MUMBAI: The country's largest payments platform, PAYTM and private sector lender ICICI Bank, ICICI Bank offers short-term digital lending to non-interest payee users in this partnership. Within a maximum period of 45 days, a loan of Rs. 20,000 is offered. If the deposit exceeded 45 days, the bank will pay Rs. 50 fine. Similarly, the interest rate is 3 per cent per month. This offer will be available to PAYTM and ICICI Bank Common Customers. This offer will not be available to PAYTM Payments Bank or ICICI Bank Valet Package Customer and other Banks Valet Customers. The bank is offering this loan based on customer credit score. "This new offer instant credit is available to millions of PAYTM customers who want to get credit. The instant credit is available to pay for daily usage of films, air fare payments, "ICICI Bank and PAYTM said.
It was launched as PAYTM-ICICI Bank Post Paid. This is a digital credit account with instant activation. There is no need to go into any documentation or brands for this. This can be done only through online. No fees should be paid for transactions. PAYTM CEO and founder Shekhar Sharma said that customers will be very loyal to payments and they will be able to pay their daily payments immediately. Rs 3,000 to Rs 10,000 in the range of Rs. The loan is based on the repayment history of up to Rs. 20,000. It is currently available to ICICI Bank customers using the PAYTM app. Non-ICICI Bank customers who are using the PAYTM app will soon be available.
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