Paytm Loan for Businesses: Check if you are eligible for collateral-free credit

Feb 06, 2024 Abhishek Yadav

For a merchant loan, the applicant must be a resident of India and at least 18 years old.

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Register yourself as a merchant on Paytm for Business app.

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Ensure consistent and satisfactory transaction volume on a monthly basis on Paytm QR.

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A positive credit history and a good CIBIL score help increase the chances of getting a loan.

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Should be using the Paytm app for services such as recharges, bill payments etc., which enhances the chances of getting a loan.

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The advantage of getting the merchant loan from Paytm includes zero collateral to be pledged by the applicant.

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According to Paytm, merchants can get a loan within an hour of making the application.

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Paying on time without any default allows merchants to apply for a bigger loan.

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Merchants can use the loan to buy their supplies, pay rent or salaries, etc.

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Merchants don’t have to pay any foreclosure fees for repaying the loan early.

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