PhonePe UPI Payments, Loan App26.08.28.0

Send money through UPI using a UPI ID or mobile number, transfer funds between your own linked bank accounts, and pay merchants by scanning QR codes at stores, pharmacies, and restaurants. PhonePe links accounts from SBI, HDFC, ICICI, Axis, and more than 140 other banks so you can check balances and authorize payments in one place.

The app handles prepaid recharges for Jio, Airtel, Vi, and BSNL, as well as DTH and broadband services. Additional financial tools cover mutual-fund investing, 24K digital-gold purchases, insurance-related payments, and personal or pre-approved loan applications through a fully digital process.

Loan details describe funds being disbursed to a bank account, repayment periods from 6 to 48 months, and a maximum APR of 36%; an example shows a ₹1,00,000 loan over 12 months with a ₹4,694 EMI. Search can locate contacts, bills, and app features, while the refreshed interface brings UPI and card payments into a more direct layout.

It is free to use, with a paid version offering additional features. Bank payments require linked bank accounts, and the service suits shoppers, households, commuters, investors, and borrowers managing everyday financial tasks from one app.

Free to use — a paid version with additional features is also available.