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The Bank Is Giving Loans For 45 Days Without Interest
ICICI Bank, which is providing the largest lending of the private sector, is going to provide non-interest free loan facility with Paytm. If you are a customer of ICICI Bank and purchase a loan of up to 20 rupees with a loan using Paytm, you will not have to pay any interest for 45 days. If the bank does not return the money after 45 days, then the customer will have to pay the sum of 50 rupees with fee and 3% interest.
The digital credit account of Paytm-ICICI Bank Postpad will be activated immediately and the bank claims that if necessary, the customer will be transferred immediately.
You can take a loan up to Rs 20000 at a time and you can reuse it once again for a loan payment. ICICI Bank executive director said, there is no limit on how often the loan can be taken. But the amount of this loan amount is determined. Bagchi said that this scheme is currently for account holders of ICICI Bank, but if it is successful, then it can be increased for other banks’ customers.
There is no need to go to any documentation or bank branch for the Paytm-ICICI bank postpad. This works as a private credit card and will have immediate effect on a credit score.
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