Paytm and ICICI Bank Offer Short Term Credit Services: ICICI which is the banking and financial services company is headquartered in Mumbai. Here is the good news for all the customers of ICICI Bank. Now, ICICI Bank has teamed up with Paytm to offer short term credit. Also, after ICICI Bank and Paytm teams up, it provides interest free loans to its customers. The interest free loans and the small credit services will benefit the customers. Further, ICICI Bank limits the credit amount to the customers.
Paytm and ICICI Bank Offer Short Term Credit Services
A large number of people are buying products online. So, the credit facility will be useful for the customers. It is a great idea for ICICI and Paytm to offer services to the customers which are interest free. Credit amount will start from 3000 and it can be extended upto 20,000 based on the repayment of the amount by the customers. Customers can purchase any products with the amount which is available. For this, customers must have an account which is to be linked with Paytm. Paytm-ICICI Bank Postpaid is the account that must be opened in Paytm.
Customers need not produce any documents to open the account. An instant online activation of the account takes place and then, you can start using it. For the first 45 days, there will be no interest for the credit. After 45 days, the amount will attract three percent per month. Then, the bill is generated on the first day of the following month. Also, customers must make a repayment by 15th of the month. The repayment can be done either through the paytm wallet, debit card or internet banking or by any other mode of payment.
Paytm and ICICI Teams Up For Interest Free Loans
Buy Now Pay Later is the scheme that Paytm and ICICI bank has team up for the customers to avail credit facility. Now, the scheme is only applicable to ICICI Bank account holders only. But, in the coming days, the facility would also be applicable for the other bank users. Hope the day comes soon where all the other bank holders will also get interest free loans and the credit services. The loan repayment period is 45 days. By using the credit amount, customers can pay bills, flight tickets, and to puy any products. There is no transaction or the administration fee for having the account.
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