Paytm Personal Loan
Apply for an instant Paytm Online Personal Loan up to Rs. 3 Lakhs in just 2 minutes at an interest rate starting from 0% for up to 30 days. The tenure for Paytm instant loan varies from 18 to 36 months and no activation fee is involved.
Paytm Personal Loan Details
Below are the key Paytm loan details:
| Loan amount | Rs. 10,000 - Rs. 3 Lakhs |
| Rate of interest | 0% interest for up to 30 days |
| Tenure | 18 - 36 months |
| Activation fee | Nil |
| Late payment fee | Up to Rs. 500 |
| Fee for extending the due date by 1 month | 3% of the outstanding amount |
| Turnaround time | 2 minutes |
| Age required | 25 - 60 years |
Paytm Personal Loan Features & Benefits
- Loan amount: You can borrow a minimum of Rs. 10,000 and a maximum of up to Rs. 3 Lakhs as a Paytm personal loan.
- Flexible tenure: The tenure for repayment of the loan varies from 18 to 36 months.
- Attractive interest rate: You can get a Paytm personal loan interest rate starting from 0% for up to 30 days.
- Nil activation fee: There is no activation fee for obtaining the Paytm bank loan.
- Quick disbursal: The loan amount is disbursed online instantly within just 2 minutes.
- Online documents sharing: All documents are shared online via email, such as a Welcome Letter, Loan Agreement, EMI Repayment Schedule, Statement of Loan Account, GST Invoices for Charges paid, and No Objection Certificate.
- Improve credit score: Paytm bank personal loan helps you build and/or improve your credit score and profile.
- Multiple payment options: You can repay the loan through EMIs with a variety of payment modes.
- Online process: The entire Paytm personal loan process, from application to disbursal, is 100% digital.
- 24x7 service: The Paytm loan service is available 24x7 for all 365 days a year, including public holidays and weekends.
- Dedicated customer care: You can call the dedicated Paytm personal loan customer care number anytime for any queries.
Paytm Personal Loan Eligibility
You must meet the following Paytm personal loan eligibility to be eligible for the loan:
- You must be aged between 25 to 60 years to be approved of the loan.
- You must have an active bank account so that the loan amount can be transferred to your account and the EMI can be deducted online.
- You can check your Paytm personal loan eligibility by searching for "Personal Loan" on the Paytm APP and clicking on the Personal Loan icon.
Document Required for Paytm Personal Loan
- KYC documents, such as PAN or Aadhaar Card.
- Occupation and income proof.
- Other documents as required by the lender.
Paytm Personal Loan FAQs
The most common key factors for Paytm personal loan eligibility are:
- Age
- Income
- Geographic location
- Credit score
- Credit/debt history
- Employment organization or Employer
- Residential status
The maximum amount of personal loan on Paytm that you can borrow is up to Rs. 3 Lakhs.
You can get Paytm instant personal loan rate starting from 0% for up to 30 days. Paytm personal loan interest and applicable EMIs will be shown to you during the loan application prior to availing the Loan.
You will get the Paytm personal loan online transferred to your preferred bank account that you choose during the loan application. The Enach for EMI repayment has to be set up from the same account and the EMI be deducted from the same bank account after the loan is active. If you could not set up the Enach from your preferred account due to any issue, you can try after some time or select an alternate bank account. Enach is mandatory to get an instant personal loan in Paytm.
If you are looking for a Paytm personal loan apply online through the Paytm app. You can get an instant loan from Paytm app by applying for a loan from Paytm through the Personal Loan option. The Personal Loan option is provided under the Financial Services tab. The entire Paytm loan process is online.
You can close the Paytm personal loan before the end of the tenure as per the terms and conditions of the Lender. Select the Paynow Section of the loan passbook on the Paytm loan app using your net banking or debit card to close the account.