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Q.

How to scan a QR code and get a loan amount?

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0 2025-12-10T10:32:40+00:00

Scanning a QR code cannot provide you with a loan amount unless it belongs to a reputable, authorised lender. It usually means you're utilising a bank's app (such as iMobile Pay) to turn a merchant purchase into an instant, short-term EMI loan. For new loans, several lenders offer QR code-based application links. You just need to scan the QR code, check the details on their app, and the loan amount is disbursed for the transaction.

Before accepting, ensure to review the interest rates and terms. Never scan random QR codes, share OTPs, or allow screen-sharing apps, as many QR-based loan ads online are fraudulent.

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