Unlike old times when only banks used to provide loans, now there are multiple channels to apply for a loan. In case you want to take a loan from Paytm, this article is for you.
The first thing that comes to our mind when we talk of a loan is how much one can get. Our needs and circumstances will vary which is why the loan amount needed will also differ.
You can avail a loan from Rs.10,000 to Rs.3 Lakh from Paytm to fulfill your requirements. However, the amount you can get will depend on your eligibility.
The fees and charges of a personal loan from Paytm depends on a number of factors. You can easily see your interest rate and tenure, once you start the application process.
If you are reading this and are wondering, ‘Am I eligible for taking a personal loan from Paytm?’, we have the answer for you.
To get a loan from Paytm-
You have to be an active Paytm user
Your age must be between 23 to 60 years
To check your eligibility, you can search for ‘Personal Loan’ on the Paytm app.
It is fairly simple to apply for a Paytm personal loan and not much documentation is required. All you need to do is-
Complete your KYC process
Give your PAN and Aadhaar details
Provide your bank account and EMI payment setup
It is a paperless journey and can be completed on your phone itself.
The application process consists of easy-to-follow steps -
Open Paytm on your phone and click on ‘Personal Loan’ on your home page
Enter your PAN number and other basic details
You will then get your loan offer. Check the interest rates, fees, tenure carefully
Share your bank account details and setup the EMI repayment procedure
Loan Amount
Min ₹10
Max ₹10,000,000
Rate of Interest
Min 5%
Max 25%
Loan Tenure
Min 3 months
Max 72 months
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Disclaimer
The starting interest rate depends on factors such as credit history, financial obligations, specific lender's criteria and Terms and conditions. Moneyview is a digital lending platform; all loans are evaluated and disbursed by our lending partners, who are registered as Non-Banking Financial Companies or Banks with the Reserve Bank of India.
This article is for informational purposes only and does not constitute financial or legal advice. Always consult with your financial advisor for specific guidance.
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