Paytm Business loan review

Paytm Business Loan is offering business advances to those individuals whose equilibrium is recently opened or it isn’t more seasoned than 1 year or significantly over 1 year old, Paytm is effectively giving a business credit to those individuals whose With the assistance, normal residents can likewise begin a business without any problem.

Paytm offers business credits with a 0% handling charge. As of now, there will scarcely be anybody who isn’t utilizing Paytm. That is the reason Paytm has sent off another application for a financial specialist whose name is Paytm Business. You can undoubtedly take a business credit by enlisting in this application. Furthermore, you can go into business.

Paytm Bank Business Loan is offering business advances to individuals with practically no security or assurance so that an ever increasing number of individuals can begin their business effectively with the assistance of Paytm Business Loan.

With Paytm’s business credit, the dealer can take an advance effectively for his business or for different purposes like purchasing area, industrial facility, and apparatus for business development.

A business advance from Paytm Along with ordinary citizens, for example, limited scope ventures, ladies related with the matter of administration, and medications can likewise effectively take credits.

In this article, you will figure out how to take a business advance from Paytm. Furthermore, how much interest will be charged on a business advance, for how many days or credit will be accessible, and how to apply for this credit.

Who can take a business loan from Paytm?

  • Only Indians can take a loan from this bank.
  • Your business should be at least 1 year old.
  • The sales of your business should be at least 2 lakhs.
  • The minimum age of the loan holder should be 21 years and the maximum 65 years.
  • Indian citizen who has no previous default in any bank loan institution.
  • And to know the eligibility of this bank in detail, you can check by visiting the application of Paytm Business.

Features and benefits of Paytm Business Loan.

  • From Paytm, you can easily take a business loan from 10 thousand to 2 lakh or above.
  • No Collateral is required.
  • The interest rate i.e. interest has to be paid only on the loan used by the merchants.
  • Proprietorship form can also take a loan from this bank.
  • Partnership holders can also apply for a business loan.
  • And can also easily take business loans for the company.
  • This bank also gives guarantee-free loans to pursue small businesses.
  • Small Business is giving a business loan to an Engineer without any security and collateral.
  • It is offering business loans with tenures ranging from 3 months to 36 months.

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How much is the Paytm Business Loan amount available?

  • At least 10 thousand business loan is available from Paytm
  • And the business loan amount up to 2 lakh is available from this bank.

What is the interest rate on Paytm Business Loan?

  • Paytm Bank Business Loan interest rates range from 11% to 18% on the amount received.
  • This interest rate is charged according to the plan chosen.

Eligibility for Paytm Business Loan

  • The business experience of the applicant should be at least 1 year.
  • And should be with a maximum of 1-year experience.
  • Applicant age should be minimum of 21 years and a maximum of 65 years.
  • Applicant should not have an existing loan or total loan.
  • The turnover of the business should be at least up to 2 lakhs.

What are the documents required to take Paytm Business Loan?

  • Aadhar card
  • PAN card of the applicant or company
  • BR
  • Address Proof
  • Income proof
  • relevant financial documents
  • Bank account statement for last 3 months
  • passport size photo
  • Some documents related to Bina

How to take Business Loan from Paytm?

  • After downloading the Paytm application, you have to create your account which you will have to verify with your mobile number.
  • After verification, enter your full name in it and after that the address also after that upload your document.
  • After this, listen to the loan according to you, after the application is reviewed, a call will come from Paytm.
  • Your loan will be approved after the call. After this, the loan money will directly come into your account.

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