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Paytm will provide a loan of 2 lakh rupees, apply anytime

Jan 5, 2021

Paytm will provide a loan of 2 lakh rupees, apply anytime [Image 1]

India News/Technology : Now, in this round of Digital India, you can get a loan of up to 2 lakh rupees in 2 minutes. Actually, the country's leading digital payment service platform Paytm has started the instant personal loan service.

You will be able to take loan in just 2 minutes

This service of Paytm will be available all the days of the year i.e. you can take a loan 365 days of the year. Through this service, users will get a loan in 2 minutes.

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.

These loans will be given through NBFC and banks. This move will bring 'new credit' to the scope of the formal financial market for customers, and will also empower individuals from small cities and towns who do not have access to traditional banking institutions.

According to Paytm, customers 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.

Paytm will provide a loan of 2 lakh rupees, apply anytime [Image 2]

The company says that, with this, loans will be easily available to salaried people, small business owners and professionals.

Those who want instant short term loans. This will fulfill their immediate needs. 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.

During the beta phase, the company has given loan to 400 selected customers.

In many places, people are unable to fulfill their dreams due to banking service being inaccessible. But now people will be able to take an instant loan with this new initiative.

Paytm Paytm Loan Technology

Piyush Verma

I am a Blogger and Web Designer.

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