How to get loan from Paytm

How to Take Loan From PayTM App: – Friends, people need money to fulfill their needs, for which they work hard and work. But even after that, they are not able to earn so much money that they can fulfill all their needs from their salary, then they need to take a personal loan.

For which they go to the bank, many times people get loan easily by applying and sometimes they are not able to get loan at the time of need. When people are not able to get loans through banks, then financial institutions help them.

In today’s article, we will share with you all the information like Paytm App se Loan Kaise Le, how much loan will be available from Paytm, how much interest is charged on Paytm Personal Loan, eligibility for taking Paytm Personal Loan, how much will be the repayment tenure etc. There are those that will be of great use to you. So read this article carefully till the end.

What is Paytm

Paytm is India’s number one Transaction Application, with the help of which you can pay various types of bills, book tickets for trains, buses, airlines etc., shop online, do online transactions, mobile recharge Can get it done and can also take a loan if needed. More than 45 crore people are using Paytm in India. The founder of Paytm is Vijay Shankar Sharma.

Here is some information about Paytm, now we know how we can take a loan from Paytm.

How to get loan from Paytm

Before taking a loan from Paytm, you have to create your Paytm bank account, which you can easily create. After the Paytm account is created, go to your nearest cyber cafe and complete your KYC process in Paytm. Only then you can apply for loan in Paytm. After this you can easily get Paytm Personal Loan.

Paytm had established Paytm Payment Bank for the convenience of its users. And recently, Paytm Payment Bank has also made arrangements to give loans up to 2 lakhs to users by making an agreement with ICICI Bank.

Requirements For Apply for PayTM Loan

It is necessary to have KYC of Paytm Account.
You also have to give the details of what work you do to Paytm.
You will have to add your bank details to Paytm in which you can take loan and pay EMI.

Eligibility for Taking Loan from PayTM

Check your eligibility before applying for Paytm loan. You must have the following qualifications to take a loan from Paytm.

Your nationality should be Indian.
Your age should be between 25 to 60 years.
You must have some source of income to repay the loan.

Documents Required for Taking Loan from PayTM

To take a loan from Paytm, you must have the following documents –

Pan card
Aadhar Card
Bank account

How to get loan from Paytm – Paytm Se Loan Kaise Le

Applying for Personal Loan from Paytm is very easy, if you are facing any kind of problem, then follow the process given below.

Step-1: When you get your Paytm Account verified, you will get the option of Personal Loan on Paytm’s Dashboard, click on it.

Step-2: After this, a form will open in front of you in a new window, in which you will have to fill your PAN card number, date of birth, email ID and reason for taking the loan. You fill the form and click on the Proceed option.

Step-3: After this you will be asked to fill some additional details in which you have to select your profession whether you are Salaried, Self Employed or Not Employed. After that fill the details below accordingly and fill the name of your parents and click on Confirm.

Step-4: After this if you are eligible to take the loan then your application will be accepted and if you are not eligible then your application will be rejected.

Step-5: If your application is accepted then after some time you will get a call from Paytm telling you that your loan has been approved. And within 24 hours the loan amount will come into your account.

So after doing such a simple process, you can easily get a loan from Paytm.

PayTM Loan Charges

Processing fee with GST
Late Payment Fees – If you do not pay EMI on time
Bounce Charge – Auto-debit bounce from the linked bank account in case of EMI installment only

Features of Paytm Loan

Paytm Personal Loan has the following features that will benefit you –

You can take a loan of up to Rs 2 lakh from Paytm.
The interest rates on loans in Paytm are also low.
By taking a personal loan from Paytm, you get up to 3 years to repay the loan, which you can repay easily.
Paytm does not charge any kind of fee before giving the loan.
With Paytm you can apply for online loan sitting at home.
You need less documents while taking a loan from Paytm.
You live in any corner of India, you can easily take a loan from Paytm.
Paytm loan is given on the basis of credit score.

Where can you Use Paytm Loan?

You can use Paytm loan for the following purposes –

Marriage – in marriage
You can go on holiday.
You can use Paytm loan in your education.
You can use Paytm loan to meet your home needs.
Paytm loan can be used to take the vehicle.
You can use Paytm loan for your treatment.
You can use Paytm Personal Loan for your personal expenses.

FAQs – Related to PayTM Personal Loan

How much will you get Paytm Personal Loan? Whenever you go to any bank or financial institutions to take a loan, first find out how much loan amount you will get. If you do Paytm, then you can easily get a personal loan from Paytm ranging from 10 thousand to 2 lakh rupees.

How much interest will be charged on Paytm loan? You must know that whenever we take a loan, it has to be repaid with some percentage of interest. Paytm provides you the facility of personal loan and you must know that personal loan is a secured loan. Therefore, the rates of interest are also high in this.

But if you take a loan from Paytm, then you get a personal loan at very low interest rates. When you apply for a loan from Paytm, you are also told the interest rates along with the EMI.

For how long will the loan be available from Paytm? Whenever a loan is taken, it has to be given back within a certain time period, which is called Tenure in the language of the bank. When you take a loan from Paytm, you have to repay this loan over a period of 6 months to 36 months. Which a normal person can easily repay.

In how many days is Paytm loan available? Paytm loans are completely online, you have to apply for Paytm loan online only. As we have mentioned the process above, you can apply for Paytm loan within just 2 minutes. After applying for the loan, Paytm’s team will check your documents and after that the money comes into your account within less than 24 hours.

Who gets instant loan from Paytm? Instant loan from Paytm is available to job professionals, small and big businessmen and professional individuals. Paytm loan is given on the basis of credit score. Apart from this, those people also get instant loan from Paytm, whose relations with Paytm are good. Meaning that we keep doing transactions with Paytm.

What type of loan can be taken from Paytm? You can easily take personal loan from Paytm.

How much loan can be availed from Paytm? You can take a personal loan from Paytm ranging from 10 thousand to 2 lakh.

What happens if I do not pay back the Paytm loan? If you do not pay back the Paytm loan, then first Paytm will remind you through many channels, even then if you do not pay the installment then you will be charged additional interest and Paytm will never give you loan in future. And this will also spoil your credit score.

Conclusion:- Through today’s article, we have given you complete information about Paytm App se Loan kaise Le, which will definitely help you in taking a personal loan from Paytm. Hope you have liked this article written by us, share this article with your friends on social media and also help them in taking Paytm loan.