Paytm starts offering instant personal loans, Get loans up to Rs 2 Lakh within 2 Mins, Know how to use?

Paytm Personal Loan: In this era of the Covid-19 Pandemic, people are facing many kinds of economic troubles. Many times situations arise when people do not have the money for necessary tasks. In such a situation, there is a possibility of taking loan. Nowadays, many such digital lending platforms have surfaced, which fraud people and steal their personal data. In such a situation, Paytm has brought the facility of instant personal loan. Paytm is one such digital payment platform in the country, on which people have built their trust. Paytm has also started banking facilities. know about its instant personal loan service.

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This service of Paytm will be available every day of the year. Through this service, the loan will be provided to the users in just 2 minutes. The processing of this loan does not take much time.

Paytm said during the launch of the service that the company is the technology and distribution partner of non-banking financial companies (NBFCs). Through this service, help will be given to loan to salaried, small businessmen and professionals These loans will be given by NBFCs and banks.

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An instant loan of up to Rs 2 lakh can be availed through this service from Paytm. This loan will be given on the basis of credit score and shopping pattern of the customer.

This instant loan of Paytm can be repaid in 18 to 36 months EMI. There is no pressure of any kind to recover the loan and all the work is done through legal process.

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Paytm Lending CEO Bhavesh Gupta says the company’s objective is to make instant personal loans easier for self-employed, new credit individuals and young professionals. They can get immediate personal loans easily when needed, so the company has started this facility.