Paytm Loan Scheme: The loan process is completely digital. The entire process from applying for the loan till the money reaches the account is online. You do not need to go back and submit the documents. The company is hoping to increase its customer base under this plan.
New Delhi: Have you seen or heard about any such wallet, which, if needed, can arrange up to two lakh rupees, not thousand five hundred. Talking here, not the wallet that is kept in the pocket, but the e-wallet inside the smart phone, which can be taken advantage of by any Genuine user. Actually a good news has come out for the users of Paytm Wallet. Paytm, owned by Vijay Shekhar Sharma, is now giving its users an opportunity to get an instant loan of up to Rs 2 lakh in less than 5 minutes or in just 2 minutes.
Completely online process
The loan will be available completely digitally as the entire process from applying for the loan till the money reaches your account will be online. Under this scheme, there is no need to go to the bank and submit the documents. Recently, the company has started the instant personal loan service, its low salary employees, small businessmen and professionals will also get the benefit.
You will get loan like this sitting at home
Under this scheme, Paytm users can apply for a loan from their mobile while sitting at home. Within a few minutes of the completion of the process, up to two lakh rupees will come in your account. To take an instant personal loan, customers have to go to the Paytm app and apply by clicking on the ‘Personal Loan’ tab in the Financial Services option. After this you will have to give the requested information, after which your eligibility will be seen and after that money will be transferred to your account.
Amount to be paid in 3 years
Paytm has so far given personal loans to hundreds of customers. Talking about the target of the scheme, the company will give personal loans to about 10 lakh people by the end of the year. Paytm also wants to increase its user base through this scheme. Under this, the borrowers of personal loans will have to repay the loan amount in 18 to 36 months. Paytm has also partnered with several banks and NBFCs for the latest loan service.
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