Paytm has introduced a new version of its feature payment option- Paytm Postpaid in partnership with two NBFC. Paytm is India’s leading mobile platform. Paytm Postpaid is the features by which we can buy something’s now and Pay it later. Due to some problem Paytm had closed it postpaid services which was launched in 2019 with partnership with ICICI Bank. We will Review its features and Charges in below.
Paytm has introduced three variants of its postpaid service – Lite, Delite and Elite, which will be offered to users based on the company’s partner-NBFC’s assessment.
Paytm Postpaid Edition
Postpaid Lite Comes with limits of Up to Rs.20, 000/- and also a convenience charges with 0 to 4%. Postpaid Lite may be given to customer with little or NO credit Score.Even if you have no credit score, you can apply Paytm Postpaid Lite. Generally CIBIL Score from 0-700 are eligible for Paytm Postpaid Lite.
Postpaid Delite and Elite
Postpaid Delite and Elite comes with credit limit from Rs. 20000/- to 1, 00,000/- in monthly spends with no convenience charges.
‘Normally CIBIL Score from 700 to 900 are eligible for Paytm Postpaid Delite and Elite.
Paytm Postpaid Features
Paytm is offering the postpaid service in partnership with two NBFCs. The increase in the credit limit will allow customers to make payments for high-value items like furniture and consumer electronics.
|Edition||Postpaid Lite||Postpaid Delite and Elite|
|Credit Limit||Rs. 20000/-||Rs. 2000 to 1,00,000/-|
|Payment Date||7th of every month||7th of every month|
Pro Tip: You can also access passbooks to analyze monthly spends to plan everyday expenses.
Benefits of Paytm Postpaid Over Credit Cards
- No Document is required
- 0% Interest Rate.
- You will get better Rewards.
- Exclusive offers for Paytm Postpaid users on movies, bill payments.
Where to use Paytm Postpaid
Paytm Postpaid can be availed to buy groceries, milk, and other home essentials from neighbourhood Kirana stores and also at popular retail destinations such as Reliance Fresh, Haldiram, Apollo Pharmacy, Croma, Shoppers Stop among others.
Additionally it can be used for various bill payments facilities available on Paytm, shopping on Paytm Mall, and online payments at internet apps such as Domino’s, Tata Sky, Pepperfry, HungerBox, Patanjali, Spencer.
How to apply Paytm Postpaid
Paytm Postpaid service is offered in partnership with two NBFCs with an instant credit line for various payments to Paytm app users. Here is details how to apply Paytm Postpaid with limit of Rs. 1, 00,000/-.
- Login to Paytm Account
- Go to Postpaid icon in the Financial Services section
- Apply for Postpaid services and give all KYC details and Paytm will tell you Credit limit after completion of their online KYC with our partner NBFC.
- Please Refer T & C of Paytm.-
Paytm Pospaid is certainly a good option for Low credit score person or who has no credit card . Paytm Rewwards voucher is not good to avail. So if you have no Credit card then you use Paytm Postpaid issued by Paytm otherwise its wise to use credit card for all expenses for the sake of rewards points on credit card.