Many People Didn’t Know that Paytm has recently launched a new product for its customers. The financial technology company has now announced the launch of Paytm Personal Loan which allows users to borrow up to Rs 2 lakh.
It is worth noting that the service is available to all customers in India and the loan is disbursed within 2 minutes. The new service has been launched to provide its customers with a wider range of services.
There is no documentation or verification of customers to be done though. Once the loan is approved, it is instantly disbursed to the user. Here are some tips for the Paytm Personal Loan.
What is Paytm?
Paytm is a major Indian e-commerce and mobile payments company with a focus on digital payments and products and services aimed at the rising Indian middle class.
Paytm is one of the leading Indian mobile wallets and a digital payments platform for online shopping. It was launched in August 2010 by two IIT alums, Vijay Shekhar Sharma and Mohit Kalra.
The company has stated that it is targeting to be a billion-dollar company by 2018. Paytm is a mobile payment platform which offers a personal loan product to the users of the app.
The company has announced a new launch of the product and made it available for all its users without any documentation and verification. The loan is given up to Rs. 2 lakh and the process of loan application is completely digital.
What is Paytm Personal Loan?
Paytm Personal Loan is a new product launched by Paytm. The product is a secured loan up to Rs 2 lakh. It is available for all customers who have an active Paytm account with a valid debit card.
The loan is issued in just 2 minutes and is transferable to any other bank account. Loans are disbursed in 24 hours. The loan is approved within minutes of applying, so there is no waiting period.
There are no physical documents required to apply. The loan is given as soon as it is approved. The loan amount is transferred to the customer’s bank account in 24 hours.
How to apply for a Paytm loan?
Paytm, a mobile application that facilitates digital payments, recently announced that it is offering instant loans up to Rs 2 lakh to its customers in just 2 minutes. The non-banking financial company has digitised the entire process for loan application.
The fund is disbursed as soon as it is approved. The loan is provided by Paytm Bank and you do not need to provide any physical documentation or verification of the customer. You can apply for the loan by visiting the website, or by calling on 1800-112-465.
What are the benefits of Paytm Personal Loan?
Paytm is offering instant loans up to Rs 2 lakh to its customers in just 2 minutes. The non-banking financial company has digitised the entire process for loan application. There is no physical documentation or verification of customers required to obtain the loan.
The fund is disbursed as soon as it is approved by the company. The loan is available for the customers who are using Paytm for the first time, who are not a registered customer of Paytm or are not an active Paytm member.
All loans under this plan will be repayable in equal instalments in the minimum of 3 months. The loan is also an easy process as the customers need not submit any documents or verification.
• Paytm is offering instant loans up to Rs 2 lakh to its customers in just 2 minutes.
• The non-banking financial company has digitised the entire process for loan application. There is no physical documentation or verification of customers required to obtain the loan.
• Simply apply for the loan at Paytm from home, from your phone or on the go, and receive the loan in just 2 minutes by using your Aadhaar card.
• The loan can be used to purchase any product or service, including weddings, education, cars, holidays and more.
• Apply for a loan now and get your instant loan in just 2 minutes.
What is the repayment schedule?
When you take a loan, it can be difficult to find the right repayment schedule. However, with Paytm, it’s easy to find the right repayment schedule. The repayment schedule can be found on your dashboard.
The repayment schedule is based on your repayment history and the principal amount borrowed. The repayment schedule is also easier to calculate in comparison to other financial institutions.
To take out a loan, all that you need is your mobile number and access to the internet. You can also take a loan by visiting one of Paytm’s partner branches.
How to repay the loan?
When it comes to repaying the loan, you don’t need to worry about anything. It is an instant loan and it’s disbursed as soon as it’s approved. Paytm Personal Loan is the first and easiest way to get a quick loan with no paperwork.
Once you have taken the loan, it can be used on anything. The best way to repay it is by paying the loan back in monthly instalments. It can be repaid in the monthly instalments that are provided to you. It can also be repaid in six equal instalments.
With the new and innovative Paytm Personal Loan, you can now get a loan from Paytm. We hope you enjoyed our blog about how to take-out an instant loan at Paytm. Paytm has offered a new way to obtain a loan for anyone who needs it.
We hope you find this article helpful in your endeavour to secure a quick loan, and we would love to hear from you in the comments if you have any questions! Please visit our website at Insuloan.