Paytm has partnered with Piramal Capital & Housing Finance Limited(PCHFL) for expanding the distribution of merchant loans to the small cities and towns of India.
- Merchants can avail loans of up to Rs. 10 lakh with a tenure of 6 months to 24 months.
Process to avail loan:
i.Merchants can avail loan by tapping the ‘Business Loan’ icon on the Paytm for Business App home screen.
ii.Merchants can give consent to give Know Your Customer (KYC) details from the CKYC to complete the loan application process after selecting the loan amount, total payable, daily instalment and tenure.
iii.Personal details like Permanent Account Number (PAN), date of birth, email address will be confirmed and later credit score will be checked for loan eligibility and KYC details will be verified.
iv.After the verification process, the loan amount will be disbursed instantly to the merchant account.
About Piramal Capital & Housing Finance Limited(PCHFL):
Piramal Capital & Housing Finance Limited, (formerly known as Dewan Housing Finance Corporation Limited), a wholly owned subsidiary of Piramal Enterprises Limited and is registered as a housing finance company with National Housing Bank (NHB) and engaged in various financial services businesses.
Managing Director – Jairam Sridharan
Headquarters – Mumbai, Maharashtra