Paytm is a leading digital payment company in India. It is one of the most valuable and popular digital payment companies in India. It offers a wide range of products and services, ranging from mobile payments to e-commerce to banking and insurance services.
Paytm is offering Paytm business loans up to 5 lakh without any documents.
Paytm Business Loan Quick Recap
Interest rate | Up to 36% p.a. |
Loan Amount | UP to 5 lakh |
Loan Tenure | Up to 365 days |
Income Required | NIL |
Processing Fees | 2% of the loan amount + GST |
Eligible For | Self Employed Businessman |
Also Read: Rufilo Loan up to 1 lakh
Benefits of Paytm Business Loan
1. You will get the loan without any documents.
2. You can use it to pay your utility bills, bank fees, and other everyday expenses.
3. You can also pay for things outside of Paytm like utility bills and other family expenses.
4. The loan is available for both individuals and small businesses.
5. Get instant approval.
6. Paytm business loan offers flexible repayment tenure.
Paytm Business Loan Fees & Charges
Interest rate | Up to 36% p.a. |
Processing Charges | 2% of the loan amount + GST |
Overdue Charges | Applicable |
Also Read: MSME Business loan
Paytm Business Loan Eligibility
Fulfill the basic eligibility criteria for a Paytm loan:
- This loan is only for Business people.
- A Paytm account is required to get this loan. Paytm offering this loan only for existing Paytm customer who has monthly transaction through Paytm.
- CIBIL Score is required to get this loan.
How to Apply For Paytm Business Loan
Step 1: Download and open the Paytm App on your smartphone.
Step 2: Open the Paytm App and go to the Business Loan page.
Step 3: A new page will appear, asking for the loan amount.
Step 4: Using the slider, select the loan amount and payback duration.
Step 5: Once you’ve decided on a loan amount, click ‘Start Loan Application.’
Step 6: Visit a KYC center near you to complete your KYC procedure.
Step 7: Once the KYC is finished, a Paytm representative will begin the loan application process.
Step 8: The loan money will be paid to your Paytm savings/current account once the supplied papers have been checked and authorized.
Also Read: Instant Business Loan Online up to 30 Lakh
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