What is PAYTM Postpaid loan? How to apply for PAYTM loan?
If you also need money in emergency, then you can take PAYTM Postpaid Loan . Know complete information about PYTM postpaid loan.
You must have heard the name of loan somewhere in your life, you are given many loans but you must not have heard the name of your Postpaid Loan . But now India’s PAYTM apps have now brought Postpaid Loan, which we all should take advantage of.
What is PAYTM Postpaid Loan?
There is a postpaid loan given by PAYTM Apps, which can be used according to your need and you can pay the same amount till the 7th of the month if the bill is generated on the 1st of the month. In this you have to pay 0% interest .
what is postpaid loan
The way you use a postpaid Sim in your mobile – like using a postpaid Sim, you have to pay a fixed amount every month or you have to pay the company as much as you spend in a month. This is called postpaid. Similarly, now PAYTM postpaid loan has come in the market, which you can take through your PAYTM . And you will pay as much as you spend after one month.
How does Postpaid Loan work?
Postpaid Loan Service is being given to the PAYTM user by NBFC for the users of PAYTM Apps. In this, you will be given postpaid limit up to 100000 (1 lakh), this limit will be given according to your PAYTM Usage, if you use more then you can be given upto 200000 also.
Example : Recently I applied Postpaid Loan towards PAYTM Apps install and I got Postpaid Loan of 14000 thousand out of Upto 100000 Lakh. I spent something daily from that loan and spent total amount Rs1721 in the whole month, then on 1st feb the bill was generated and I paid 1741(1721+20) before 7th February, 20 rupees as convenience fee only. Didn’t have to pay interest.
Paytm postpaid charges
Whenever there is talk of a loan, the first thing that comes to our mind is that how much interest will be charged, but interest is not taken from you in PAYTM Postpaid Loan, in this the interest is 0%. In this only convenience fee is taken from you.
Where can I use Postpaid Loan?
You can use this loan for your daily life expenses, but only on PAYTM QR code or on PATM number, apart from this, you can use it at other places as well. Whose list I am giving you below.
Recharge & Bill Payments
- Mobile recharge
- DTH Recharge
- Book cylinders
- Broadband landline
- Water bill
- Cable TV
- Toll tax
Online Store & apps
- My jio
- Shoppers stop
- Dylan fresh
- Reliance digital
- Travel booking
- Paytm mall
paytm house rent payment
If you live in another city where you have taken a room on rent or you have an office on rent, then you can transfer your rent directly to Landlord’s UPI ID or bank account through paytm postpaid loan. Now it is easy to pay rent.
how to apply Paytm postpaid
Very simple way to apply PAYTM Loan, for this you have to download PAYTM from Play Store and first make UPI payment of Rs1 on my number or You will get Rs 100 cashback on any Paytm number. But it is still valid till 28 Feb.
How to get paytm loan?
Now let’s talk about how to get PAYTM Loan , once you download the application, you will get a box of Loan & Credit Cards as soon as you come down a little on the puzzle screen, in that there is an option of paytm postpaid loan, you have to click on it.
- PAYTM apps Download from play store.
- Click on Loan & Credit box me Postpaid Loan.
- Enter personal information, name, mobile number, email.
- Enter PAN Card detail and verify.
- Verify KYC with Adhaar card number.
- Mobile number should be registered with aadhaar.
- Then activate the Postpaid Loan.
Now your postpaid loan has been activated, in this you have been given some limit, it is not given directly by Paytm, but it is given by Paytm’s partner Aditya Birla Finance. Which you can spend without paying interest for the whole month. And pay it before the 7th of the month.
How to deactivate Paytm Postpaid?
If you want to deactivate paytm postpaid then follow step by step for that.
- Download paytm apps in your mobile from google play store.
- Click on your profile icon on the top left corner of the Apps.
- A drop down will appear. Dropped and came down.
- Click on Help and Support 24*7.
- Now drop below and tap on contact 24*7
- Different customer care numbers will be seen, you can message on bank, wallet, payment person.
- Will talk to executive, tell them that you have to deactivate paytm postpaid and what is the reason.
- And in this way your postpaid will be deactivated.
how to check credit score on paytm.
If you have Paytm apps then you can know free Credit Score by going to loan & Credit box, but to know that you have to verify your PAN, verifying your PAN shows that all your credit cards, all loans are known. And if they are paid on time then Credit Score is good. Credit score can also be slightly different according to the company.
Credit Score Category
- 780 -900 Excellent
- 700-779 Good
- 600-699 Average
- 300-599 Poor
If you use the Paytm app, you can take a postpaid loan if you need it, you spend it for a month without interest charges. I have also taken it and there is no problem in taking it.