Big news for shoppers, Paytm will offer loans up to Rs 5 lakh without any guarantee

 

Big news for shoppers, Paytm will offer loans up to Rs 5 lakh without any guarantee

Paytm, the country's largest payment app, is now set to offer low-interest loans of up to Rs 5,00,000 to small traders.  Paytm is preparing EMI deposit product for small traders.  The company offers Paytm Collateral Free Loan within the 'Merchant Lending Program' section in the Paytm Business App.  The creditworthiness of a merchant is assessed by a platform algorithm based on their day-to-day transactions.  After which a pre-qualified loan amount is offered.

●Now it is easy to get a loan

● Small traders will get cheap loans

 ●Paytm will launch this feature

 No prepayment charge

 The borrower does not have to pay any prepayment charge from Paytm.  Also, the loan repayment amount is collected from the merchant's daily settlement amount along with Paytm.  Paytm has issued a total loan of Rs 550 crore in the last financial year.  About 1 lakh merchants have benefited from Paytm loans.
The whole process of getting a loan is digital
href="https://www.vtvgujarati.com/news-details/loans-to-msmes-paytm-plans-to-disburse-rs-1000-crore-as-low-interest-collateral-free" target="_blank">
ગુજરાતી માં જાણકારી માટે અહીં ક્લીક કરો

 The entire process of getting a loan through Paytm is digital.  This includes the process of applying for a loan and issuing a loan after getting approval.  Applicants for loans after partnership with NBFCs and banks also do not need to provide any extra documents.

 Facility to take payment from any mode

 The company has recently launched Paytm All-in-One Android POS device.  Through which more than 2 lakh micro, small and medium level traders can withdraw money from all types of payment modes.  It also includes Paytm Wallet, all UPI apps, debit and credit cards and cash.

 Doing business has become easier for small and retailers

 The 'Paytm for Business' app can be very helpful for a grocery store operator.  Shoppers running grocery stores can easily get complete settlement information in a bank account.  Plus, they can easily get instant information about payments.  The app has been developed in 10 regional languages ​​with retailers of small towns in mind.
href="https://www.vtvgujarati.com/news-details/loans-to-msmes-paytm-plans-to-disburse-rs-1000-crore-as-low-interest-collateral-free" target="_blank">ગુજરાતી માં વાચવા અહીં ક્લીક કરો


Big news for shoppers, Paytm will offer loans up to Rs 5 lakh without any guarantee Big news for shoppers, Paytm will offer loans up to Rs 5 lakh without any guarantee Reviewed by Admin on November 10, 2020 Rating: 5

No comments:

'; (function() { var dsq = document.createElement('script'); dsq.type = 'text/javascript'; dsq.async = true; dsq.src = '//' + disqus_shortname + '.disqus.com/embed.js'; (document.getElementsByTagName('head')[0] || document.getElementsByTagName('body')[0]).appendChild(dsq); })();

Popular

Theme images by Flashworks. Powered by Blogger.