Steps To Get Paperless Business Loan From Business With PayTM App – Full Guide For All PayTM Merchants


[updated : Dec 2019]Hello Earticleblog Readers ,

Hope You Are Enjoying Our Blog As Well As Saving And Earning Money Through Various Offers Which We Share On Our Blog . But What Will Happen When We Don’t Have Money In Our Hand , Our Savings Are Exausted & Our Earnings Are Paused ? Definately ! There Will Be Only One Solution To Hold Ourselves & That’s Taking ” LOAN  ” From Someone .

According To Me :Taking Personal Loan From Someone Or Somewhere Is More Harder Than Earning That Particular Amount . ” . But , In This Post we will share the easiet way for PayTM Merchants to Grab Business Loan With PayTM & Pay them back In EMIs on daily basis which will be deducted from Payout Which is supposed to Released from Total Collections from the customers .

Also Check: Transfer Amazon Pay Balance To Bank Or Other Amazon Account

If You’re Looking for the perfect post on the internet regarding ” How To Get Business Loan from Business With PayTM App ” then trust me This is the Perfect article for you . Just follow the whole article and all of your confusions will be clear . Business with PayTM is ideal Loan service provider if You require short-term loan with Daily Re-Payment as option .

 

Eligibility Criteria For Business With PayTM Loan :

  • If you accepts regular payments from your Customers , They have mentioned minimum INR 5,000 per month should be collected by the merchant & They can review 3 Months of Payment History Growth .
  • Merchant should accept Payments from a Mix of both New and Returning customers
  • Merchant should have complaint free track-record as Merchant as well as for the Services He/She have availed with PayTM .

As they have mentioned these specific things , I have added it in Eligibility Criteria section above . If You will follow all the steps and keep care of all the above things sooner or later , You’ll be eligible for a Business Loan With PayTM .

Required Things To Avail Loan From Business With PayTM :

  • Current Residential Address , Permanant Address As Well As Address Details Where Your Shop Is Located .
  • Live Selfie Picture Of Business Account Holder
  • Front Side Live Photo Of Your Shop
  • PAN Card Photo From Gallery Or Live Click
  • Proof Of Address – Any One (  Aadhar Card/Driving License/Voter ID Card/Passport  ) From Your Mobile Gallery Or Live Click

 

Above Paperless Documents Are Required Only For A Single Time Verification , From Next Time You Can Avail The Loan More Conveniently . So , Above Documents And Details Are Required To Avail Loan From Business With PayTM Application

Steps To Avail Business With PayTM Loan :

 

  • First of all , Open Business With PayTM Application & Choose ” Instant Business Loan ” Option from merchant dashboard Or Just Click HERE

  • At ” Instant Business Loan ” Page of Business With PayTM App , You’ll see option to proceed to the next step like this if you’ll be eligible .

You can see in above image . Different merchants are eligible for Different amount of Loans for different Tennures through Business With PayTM .

  • If you are getting Layout like this with ” Notify Me ” Button then currently you are not eligible for the offer . That Means you should wait for few Weeks following Above Eligibilty Criteria .

So , If you are eligible for this Business Loan then please have a look at The below steps to Proceed Further .

  • Click on proceed from the Loan Screen & select your Gender , Enter DOB &

  • Now , Select your current address where you are living at present .

  • Now , Select Permanant address or Manually Enter if it differ from your current address

  • Now , Enter your shop address if its different from Current Address else just Select Yes on the screen as per below Screenshot

  • Its time to Provide Documents Verification , Upload the Required Documents to complete the process

  • After uploading Documents check these important details regarding loan disbursal

  • Again Re-Confirm Disbursal Bank Account Details

  • Now On This Page Check & Read Loan Agreement Carefully

  • On Next Page Enter OTP That You Have Received On Business With PayTM Registered Mobile Number To Accept Loan Agreement .

  • You have successfully submitted the Loan Application . Now wait for 24 Hours for Business With PayTM Team to Review your Documents & proceed to approval & disbursal of your loan .

  • You can always check your Loan Status from Instant Business Loan section on Merchant dashboard of Business With PayTM App

 

 

QUESTION AND ANSWERS : 

 

Q . Does My Credit Score Needs To Be Healthy To Get Business With PayTM Loan ?

A . The primary thing that matters for availing Loan from Business With PayTM is the Relationship Of Merchant with PayTM . He/she should have Complaint free Track record and behaviour on PayTM Platform . Credit score also plays role in deciding your eligibility for this Loan . If you have bad credit score and Repayment history with other financial companies then this will Impact on the Eligibility .

 

Q . How To Pay Back Money To PayTM After Taking Loan ?

A . It’ll Automatically Charge From The Payout On Business With PayTM . If you have not received any recent payment from your Customers then you can send Equivalent amount of EMI Via UPI To your Merchant QR yousrelf , That’ll adjusted in The loan .

Suppose , I have EMI Due Of INR 500 & No One Has Paid Me INR 500 Today , Then I Can Send INR 500 To My Merchant QR Via UPI/NetBanking ( Netbanking = Payments Bank )

 

Q . What If I Will Not Pay Back The Money To PayTM After Taking Loan ?

A . After Month Ending , They will initiate a Chargeback in Your Payments Bank with Total Due Amount & It will be deducted from your PayTM Payments Bank . Read Loan Agreement for all other information related to recovery .

 

FINAL WORDS :

 

Guys , In this post i have shared the method and Eligibility Criteria to become eligible for loan from Business With PayTM Application . I have also added all the required details in this post . Apart from this , If you have any Query you can ask my anytime in the comments section .

He is a passionate learner and have a deep understanding of affiliate marketing. If you are looking for leads for your digital product then he is the guy that gets the job done. He loves to help people with their technical queries on tech, finance and more.