Paytm has partnered with various lenders, and their interest rates typically start at 1.66% p.m. My sister has taken a personal loan from them and she told me they have flexible loan and tenure options. You can see the actual interest rate along with EMIs during the application before availing the loan. So, if you ask what is the interest rate of Paytm personal loan, I’d tell you some factors that affect the EMI calculations.
What is Paytm Personal Loan Interest Rate?
My sister has used the Paytm personal loan EMI calculator, and I learned it makes use of some factors like loan amount, loan tenure, and the applicable rate of interest on the borrowed amount.
Let me give you my sister’s example. She took a personal loan of Rs. 10 lakhs at an interest rate of 13% for a period of 2 years. The interest rate was 1.08% p.m and her monthly EMI came to Rs. 47,542.
Thus, the actual rate of interest is determined by the above factors and the EMI calculator will give you an estimate of the same.
How to Apply for Personal Loan via Paytm?
The process is simple, with a few steps you need to take. I have mentioned the same below.
First, you need to check your loan eligibility in the Paytm App under the ‘personal loan’ section.
Then, enter your PAN number and other details related to KYC and occupation.
Select Bank account for loan disbursement and EMI repayment setup.
In this way, you can apply for a personal loan. The application process is quick but I’ve heard the disbursement process is extensive. I hope it gives you some idea on what is the interest rate for Paytm personal loan.
Enjoy Swift Documentation and Quick Disbursement of Personal Loans via NB InstaCash
Read more
How to Cancel Personal Loan Before Disbursement?
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Authors Of The Question
What is Paytm Personal Loan Interest Rate?
Tanmay
24 Views
1 Answers
3 days
2024-12-30T10:20:46+00:00 2024-12-30T10:20:47+00:00Comment
Share