Paytm Plans To Provide Collateral-Free Loans Of Up To ₹500,000


Paytm has launched its indemnity free loans for the micro-merchants to provide low-interest rate loans up to ₹500,000 including their unique daily EMI product for these merchants.

The program will be launched under the name of the “Merchant Lending Program” for the services of collateral-free loans in Paytm for the business application.

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The programs focus on the merchant’s daily transaction to determine the worthiness and if the merchant arrives at the pre-qualified loan offerings and only then the loan will be benefited to the merchants.

In the previous financial years, loans worth ₹550 Crore has been benefited these merchants.

The loan will be collected on the daily basis of the merchant’s daily settlement and no previous ineptness of prepayment charges is necessary.

Paytm has been a successful supporter of these facilities with no additional documents requirement, approval or the defeating of the amount with the NBFC’s and banks.

The recently launched All-in-one Android  POS device has enabled multifunction level services from accepting payments through Paytm Wallet, UPI based applications, Debit and Credit card payments to over 2 Lakh MSMEs.

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Kirana stores have been profited through Paytm’s business platform application and have helped them to track their investments and payments instantly and tracking and navigation of the POS collections and settlements made in their preferred bank accounts.

Paytm has made the application available in 10 regional languages. This has allowed the retailers in small cities and towns to efficiently work through the business platform.

Bhavesh Gupta, CEO- Paytm Lending, has mentioned that Paytm has been trying even hard to help the Kirana stores and small business owners who are left behind by the banking sector in traditional manners and easy access to loans and credits is not an easy option for them.

Paytm will be focusing on EDC merchants by providing them a little higher loan amount on the transactions. Providing instant credit to those who do not have access to the loans due to lack of collateral or credit score will be the new focus of the Paytm platform.

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