Loan from Paytm Platform

Paytm is an Indian origin finance company which cover operations in different parts of country. Paytm’s headquarters is based in Noida, Uttar Pradesh (part of National Capital Region). Vijay Shekhar Sharma laid foundation of Paytm in 2010 when technological advancement in India is limited.
The company is one of the first who starts wallet system, is a platform which provides us to send and receive money through QR Code in a very less time. Also it is now a money lender which provides loans to its consumer at very reasonable rate of interest. It provides customers micro loans through which customer can later pay the loan.
Paytm is trying to adding number of customers so that customer can easily get quickly personal loan. According to Paytm eligibility conditions you can avail loans from here.

Eligibility Condition and Documents Required to avail Personal Loan benefits from Paytm :-

1) The age of individual must be between twenty one to sixty years.
2) You can get loan from Paytm from rupees ten thousands to three lakhs, vary from people to people according to their transaction and other financial history.
3) Only those who are residents of Republic of India can apply for the loan from Paytm.
4) There should be a job or valid source of income of borrower to avail loan from Paytm.
5) The borrowers have a good credit score.
6) Borrower should have savings account or current account in any Indian bank is a condition.
7) There is requirement of any identity card which is authorised by government of India such as Passport, Pan Card, Voter / Election Identity Card , or any other valid ID which is authorised by government of India.
8) Minimum income of an individual is at least ₹ 20,000/-
9) Residential proof like electricity bill, passport, domicile certificate or any other valid document which is accepted by Paytm.

How can we apply for personal loan in Paytm ?

The basic thing you have to download the Paytm app from Google Play Store or Apple Store.
1) Kindly Sign-Up / Registered for an account. All details you have to fill whatever is asked in the Paytm Registration process.
2) After that you search on personal loan and now fill the loan application about your own information and your financial information.
3) Upload documents like PAN card, Aadhar Card, bank statement etc. to get your loan approved on the basis of your monthly earning and on credit score.
4) After you fill the form the amount of loan is directly transferred into your bank account.

What are Benefits provided by Paytm if you borrow a loan from them ?

1) From the Paytm personal loan you can borrow from ₹ 10,000 up to ₹ 2 Lakh to ₹ 3 Lakh.
2) The activation fees of loan is nil for getting loan from Paytm Bank.
3) The Paytm Bank Loan helps you to make a good CIBIL / credit score. Means if you pay the instalments on time your credit score will be increased.
4) The loan service of Paytm Bank is available all days means 24 by 7 in 12 months.
5) The entire loan process is online, digitisation process ease the people and they not go here and there for loan.
6) There are a number of options of payment through which you can pay your EMIs / instalments.
7) Paytm provides a specially designed customer care team if you have any query regarding the loan or loan related process.
8) One thing is great you have to submit your documents by the mean of online method, it helps to save time, if it is a physical process then you have to go outside and then physically submit the documents, but digitisation and Paytm creates the easiness in this process.
9) The rate of interest quite cool, it makes you attraction to get loan from Paytm Bank. In compare to many other financial service based companies, Paytm provides a good interest rate.
For more details Download the app from Google Play Store (Android) or Apple Store
Or visit at
The rate of Personal loan in Paytm starts from 11.99% onwards which is quite lucrative.

Now lets know about the advantages and limitations of Personal loan from Paytm

Limitations :-

1) If you want to get higher loan you have no option to borrow in Paytm.
2) There are some cases have seen that customer satisfaction is not up to the grade.
3) It may happens you have to face some problems while applying for loan.
4) Other banks / finance companies can offer you a better rate of interest, which may divert your mind through Paytm Bank Personal Laon.

There are lot of advantage to avail personal loan from Paytm :-

1) As the EMI / instalments is less so you can pay it easily. It do not create any extra burden on you.
2) The interest rates are very reasonable in Paytm bank.
3) Availability of loan is very fast , that you can easily get the loan with no paper work required , but only to submit required documents online on the digital platform of the Paytm.
4) The repayment option in Paytm bank is very flexible, means you can mould EMI according to your condition.
5) You can repay your whole loan from few month to 2.5 to 3 years.

Frequently Asked Questions (FAQ) about the Paytm Personal Loan :-

1) What is the age for getting personal loan from Paytm Bank?
Ans:- The age for availing personal loan from Paytm Bank is between 23 to 30 years of age and on thing more note here that you should be a citizen or resident of Republic of India.
2) How much loan can I avail from Paytm Bank ?
Ans:- from ₹ 10,000 to ₹ 3 Lakh you can avail according to your financial history and on the basis of your income
3) Give me customer care number of the Paytm ? Ans:- 0120-4456-456 is the customer care number on which you can ask your query and information about the loan process.
4) Where the loan amount is transacted by the Paytm ?
Ans:- Your complete loan amount will be credited in your registered bank account.
5) How can I get more about Paytm Loan procedure ?
Ans:- Visit at

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