Paytm Personal Loan Apply :- Almost everyone in today’s era takes a loan to fulfill their hobbies. And you also need a loan, that’s why you have visited this page. So taking a loan will become an easy process for you
Today we are going to get all the information about Paytm Personal Loan . This loan is a good option for you, it is easy to get a loan from Paytm . How to apply, what documents are required? Where to apply, all such information is to be found in front of you.
If you really need a loan, then read this article Paytm Personal Loan Apply till the end and get enough information.
Paytm Personal Loan
Paytm is a good option to get a loan and Paytm Personal Loan is available for everyone and getting a loan is easy. So let’s get all the information about it today.
What is Paytm Personal Loan?
Whenever a personal loan is taken by applying for a personal loan in the Paytm app , the personal loan received from Paytm is called Paytm Personal Loan. You can take a personal loan from ₹10 thousand to ₹2 lakh from the Paytm app . If you are eligible for more loans, you can also get a loan of up to ₹5 lakh.
If you apply for a personal loan on Paytm , the annual interest rate can range from 10% to 36% or even more as the interest rate depends on the credit profile and many other factors.
Eligibility for Paytm Personal Loan
- To take a loan from Paytm , your CIBIL score should be good.
- You should not be declared a defaulter by any bank or company.
- Your mobile number should be linked to your Aadhaar card.
- You must have a bank account and transactions must also take place in it.
- You must be an Indian citizen to apply for a loan.
- KYC documents must be present with you.
Benefits of taking a Paytm personal loan
- You can apply for a personal loan in Paytm at any time.
- You can apply for a loan by choosing the loan amount according to your needs.
- When you deposit the loan taken from Paytm from time to time, your credit score will also increase.
- Everyone, including students, can take out a Paytm personal loan.
Paytm Loan Comparison with Other Apps
| . | Paytm | MoneyTap | LazyPay |
|---|---|---|---|
| Loan amount | ₹1,000 – ₹2,00,000 | ₹3,000 – ₹5,00,000 | ₹10,000 – ₹5,00,000 |
| Interest rate | 13% – 25% | 15% – 24% | 18% – 30% |
| Tenure | 3 to 24 months | 2 to 36 months | 3 to 24 months |
| Processing fee | 2% – 4% | 2% – 3% | 1.5% – 2% |
Documents required for Paytm personal loan
- Identity card : PAN card and Aadhar card.
- Bank account details : Bank statement (last 6 months).
- Income Ratio : Salary Slip or ITR.
- KYC must be completed : The KYC process is mandatory on Paytm.
How to apply for Paytm personal loan?
- First of all, if you don’t have the Paytm app in your mobile, download it from the Google Play Store and create your account in it.
- If KYC has not been done, complete your KYC.
- Now click on the Personal Loan option appearing on the home page.
- After doing this, now read and enter all the information. Also select the required information.
- You will be notified immediately if you are eligible for a loan. After this, you will have to enter the bank account number and other information and submit the loan application form.
- By doing this, the Paytm personal loan will be transferred to your bank account instantly.
Is Paytm loan for everyone?
Paytm loans are mainly available to people who are already Paytm customers and have completed their KYC process. Also, you must have a stable income and a good credit score.
Paytm’s instant loan is a simple and fast option for those who need money quickly . Its digital process, fast approval and easy payment options make it very convenient. However, you need to keep in mind its interest rates and fees.
Conclusion
So, today we have got all the information about Paytm Personal Loan in this article , and I hope this post has been useful for you. If you need a loan, then this loan Paytm Personal Loan is a good option for you and you can get a loan from Asha for this Paytm Loan .