Paytm New Instant Personal Loans Service Under new Instant Personal Loan scheme, Paytm will offer instant loans up to Rs. 2 lakhs to salaried individuals, professionals and small businesses people’s .
Paytm India most leading digital finance services platform launched new Instant Personal Loans on its platform to credit services to his 1 million Paytm customers. This service is active 24×7, for 365 days a year and it’s allows the users to get loan in less than 2 minutes. This service can also be available on public holidays and weekends, Paytm said during the announcement. “Paytm is the technology & distribution partner for non-banking financial companies (NBFCs) and would help them expand the reach and adoption of loan services to salaried individuals, small business owners, professionals .
Paytm will offer instant loans of up to Rs. 2 lakhs to salaried individuals, small business owners, and professionals. Paytm Loan service comes with a flexible repayment tenure of 18 to 36 months and EMI is determined according to the tenure. Eligible customers can avail the service through the ‘Personal Loan’ loan account directly from Paytm app. The company has partnered with various NBFCs and banks facilitate for this service. Paytm disbursed personal loans to over 400 selected customers . The company is now aiming for over 1 million users by fiscal year of end to avail the personal loan services from this platform.
