Paytm Personal Loan Apply 2024: Paytm is giving loan up to 5 lakh rupees, apply like this in just 2 minutes

Paytm Personal Loan Apply 2024: Paytm is a financial company that provides banking facilities to users. It is mostly used for online transactions but few people know that one can also apply for Paytm Personal Loan through this mobile application.

Paytm Payment Bank It is a well-known NBFC company that has partnered with companies like Fibe, Tata Capital, HeroFinCorp, Aditya Birla Capital and provides loans with their help. Paytm is approved by Reserve Bank of India and NBFC, so taking loan from here is quite safe, so if you want to take personal loan, you can apply for Paytm Personal Loan.

This article further you Paytm Personal LoanInterest rate of Rs., documents required And Paytm Personal Loan Apply Process It will also provide complete information about it step by step. For more information, read our article till the end.

Paytm Personal Loan Apply 2024 Main Highlight 

Name of the postPaytm Personal Loan
Type of loanPersonal Loans
Loan amount10 thousand to 5 lakh rupees
Interest rateMinimum 3% to Maximum 36%
Processing chargesStarting from 1.5%
Partnership companiesFib, Tata Capital, Herofincorp, Aditya Birla Capital
Official websiteClick here

How much loan can you take from Paytm Bank?

How much loan you will get from Paytm depends on your financial history, your CIBIL score and whether you have paid your previous EMIs on time or not. Usually Paytm customers get max 5 lakh rupees Offers personal loans up to 1000, while if you want to take a business loan the loan amount can be higher. You get this loan for a maximum period of 12 months. If you meet the criteria of this application, you can easily apply online for Paytm Personal Loan.

Paytm Personal LoanInterest rate of

Paytm Personal LoanThe interest rate depends on how much you want to borrow and for how long? Generally, Paytm Personal Loan interest rates range from a minimum of 3% to a maximum of 36%, plus a processing fee of 1.5%.

Paytm Personal Loan Eligibility to apply

If you want to apply for Paytm Personal Loan then you have to follow these conditions-

  • A salaried person or a self-employed person can apply for a Paytm Personal Loan.
  • Your CIBIL score should be good for Paytm Personal Loan.
  • To avail Paytm Loan, you must be at least 18 years of age.
  • If you are proved to be a defaulter then you will not be able to apply for Paytm Personal Loan.
  • Only Indian citizens can apply for personal loans from Paytm Payments Bank.
  • You must have at least 2 years of work experience.
  • Linking mobile number with Aadhaar card is mandatory.
  • You must have the necessary equipment available for online loans.
  • To avail the loan, your monthly salary/income should be at least ₹12000.
  • You can avail personal loan from Paytm Payment Bank only if you have a good record of financial transactions.

Paytm Personal Loan Documents required to be taken

To take a loan from Paytm you will need these documents –

  • aadhar card
  • PAN card
  • Aadhaar link mobile number
  • Bank statement
  • A selfie
  • Pay slip etc.

Paytm Personal Loan How to apply online. Paytm Personal Loan Apply Process

If you want to apply for Paytm Personal Loan at home, the process is explained below, you can easily claim online personal loan by following the given steps –

  • First of all you have to install Paytm app from Google Play Store.
  • After the app is installed, open it and use your mobile number. Sign up have to do
  • After signing up, you will find add bank account option in Paytm dashboard, by clicking on it you have to link your bank account with Paytm.
  • After this Personal Loans Click on the section.
  • Then you will find a tab of “Check your loan offer”, click on this tab.
  • Then a new page will open in front of you, here you have to enter your PAN number, date of birth and email id, then accept the terms and conditions and click on the option of “Proceed”.
  • After this, the next page will open, here you have to enter information like business type, company name, monthly income for the year, pin code, where you want to avail this loan etc. and click on confirm button.
  • Then a new page will open in front of you where your eligibility will be checked. If you are eligible, you will see a pop up page of congratulations, in which you will see the loan amount for which you are eligible.
  • After this you have to click on the option of “Get Started”.
  • After this, a new page will open in front of you where you have to select EMI and loan amount tenure and continue.
  • Then you have to upload your candid selfie.
  • After this, to do KYC, you have to enter the Aadhaar number and security code, click on the option of “Send OTP” and verify the OTP.
  • After doing this, you have to select your gender and submit the pin code.
  • Then a new page will open where you have to submit bank details like account number and IFSC code.
  • After doing this, the process of applying for the loan will be complete.

FAQs – Frequently Asked Questions

Question 1. Can I take a loan from Paytm?

Answer: 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.

Question 2. How to avail personal loan on Paytm?

Answer: 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.

Question 3. How much interest has to be paid on Paytm Personal Loan?

Answer: Paytm Personal Loan can charge interest ranging from 3% to 36%.

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