Paytm Personal Loan Apply 2024: Most of the people must be using Paytm mobile app for digital transactions. Through which recharging the mobile, paying the bill, and doing online transactions, all these tasks are done. But this Paytm mobile app is also offering personal loan up to Rs 3 lakh for your personal needs, that too at easy interest rates. If you are between 25 to 60 years of age, and want to take a personal loan for yourself, then stay in this article till the end.
Paytm Personal Loan Apply 2024
Paytm mobile app is the most liked payment app in the country. A few years ago, Paytm was given the status of payment bank. Because of this, Paytm now provides the facility of business loan, personal loan, etc. to its users. Through Paytm Personal Loan, anyone can take a personal loan up to Rs 3 lakh in 2 minutes, the repayment period of which will also be 48 months.
If you want to take a loan for a period of 1 month under Paytm Personal Loan, then you will not have to pay any interest rate. That means this loan will be given to you at 0% interest rate. However, the interest rate till maturity period will depend on the loan amount and credit score. Paytm does not charge any activation fee for this loan.
Paytm Personal Loan 2024: Overview
| Name of article | Paytm Personal Loan Appland 2024 |
| lender | Paytm Payment Bank |
| year | 2024 |
| objective of the plan | Providing small personal loans for the personal needs of individuals. |
| Beneficiary | all citizens of india |
| application system | Online |
| official website | https://paytm.com/loans-credit-cards/personal-loan/ |
Benefits and features of Paytm Personal Loan
- Usually Paytm gives personal loans ranging from Rs 10000 to Rs 3 lakh, which has been increased to Rs 3 lakh.
- The loan amount will depend on the individual’s credit score, repayment capacity, and relationship with the bank.
- Paytm approves loans for its users in just 2 minutes.
- For this loan the person will need to give some guarantee.
- If you take a personal loan from Paytm, it also improves your credit score and profile.
- Any person can repay the loan through EMI as well as through other means.
- The application process for Paytm Personal Loan is completely online.
- Paytm offers 24*7 personal loans 365 days a year।
Eligibility for Paytm Personal Loan
- The loan recipient must be a citizen of India.
- The age of the applicant should be between 25 to 60 years.
- The applicant should be an active user of Paytm mobile app.
- The applicant must have done maximum transactions through Paytm.
- If the CIBIL score of the applicant is better then it will be easier to get the loan.
- There should not be any previous loan default.
- Both self-employed and salaried individuals will be eligible for Paytm Personal Loan.
- Minimum monthly income should be Rs 12000.
Documents required for Paytm Personal Loan Apply
- Aadhar card
- PAN card
- any business or job document
- Latest Salary Slip
- Bank statement
- mobile number linked to aadhaar
- Passport size photograph
How to apply for Paytm Personal Loan?
Paytm provides personal loans to users through its mobile application. That is why it is necessary to have Paytm mobile application downloaded in your phone. If not then-
- First of all go to Google Play Store and get Paytm Mob.iDownload the App.
- Now create an account on this app i.e. register using your bank account and mobile number linked to the account.
- After successful account creation, you will see the option of Personal Loan on the main interface of Paytm.
- Apart from this, the option of personal loan will also be available in the Loan and Credit section, click on it.
- Now the logo of personal loan of Rs 3 lakh will appear on your screen, below which CLICK on Get it Now.
- On the new page you will have to enter some information related to your PAN card, date of birth, etc. If you have already done it, everything will be recorded automatically.
- After this, agree to the Terms and Conditions below and click on Continue.
- As soon as you CLICK, you will be asked for some other details.
- Enter all the requested information and scan and upload the required documents.
- After this click on Apply Now or Submit.
- Now your documents will be verified by Paytm Payment Bank and if found eligible, the loan amount will be sent to your bank account.
Paytm Personal Loan Interest Rates-
However, these interest rates depend on the applicant’s profile, his CIBIL score, and other details. But generally Paytm charges interest rates ranging from 8% to 16%. However, if you take a personal loan only for one month, then the interest rate for you will be 0%.
