Paytm launched ‘Postpaid Mini’ to provide small-ticket instant loans

Paytm launched the Postpaid Mini, small ticket loans that will give users flexibility to access loans ranging from Rs 250 – Rs 1,000, in partnership with Aditya Birla Finance Ltd.

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The product is an extension of its Buy Now, Pay Later service, driving affordability amongst those new to credit.

These small ticket instant loans will give flexibility to users and also help manage their household expenses to maintain liquidity during the ongoing Coronavirus (Covid-19) pandemic.

With this service, Paytm Postpaid is offering a period of up to 30 days for repayment of loans at 0 per cent interest. There are no annual fees or activation charges, only a minimal convenience fee.