Paytm offers a loan service called Paytm Postpaid. Know what it is and how to activate it.
Paytm is one of the most popular payment services in the country. Starting with the Paytm wallet a few years ago, Paytm now allows you to make payments through UPI, pay bills and even take out small loans. yes, in 0219 Paytm announced their loan service called Paytm Postpaid. Comprised of two services, Paytm PostPaid and Paytm PostPaid Mini, these plans complement the âBuy Now, Pay Laterâ formula for customers.
The Paytm PostPaid service provides low cost instant loans to help users meet household expenses or shop in stores. This service was launched in partnership with Aditya Birla Finance Ltd.
How much money can you borrow?
The Paytm Postpaid Mini allows you to take out loans of an amount ranging from ??250 to ??1000. For those looking for more, they should opt for Paytm Postpaid which can offer instant credit up to ??60,000.
What are the loan conditions, the interest rates?
Paytm says the Postpaid service typically gives users a period of up to 30 days to repay 0% interest loans. There are small convenience fees, but Paytm doesn’t charge any annual fees or activation fees.