What is Paytm Postpaid – Paytm Postpaid is a pre-approved credit service for Paytm Customers, similar to your credit card service. The only catch is that you can use this money for the services and purchases in Paytm – which included making recharges, bill payments, movie booking or shop on Paytm Mall.
Who Can avail Paytm Postpaid?
Currently, Paytm is offering this credit facility to selected customers.
In Paytm Postpaid, you get up to 45 days interest-free credit ranges from Rs 3,000 to Rs 10,000 and is extendable up to Rs 20,000 based on your repayment history.
The credit limit that you get depends on various factors such as your wallet balance, monthly spending, etc.
Paytm Postpaid has a default due date that is 7th of every month. A consolidated bill of your spending will be sent to you 15 days before your due date. There will be a late payment fee that will be included in the next bill cycle.
How to apply for Paytm Postpaid?
- First, you need to ensure that your KYC is complete and your Aadhar is verified in Paytm.
- Next, you need to go to your Profile menu there you will get the Postpaid option listed below.
- Once you click (Paytm Postpaid), you will get a form with your details. Cross check your details, such as your name, phone number, etc.
- Once you submit your application, Paytm Postpaid account will be activated within few minutes.
Final thoughts: All transactions in Paytm Postpaid will be reported to credit bureaus; hence any failure dues will impact your credit score negatively. And, this service is similar to your credit card – which gives you an opportunity to buy now and pay later.
But always remember, your spending should be in line with your budget. So use this service wisely.