MSMEs take note! Paytm is offering collateral-free loans of up to Rs 5 lakh at low interest rates
Digital financial services platform Paytm on Monday announced that it will provide MSMEs collateral-free loans of up to Rs 5,00,000 at a low-interest rate and unique daily EMI product customized for micro-merchants. In total, it looks to provide loans worth Rs 1000 crore by March 2021.
Paytm has over 50% market share in P2M segment and offers different digital payment methods. Source - Reuters.