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Home > Paytm Seller Business Loan

Paytm Seller Business Loan

In these present times, one of the greatest challenges for the medium-sized and the small-sized businesses is maintaining the proper flow of finances. Every business these days requires fresh working capital to ensure that the operations move on smoothly. FlexiLoans is here with its Paytm seller business loan to help Paytm sellers live their dreams of making it big in this field. So, we, at FlexiLoans, make it possible for the borrowers to take that big leap which is required for growing their business. We support the Paytm sellers by providing them easy and useful Paytm business loan available in the form of merchant cash advance and line of credit loans.


Paytm Business Loan- A Quick and Easy Way of Arranging for Cash

If you are wondering whether you must make progress with the procedure of Paytm business loan, apply online, then you must surely consider the services of FlexiLoans. With us, you will be able to reap some of the best advantages of going for vendor financing or term loan available in the category of Paytm seller business loans. The very first thing that is noteworthy about our loans is that the entire procedure is entirely digital, and there is no involvement of documents. Also, the borrowers do not need to stand in long queues only to receive the amount.

Regular installments can quickly be paid, and there are absolutely no hidden charges associated with the loans. Also, the borrowers do not need to indulge in meeting beforehand charges. There is no locking period with the amount received as loan available to be repaid right at the end of the loan. Going for FlexiLoans’ Paytm seller business loans means you will be getting the required loan amount at an affordable rate of interest.


Reasons to Go for Paytm Seller Business Loans

Some good reasons make Paytm seller business loans a great alternative. First of all, the sellers can receive scalable and flexible working capital that they can use for business expansion or for increasing their product categories. They also avail a decent amount of discounts from the suppliers by making the payments upfront. They get the scope of buying tools and equipment further required for improvising their business offerings. These include IT equipment and certain machines and systems.


How To Apply for Paytm Business Loan

  • Step 1: Install the Paytm application on your smartphone.
  • Step 2: Open the Paytm App and navigate to the business loan option.
  • Step 3: A new page will open, prompting you to enter the loan amount.
  • Step 4: Using the slider, adjust the loan amount and repayment duration.
  • Step 5: Once the loan amount has been determined, click on “Start Loan Application.”
  • Step 6: Complete the Know Your Customer (KYC) procedure by visiting a KYC centre near you.
  • Step 7: Once the process of video KYC is complete, a Paytm representative will initiate the loan process.
  • Step 8: After verifying and approving the supplied papers, the loan amount will be sent to your Paytm savings/current account.

Paytm Business Loan Interest Rate

Interest Rate As per the applicant’s profile and business requirements
Min. Loan Amount INR 50,000
Max. Loan Amount INR 1 Cr
Repayment Tenure Up to 180 days
Collateral Not required
Processing Fee 2% of the loan amount + GST
Loan Type Working capital loan

Paytm Loan Eligibility

Paytm now provides its customers with an instant loan of up to INR 2 lakh in only two minutes. The non-bank financial company has automated the whole loan process. For a Paytm loan, apply simply, with no physical paperwork or customer authentication. The fund is immediately disbursed upon approval.

If you are considering applying for a business loan in India, you must meet specific conditions. The following are eligible for a Paytm loan apply online.

  • Individuals, proprietors, private limited corporations, and partnership firms engaged in trading, manufacturing, or service-related activities
  • Individuals who have been engaged with the current firm for at least three years (plus a total of five years of business experience)
  • Individuals must be at least 22 years old at the time of application and no older than 65 years old at the time of maturity
  • Profitable businesses over the last two years
Minimum Business Vintage 1 year
Monthly Business Sales Minimum 2,00,000

How To Take Loan From Paytm

  • You should maintain a monthly minimum transaction amount with Paytm. It will make obtaining company financing easier.
  • Consistency must be maintained. Further, if everyday collections occur, businesses’ credit scores improve, and loans can be obtained sooner than they would when borrowing from other lenders.
  • Additionally, the customer base must be stable in terms of new and returning customers. These are all indicators that business is thriving and will continue to do so in the foreseeable future.
  • A merchant's relationship with Paytm must be smooth and without any defaults.

Documents Required for Paytm Seller Business Loan

Personal KYC PAN card
Residential Address Proof (Any One) Rent Agreement | Driving License | Voter's ID | Ration Card | Passport | Aadhar Card
Banking Last 6 months current account bank statements
Business KYC (Any One) GST Registration Certificate | Shops & Establishment Certificate | Business PAN Card

Frequently asked questions

What are the purposes for which I can get a loan via FlexiLoans?

FlexiLoans is here to provide you financial access for your business funding needs. You have to undergo simple and transparent Credit Evaluation, basic documentation before we disburse the loan. You may get loans via FlexiLoans for:
  • Expanding your business
  • Servicing regular working capital needs
  • Managing seasonal working capital requirements
  • Manage short term cash flow gaps

Why should I avail loan via FlexiLoans?

Quick credit assessment ensures fast disbursal of loan at best rates and flexible terms, thus providing financial access at a click! Our business is to help you grow your business.

What documents are required to apply for a loan?

KYC document

  • - Pan card

Proof of residential address (any one)

  • - Rent Agreement
  • - Driving License
  • - Voter's ID
  • - Ration Card
  • - Passport

Banking

  • - Last 6 months of bank statement of current account

Business KYC (any one)

  • - GST Registration Certificate
  • - Shop Establishment Certificate

Financial documents (For loans greater than 20 Lakhs)

  • - 2 years Audited financials
  • - Last 2yrs ITR
  • - GST Returns of 6 months

Are there any charges other than interest rate that I have to pay to avail the loan?

We may charge processing fee to facilitate the loan towards legal and documentation charges. You may be charged penal charges for late or irregular payment behavior.

Is EMI service available to pay business loans?

Yes, FlexiLoans provide an EMI facility by which you can pay back your business loan. The EMI amount will be based on your loan amount, the interest charged and the tenure of the business loan. Here is the link to Business Loan EMI Calculator.

What security do I need to provide to avail a Business loan for Paytm Seller?

FlexiLoans provides only collateral free business loans. So, you do not need collateral for applying for a business loan.

What is the Paytm loan interest rate?

Before you apply for the loan, the business loan interest rate and associated EMIs are displayed to you.

How to apply for business loans?

Browse the lender's official site, then apply for the loan online by filling out a form and sending the necessary papers.

How is business loan eligibility determined?

  • Ascertain a favourable CIBIL score: Your credit score is a critical factor in evaluating your business loan eligibility.
  • Make timely payments on your taxes and EMIs: If you have a spotless and on-time payment history, you may qualify for a larger loan amount.

Does one need to pay charges aside from the interest to get the loan?

You may be charged a processing fee to cover the loan’s legal and documentation charges. Further, you may incur penalties for paying late or irregularly.

Quick credit assessment ensures fast disbursal of loan at best rates and flexible terms, thus providing financial access at a click! Our business is to help you grow your business.

KYC document

  • - Pan card

Proof of residential address (any one)

  • - Rent Agreement
  • - Driving License
  • - Voter's ID
  • - Ration Card
  • - Passport

Banking

  • - Last 6 months of bank statement of current account

Business KYC (any one)

  • - GST Registration Certificate
  • - Shop Establishment Certificate

Financial documents (For loans greater than 20 Lakhs)

  • - 2 years Audited financials
  • - Last 2yrs ITR
  • - GST Returns of 6 months

We may charge processing fee to facilitate the loan towards legal and documentation charges. You may be charged penal charges for late or irregular payment behavior.

Yes, FlexiLoans provide an EMI facility by which you can pay back your business loan. The EMI amount will be based on your loan amount, the interest charged and the tenure of the business loan.

FlexiLoans provides only collateral free business loans. So, you do not need collateral for applying for a business loan.

You may be charged a processing fee to cover the loan’s legal and documentation charges. Further, you may incur penalties for paying late or irregularly.

  • Ascertain a favourable CIBIL score: Your credit score is a critical factor in evaluating your business loan eligibility.
  • Make timely payments on your taxes and EMIs: If you have a spotless and on-time payment history, you may qualify for a larger loan amount.

Browse the lender's official site, then apply for the loan online by filling out a form and sending the necessary papers.

Before you apply for the loan, the business loan interest rate and associated EMIs are displayed to you.