How to avail loans on Paytm

Aneeka Chatterjee | Updated on: Aug 13, 2022
FILE PHOTO: The interface of Indian payments app Paytm is seen in this illustration

FILE PHOTO: The interface of Indian payments app Paytm is seen in this illustration | Photo Credit: FLORENCE LO

Paytm has partnered with Piramal Finance to offer loans to merchants

Paytm recently announced a tie-up with Piramal Capital & Housing Finance, a subsidiary of Piramal Enterprises Limited, to offer loans to merchants across the country. The partnership lets merchants avail of loans of up to ₹10 lakh over a tenure of 6-24 months.

Here is a stepwise guide to avail loan on the Paytm app

  • On the Paytm app, click on the "Business Loan" icon on the Business App home screen and enter the desired loan amount.
  • Check the details of the loan amount, amount to be disbursed, total payable, daily installment, and tenure.
  • Click on the check box and tap on 'Get Started' to process.
  • Merchants can opt for KYC details from the ‘CKYC’ option to complete the process.
  • When redirected to the next screen, confirm personal details such as PAN, date of birth and email address.
  • For the next step, your credit score and KYC will be reviewed for eligibility.
  • As soon as the application is verified successfully, the loan amount will be disbursed instantly.
Published on August 11, 2022
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