Paytm Personal Loan

Apply for instant Paytm personal loan online up to Rs. 2 Lakhs in just 2 minutes at interest rate starting from 0% for up to 30 days. The tenure for Paytm instant loan varies from 18 to 36 months and no activation fee is involved.

Paytm Personal Loan Details

Below are the key Paytm loan details:

Loan amountRs. 10,000 - Rs. 2 Lakhs
Rate of interest0% interest for up to 30 days
Tenure18 - 36 months
Activation feeNil
Late payment feeUp to Rs. 500
Fee for extending the due date by 1 month3% of the outstanding amount
Turnaround time2 minutes
Age required25 - 60 years

Paytm Personal Loan Features & Benefits

  • Loan amount: You can borrow a minimum of Rs. 10,000 and maximum up to Rs. 2 Lakhs as Paytm personal loan.
  • Flexible tenure: The tenure for repayment of the loan varies from 18 to 36 months.
  • Attractive interest rate: You can get Paytm personal loan interest rate starting from 0% for up to 30 days.
  • Nil activation fee: There is no activation fee for obtaining the Paytm bank loan.
  • Quick disbursal: The loan amount is disbursed online instantly within just 2 minutes.
  • Online documents sharing: All documents are shared online on email, such as Welcome Letter, Loan Agreement, EMI Repayment Schedule, Statement of Loan Account, GST Invoices for Charges paid, and No Objection Certificate.
  • Improve credit score: Paytm bank personal loan helps you build and/or improve your credit score and profile.
  • Multiple payment options: You can repay the loan through EMIs with a variety of payment modes.
  • Online process: The entire Paytm personal loan process, from application to disbursal, is 100% digital.
  • 24x7 service: The Paytm loan service is available 24x7 for all 365 days a year, including public holidays and weekends. 
  • Dedicated customer care: You can call at the dedicated Paytm personal loan customer care number anytime for any queries.

Paytm Personal Loan Eligibility

You must meet the following Paytm personal loan eligibility to be eligible for the loan:

  • You must be aged between 25 to 60 years to be approved of the loan.
  • You must have an active bank account so that the loan amount can be transferred to your account and the EMI can be deducted online.
  • You can check your paytm personal loan eligibility by searching for "Personal Loan" on the Paytm APP and clicking on the Personal Loan icon.

Document Required for Paytm Personal Loan

  • KYC documents, such as PAN or Aadhaar Card.
  • Occupation and income proof.
  • Other documents as required by the lender.

Kotak Personal Loan Festival Offer 

Ahead of festival season, Kotak Mahindra Bank has announced Rs 999 flat processing fee offer on Personal Loans. Customers can avail of instant approvals on personal loan applications up to Rs. 20 Lakhs at lowest interest rate starting at 10.25% p.a for maximum of 5 years. 

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Paytm Personal Loan FAQs

What are the key factors for personal loan eligibility?

The most common key factors for Paytm personal loan eligibility are:

  • Age
  • Income
  • Geographic location
  • Credit score
  • Credit/debt history
  • Employment organization or Employer
  • Residential status

What is the maximum amount I can borrow?

The maximum amount of personal loan on Paytm that you can borrow is up to Rs. 2 Lakhs.

How much interest will be charged?

You can get Paytm instant personal loan rate starting from 0% for up to 30 days. Paytm personal loan interest and applicable EMIs will be shown to you during the loan application prior to availing the Loan.

Where will Paytm transfer my loan amount?

You will get the Paytm personal loan online transferred to your preferred bank account that you choose during the loan application. The Enach for EMI repayment has to be set up from the same account and the EMI be deducted from the same bank account after the loan is active. If you could not set up the Enach from your preferred account due to any issue, you can try after some time or select an alternate bank account. Enach is mandatory to get an instant personal loan in Paytm.

How can I get an instant loan from Paytm?

If you are looking for a Paytm personal loan apply online through the Paytm app. You can get an instant loan from Paytm app by applying for a loan from Paytm through the Personal Loan option. The Personal Loan option is provided under the Financial Services tab. The entire Paytm loan process is online.

How to close Paytm personal loan?

You can close the Paytm personal loan before the end of the tenure as per the terms and conditions of the Lender. Select the Paynow Section of the loan passbook on the Paytm loan app using your net banking or debit card to close the account.