Paytm does a Maggi! Promises personal loans in 2 minutes
The online financial services giant has partnered with several banks and NBFCs to process and disburse loans in less than two minutes
BusinessToday.In | January 6, 2021 | Updated 13:06 IST
In the beta phase, however, Paytm has disbursed personal loans to more than 400 select customers
Paytm has launched round-the-clock instant personal loan services. Through this new offering, Paytm aims to offer loans to 1 million customers by the end of the fiscal. In the beta phase, however, Paytm has disbursed personal loans to more than 400 select customers.
Interested customers can avail this facility from the Personal Loan option under the financial services section of the app. The online financial services giant has partnered with several banks and NBFCs to process and disburse loans in less than two minutes. The beneficiaries shall get flexible repayment tenure of 18-36 months and EMI will be determined accordingly.