Personal Loan, Paytm Lending: Now you can get a loan of up to 2 lakh rupees in 2 minutes. The country’s leading digital payment service platform Paytm (Paytm) has launched the instant personal loan service. This service has been introduced by the company to extend the credit service of Paytm to the general public.
The person can use the company’s instant personal loan service at any time of the year. For this, a person can apply on a holiday also. An instant loan of up to Rs 2 lakh can be availed through this service of Paytm. This loan will be available on the basis of credit score and shopping pattern.
According to the information given by Paytm, you can repay the loan amount in an EMI of 18 to 36 months. Paytm has tied up with non-banking financial companies (NBFCs) to give loans to customers in 2 minutes. The company says that this will make loans easily available to salaried people, small business owners and professionals.
This move of Paytm will bring new credit to customers within the ambit of formal financial market and will also empower individuals from small cities and towns who do not have access to traditional banking institutions. Those who want an immediate short term loan, it will meet their needs immediately.
Interested customers can complete the further process by going to the Financial Services section of the Paytm app and then clicking on the Personal Loans tab. Let us tell that during the beta phase, the company has given loan to 400 selected customers.
