00:00 Sometimes we need to take a loan in life.
00:03 And in such a situation, to take a loan directly from the bank,
00:06 we have to go through the officials, welcome, and go around the bank.
00:11 If you are also in need and want to take a loan,
00:14 Google has brought you great news.
00:17 The news is that you don't have to go around any bank to take a loan.
00:22 Because now Google will give you a loan.
00:25 What is the whole news?
00:26 Let me tell you in detail.
00:27 Hi, this is Bhavna and you are watching GoodReturns.
00:29 Actually, the world's largest tech company, Google's payment app, Google Pay,
00:33 has started a loan facility in India.
00:36 Google Pay has partnered with many banks to start giving small loans.
00:42 This loan is called a Sessile loan.
00:44 Sessile loan means a small amount of loan for a small tenure.
00:49 This loan is immediately obtained and it is also very easy to repay it.
00:54 Under this facility, Google Pay is going to give small businessmen a loan of up to Rs 15,000.
01:00 This loan is being offered on a monthly loan of Rs 111 on Google Pay.
01:05 In India, there are many Chinese apps available to give retail loans at this time.
01:10 Because of which people are also getting a lot of trouble.
01:13 This app gives loans to people using illegal methods.
01:18 And they also pay them for the recovery.
01:20 Many cases have also come up.
01:22 But now people will get a reliable source of money from Google Pay's retail loan service.
01:27 You have to keep in mind that Google is not giving you this Sessile loan directly.
01:32 But for this, it has partnered with many banks.
01:36 The bank will give you a loan, Google Pay will only work as a medium.
01:40 Google Pay has partnered with DMI Finance for this.
01:44 Google Pay has enabled a credit line that will help the merchant.
01:48 For this, Google Pay has partnered with ePay Later.
01:52 All online and offline distributors can use this credit line to buy their stock and supply.
01:59 To expand the personal loan portfolio, Google Pay has partnered with Axis Bank.
02:05 With this business of giving loans to small businessmen, Google will help India to enter the financial market.
02:13 At this time, big payment companies like Paytm, Phonepay, Bharatpay are already offering such services.
02:19 If we talk about Google Pay's loan, then this loan starting from Rs 10,000 can be returned in 7 to 12 months.
02:27 To take Sessile loan, you can download any loan app or you can also put an online application for it.
02:36 And the verification process is also very simple.
02:40 In September last year, the Indian Reserve Bank gave permission to link the Rupee Credit Card with UPI.
02:48 FinTech companies have started focusing on instant loans in recent years.
02:53 Now, the credit facility on UPI is also increasing.
02:59 We have also made a video on this, you can also see it on the GoodReturns page.
03:03 This will be very easy for small businessmen because you will get a loan up to Rs 15,000 through Google Pay.
03:11 Its EMI is very low.
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