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The Paytm Business Loan is an accessible and affordable option for entrepreneurs looking to fund their business needs. Offering loan amounts ranging up to ₹10 Lakhs, Paytm provides competitive interest rates based on your business profile and requirements. With a maximum loan tenure of 36 months and no need for collateral, this loan is ideal for business owners seeking quick, hassle-free funding.

Paytm Business Loan Highlights

Here are some important details of the Paytm Business Loan that you should know about:

Loan Sanction

Up to₹10 Lakhs

Interest Rate

According to the borrower’s profile and business requirements

Loan Tenure

Up to 36 months

Processing Fee

2% of the principal amount + GST, as applicable

Overdue Charges

Applicable

Collateral

Not required

Disclaimer: The Paytm Business Loan details mentioned above are subject to change at the lender’s discretion.

Paytm Business Loan Interest Rate & Charges

Paytm Loan for business comes with competitive interest rates that vary based on various factors, including the loan amount, tenure, and creditworthiness. In addition to interest rates, you may also have to pay processing fees, documentation charges, and other applicable fees. This generally varies depending on the loan scheme and your credit profile. 

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Features and Benefits of Paytm Business Loan

Paytm Business Loan offers several features and benefits, which include:

  • Quick and convenient online application process with minimal documentation requirements

  • Competitive interest rates to keep your borrowing costs and repayment affordable

  • Flexible repayment options with customised loan tenures

  • No prepayment charges on certain loan schemes, allowing you to repay the loan before the tenure without incurring any additional charges

  • The loan amount gets disbursed directly to your Paytm wallet or bank account for easy accessibility

  • Customised loan schemes for various business purposes, such as working capital finance, equipment purchase, business expansion, etc.

Types of Business Loan Schemes Offered by Paytm

Merchant Loan

The Merchant Loan from Paytm is designed specifically for merchants using the Paytm platform. Here are the key features:

  • Loan Amount

Merchants can secure loans of up to ₹10 Lakhs

  • Eligibility

Applicants must be Indian residents, at least 18 years old, and registered as Paytm merchants. A good transaction history on the Paytm platform enhances approval chances.

  • Collateral

No collateral is required, making it accessible for small business owners

  • Repayment Terms

Flexible repayment options are available, allowing for easy daily instalments

  • Approval Speed

Loans can be approved and disbursed within a few hours, offering quick access to funds

  • Usage

The funds can be utilised for various purposes such as inventory purchases, shop renovations, or operational expenses

Business Loan

The Business Loan offered by Paytm caters to small and medium enterprises seeking financial support for various business activities. Key aspects include:

  • Loan Amount

Up to ₹10 Lakhs is available based on the applicant's creditworthiness and business requirements

  • Eligibility Criteria

Businesses must have valid registration (like GST), a good credit history, and meet minimum turnover requirements

  • Collateral

These loans are typically unsecured, meaning no collateral is necessary

  • Repayment Period

The loan can be repaid within a flexible timeframe of up to 36 months, with daily instalment options available

  • Processing Fees

A processing fee of around 2% of the loan amount plus applicable GST may apply

Loan Against Property

Paytm also provides a Loan Against Property, allowing individuals or businesses to leverage their property as collateral for financing. Key features include:

  • Loan Amount

The amount available varies significantly based on the property's value and the borrower's financial profile

  • Eligibility Requirements

Borrowers must own property that can be mortgaged, and they should have a stable income source to ensure repayment capability

  • Collateral Requirement

As the name suggests, this loan requires the property to be pledged as security against the borrowed amount

  • Interest Rates and Terms

Interest rates and repayment terms may vary based on the lender's assessment of risk and property value

These loan products from Paytm aim to provide flexible financial solutions tailored to the needs of different types of businesses. This ensures quick access to funds while maintaining straightforward application processes.

Paytm Business Loan Eligibility

Along with knowing the Paytm Business Loan documents required, understanding the eligibility is crucial. Eligibility criteria may vary depending on the specific loan scheme and your profile. 

Here are the Paytm Business Loan eligibility criteria:

  • You must be an Indian resident and above 18 years of age

  • You must have a valid business registration, such as GST registration

  • Your business operations should be eligible for the loan

  • You must have a good credit history and financial track record

  • You must meet the minimum turnover and profitability criteria

  • You must be a Paytm merchant

Paytm Business Loan Documents

To avail of an instant business loan from Paytm, you need to submit certain documents, which may include the following:

  • Business registration documents, such as GST registration, Partnership Deed, Memorandum of Association, etc

  • KYC documents of the borrower and co-borrower(s), including PAN card, Aadhaar card, etc.

  • Financial documents, such as bank statements, Income Tax returns, audited financials, etc.

  • Business vintage proof, such as GST returns, sales invoices, etc.

  • Other documents as required by Paytm, depending on the loan scheme and borrower's profile

How to Apply for a Paytm Business Loan

Here are some simple steps to apply for a Paytm Business Loan:

  • Open the Paytm App and open the application form

  • Enter details like your PAN, date of birth, and e-mail ID

  • Check the entered details and click ‘Proceed for Offer Confirmation’

  • Take a selfie and upload it for digital KYC verification

  • Once this is done, your details will be verified by Paytm

  • If approved, the loan amount is directly sent to your bank account

Business loan

DISCLAIMER

The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

 

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.

FAQs on the Paytm Business Loan

Does Paytm provide loans?

Yes, Paytm business loan is offered to eligible borrowers as a part of their financial services offerings. Paytm offers various types of business loan schemes with different features and benefits to cater to the diverse needs of businesses.

Is Paytm loan interest-free?

No, a Paytm business loan is not interest-free. Like any other loan, it comes with an interest rate levied on the loan amount. The interest rate may vary depending on the loan scheme, loan amount, and your creditworthiness.

How can I get a ₹5 Lakh loan from Paytm?

To get a ₹5 Lakh loan from Paytm, you can follow the application process mentioned on their official website or mobile app. Ensure you meet the eligibility and submit all the required documents for a hassle-free application.

What is the minimum CIBIL Score for a Paytm loan?

The minimum CIBIL Score requirement for an instant business loan from Paytm may vary depending on the loan scheme and the credit policies of Paytm. You can check the Paytm website or contact customer care for the specific minimum CIBIL Score requirement for the desired loan scheme.

What is the minimum loan from Paytm?

The minimum loan amount you can avail of as a Paytm business loan may vary depending on the loan scheme. Generally, the business loan starts for an amount of ₹10,000 or even lower in some cases. This depends on the loan scheme and your creditworthiness.

What is the maximum business loan amount from Paytm?

The maximum loan amount you can get with a Paytm business loan may vary depending on the loan scheme and your creditworthiness. Paytm offers business loans up to ₹10 Lakhs, depending on the loan scheme, credit assessment, and other factors.

Do I need to pledge any security for a business loan from Paytm?

No, a Paytm business loan is typically unsecured, so you do not require collateral or security.

What are the Paytm business loan foreclosure charges?

There are no foreclosure charges levied on a Paytm loan for business.

What is the processing period for the Paytm business loan?

Customers who have completed the KYC registration with Paytm can expect to receive a loan within minutes. However, the loan disbursement process may take up to 2 days for customers who are not yet KYC-registered.

What is the Paytm business loan repayment tenure?

The repayment period may vary depending on the loan scheme, loan amount, and the borrower's repayment capacity. Paytm offers flexible repayment options, typically up to 36 months, depending on the loan scheme and the agreed-upon terms.

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