Paytm is a UPI payment application that is known for its various features, like digital payments and financial services. Through its application, Paytm provides various types of loan facilities, like personal loans, business loans, Paytm merchant loans, etc., to people, along with the facility of easy online payment. Among all these facilities, the most beneficial and convenient facility by Paytm to the people is the Paytm Postpaid Loan Facility. In which people are given loan facilities ranging from ₹ 1000 to more than ₹ 60000. Whose charges are absolutely low or nil? The money received in Paytm Postpaid can be used by the user for online payments, recharges, bill payments, shopping, etc.
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After this, the customer can repay the amount used for the Paytm Postpaid Loan within a month. Which is the most convenient way for people? Because the bill for the money used in Paytm Postpaid Loan is generated on the 1st of every month, the repayment can be done between the 1st and 7th of every month. The civil score also remains good on a one-time payment, but if the bill remains due, you have to pay some charges imposed by Paytm, and this has a negative effect on the civil score.
Till December 2023, people did not face any problems using Paytm postpaid loans. Users could use the spend limit available in postpaid loans for online money transfers, recharges, bill payments, shopping (Flipkart and Amazon), etc. without any interruption. But as of December 2023, people are facing a lot of trouble using Paytm postpaid money. Because people are not able to use Paytm Postpaid for online payments, recharges, bill payments, etc. Because before December, whenever people used to make payments, they used to get the option of Paytm Postpaid, in which payment could be made by clicking. And that money was deducted from Paytm Postpaid. But now people are not getting the option of a Paytm Postpaid Loan in the payment process at Paytm. Because of this, people's money is stuck in postpaid accounts.
Why Paytm Postpaid option not showing in payment process?
The option of Paytm Postpaid Loan is not showing in payment processing because, according to the press release issued by Paytm on December 6, 2023, Paytm gives more priority to loans above ₹ 50000, including personal loans, business loans, merchant loans, etc. That is why he is not paying attention to small loans, and that is why the option of a postpaid loan is not visible to the people. Because Paytm is gradually expanding its loan facilities, the option of Paytm Postpaid Loan has been removed everywhere.
In the press release issued by Paytm on December 6, 2023, some changes regarding Paytm postpaid have been mentioned. In this press release, the reason behind the removal of the postpaid loan payment option from everywhere is that Paytm will pay less attention to postpaid loans less than Rs 50k. Which directly means that postpaid facilities will remain on Paytm, but now through Paytm, it will not see as much growth as was seen earlier. In contrast, Paytm will focus more on personal loans, high-ticket personal loans, merchant loans, high-ticket merchant loans, business loans, etc.
| Paytm official Press release |
|---|
| Press release date: 06 December, 2023 |
| Press release title: Update On Loan Distribution Business |
| Download official press release: Click here |
How to use Paytm Postpaid Loan limit now?
Before Paytm's guidelines, Paytm Postpaid could be easily used for mobile recharge, bill payment, and online money transfer. But still, some people are getting the option of a postpaid loan so that they are able to use it easily. But gradually, this option will be removed from all those people as well. But even after this, you can use the Paytm Postpaid Loan limit at many places, like Rent Payment, Flight Ticket Booking, Paytm Online Shopping (ONDC), Movie Ticket Booking, etc. You can use postpaid at all these places only through Paytm.
Paytm Travel: This is an online ticket booking facility run by Paytm, in which you can do flight ticket booking, bus ticket booking, train ticket booking, hotel booking, etc. online. In Paytm Travel, there is an option to use Paytm Postpaid Loan in the payment processing of ticket bookings.
Paytm ONDC: In this online e-commerce store of Paytm, you can buy different types of shopping products like beauty, health, fashion, groceries, electronics (bluetooth speakers, etc.), etc.And in this also, the option of Paytm Postpaid Loan remains enabled.
Apart from this, you can also use Paytm Postpaid at many offline stores like Reliance Digital, PVR Cinemas, Inox, Croma, PVR Cinemas, Domino's Pizza, etc., for which payment has to be done by scanning the QR code.
How to withdraw Paytm Postpaid Money to bank account?
Before December 2023, Paytm Postpaid money could be easily withdrawn into the bank account. which you could send payment to your friends or family through UPI or bank transfer from your postpaid. But now this cannot be done directly due to Paytm guidelines. But you can easily withdraw the money from Paytm Postpaid Loan, for which you will have to follow the following process:
Step 1: First of all, you have to click on the Paytm Postpaid option in your Paytm application. On clicking, you will see your postpaid limit.
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Step 2: Below you will see some options like flight tickets, ONDC, rent payments, movie tickets, etc. In this, you have to click on the option of rent payment.
Step 3: After clicking, you will see some options like house rent, shop rent, broker payment, and society maintenance in "Make a new rent payment." After this, you have to choose any one option.
Step 4: After clicking, you have to enter the details of your friend, family member, or any trusted person, like the bank account number, IFSC code, bank name, account holder name, etc.
Note: There is also an option to upload an agreement file, which is optional. Which you can also leave.
Step 5: After this, you have to enter the amount and make the payment. Its advantage is that you get the postpaid option while making payment, by clicking on which you can withdraw the money from your Paytm Postpaid Loan. Apart from bank details, payments can also be withdrawn from the UPI ID.
Note: In this way, you can do transactions only above Rs 2000. That means if your postpaid limit is less than ₹2000, then you cannot withdraw money to your bank account, but if the limit is more than ₹2000, then you can easily withdraw the money from Paytm Postpaid to your bank account.
Paytm Postpaid is a great loan facility because you can easily take the loan by fulfilling the eligibility criteria of Paytm with an Aadhaar and PAN card. In this case, the initial postpaid credit limit depends on your credit score and your Paytm payment activity. If your credit score is good, then its limit can range from ₹ 1000 to ₹ 60,000. Which can also increase with timely loan repayment.
