For the growth of the business, the majority of business people prefer to take business loans. There are many of the banking and the private institutions providing loans for the business. In this article, we will discuss the Paytm Business Loan as we all know that the Paytm has grown its business rapidly in the last few years, and now is one of the trusted top e-commerce platforms. The Paytm also provides the loan for the business at reasonable interest rates and secure repayment options.
One can apply for the Paytm Business Loan direct from his/her mobile phone within few minutes. The applying process is very simple; we (mudrabhandar.com) have provided the step by step procedure to apply for the loan. Not everybody is eligible to apply for the loan, and only eligible one can get the loan from Paytm. You can check the details related to the Eligibility, Interest Rate, and others from below.
Paytm Business Loan- Details
|Paytm Business Loan Interest Rate||12% onwards|
|Minimum Amount for Loan||Rs. 10,000|
|Maximum Amount for Loan||Rs. 2 lakhs|
|Tenure for The Repayment of Loan||Up to 180 days|
|PF||2% + GST|
|Type of Loan||Working capital loan|
Benefits Of Paytm Business Loan
- It is an easy and time-saving process.
- As, you can apply for the loan via online mode only; therefore, there is no unnecessary charges and the agent commission.
- You will get the amount directly in your bank account within a few minutes of approval of your loan.
- The app has the option to track your loan status, and you can simply track your loan status via online mode without any hustle.
- Indiviauls having a good CIBIL score, you can also apply for the higher amount loan.
- The Paytm also provides various easy options to repay the loan, and also you have the option to auto-pay the loan amount.
- You can also get your passbook and other transactions easily via online mode.
- The bank also offers you an additional discount with upfront payments.
How To Apply For Paytm Business Loan- Check Process
- Go to the play store, app store, or Microsoft store and download the Paytm for business Application in your smartphone.
- After opening the said application, you will get the home page, as shown below.
- Now you are required to press the “Business Loan” option visible there.
- Now you will get the below interface.
- After that provide your registered mobile number, Pan Card ID, and the PIN code.
- After entering the above details, to have to press on the “Submit Entry” button.
- After that confirmation of the submission of the application will appear.
- Now the officials will check your cibil score and also check your eligibility for the loan.
- If you are eligible, then officials will contact you for the further process of the loan.
- That’s all for the Paytm Business Loan process.
CA Shivam Channa is a trusted financial writer with deep knowledge of financial systems. He has over 10 years of experience in writing His articles are always well researched and provide great insights into the topic at hand.