Paytm Personal Loan is a loan service through which you can easily avail an amount ranging from ₹10,000 to ₹3,00,000. Loan repayment periods range from 3 to 60 months, and interest rates can range from 11% to 24%, depending on your credit score and financial status. The loan approval process is quick and easy, and the loan is approved within minutes after submitting the required documents like Aadhaar card, PAN card and bank statements. After completion of the KYC process, the loan amount is directly credited to your Paytm linked bank account. Eligibility criteria for availing this loan is 23 to 60 years of age. This service of Paytm is a good option to meet urgent financial needs.
Paytm Personal Loan Highlights
| specialty | detail |
| Loan amount | ₹10,000 to ₹3,00,000 |
| Payment period | 3 to 60 months |
| Interest rate | 11% to 24% per annum |
| Loan approval process | Quickly, in minutes |
| Deposit of amount | In Paytm linked bank account |
| Eligibility (Age) | 23 to 60 years |
| Eligibility (Credit Score) | More than 700 |
| Necessary documents | Aadhaar Card, PAN Card, Bank Statement/Salary Slip |
| Application Procedure | Online application through Paytm app |
Features of Paytm Personal Loan
- Loan Amount: Can avail loan from ₹10,000 to ₹3,00,000.
- Repayment Period: The loan repayment period is 3 to 60 months.
- Interest rate: The interest rate on the loan usually ranges from 11% to 24% per annum, depending on your credit score and payment history.
- Loan Approval: Personal loan approval process is quick and requires less documents.
- Amount Deposit: After the loan is approved, the decided loan amount is directly deposited into your Paytm linked bank account.
Paytm Personal Loan Eligibility Criteria
- Age: Applicant’s age should generally be between 23 to 60 years.
- Income: Must have regular income. (Salary slip or bank statement as proof of income)
- Credit Score: Having a credit score of more than 700 helps you get approved for a loan.
- KYC Process: You must complete KYC on Paytm.
Paytm Personal Loan Required Documents
- Aadhaar Card
- PAN card
- Bank statement or pay slip (for salaried)
- Address proof
These documents will need to be submitted online or offline as part of the loan process.
How to Apply for Paytm Personal Loan
The process of applying for a Paytm Personal Loan is very simple. You can apply for a loan through the Paytm app by following the steps mentioned below:
- Open the Paytm app: Open the Paytm app in your smartphone.
- Go to the Loans and Credit Cards section: Go to the home page and click on the option for Loans, and then select the “Personal Loan” option.
- Choose Loan Amount and Tenure: Choose the loan amount and repayment period, as per your requirement.
- Complete KYC Process: If your KYC is incomplete then upload Aadhaar Card, PAN Card etc. for your identity and address.
- Submit Loan Application: Submit your application after submitting all the details and documents.
- Approval and Deposit of Amount: It usually takes a few minutes from the time the loan is approved to the credit of the loan amount in your bank account.
- This way, you can easily apply for a personal loan online through the Paytm app.
Conclusion
Paytm Personal Loan is a progressive and fast financial service through which customers can easily meet their immediate financial needs. The loan amount ranges from ₹10,000 to ₹3,00,000 and is approved based on the user’s credit score, income, and KYC process. Paytm offers customers minimal documentation, quick approvals, and direct bank account deposits. The interest rates in this plan can range from 11% to 24%, and flexible repayment periods of 3 to 60 months are available, giving the customer the option to choose the right EMI plan.
Important Links
| Paytm Personal Loan | View |
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