Paytm is not only a bill, recharge and shopping app but it is a financial company that also offers you banking facilities. You can also use this app to make online transactions. Also, this app also provides you Paytm Personal Loan. We can talk about what is Paytm Personal Loan Interest Rate ?
Paytm Payment Bank is associated with companies like Aditya Birla Capital, Tata Capital, Fib, Herofincorp and is a major NBFC company. And it provides help loans through this other company. If you want to take personal loan then you can apply for Paytm personal loan.
Now we will know that the documents you need to take Paytm Personal Loan, Let’s know detailed complete information about interest rate, loan application process. Paytm personal loan customer care, personal loan interest rate, Paytm personal loan reviews, Paytm personal loan details, Paytm personal loan eligibility, Paytm personal loan safety, Paytm personal loan process,
How much loan can be taken from Paytm Bank?
How much loan you will get from Paytm depends on your financial history. As it depends on CIBIL score and whether you have paid your previous EMIs or not. Paytm offers you a business loan of Provides loans of more than Rs. 5 lakhs. But if you want to take a personal loan, paytm offers you a loan of up to Rs. 5 lakhs, with a tenure of up to 12 months. If you follow all these conditions then you can easily apply for Paytm Personal Loan online.
Paytm Personal Loan Interest Rate
What is Paytm Personal Loan Interest Rate?, The interest rate on personal loan interest rate depends on how much and for how long you want to take the loan. Generally, the interest rate on Paytm Personal Loan ranges between 3% to 36%.
Interest Rate: Minimum 3% to Maximum 36%
Paytm Personal Loan Processing Fees
1.5% of your loan amount is Paytm Personal Loan Processing fee charge.
Paytm Personal Loan – Eligibility
- You must be an Indian citizen for a personal loan from Paytm Payments Bank.
- You must be 18 years of age.
- You must have a smartphone for online loans.
- Linking your mobile number with Aadhaar card is mandatory.
- Your CIBIL score should be good.
- You can avail personal loan from Paytm Payments Bank only if you have a good record of financial transactions.
- Self-employed or salaried individuals can apply for a Paytm Personal Loan.
- You should have at least 2 years of work experience.
- To take a loan, your monthly salary should be ₹12,000.
Paytm Personal Loan – Documents
- Bank statement
- Aadhaar linked mobile number
- Salary slip
- PAN card
- A selfie
- Aadhaar card
Paytm Personal Loan Apply Process
If you want to apply online for Paytm personal loan interest rate then the process is given below. You can get loan easily by following it step by step.
- Download Paytm app.
- Now sign up in Paytm app through your mobile number.
- Click on Add Bank Account option in Paytm dashboard.
- Now link your bank account with Paytm.
- Click on the Personal Loan section.
- Click on this tab “Check Your Loan Offer”.
- A new page will open, enter your PAN number, date of birth and email id and click on “Proceed”.
- Now another page will open in which enter your company name, business type, monthly income for the year, pin code and why you want to take this loan.
- A new page will open where your eligibility will be checked.
- If you are eligible, you will see a pop up page of congratulations, showing the loan amount.
- Now click on “Get Started” Option.
- EMI and Loan Amount Term to be selected
- Upload your candid selfie.
- Enter your Aadhaar number and security code.
- Click “Send OTP” and verify OTP.
- Have to select your gender and submit pin code.
- A page will open where you have to submit bank details like account number and IFSC code.
- Now your loan application process is complete.
FAQs
Q. Can I take a loan from Paytm?
A. If you have a good CIBIL score and you have a source of income then you can take a loan from Paytm up to a maximum of Rs 3 lakh.
Q. How to avail personal loan on Paytm?
A. To take a loan from Paytm, click on Personal Loan and enter your personal, professional and banking details and submit the documents, then select the loan amount and tenure and submit, this way you can take a loan from Paytm. Paytm personal loan interest rate
Q. How much interest is payable on Paytm Personal Loan?
A. Paytm Personal Loan can charge interest ranging from 3% to 36%.
