Personal Loan from PayTM Apply 2024, Benefits, Eligibility: Here you will get all the information related to how to take a personal loan from Paytm, what documents will be required for the loan, what is the eligibility for the loan so that you can get the loan immediately, you can deposit the Paytm loan. Everyone wants to take Loan from Paytm App which is an online payment app, which provides its customers with the facility to transfer debit card, credit card and money. Apart from this, mobile recharge, DTH recharge and personal loan can also be taken through this app.
In this growing population, everyone needs money at some point or the other, it is not easy to get money from banks in times of trouble, because there it takes a lot of time for you to verify your documents, visit the bank. Is. Sometimes we are not able to get a personal loan.
We have come up with a solution to this problem of yours, in this we will tell you how you can take a personal loan sitting at home on minimum documents, without having to go to the banks, by completing just a few steps. It is very easy to apply for this loan.
About Paytm Personal Loan
Recently Paytm has given a great gift to its customers, now you can activate a personal loan from ₹ 10,000 to ₹ 2,00,000 in less than 5 minutes just by following a few steps with the help of Paytm App.
You will be able to take Paytm personal loan through PAN card and Aadhar card sitting at home and this loan gets activated with instant approval.
If you can take advantage of this loan to meet your personal needs, meet daily expenses, fill out insurance policies, bill-pay, recharge, etc. You will be able to make loan repayment only through Paytm app and will also be able to increase your credit score.
Paytm Application does not provide direct loan but gives loan in association with some partnership companies like Herofincorp finance limited which is approved by Reserve Bank of India (RBI) and NBFCs.
PayTM Personal Loan Documents Required
To take a personal loan from the Paytm app, the following documents will be required which are as follows. pan card Documents for KYC (Identity Proof, Address Proof, Birth Proof) residential proof income proof Bank statement (last 6 months) office address proof proof of business continuity
Paytm Loan Eligibility
Before applying for a personal loan, it is mandatory to fulfill these conditions as an eligibility check for the loan, the following are the eligibility criteria for availing the loan which are as follows:
| Factor | Information about loan |
| Age | Applicant age should be between 21 to 68 years for personal loan |
| Type of Profession | Salaried employees such as those working with the government, or reputed organizations, and self-employed professionals such as doctors, architects, professors, etc. |
| credit score | It is beneficial to have a credit score of at least 750 marks to be eligible for a personal loan |
| Salary | Applicants should have a minimum monthly salary of Rs 25,000 or annual income of Rs 5 lakh |
| EMI amount | The maximum EMI of the borrower should be equal to 65% of his income |
| work experience | Applicant should have at least 2-3 years of work experience depending on the loan amount and bank terms |
Paytm loan submission deadline
You can take Paytm Personal Loan for a minimum period of 6 months to 12 months to meet your daily needs. You can pay it in monthly installments.
How much can I take Paytm Personal Loan
One can take PAYTM Pay Later Loan (Minimum to Maximum) up to Rs.10,00 – Rs.2,00,000. If your credit score is not good then it can also be rejected.
Paytm Loan Fees And Charges
There are some fees and charges that you have to pay for Paytm Personal Loan which are as follows:
| Interest Rate | Minimum 3%, Maximum 30% interest rate per annum |
| Processing Fee | 5% processing fee on loan amount |
| GST Fee | All Charges inclusive of 18% GST |
| Stamp Duty charges | Depending on the loan amount, the maximum you can pay is ₹500. |
Stamp Duty charges Let us understand it with an example
If you have taken a loan of ₹ 50,000 from Paytm for 6 months, then you will get a total loan amount of ₹ 46,850, here you have to pay ₹ 2,950 which includes processing fee and GST fee, in addition to stamp duty charge ₹ 200. handjob
Here your monthly EMI will be ₹ 9,078 per month, you will have to pay the loan amount of ₹ 54,468 of the total amount in 6 months.
| Loan amount | ₹50,000 |
| Period of time | for 6 months |
| Processing fee | ₹ 2950 Processing Fee, GST Fee |
| Stamp duty charge | ₹200 |
| Monthly EMI | ₹9,078 per month |
| Total payment amount | ₹54,468 Loan Amount |
Paytm Loan Features
Following are the features of Paytm Personal Loan. You can apply for a loan from the Paytm app sitting at home. If eligible for the loan, get the loan immediately Security is not required to take a loan. Loan can be applied only with Aadhar card and Pan card. The loan can be used on more than one lakh brands. Improves the credit score if the loan is repaid on time. After the loan is approved, you can get the loan amount in the bank account.
Where to use Paytm loan
Paytm Personal Loan can be used for many things like repaying your loan, meeting personal needs, meeting daily expenses, bill recharge, pay electricity bill etc.
Apart from this, you will be able to use this loan on more than 1,00,000 websites like Amazon, Flipkart.
Who can apply for Paytm Loan
This loan can be taken by every person in India, who is above 23 years of age and is employed in any work, apart from this the monthly income should be more than ₹ 25,000.
Self Employed, Salaried Person, Small Shopkeeper, Small Businessman, Doctor, Architect, Professor etc. can take this loan. For this it is also necessary to have eligibility, documents.
Paytm Personal Loan Customer Care Number
If you face any kind of problem then you can get solution of your problem by talking to customer care of Paytm app. It provides you 24 hours customer service.
Customer care: 0120-4456-456
How to get Loan from PayTM
You can apply for Paytm Personal Loan through PayTM app and official website. We have given below the steps to take this loan which are as follows.
It is mandatory to have a Paytm Saving Account to take a Paytm Personal Loan and this loan depends on the Civil Score, while taking the loan, it is to be kept in mind that a lot of research is done on the CIBIL Score for Personal Loan for this. Your credit score may be low.
Paytm Personal Loan Apply:
- Install Paytm App from Google Play Store.
- Sign up with your mobile number.
- Select Search Box in the app.
- Now click on Paytm Personal Loan.
- After this submit your PAN card, DOB, Name.
- Here you have to fill your personal details, occupation details like name, address, company name, monthly income etc.
- After this you are told about the eligibility of the personal loan, if you will be eligible for the loan then you will get some credit limit.
- Now you have to choose the loan amount and the time period to deposit the loan.
- After this fill your bank details like account number IFSC code etc.
- As soon as the loan amount is approved, it is credited to your account before 24 hours.
Keep in mind : If you do not need loan then do not apply for loan otherwise interest rate, processing fee is very high here. Take loan from Paytm only when needed.
My Last Word:
Today we have provided you all the information about About Paytm Personal Loan, Paytm Personal Loan Apply , Paytm Loan Fees & Charges, apart from this, we have also shared all the other information about the eligibility of this loan, documents to take loan, features of the loan. Is.
If you face any kind of problem then you can talk to customer care of Paytm app and you can follow us on social media platform for more details.
Some FAQ’s on PayTM Personal Loan
Q1. Is credit score an important factor for availing Paytm Personal Loan?
Ans. Yes, credit score is an important factor while checking your Paytm Personal Loan eligibility. To apply for a personal loan, the borrower must have a credit score of 750 or above.
Q2. Can I get Paytm Personal Loan if I am unemployed?
Ans. If you are unemployed then you can get a personal loan only if you have an alternate source of income. Banks will not be ready to give you a personal loan if there is no fixed source of income.
Q3. What are the key factors for personal loan eligibility?
Ans. The major factors of personal loan eligibility are age, income, employment status, geographic location, credit score and loan history.
Q4. What is the minimum salary required for personal loan eligibility?
Ans. As a personal loan eligibility condition, the minimum salary requirement is ₹25,000.
Q5. What happens if Paytm personal loan is not paid?
Ans. If you do not repay the loan then your civil score may get spoiled and your bank account may also get closed. Along with this, your credit score may become so bad that you may not even be able to take an online loan from any platform in future. He can prove you the default agreement.