Paytm Personal Loan: Everyone needs money to fulfill their financial needs. In such a situation, he either takes a personal loan from someone or takes a loan from a bank or NBFC. One such well-known NBFC company, which we know as Paytm, can easily take loans and cater to your needs. Let’s know about it in detail.
Paytm Personal Loan Apply
Paytm is a mobile application which means pay through mobile and through this application any user can easily take a loan who meets the criteria of this application. To take a loan from this application, there are some pre-defined eligibility criteria, after fulfilling which Paytm gives the loan to the user.
How to get a loan from Paytm?
To know how much loan you can get from Paytm, you have to know what is your eligibility, before giving Paytm loan, look at all those things, how much you earn and how you earn. For this you can know about eligibility of Paytm.
What is Paytm Eligibility for Loan?
To avail a loan from Paytm, the following eligibility criteria are required.
Must be an active user of Paytm.
A good number of daily transactions are happening on Paytm business.
User should have good CIBIL and should not default on any loan.
Applicant must be at least 18 years of age.
All these eligibility are required for paytm loan.
How many loans are available from Paytm?
Paytm has a different policy for disbursement of loans. Paytm borrowers have a question in their mind that how much loan they will get? Initially Paytm used to give maximum loan of 2 lakh rupees but now this Paytm company gives loan from 10 thousand to 3,00,000 rupees. However, if you take a business loan from Paytm, this amount can be higher.
Documents required for taking a loan from Paytm
These are all the important documents required to take a loan from Paytm
Aadhaar Card – It is important for the applicant to know whether his account created in Paytm is fully KYC verified or not. If yes then it is not required otherwise applicant has to KYC verify his Paytm account with Aadhaar card.
PAN Card – Also, it is important for the applicant that he/she should have a PAN card and should not have any outstanding loan and should not be in default on any loan.
Bank Account – Apart from this the applicant should have his own bank account. Money is sent to you in this bank account.
How to apply for a loan from Paytm?
How to get a loan from Paytm. For this the applicant or user has to follow this method.
For this first you have to install Paytm app in your mobile. In it you have to login with the same ID with which your fully verified KYC is done and daily transactions are done.
After this, you have to come forward by clicking on the personal loan icon and enter your PAN card in it. After this, based on your PAN card and transactions, you will get a loan offer if you are eligible for it.
If you are eligible, you get loan offers and you can apply for any of those offers.
If the application made by you is found to be correct, you will get the loan amount and the amount will be transferred to your bank account.
How much interest does Paytm charge on Loan?
To know what interest Paytm charges, you need to tell how much you are borrowing and for how long. When you apply for a loan, it also tells you the interest rate on the loan. Along with the loan application, you are informed about the interest rate which ranges between 8 percent to 16 percent.
