Paytm: This loan will be based on credit score and purchase pattern,You can repay this loan in 18-36 months EMI.
Digital Payments Service Platform Paytm (Paytm) has launched an instant personal loan service. This service of Paytm can be availed 365 days of the year, that is, you can apply for this loan on holiday days too. These loans will be given through NBFC and banks.
A loan of up to two lakh rupees will be available in just 2 minutes
Under the personal loan service of Paytm, 365 days of the year, you can get a loan in just 2 minutes at any time. It can get an instant loan of up to 2 lakh rupees. This loan will be available on the basis of credit score and purchase pattern. You can repay this loan in 18-36 months EMI.
Agreement with Banks and NBFC
Paytm has tied up with many banks and NBFC for this service. The company is now planning more than 1 million users by the end of the financial year to take advantage of the personal loan service from the platform.
Paytm will provide a loan of Rs 1000 crore to MSMEs by 2021, in addition to this, Paytm is also providing financial support to MSMEs. Under this, the company has targeted to give a loan of Rs 1000 crore by 2021. The company is offering collateral-free loans to customers on the Paytm for Business app under the ‘Merchant Leading Program’.