Paytm going to change Buy Now Pay Later service know updates here

An important update has come from Paytm for those who want a loan. The company has changed the loan rules. The company has also been providing personal loans under its Buy Now Pay Later (BNPL) service, in which changes have now been announced. So if you are also thinking of taking a personal loan from Paytm, then definitely read this news.

Paytm Buy Now Pay Later The company is going to make changes in the service. Under this, the company provides personal loan and merchant loan, but now Paytm will not provide small amount loan. BT’s Report According to him, the company is going to focus its service on big loans. This will include personal and merchant loans of large amounts. This decision of the company will affect millions of people.

When the loan service was started, the company used to give loans for small needs as well, which included daily bill payments, recharges, other small expenses. This service was started in the name of Paytm Postpaid. But now the company is going to stop small loans. Although this will not happen immediately, the company is talking about gradually shifting to a larger loan amount. That is, now Paytm will avoid giving loans of an amount less than 50 thousand.

About 70% of the company’s loans that were provided were for amounts less than 50 thousand. The reason for this is believed to be industry trends. Recently, the Reserve Bank of India had advised banks and non-banking financial companies (NBFCs) to avoid potentially risky transactions. Due to this, Paytm is also going to start a large-scale loan practice.

Paytm Online Gold Paytm is also providing the facility to buy gold online. To buy gold online from Paytm app, first you have to go to the search bar and type gold there. After that Paytm Gold option will open. Here you can also buy gold worth Rs 5. If you buy gold worth Rs 5, then you will have to pay Rs 5 and 3 percent GST.