Postpaid Loan follows a billing cycle of 1 month. A single consolidated bill is generated on the 1st of the following month and payment is due by the 7th. Users can repay their bill at any time within this period by visiting the Postpaid Loan section of the app using UPI, Debit Card, or Net Banking. You can also pay your outstanding balance in advance at any time during the month.

You may have to pay a penalty depending on the due amount if the bill is not paid as per due date. The late fee can range from 0 to Rs. 750 plus GST and this will also have a negative impact on your credit score

There is no joining fee for activating Postpaid Loan. Our lender partners charge a nominal convenience fee of 0% to 3% depending on the risk policy, on monthly spends made using Paytm Postpaid. For payments on some categories the user may be charged an additional convenience fee / platform fee which is displayed at the time of transaction

If you start using Postpaid Loan then every month your payment history is shared with the bureau that helps build your credit profile. Timely repayments help improve your score and late payments may negatively impact your score.