Paytm, one of India’s leading digital payment platforms, not only helps in mobile recharges, UPI payments, and bill payments but also offers instant personal loans. With Paytm’s loan service, eligible users can get quick access to credit without visiting a bank. If you are wondering *“How to take a loan from Paytm?”*, this guide will help you step by step.
What is Paytm Loan?
Paytm has partnered with several banks and NBFCs to provide digital personal loans. The process is completely paperless and online, and the loan amount is credited directly to your bank account. These loans can be used for emergencies, shopping, education, travel, or other personal needs.
Eligibility for Paytm Loan
Before applying, you must meet the following criteria:
Must be an Indian citizen
Active Paytm account with KYC completed
PAN card & Aadhaar card for verification
Age: 21–60 years
Good credit score (CIBIL score of 700+ preferred)
Step-by-Step Guide: How to Take Loan from Paytm
1. Open the Paytm App
Ensure you are using the latest version of the app.
2. Go to the “Loan & Credit Card” Section
On the homepage, scroll to the “Financial Services” tab.
Select “Loans”.
3. Check Your Loan Offer
If eligible, you will see a loan offer based on your profile.
Loan amount usually ranges from ₹10,000 to ₹2,00,000 (may vary as per eligibility).
4. Choose Loan Amount & Tenure
Select the required loan amount.
Choose repayment duration (3 months to 36 months).
5. Complete KYC & Verification
Upload Aadhaar, PAN, and bank details.
Paytm’s lending partner will verify your credit profile.
6. Loan Disbursement
Once approved, the money is directly credited into your bank account
Benefits of Taking Loan from Paytm
100% digital process (no paperwork)
Instant approval & quick disbursement
Safe & secure (powered by RBI-approved lenders)
Flexible EMI repayment options
Important Things to Know
Interest rates usually range from 12% – 30% annually.
Repay EMIs on time to avoid penalties and maintain a good credit score.
Check all terms & conditions before accepting the loan offer.