Django login/ payload visible in plaintext in Chrome DevTools

This is weird. I have created login functions so many times but never noticed this thing.
When we provide a username and password in a form and submit it, and it goes to the server-side as a Payload like this, I can see the data in the Chrome DevTools network tab:

csrfmiddlewaretoken: 
mHjXdIDo50tfygxZualuxaCBBdKboeK2R89scsxyfUxm22iFsMHY2xKtxC9uQNni
username: testuser
password: 'dummy pass' #same as i typed(no encryption)

I got this in the case of incorrect creds because the login failed and it wouldn’t redirect to the other page.
But then I tried with valid creds and I checked the Preserve log box in the Chrome network tab. Then I checked there and I could still see the exact entered Username and password. At first I thought I might have missed some encryption logic or something.
But then I tried with multiple reputed tech companies’ login functionality and I could still see creds in the payload. Isn’t this wrong?

It’s supposed to be in the encrypted format right?

Models.py

from django.contrib.auth.models import User

class Profile(models.Model):
    user = models.OneToOneField(User, on_delete=models.CASCADE)

html

<form method="POST" class="needs-validation mb-4" novalidate>
    {% csrf_token %}
    <div class="form-outline mb-4">
       <input type="email" id="txt_email" class="form-control" 
          placeholder="Username or email address" required />
     </div>
  <div class="form-outline mb-4">
        <input type="password" id="txt_password" class="form-control" 
         placeholder="Password" required />
  </div>

                    <div class="d-grid gap-2">
                      <button class="btn btn-primary fa-lg gradient-custom-2 login_btn" type="submit" id="btn_login"><i class="fa fa-sign-in" aria-hidden="true"> </i> Sign in</button>
                      <div class="alert alert-danger" id="lbl_error" role="alert" style="display: none;">

                      </div>

                    </div>

</form>

login view

def authcheck(request):
    try:
        if request.method == "POST":
            username = request.POST["username"]
            password = request.POST["password"]
            user = authenticate(username=username, password=password)
            if user is not None:
                check_is_partner = Profile.objects.filter(user__username=username, is_partner=True).values("password_reset").first()
                if check_is_partner and check_is_partner['password_reset'] is True:
                    return JsonResponse(({'code':0 ,'username':username}), content_type="json")
                if check_ip_restricted(user.profile.ip_restriction, request):
                    return HttpResponse("ok_ipr", content_type="json")
                login(request, user)
                session = request.session
                session["username"] = username
                session["userid"] = user.id
                session.save()
                if check_is_partner:
                    return HttpResponse("1", content_type="json")
                else:
                    return HttpResponse("ok", content_type="json")
            else:
                return HttpResponse("nok", content_type="json")
    except Exception:
        return HttpResponse("error", content_type="json")