You can now take small amount loans, ranging from Rs 250 to Rs 1000 from Paytm at 0% interest, for a fixed time period.
As an extension of its existing Buy Now, Pay Later service, the financial platform Paytm has launched a new service called ‘Postpaid Mini’, which will offer more credit to users, especially during the pandemic.
Paytm has launched this credit service on Monday, in partnership with Aditya Birla Finance Ltd.
Paytm’s Postpaid Mini
As per Paytm’s new loan service, users will be able to borrow loan amounts ranging from Rs 250 to Rs 1,000, along with Paytm Postpaid’s instant credit of upto ?60,000.
Using this service, users new to credit will be able to better manage their monthly expenses, like mobile or DTH recharge, electricity bills, booking gas cylinders, shopping on Paytm Mall and more.
Users availing this service will be offered a period of up to 30-days for loan repayment at 0% interest rate.
Additionally, the service comes with only a convenience fee and no annual fees or activation charges.
Paytm Postpaid
This service is a part of Paytm Postpaid, which too has garnered good popularity all around the country.
Today you can find both online and offline merchant stores at thousands of petrol pumps, neighbourhood kirana stores or pharmacy shops, popular chain outlets, internet apps and popular retail destinations, among others, using Paytm Postpaid.
It is available across 550 cities in the country.
“We want to help new-to-credit citizens start their credit journey and develop a financial discipline. Through Postpaid we are also making sincere attempts to help drive consumption in the economy. Our new Postpaid Mini service helps users manage their liquidity by clearing their bills or payments on time,” says the CEO of Paytm Lending, Bhavesh Gupta.
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