The company will provide loans ranging from Rs 250 to Rs 1000, in addition to instant credit up to Rs 60,000. This loan will help users pay monthly bills like mobile and DTH recharge, gas cylinder booking, electricity and water bills.
Paytm has launched Postpaid Mini, expanding its Buy Now, Pay Later service. Under this, Paytm user will get a personal loan of up to 60 thousand rupees in a few minutes.
Actually, through this service, the company will provide small loans. The company has partnered with Aditya Birla Finance Limited for this. The company has said that small-ticket instant loans will help customers with household expenses during the Corona era.
Under Postpaid Mini, the company will provide loans ranging from Rs 250 to Rs 1000 in addition to instant credit of up to Rs 60,000. Through this loan, users will be able to pay monthly bills like mobile and DTH recharge, gas cylinder booking, electricity and water bills. In addition, customers can also shop on Paytm Mall.
A new facility for first time loan borrowers
Bhavesh Gupta, CEO, Paytm Lending said that we are launching a new facility for first time loan borrowers. Through this a financial discipline will also be inculcated in them. Through this postpaid facility, we are making an effort to increase consumption in the economy. With our new postpaid service, users will be able to pay their bills and dues on time.
No interest will be charged for 30 days
Loan will be available at 0 interest for 30 days through Paytm postpaid service. There is no annual fee or activation charge. However, there will be only a minimum convenience fee. With Paytm Postpaid, users can make payments at online and offline merchant stores across the country without worrying about messing up their monthly budget. Paytm Postpaid is present in more than 550 cities in the country.
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