Postpaid Loan 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. They can use this credit to make purchases, bill payments, recharges, bookings, etc at 1.5 Crore + websites & outlets and repay next month.

Postpaid Loan is available to all Paytm users and does not mandatorily require an existing credit score or proof of employment. Approval of Postpaid Loan 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.

Step 1: Click on Postpaid Icon on the Homepage
Step 2: Fill in your few details – PAN number, Date of Birth & Email address. Tick the checkbox to provide your consent to fetch your Credit Report
Step 3: Wait for a few seconds to generate the best offer for you
Step 4: Offer is generated with credit/loan limit
Step 5: Take a selfie to complete KYC check
Step 6: Aadhaar Verification with OTP
Step 7: Confirm your details & Activate Postpaid

You can check a detailed video on How to Activate Postpaid Loan here.

Any information shared by the user with Paytm is kept secure and private. This information is only used to assess the eligibility for the Postpaid facility provided by our NBFC partners.

Postpaid Loan 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 Postpaid Loan 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.

You may have to pay a penalty depending on the due amount if the bill is not paid as per due date. The late fee can range from 0 to Rs. 750 plus GST and this will also have a negative impact on your credit score

There is no joining fee for activating Postpaid Loan. Our lender partners charge a nominal convenience fee of 0% to 3% depending on the risk policy, on monthly spends made using Paytm Postpaid. For payments on some categories the user may be charged an additional convenience fee / platform fee which is displayed at the time of transaction

If you start using Postpaid Loan then every month your payment history is shared with the bureau that helps build your credit profile. Timely repayments help improve your score and late payments may negatively impact your score.