Paytm Postpaid Flexible EMI Options with Nominal Interest Rates Launched In India

Paytm Postpaid offers a credit limit of up to Rs. 1 lakh


Paytm introduced its Postpaid service last year that allows customers to buy products and pay later. The company has been adding new features to this service and in June this year, it increased the credit limit to up to Rs 1 lakh. The Paytm Postpaid service also comes in three options namely Lite, Delite and Elite, which offers credit limit depending upon the variant.

Now, the brand has introduced a new feature through which one now convert their spends into Equated Monthly Installments (EMIs). Known as Paytm Postpaid flexible EMI options, the company is aiming to help customers to make a purchase and pay later in easy instalments. Here’s what you need to know about the latest EMI options for Paytm Postpaid.

Paytm Postpaid flexible EMI options details

Paytm has introduced a new Bill EMI feature that enables Postpaid users to convert their spends into EMIs. However, the company will charge nominal interest rates on the EMIs. Moreover, one can pay the EMIs with various options like UPI, Debit card, and net banking. The company says that users get a single bill to track all their spends through Postpaid. With the feature, one can convert Postpaid bill into flexible EMIs within the first 7 days of the bill.

Paytm Postpaid features

The brand says that customers can avail pay later facility for a wide range of products and services. The service is available at more than 5 lakh plus shops and websites. Paytm Postpaid offers a credit limit of up to Rs 1 lakh, which can increase with timely repayments. The company is offering this service in partnership with two leading NBFCs. The company says that Paytm Postpaid can be used for daily purchases of groceries, milk, and other home essentials from neighbourhood Kirana stores. Postpaid services can be accessed across a large cross-section of the retail space.

Additionally, Postpaid service is available with various bill payments facilities on Paytm and on different apps. The list includes Uber, Myntra, Lenskart, Gaana, Pepperfry, HungerBox, Patanjali, Spencer’s and more. Postpaid is available in three different slabs of the credit limit, namely Lite, Delite and Elite. Postpaid Lite comes with a limit of up to Rs. 20,000. Anyone without a credit score can avail this variant. Moving on, Delite and Elite offer credit limit up to Rs. 1,00,000 in monthly spends with no additional convenience charges.

Bhavesh Gupta, CEO – Paytm Lending said, “Our postpaid service has emerged as an important payment option for our fellow citizens, especially during the festive season. We are humbled to see that our service is already being availed by over 7 million users, and we are on the way to cross the milestone of 15 million users by the end of the current financial year. We stay committed to expanding our partnership with all kinds of business segments across the country and offering a transparent and flexible payment option to our users.”