Pe is 7,00,000.

How is the loan amount repaid?

Loan repayments are conveniently deducted daily from your bank account in small Equated Daily Installments (EDIs).

Is Bharat Pe’s loan service exclusively for merchants?

Yes, Bharat Pe’s loan service is specifically designed for eligible merchants.

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

Interestingly, there is no processing fee for Bharat Pe loans. You can access the loan without incurring any processing fee or joining fee.

Sanjeet Kumar is a graduate of Journalism, Psychology, and English. Passionate about communication - with words spoken and unspoken, written and unwritten - he looks forward to learning and growing at every opportunity. Pursuing a Post-graduate Diploma in Translation Studies, he aims to do his part in saving the 'lost…

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