Paytm partners with Suryoday Small Finance Bank to provide easy loan facility

Paytm in order to strengthen MSMEs, have partnered with Suryoday Small Finance Bank which will grant easy and instant loans to its customers. The process is very simple, Merchants have to log in to Paytm for business app, choose for the loan offer and go through a short process. After completion, loan will be disbursed in their bank accounts. Paytm aims at providing 1 lakh loans in a span of 12 to 18 months. This process will be completely digital without requiring customers to personally visit the bank.

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