Paytm launched its postpaid service last year that allows customers to buy products and pay later. The company is adding new features to this service and in June this year it has raised the loan limit to Rs. 1 lakh. The Paytm postpaid service also comes in three options such as Lite, Delight and Elite, which offers a credit limit based on the variant.
Now, the brand has introduced a new facility through which it now converts its expenses into equal monthly installments (EMIs). Known as the Paytm postpaid flexible EMI options, the company is aiming to help customers make purchases and payments in easy installments. Here you need to know about the latest EMI options of Paytm Postpaid.
The Bill EMI feature enables postpaid users to convert their total expenses to EMIs, which are payable with nominal interest rates. Several payment options such as UPI, debit card and net banking are already available to pay postpaid bills. Every month, users will be provided with a bill to track all their expenses through postpaid. The company says that users get a single bill to track all their expenses through postpaid. With the facility, one can convert postpaid bills to flexible EMI within the first 7 days of the bill.
Paytm says the postpaid service is available in a wide range of retail space, including groceries, milk, other essentials of the house from neighbourhood grocery stores, at popular retail destinations like Reliance Fresh, Haldiram, Apollo Pharmacy, Croma High value shopping is included. Shoppers stay among others.
The postpaid credit is available in three different slabs of the limit, namely Light, Delete and Elite. The postpaid light comes with a range of up to Rs. 20,000, and is a version designed for users without a credit score to get the convenience and benefits of instant credit. A discount of up to Rs. 1,00, 000 in monthly expenses and elite offer credit limit without any additional facility charges.
Paytm Postpaid is in the process of integrating with over 2 lakh Android POS devices to enable shoppers to purchase on credit and to benefit retailers across the country. The service is already available on Paytm for recharge and bill payments, online payments on the Internet app and for buying essential household items from grocery stores.