Paytm personal loan : Paytm is a financial company providing consumer and banking facilities. Mostly paytm is used for online transactions but many people don’t realize that one can also apply for personal loan through mobile app paytm.
paytm is approved by Reserve Bank of India and hence you can easily take loan from here. If you want to take a personal loan, then Paytm will also be a good option for you.
Paytm personal loan: Highlight
- Post paytm personal loan
- Type of Loan Personal Loan
- Loan amount from 10000 rupees to five lakh rupees
- Minimum Interest Rate 3%
- Maximum Interest Rate 36%
- Processing fee starts at 1.5%
How many rupees can get a loan?
- How much loan you will get from paytm depends on your financial transaction and your cbil score.
- Generally, personal loans from 10000 rupees to 5 lakh rupees can be availed through paytm.
- If you want to take a business loan, this amount can increase.
- This loan can be availed for a maximum period of 12 months.
Interest Rate
- Paytm personal loan depends on how much money you want to borrow and how long you will pay it back.
- Paytm’s minimum interest rate is three percent.
- While its maximum interest rate is up to 36 percent.
- In addition, a processing fee of 1.5 percent will be charged.
Who can get paytm personal loan?
Following are the eligibility requirements to avail Paytm Personal Loan.
- A salaried person or a self-employed person can apply for a Paytm Personal Loan.
- Your cbill score should be good for paytm personal loan.
- You must be at least 18 years old for paytm personal loan.
- If you prove to be a defaulter then you will not be able to apply for Paytm Personal Loan.
- Only Indian citizens can apply for personal loans from Paytm Payments Bank.
- Your monthly income should be at least 12 thousand rupees.
- If the bank account transactions are good then you can get personal loan from paytm payment bank.
How many documents will be required to take a loan?
To take paytm personal loan you will need the following documents.
- Aadhaar card of the borrower.
- PAN Card.
- Aadhaar card should be linked with mobile number.
- Bank Account No Statement.
- Salary slip if salaried.
How to apply online for paytm personal loan?
- First open the Paytm app.
- Login to it.
- In it you will see personal loan option click on it.
- Click on it there will be a table where you have to check the loan offer.
- Now in the new page enter your pan number date of birth e-mail id etc and click on process option.
- Now enter all your personal information in the new page and proceed.
- Now a new page will open in front of you where your eligibility will be checked.
- If you are eligible for the loan, a pop up page of congratulations will open.
- Now click on Get Start.
- Now select loan tenure and EMI.
- Asks to upload a selfie of you.
- Now a page will open in which enter your Aadhaar number and enter captcha code.
- Enter an OTP that will be sent to your mobile as you proceed.
- Now you have to fill the bank details and submit the application.
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