Paytm offers loans upto Rs 5 lakhs; Here's step-by-step guide to take it in few clicks

Paytm offers low-interest, collateral-free quick loans of up to Rs 5,00,000. It also provides a special daily EMI product designed specifically for small businesses. Continue reading to know how to avail the loan from Paytm in a few clicks.

There are no additional documents needed because the loan application process is entirely digital. There are no pre-payment penalties for these loans; repayment is mostly deducted from the merchant's daily settlement with Paytm.

- Click on the “Business Loan" icon.

- Select the loan amount you want to take.

- Now the details of the loan like loan amount, total amount payable, EMI, and loan period will be on the screen.

- Now click on the check box.

- Click on the “Get Started" option.

- Click on the CKYC.

- Fill up the appropriate details.

- Click to proceed.

- After completing the aforementioned process, the loan amount will be credited to your account.