How to get Paytm business loan?|What is Paytm Business Loan?

We have tried to give answers to all your queries related to Paytm Business Loan like What is paytm business? How much amount you can take as business loan from paytm business? Interest of rate on Paytm Business Loan | Tenure for repayment of paytm business loan | Eligibility for paytm business loan | Which documents are required for applying for paytm business loan? How to get paytm business loan?

I think after reading this post, you would be able to understand all about Paytm Business Loan. We all need money urgently in case of need. Paytm Business Loan is a solution for that but before applying for any kind of personal loan, it is better to know the rate of interest as well as your paying capacity for repayment of that loan.

What is paytm?

Paytm is a payment application that helps you in online transactions with the help of UPI using any bank. You may buy instant products using the Paytm app. You can use the Paytm app for payment of electricity bills, mobile recharge, bills of gas and water, metro card recharge, booking of tickets of movies, and many more.

You may also do payments to one bank to another bank or in the wallet of another person easily.

Paytm application is an approximately 9 years old payment app & was started in the year 2012. There are more than 100 millions download of this app from the play store.

Interest of rate on Paytm Business Loan

Paytm Business loan rate interest varies from 15% to 45%. We can say that it charges the minimum 15% and maximum 45% rate of interest for a Paytm business loan. It also varies from person to person as per applicants’ profile and business requirements.

Tenure for repayment of paytm business loan

Tenure for a Paytm business loan is a minimum of three months and a maximum of 36 months to repay your business loan account.

Features of paytm business loan

Paytm business loan is 100% online you have to apply online and there is no need to go anywhere.
You can get paytm business loan at low interest of rate.
You have to pay low amount of processing fee.
Simple and transparent loan process
After satisfactory payment of loan or without any default, businessmen are eligible for higher loan amount.
Cash discounts are available on upfront payments

Why do should you take paytm business loan?

No credit history is needed for paytm business loan.
Easy to reach as it is completely online procedure for applying for paytm business loan.
It has been directly transferred in your bank account.
Paytm business loan is at low rate of interest for all persons.
Less documentation of others money lenders.
No collateral is required.

What is paytm business?

Paytm business is a different application. You may register your business in this app and can do transactions without any charges. There is no fee or 0% fee for your business transaction payment.

There are more than 10 million businesses that have registered themselves on this application.

The more interesting fact is that Paytm also provides loans to grow your business.

How much amount you can take as business loan from paytm business?.

Paytm business provides a minimum loan amount of Rs.1000/- and a maximum loan amount of Rs. 10 lakhs to grow your business.

Processing Fee for Paytm Business Loan

Processing Fee for Paytm Business Loan is 2% of the loan amount plus GST

Where can you use paytm business loan?

For your education.
You can use this paytm business loan amount to grow your business and for extending it.
For travelling.
For purchasing a new vehicle like car, motorcycle, mobile phone.
For treatment.
For construction of your home.
For marriage.
For any need of your

Eligibility for paytm business loan

You should be the citizen of India.
Your age must be minimum 21 years and maximum 56 years.
You should have a current bank account.

Which documents are required for applying for paytm business loan?.

You must have aadhar card.
You must have pan card.
Current bank account.
You must have some business proof before applying the loan.
Source of income