Paytm launched a new facility to provide instant personal loans to people a few months ago. With this, some special customers of Paytm receive instant loan up to 2 lakh rupees.
It often happens that you suddenly need the money. At this point, if you are applying for a loan from the bank, the process takes a long time. Along with this, a lot of such documents are searched, which you cannot fill out. If such a situation accompanies you, Paytm can be a good option for you, because now you can also take out a loan from the Paytm with which you paid the bill.
A few months ago, Paytm launched a new facility to provide instant personal loans to people. With this, some special clients of Paytm get instant loan of up to 2 lakh rupees, the special thing is that you don’t have to wait much for this loan. If you are eligible for a loan, you get a loan of up to two lakh rupees in a matter of minutes. In such a situation, do you know how you can take out a loan and what is the process?
Full online service
In this Paytm loan, the whole process is done online. You don’t have to go to a bank, etc. to take out a loan.
The peculiarity is that the whole process of taking out a loan is completed in 2 minutes and in less than two minutes the money is transferred to your account.
You can take advantage of this service from Paytm on public holidays and Sundays also on public holidays, that is, it can be used any day and anytime.
Who are eligible?
This new instant loan is available to job seekers, small business owners, and professionals. In this, the loan is granted based on your credit score.
Also, this Paytm loan needs to be repaid in 18-36 months and you can pay accordingly. The company has partnered with many NBFCs and banks to provide this functionality and you can manage the entire account from the Paytm app.
How to take the loan?
If you also want to take out a loan through Paytm, you will need to complete the process by going to the Financial Services section of the Paytm app and then clicking on the Personal Loans tab.
After that you have to give the requested information and your eligibility will be seen and after this money will be transferred to your account.