I received an email from Paytm to apply for an instant, online personal loan of Rs 2 lakh. The only reason I chose to apply was to check the rate of interest, EMI and the whole loan approval process which I explain in this tutorial.
Step by step tutorial to apply for Paytm personal loan upto Rs 2,00,000.
Total Time: 8 minutes
Provide basic KYC
Check your personal information as per your PAN Card
Provide employment details
Here you need to select your employment status.
CIBIL credit check
Enter the OTP received from CIBIL to initiate credit appraisal.
Loan application result
Based on your civil score and Paytm’s internal assessments your application maybe approved or rejected. In my case it was rejected!
Prefer to watch video? Watch below.