Paytm Postpaid is a Buy Now, Pay Later facility offered by Paytm’s NBFC partners. With Postpaid, users get credit of up to Rs. 60,000 every month at 0% interest for upto 30 days.(Apply for Paytm Postpaid)
Paytm Postpaid is a payment service offered by Paytm, a leading digital financial services company in India. It allows users to make purchases on credit and pay for them later, similar to a traditional credit card.
They can use this credit to make purchases, bill payments, recharges, bookings, etc at 1.5 Crore + websites & outlets and repay next month.
Paytm Postpaid can be used at at 1.5 Cr+ shops across India and all your favourite Apps & Websites. One of important feature of Paytm postpaid is that Paytm Postpaid helps you build and improve your credit profile.(Apply for Paytm Postpaid)
Timely repayments can make you eligible for a credit card or get you a better loan offer.
Key Features :
- Get up to ₹60,000 instant spend credit
- Pay next month
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0% interest
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No activation Fee
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Build your credit score
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100% digital process
Here are some key features of Paytm Postpaid:
- Credit limit: Paytm Postpaid offers users a credit limit, which is the maximum amount of money that they can borrow on credit. This limit is based on the user’s creditworthiness and is determined by Paytm’s credit assessment process.
- Interest-free period: Paytm Postpaid offers users an interest-free period of up to 45 days, during which they can make purchases on credit and pay for them later without incurring any interest charges.
- Easy repayment: Paytm Postpaid users can repay their outstanding balance through the Paytm app or website, or by making a payment at any Paytm kiosk. Users can also set up automatic payments to ensure that their balance is always paid on time.
- Rewards and discounts: Paytm Postpaid users can earn rewards and discounts on their purchases through the Paytm app or website. These rewards can be redeemed for a variety of products and services, such as discounts on movie tickets, flights, and hotel bookings.
- Security: Paytm Postpaid uses advanced security measures to protect user information and prevent fraud. All transactions are encrypted and secure, and users can set up additional security measures, such as two-factor authentication, to further protect their account.
To use Paytm Postpaid, users need to have a Paytm account and must apply for a Paytm Postpaid account through the Paytm app or website. Paytm will assess the user’s creditworthiness and determine their credit limit based on this assessment. Once the account is set up, users can start making purchases on credit and pay for them later through the Paytm app or website.
Eligibility :
Paytm Postpaid is available to all Paytm users and does not mandatorily require an existing credit score or proof of employment.
Approval of Paytm Postpaid is subject to users fulfilling our NBFC partner’s risk policy. The following conditions must be met in order to apply for Paytm Postpaid:
i. User needs to have a valid PAN number
ii. User must be older than 20 years
iii. User must complete online KYC verification through CKYC or Aadhaar number
iv. User must be an Indian resident.
Steps to apply for Paytm Postpaid?
- Click on Postpaid Icon on the Homepage
- Fill in your few details – PAN number, Date of Birth & Email address. Tick the checkbox to provide your consent to fetch your Credit Report
- Wait for a few seconds to generate the best offer for you
- Offer is generated with credit/loan limit
- Take a selfie to complete KYC check
- Aadhaar Verification with OTP
- Confirm your details & Activate Postpaid
Repayment :
- Paytm Postpaid follows a billing cycle of 1 month.
- A single consolidated bill is generated on the 1st of the following month and payment is due by the 7th.
- Users can repay their bill at any time within this period by visiting the Paytm Postpaid section of the app using UPI, Debit Card, or Net Banking.
- You can also pay your outstanding balance in advance at any time during the month.
Charges of Paytm Postpaid :
- No joining fee for activating Paytm Postpaid.
- It charge a nominal convenience fee of 0% to 3% depending on the risk policy, on monthly spends made using Paytm Postpaid.