Paytm – an mobile application for transferring funds has now ventured into the lending business an started a new service -Instant Personal Loan for salaried individuals, business owners & professionals. In a statement released by the company it said that it has partnered with various lenders, NBFCs and banks to process loans as it itself cannot do so and they aim to increase the credit limit of fresh individuals who have no history of credit and it will help in driving financial inclusion & raising economy.
Paytm to start Instant Personal Loan; enters Fintech market
