Paytm to offer up to ₹5 lakh loan to merchants. Know how to apply1 min read . Updated: 16 Feb 2022, 04:01 PM IST
- Repeat loans have seen a healthy take up, with 25% of merchants having taken a loan more than once
Paytm has partnered with scheduled commercial banks and NBFCs to offer collateral-free instant loans of up to ₹500,000 at a low-interest rate and also offers a unique daily EMI product customized for small merchants. The loans can be availed from the 'Merchant Lending Program' in the Paytm for Business app. The algorithm determines the credit-worthiness of the merchant based on his daily transactions and arrives at a pre-qualified loan offering.
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