Hello,

Guest!

Paytm Personal Loan Interest Rates

You can get a short term loan of Rs. 10,000 to Rs. 2.5 Lakhs from Paytm at affordable interest rates. Paytm loan interest rate starts from as low as 1.66% per month. The actual Paytm personal loan interest rates are shown to you along with applicable equated monthly installments (EMIs) during the loan application before availing the loan. 

Updated:

Paytm Personal Loan Interest, Fees & Charges

Standard applicable charges along with the Paytm personal loan interest rate 2022 are as follows:

Rate of interest1.66% per month
Processing Fee Communicated at the time of loan application + GST. The loan amount received in your bank account will be after deducting the processing fee deduction and GST. The invoice will be sent via e-mail.
Late Payment FeeCharged as per the lender’s policy in cases of delayed EMI payments
Bounce ChargesCharged as per the lender’s policy in cases of EMI installment auto-debit bounce from the linked bank account

*All the charges and fees shown above will be mentioned clearly in the Loan Agreement.

Factors Affecting Paytm Personal Loan Interest Rates

Following are the key factors that affect the interest rate on Paytm personal loan:

  • Monthly income: Your income helps lenders understand if you are a risky borrower or not. A high-risk borrower means a high chance of defaulting on the loan repayment, and a high monthly income assures lenders of your loan repayment ability. As a result, you may get a lower Paytm instant personal loan interest rate if your income is excellent. This is one of the reasons why lenders fix a minimum income eligibility criteria for personal loans. 
  • Repayment history: Your past repayment record is one of the most important factors considered by lenders when deciding on personal loan interest rates. Having a good repayment record ensures lenders about your loan servicing capability. This also shows your financial discipline and credibility, which increases your chances of getting a low-interest rate on a Paytm loan. You can use the Paytm loan interest rate calculator to plan your repayment better by determining whether the loan fits your budget or not.
  • Relationship with the lender: If you had any previous transaction with the lender, you might get an attractive personal loan interest rate because lenders are likely to trust borrowers whose transactional records they have on file.
  • Credit score: Your CIBIL score or credit score is one of the most vital factors for lenders when deciding your personal loan interest rate. However, Paytm bank personal loan interest rate is not dependent on this factor. Even if you have a low credit score, you can apply for a Paytm personal loan. 
  • Economic climate and other market factors: Economic factors like inflation, recession, repo rate, etc. affect the cost of your loan. During inflation, lenders offer higher personal loan interest rates in comparison to lower rates during a recession. A low repo rate also translates to lower interest rates as it is the rate at which lenders borrow from the RBI. It directly affects the personal loan interest rates offered to you. 

Key Things About Paytm Personal Loan Interest Rates

Following are the key things about Paytm personal loan rate of interest:

  • Interest rate and EMIs are shown to you during the loan application before you avail of the loan.
  • Paytm loan rate of interest starts from 1.66% per month.
  • Paytm personal loan interest rates are determined as a percentage of the amount you borrow.
  • It is an unsecured loan that is not backed by any asset or collateral. That’s why unsecured personal loans come at a higher interest rate than secured loans.
  • The interest rate is dependent on the borrower’s income, loan amount and repayment tenure chosen.

Navi Personal Loan @9.99% p.a

Now get Navi personal loan of Rs. 10,000 to Rs. 20 Lakhs at lowest interest rate starting from just 9.99% per annum. Repay in easy instalments of 3 to 72 months. The processing fee ranges from 2.5% to 6% of the sanctioned limit + GST.

View and improve your credit score - for free.

Know how good your score is

Get insights on how to improve it

Unlock offers as per your score

chart_15f235bf64 (1).svg

Paytm Personal Loan Interest Rates FAQs

What is the rate of interest on Paytm loan?

Paytm instant loan interest rate starts from 1.66% per month. The actual interest rate of Paytm personal loan is shown to you along with applicable equated monthly instalments (EMIs) during the loan application before availing the loan.

What is the Paytm 2 lakh loan interest rate?

If you want to know Paytm personal loan interest rate kya hai, the answer is that Paytm 2 lakh loan interest rate starts from as low as 1.66% per month.

Is Paytm loan interest free?

No. Paytm personal loan comes at an interest rate starting from 1.66% per month.

What are the charges involved for Paytm personal loan?

Standard charges applicable on the Paytm personal loan are as follows:

  • Interest rate. 
  • Processing fee + GST
  • Late payment fee, only in cases of delayed EMI payments.
  • EMI bounce charges in cases of EMI installment auto-debit bounce from the linked Bank Account.
  • All the charges will be mentioned in the Loan Agreement.

What is the interest rate for Paytm business loan?

There is no Paytm business loan interest rate. You just have to pay a processing fee of 2% + GST for availing a Paytm business loan.