Paytm Personal Loan 2024 Eligibility, Interest Rates Most people must be using Paytm mobile app for digital transactions. Through which mobile recharge, bill payment, and online transactions are all done. But this Paytm mobile app is also giving you a personal loan of up to ₹3 lakh for your personal needs, that too at simple interest rates. If you are between the age of 25 to 60 years, and want to take a personal loan for yourself, then you can apply for it. Paytm mobile app is the most liked payment app in the country. A few years ago, Paytm was given the status of payment bank. Because of this, now Paytm provides business loan, personal loan, etc. to its users. Through Paytm Personal Loan, any person can get a personal loan of up to ₹3 lakh in 2 minutes, whose repayment period will also be 48 months.
If you want to get a loan for a period of 1 month through Paytm Personal Loan, then you will not have to pay any interest rate. That is, this loan will be given to you at an interest rate of 0%. While the interest rate till the maturity period will depend on the loan amount and credit score. Paytm does not charge any activation fee for this loan.
Paytm Personal Loan 2024 Summary
| Post Name | Paytm Personal Loan 2024 |
| Lender | Paytm Payment Bank |
| Year | 2024 |
| Objective | To provide small personal loans for the personal needs of individuals. |
| Beneficiary | All citizens of India |
| Apply mode | Online |
| Official Website | paytm.com |
Paytm Personal Loan Interest Rates
Although these interest rates depend on the applicant’s profile, his CIBIL score, and other details. But generally Paytm charges interest rates ranging from 8% to 16%. Whereas if you take a personal loan for only one month, then the interest rate for you will be 0%.
Eligibility of Paytm Personal Loan 2024
- The person receiving the loan must be an Indian citizen.
- The age of the applicant should be between 25 to 60 years.
- The applicant should be an active user of Paytm mobile app.
- The applicant should have done maximum transactions through Paytm.
- If the applicant’s CIBIL score is good then it will be easy to get a loan.
- There should not be any loan default in the past.
- Both self-employed and salaried persons will be eligible for Paytm personal loan.
- The minimum monthly income should be more than ₹12,000.
Documents Required for Paytm Personal Loan 2024
- Aadhaar Card
- PAN Card
- Any document of business or job
- Latest salary slip
- Bank statement
- Mobile number linked to Aadhaar
- Passport size photo
How to apply Paytm Personal Loan 2024
- First of all download Paytm Mobile App from Google Play Store.
- Now create your account on this app.
- After successfully creating the account, you will see the option of Personal Loan on the main interface of Paytm.
- Apart from this, click on the option of Personal Loan in the section of Loan and Credit.
- Now the logo of personal loan of 3 lakhs will appear on your screen, below which click on the option of Get it Now.
- On the new page, you will have to fill all the information related to your PAN card, date of birth, etc.
- After this, agree to the Term and Conditions below and click on the option of Continue.
- As soon as you click, you will be asked for some other details.
- Fill all the requested information and scan and upload the required documents.
- After this, click on the option of Apply Now or Submit.
- Now your documents will be verified through Paytm Payment Bank and if found eligible, the loan amount will be transferred to your bank account.
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