Paytm Personal Loan on 2% Interest Rates – Apply Now

How To Apply Paytm Personal Loan 

People need money to fulfill their luxuries, so they work hard. But somehow  they are not able to earn enough money to fulfill all their luxuries with a fixed salary.  They need to take out a personal loan from banks.but sometimes they have to suffer and wait for a long time to approve the loan in the traditional way. 


Nowadays people get instant personal loans via personal loan apps. So, there are many payment apps that also provide personal loans to users to manage their money like gpay, paytm and phone pay. In this article we are going to discuss how to apply for a Paytm Personal loan.

First of all you have to be a Paytm user and link bank account to apply for a Paytm Personal loan. So, if you are not a paytm user then lets learn how to create an account on Paytm.

Paytm Personal Loan – Create Account on Paytm 

Install the paytm App from the Google play store and create an account. You will get the otp for the verification of your account. After that you have to complete your KYC from the nearest cyber cafe. If your KYC is not done then you are not able to apply for the Paytm personal loan. 

paytm loan

Paytm had established Paytm Payment Bank for the convenience of its users. Recently Paytm Payment Bank has also arranged to give loans up to 2 lakhs to the users by tying up with ICICI Bank.

Main Conditions To Apply For Paytm personal Loan:

It is necessary to complete your KYC on Paytm Account.

You also have to give details of your income source.

You will have to add your bank details in Paytm in which you can take loan and pay EMI.

Loan of Paytm


Documents Required to Apply Paytm Personal Loan

If you want to apply for Paytm personal loan, you must have the following documents –

pan card

Aadhar card

Current bank account

Income proof

Eligibility Criteria to  Apply Paytm Personal Loan

Check your eligibility before applying for a Paytm personal Loan. You must have the following qualifications to take a loan.

Your nationality should be Indian.

Your age should be between 25 to 60 years.

You must have some source of income to repay the loan.

How To Apply Paytm Personal Loan – Step by Step

1 step: When you get your Paytm Account verified and complete your Paytm KYC, you have to click on the “Personal Loan” option on the Dashboard of Paytm.

2 step: After that a form will open in a new window. You will have to fill your PAN card number, date of birth, email ID and reason for taking loan. After filling the form, click on the option with Proceed.

3 step: After this you will be asked to fill in some additional information like you have to select your profession whether you are Salaried, Self Employed or Not Employed. After that fill the details below accordingly and after filling the name of your parents. and you have to click on Confirm.

4 step: After that if you will be eligible to take the loan then your application will be accepted and if you are not eligible then your application will be rejected.

5 Step: If your application is accepted then after some time you will get a call from Paytm to inform you to approve the loan. And within 24 hours the loan amount will credited into your account.

How much will you get from Paytm Personal Loan?

Whenever you go to any bank or financial institution to take a loan, first find out how much you will get for the loan . If we are talking about Paytm, then you can easily get a personal loan from Paytm in between 10 thousand to 2 lakh rupees.

How Much Interest will be Charged on Paytm Personal Loan?

You must be aware that whenever we take a loan, it has to be repaid with some interest. Paytm provides you the facility of personal loan which is a very secured loan. Therefore, the interest rates are also higher in this loan app.

But if you apply for a personal loan on Paytm then you will get it at very low interest rates. When you apply for a loan from Paytm, you are also informed of the interest rates along with the EMI.

For How Long Will You Get a Paytm Personal Loan?

Whenever a loan is approved , you have to pay in a certain time period, which is called Tenure in the language of the bank. When you apply for a Paytm Personal loan, you have to repay this loan for a period of 6 months to 36 months. Which a normal person can easily pay.

Extra Charges on Paytm Personal Loan

Processing fee with GST

Late Payment Fees – If you do not pay the EMI on time

Bounce Charge – Auto – Debit bounce from linked bank account only in case of EMI installment


In this article we have already discussed the complete details of Paytm Personal loan. If you want to apply for an instant personal loan then you can use Paytm app. This is a very secure and user-friendly app for loan. If you have any query regarding this article, you can write in the comment section.