Paytm is offering up to 5 lakh instant business loans. This is available for Paytm merchant account holder customers. You can get the loan without any verification. Paytm partners with different NBFCs to give this business loan.
Check out the Paytm business loan and the step-by-step process to apply.
Paytm Business Loan Quick Recap
| Loan Amount | Rs. 10,000 – 5 Lakh |
| Interest Rate | Up to 36% p.a. |
| Duration | 365 days |
| Customer Age | 18 years or above |
| Processing Fees | 2% of the loan amount |
| Eligibile For | Paytm Merchant Account |
Benefits of Paytm Business Loan
Fast Approval: Paytm provides fast loan approval within 48 hours. After loan approval, money will be credited instantly.
Higher Loan Amount: You can get up to 5 lakh loans. It depends on your CIBIL Score & transaction on your Paytm Business account. After the check all this, you will get the loan.
Minimum Documents: You will require basic documents to get the loan. An Aadhaar Card & PAN card will be required when applying for the loan.
Collateral Free: This is a collateral-free loan. Don’t require the guarantor to apply for a Paytm business loan.
Affordable Interest Rate: Paytm is offering an interest rate ranging from 18% to 36% per annum..
Instant Business Loan: You can get a quick business loan through Paytm. Money will be credited to your account within 48 hours.
Digital Process: Paytm is giving the business loan that is 100% digital process. You can apply for a loan from home.
Without Verification: You will get the loan without any verification. If you are eligible, you will get the money in your account.
Paytm Business Loan Interest Rate, Fees & Charges
| Interest rate | Up to 36% p.a. |
| Processing Fee | 2% of the loan amount |
| Late Payment Fee | Applicable |
| Defaulter penalty | Applicable |
| Loan Tenure | 365 days |
Paytm Business Loan Eligibility
- You need a Paytm Business account and must conduct daily transactions.
- Not defaulter on the previous loan
- The age should be 18 years or above
- Indian Citizen
- Paytm merchant account holders are only eligibile
Also Read: Business Loan up to 10 Lakh
Documents Required
Require the following documents to get the Paytm business loan:
- Pan Card
- Aadhaar Card
- Active Bank Account
How to Apply for a Paytm Business Loan
Step 1: Click on the “Paytm Business Loan” button.
Step 2: Download Paytm apps to start the process.
Step 3: Now register your mobile no with Paytm for a business account.
Step 4: Open Paytm for a business account and go to the “Loans & Credit Cards” section.
Step 5: Click on the “Business Loan” tab.
Step 6: Fill in your basic details and check eligibility.
Step 7: You will get the loan offer after the eligibility check.
Step 8: Money will be credited to your Paytm savings account. You can transfer money to your bank account.
Also Read: Business Loan Eligibility Documents
Paytm Business Loan Customer Care Number
Contact Paytm customer care for any queries. Customer care will solve your queries within 24 hours.
Customer Care Number: 0120-4456-456
FAQs on Paytm Business Loan
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How to repay Paytm business loan?
You can repay the loan amount with daily payments. Paytm is offering a daily repayment facility.
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How do you check the Paytm business loan offer?
Download the Paytm for Business app and fill in your KYC details. You will get a business loan offer after accepting some transactions to this business account.
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Is income proof required to get the loan?
Paytm does not take any income proof. Just a PAN card & Aadhaar Card are needed to apply.
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How much can I get through Paytm?
You can get up to a 5 lakh loan through Paytm.
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Does Paytm user can apply for this loan?
No. Paytm business loan is available only for Paytm merchant accounts.