Does Paytm Postpaid Affect Credit Score

Paytm Postpaid can affect your credit score. Paytm Postpaid is a preapproved instant credit provided by Paytm’s NBFC Partners. This facility is available to make online/offline payments on over one crore merchants and websites. Users can receive an instant credit up to Rs. The credit is available for up to 30 days without interest. This credit can be used to pay bills, recharge, make purchases, etc.

Paytm Postpaid is a similar product to a credit card and will impact your credit score. Paying your Paytm bill on time can help you establish a good credit rating. This will allow you to get a good credit card and loan offers. Your credit score will be affected if you fail to pay your postpaid bills on time.

What is a credit score?

score indicates the creditworthiness of a person. Lenders will base their lending decisions on the credit score. You may be eligible for credit if you have a poor credit score. It will likely be at an unfavorable rate of interest with high terms.

Credit Score Analysis


A credit score above 750 is considered to be very good. This credit score will result in borrowers receiving preferential rates of interest and quick loan approval.

Does Paytm Postpaid defaulting affect credit score?

Paytm Postpaid works like a loan. Paytm will report your postpaid credit line to credit bureaus. If you fail to pay the loan, your credit score will be negatively affected.

These services should be used with caution. You will be tempted to buy impulsively, as it’s postpaid. Your credit score will be negatively affected.

What are the other consequences of Paytm postpaid default?

Late payment penalties:

Paytm charges late payment fees to its postpaid defaulters. It charges about Rs. Payment defaults can cost anywhere from 0 to up to 750, depending on the amount owed. Paytm creates a monthly bill that includes all transactions made by the Paytm Postpaid user for the month prior. The invoice must be paid before the 7th day of the month. You have 37 days to produce your account without incurring any interest.

Your account will be blocked.

If you fail to pay your Paytm Postpaid bill, you will have the account blocked until the amount is paid.

Criteria for Paytm Postpaid

Paytm Postpaid does not require a credit rating or proof of employment. Paytm’s risk policy will determine whether your loan is approved.

  • Users must have a valid number of PAN
  • The applicant must be an Indian citizen
  • The applicant must be or older than 20 years
  • It would be best if you verified your KYC online by using the Aadhaar numbers.

How to apply for Paytm postpaid?

Step 1. Click the Postpaid icon on your homepage

Step 2. Enter details such as date of birth, PAN number, and email address.

Step 3 Check the box to give your consent to access your credit report

Step 5: It will only take you a few moments to find the best offer for you.

Step 6: The offer is generated using a credit limit or loan amount

Step 6: Click on a selfie for the final KYC check.

Step 7 Verify your Aadhaar using the OTP you received on your mobile.

Step 8: Confirm your details and activate your postpaid account.

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