Get Rs 5 Lakh loan instantly to start your business, here is how to apply



The “Merchant Loan Program” in the Paytm for Business app is where loans can be obtained. Based on the merchant’s regular transactions, the algorithm establishes their creditworthiness and generates a prequalified loan offer.








There are no prepayment penalties for these loans; the refund is mostly deducted from the merchant’s daily settlement with Paytm.





Paytm offers fast, low-interest, collateral-free loans up to Rs. 5,00,000 through partnerships with NBFCs and regular commercial banks. It also provides a special daily EMI product designed specifically for small businesses. The “Merchant Loan Program” in the Paytm for Business app is where loans can be obtained. Based on the merchant’s regular transactions, the algorithm establishes their creditworthiness and generates a prequalified loan offer.












No additional documents are needed as the loan application process is completely digital. There are no prepayment penalties for these loans; the refund is mostly deducted from the merchant’s daily settlement with Paytm.

How to get a Paytm Business loan in 5 steps?

  • On the home screen of the Paytm for Business app, tap the ‘Business Loan’ icon to view the offers available to you. Moreover, you can change the loan amount according to your needs.

  • You will be able to see information such as loan amount, amount to distribute, total amount due, daily installment, duration, etc. once you have selected the amount.

  • Verify your information, check the box, then press “Get Started” to continue. To quickly complete your loan application, you can also authorize the CKYC to obtain your KYC information.












  • You can confirm or fill in information such as your PAN card information, date of birth, and email address on the next screen. When you’re done, you can move on to confirming the offer. Your credit report and KYC information will be reviewed once your PAN data is verified.

  • The loan money will be deposited in your bank account after submitting your loan application. Please ensure that all information is correct before submitting the completed form.

The number of merchant loans disbursed on the platform increased 38% year-over-year, while the value of merchant loans increased 1,288% year-over-year, according to the report Q3 FY22 from the company. More than 25% of loans granted were to people with no credit history.












The average ticket size has increased with scale and is currently between 120,000 and 140,000 with an average duration of 12-14 months. With 25% of businesses taking out loans more than once, repeat loans have been welcomed.











First published: July 12, 2022, 10:59 a.m. IST



Comments are closed.