HomeApp LoanHow to take PayTM Postpaid Credit loan? PayTM Postpaid Loan Apply

How to take PayTM Postpaid Credit loan? PayTM Postpaid Loan Apply


There are lakhs of customers using PayTM in India. PayTM Postpaid has been started for the same customers. You can apply PayTM Postpaid Loan very easily. Along with this, PayTM Postpaid Credit loan can be used in many places.

In this post, we are giving you all the information related to PayTM Postpaid Credit loan.

read this also: What is Paytm Wallet Transit Card?

What is Paytm Postpaid?

Paytm Postpaid Services is providing digital credit services to the users, where it allows you to transact digitally. This facility allows you to pay later as EMI or the entire amount. This new feature enables you to pay for all the daily products like grocery, milk and other products available in Kirana stores.

In addition, Paytm Postpaid Services allows you to make payments at major stores like Haldiram’s, Apollo Pharmacy, Croma, Shoppers Stop, etc. Recently, Payment Services has extended its services to online apps like Myntra, Lenskart, Gaana, Pepperfry, HungerBox, Patanjali, Spencers, and others. Apart from this, the company increased the credit limit to Rs 100,000. Which means users can buy bigger items.

Also Read: How To Complaint In Paytm Bank?

Benefits of Paytm Postpaid

Buy first, pay later

  • You don’t have to wait for your salary to shop.
  • One-time sign up and avail credit limit of up to ₹1,00,000.

Freedom from payment hassle

  • Here you do not have to share any OTP, card details and password.
  • You get instant refund.
  • The transaction spread is negligible.

Pay online or in store

  • Pay with a single click at 5 lakh+ shops and websites.
  • Pay a single bill for all monthly expenses.

low convenience fee

  • Convenience charges of 0% – 3% will be applicable on the monthly spend.
  • No other charges on timely bill payment.

Bill Repayment Option

  • Pay your bill next month using UPI, Debit Card, Net Banking & EMI.
  • Increase your credit limit with timely repayment.

Digital wallet leader PayTM has announced a collaboration with private lender ICICI Bank to offer a postpaid credit account. Customers using the Paytm app will be able to get instant credit based on the postpaid account offered. Paytm Aditya Birla Finance Postpaid Credit Account can help book travel and movie tickets, pay mobile, DTH and electricity bills as well as shop online. Since the activation is online, there is no need for you to visit the bank branch and submit documents. Also, there is no fee or charge.

read this also: How to open Paytm Payment Bank Account

How many types of Paytm PostPaid are there?

There are three variants of Paytm Postpaid – Lite, Delight and Elite
Paytm Postpaid is offered in partnership with two leading NBFCs in the country and offers three variants of the service to ensure all its users, including those without a credit score, can avail the benefits. Also, there is no cost associated with activating and keeping Paytm Postpaid or any of its variants.

  • postpaid lite Comes with a limit of up to Rs.20,000. and a convenience fee that will be added to the monthly bill. Even users without a credit score can apply for this facility.
  • Postpaid Delight and Elite Offers a credit limit of Rs 20,000 to Rs 1,00,000. Monthly cost with no convenience fee. Delight and Elite users will also get access to all postpaid features.

Also read: LazyPay – How to take Pay Later Personal Loan?

What is the credit limit you can be given?

Aditya Birla Finance runs an algorithm using the financial and digital behavior of the customers before ascertaining the credit limit of the customer. With Credit Score Check, the pattern and frequency of purchases made through the Paytm app are algorithmically analyzed by the bank before determining the credit limit. Credit limits generally range from ₹3,000 to ₹10,000. This can go up to ₹20,000 depending on the repayment history of an individual. Based on your credit score, you will be given interest free credit of up to 45 days.

Paytm Postpaid convenience fee

You can also convert PAYTM POST purchases/dues into easy EMIs, so that you can buy essentials without any budget constraints and pay the amount in easy installments. Paytm Postpaid EMI charges up to 2% + GST. So if you make a purchase of Rs 5000, you will have to pay an additional Rs 118 as interest and GST charges.

There is also a late fee if you do not pay within the limit (due date is the 7th of every month). Here are the details of late fee.

Outstanding Amount of Unpaid is Late Fees (Per Month)
Less than Rs.100 Rs.0.00
Between Rs.101 and Rs.250 Rs.10
Between Rs.251 and Rs.500 Rs.25
Between Rs.501 and Rs.1000 Rs.50
Between Rs.1001 and Rs.2000 Rs.100
Between Rs.2001 and Rs.5000 Rs.250
Between Rs.5001 Rs.500
Late fee includes applicable taxes.

How to use Paytm Postpaid Account?

This involves a step-by-step process shown below.

open your paytm app
Tap on the Profile button.

  • Now tap on Your Account Menu.
  • Click Here Paytm Postpaid
  • Enter your PAN and Aadhaar details
  • Get your credit limit based on your Paytm purchases
  • Select Paytm Postpaid as payment mode
  • You can see your PayTM postpaid spends in your passbook

Need to set passcode before using postpaid account

To activate the postpaid account, you need to set up a passcode using the following steps.

  • login to paytm app
  • Go to Profile and then to Security & Settings
  • Click on Set Passcode/Change Passcode
  • set your 4 digit passcode

Read Also: 24 Best Instant Personal Loan Apps in India

Paytm Postpaid Customer Helpline Numbers

Bank, Wallet & Payments 0120-4456-456
Paytm Mall Shopping Orders 0120-4606060
Travel and Hotels 0120-4880-880

questions to ask

Who is eligible for Paytm Postpaid?

Generally, a customer with a CIBIL score of 0-700 is eligible for Paytm Postpaid Lite. The credit limit for Delight and Elite users varies from Rs. 20000- to 1, 00,000. Also, there is no charge applicable on the monthly spend.

Is Paytm Postpaid Free?

There is no cost associated with activating and maintaining Paytm Postpaid or any of its variants. 20,000 and a convenience fee that will be added to the monthly bill. Even users without a credit score can apply for this facility.

Does Paytm Postpaid charge interest?

Paytm has introduced a new Bill EMI feature that enables postpaid users to convert their spends into EMIs. However, the company will charge a nominal interest rate on the EMI. Postpaid bills can be converted to Flexible EMI within the first 7 days of the bill.

Can I pay Paytm Postpaid in EMIs?

Postpaid users can now convert their monthly spends into easy EMIs. … Our postpaid service offers a credit limit of up to 1 lakh, Rs. Which can be extended with timely repayment. This is offered in partnership with two leading NBFCs with instant credit lines for various payments to Paytm app users.

See also  How to use Jupiter Edge UPI Pay Later Service?
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