Table of Contents
- Paytm Personal Loan Details
- Important Points of Paytm Loan
- Features and Benefits of Paytm Personal Loan
- Paytm Personal Loan Eligibility
- Documents Required for Paytm Instant Personal Loan
- Paytm Personal Loan Online Process
- How to Check Paytm Personal Loan Application Status
- How to Pay Paytm Personal Loan EMI
- Personal Loan Other Charges
- Paytm Personal Loan Foreclosure Charges
- Paytm Personal Loan Rate of Interest
- Paytm Personal Loan Customer Care Number
- Paytm Personal Loan EMI Calculator
- Paytm Personal Loan Reviews
- Paytm FAQs
Paytm is offering a “Paytm personal loan” of up to Rs. 2 Lakh to its customers.
You can get a personal loan from Paytm at an attractive interest rate with flexible repayment tenure starting from 18 to 36 months.
Paytm Personal Loan Details
Max: Rs. 2 Lakh
|Ranges from 18 to 36 months.
|Paytm 2 Lakh Loan Interest Rate
|9% to 30%
|Late Payment Charges
|up to Rs.500
Important Points of Paytm Loan
|Vijay Shekhar Sharma is the founder and CEO of Paytm.
|Paytm Parent Company
|Noida, U.P, India
|Paytm App Download
|Download the app Paytm
|Paytm Promo Code
|Paytm Promo Code, Click here
|Paytm Bank IFSC Code (Noida Branch)
Features and Benefits of Paytm Personal Loan
- 24 Hours Service: Personal loan from Paytm can be availed 24×7, round the year.
- Online Process: No physical documents are required due to the digital loan process.
- Anyone Can Apply: Paytm instant personal loan can be availed by any salaried person, small business owners, and professionals.
- Quick Disbursal: According to the company, you can get a personal loan in just 2 minutes.
- Flexible Tenure: Loan repayment tenure varies from 18 to 36 months.
- Dedicated Support: Paytm customer care provide dedicated support to its customer at any time.
Paytm Personal Loan Eligibility
Paytm personal loan eligibility is different for a salaried person and a self-employed/businessman.
So, you can check your eligibility from the below table.
|For Self-employed or Businessmen
|Paytm Personal Loan Age Limit
|Between 21 to 60 years.
|Between 25 to 65 years.
|“Monthly Salary” should be greater than Rs.25,000.
|“Annual Profit” after taxes should be greater than 1.5 Lakh per annum.
|At least 1 year.
|At least 2 to 3 years.
|Should be greater than 750.
|Should be greater than 750.
Documents Required for Paytm Instant Personal Loan
Here you can find the required documents for the Paytm instant loan.
For Salaried Individuals:
- Pan Card
- Id Proof (Passport, License, Voter’s Id)
- Three-month bank statement
- Three-month Salary Slip
- 2 Passport size photo
For Self-employed or Businessman:
- Pan Card
- Documents for KYC (Id proof, birth proof)
- Six-month bank statement
- Income proof
- Residential Proof
- Office Address Proof
- Proof of continuity of business
Paytm Personal Loan Online Process
If you want to know the “Paytm personal loan apply online” process, then you can follow the below steps.
Step 1: Open your Paytm app and click on the “Personal Loan” icon in the “My Paytm” section.
You can search “Personal Loan” in the search bar.
Step 2: Enter your basic details like PAN card, DOB, Email id, etc, then click on proceed.
Step 3: Enter additional details like your occupation type, employer name, annual income, etc.
Step 4: Select your loan amount according to your requirement.
Step 5: Take your selfie and verify your identity via Aadhar based OTP verification method.
Step 6: Add a bank account in which you want to credit the loan amount. This account will also be used to debit your monthly EMI.
Step 7: The loan amount will be transferred to your bank account within 1 to 2 working days.
Thus you can get a personal loan from Paytm through the above said Paytm personal loan process.
How to Check Paytm Personal Loan Application Status
If you have already applied for a Paytm payment bank personal loan, you can check your application status by clicking on the “Personal Loan” icon in the Paytm app.
If you don’t find this icon, you can search in the search box also.
How to Pay Paytm Personal Loan EMI
During the loan application process, the lender collects an eNACH mandate form from their customers.
This eNACH mandate form helps auto-debit of EMI from a customer’s bank account at regular intervals for a fixed period.
Due to unavoidable reasons, If your EMI is not cleared from your bank account via the auto-debit eNACH mandate on the due date, You can pay Paytm personal loan EMI payment through the “Pay Now” section of the loan passbook in the Paytm app.
Personal Loan Other Charges
You can check additional charges and fees on personal loans from the below table.
|Up to 6% of the loan amount
|EMI Bounce Charges
|Rs.200/- to Rs.1000/-
|2% to 6%
Paytm Personal Loan Foreclosure Charges
You may foreclose the Paytm personal loan as per the term and conditions of the lender, through the “Pay Now” section of the loan passbook in the Paytm app.
Choosing foreclosure will lead to additional charges, which can vary from lender to lender.
You can check foreclosure charges in the “Loan Agreement” of your lender.
Generally, the loan pre-closure charges range between 2% to 6% varying from lender to lender.
Paytm Personal Loan Rate of Interest
The rate of interest depends upon many factors like your lender, CIBIL score, loan amount, and tenure of the loan.
The interest rate is shown to you during the loan application process before availing of the loan.
Paytm loan interest rate may vary from 9% to 30%.
Paytm Personal Loan Customer Care Number
Paytm customer care number is available 24×7 but they contact you between 10 a.m. to 8 p.m.
Currently, the helpline is available in English and Hindi language.
|Paytm Customer Care Number
|0120 3888 3888
|For General Queries
Shop No.1, Ground Floor, Tower-D,
Plot No. H-10B, Sector 98, Noida,
Phone: +91-120- 4770770
Paytm Personal Loan EMI Calculator
Paytm personal loan interest rate calculator helps to find out the monthly EMI that you’d be paying on your personal loan.
Paytm Personal Loan Reviews
Aanand Kumar – Excellent. I am using it for many years. There is one suggestion. When we click on Pay, the choice ” scan any QR code” comes at the bottom center of the screen. Advertisements are running on that portion of the screen and the choice is not clearly visible. It is suggested that this choice may be placed at the top or at a distinctly visible part of the screen where it is not cluttered by advertisements.
Krishna Dhingra – Just an amazing app, used almost everywhere in India! The UI of the app is very easy to understand. Also, we can easily do payments anywhere in just a few clicks without any long process of going to banks! It’s a faster & easier way to recharge, pay bills, send or receive money, link bank accounts, UPI transactions, book tickets & much more! But sometimes I face some issues of loading, can’t show balance, or sending money that is very frustrating, so I hope you guys will fix it an otherwise great app.
Q: Is Paytm Loan Safe?
Ans: Paytm personal loans are safe and secure. RBI-registered NBFC/Bank disburses personal loans in the Paytm app.
Q: Does Paytm give Loan?
Ans: Yes, Paytm is offering Personal loans to its customer.
Q: Can I get a personal loan from Paytm?
Ans: Anyone who has a stable source of income can get a personal loan from Paytm.
Q: How much loan can I get from Paytm?
Ans: Customers can get a Paytm personal loan from Rs.10,000/ to Rs. 2 Lakh.
Q: Is the Paytm loan interest-free?
Ans: No, each personal loan comes with interest which is paid to the lender along with the loan amount.
Q: What is the interest rate of a Paytm personal loan?
Ans: Paytm personal loan interest rate in 2022 ranges from 9% to 30% per annum.
Q: How to close the Paytm personal loan?
Ans: You can foreclose the loan by the “Pay Now” option of the loan passbook in the Paytm app.
Q: When would my EMI start after loan disbursement?
Ans: If the loan disbursement date is between 1 to 15 of a month, then your first EMI will fall in the next month.
If the loan disbursement date is between 15 to the end of the month, then your first EMI will fall in the next to the next month.
Q: How can I change my bank account used for repaying the EMI?
Ans: Currently, Paytm is not offering a bank account changing facility for repaying the EMIs.
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