Paytail - Buy on easy EMIs 7.3.3

Paytail - Buy on easy EMIs 7.3.3

Paytail Commerce Private Limited – Freeware – Android
Latest Version
7.3.3
Safe to install

Paytail is a rapidly expanding finance-led commerce platform in India. With this application, users can conveniently shop at nearby merchant stores while enjoying attractive EMI options and cashback offers.

Interested in financing your purchases? Paytail EMI is here to help.

Qualified members are provided with instant loans through Paytail EMI, which acts as an instant line of credit offered in partnership with Paytail's lending institutions. This credit is specifically designed for shopping purposes.

The loan amount varies from a minimum of Rs. 3,000/- to a maximum of Rs. 5,00,000/-. The loan tenure can range from 3 to 18 months.

The interest rate for the loan starts at 18% per annum* and can go up to a maximum of 25% per annum*. Please note that interest rates may vary depending on the user's profile.

Paytail's NBFC partner is the esteemed Cholamandalam Investment and Finance Company Limited.

For a better understanding of the loan cost, take this example:

  • If a consumer borrows a loan of ₹1,00,000 for a tenure of 1 year with an interest rate of 18% per annum*:
    • Applicable fee: ₹0
    • Monthly payment (EMI): INR 9168/-
    • Total interest payable for the tenure of 1 year: INR 10,016/-
    • Total cost of the loan (incl. interest): INR 1,10,016/-

Please feel free to reach out to us at [email protected] for any concerns or alternatively raise a support ticket from within the app. Our dedicated team is committed to resolving all your concerns as soon as possible.

Overview

Paytail - Buy on easy EMIs is a Freeware software in the category Business developed by Paytail Commerce Private Limited.

The latest version of Paytail - Buy on easy EMIs is 7.3.3, released on 11/01/2023. It was initially added to our database on 11/01/2023.

Paytail - Buy on easy EMIs runs on the following operating systems: Android.

Paytail - Buy on easy EMIs has not been rated by our users yet.

FAQ

What is Paytail?

Paytail is a financing solution that allows consumers to purchase products on easy Equated Monthly Installments (EMIs).

How do I apply for a Paytail EMI plan?

You can apply for a Paytail EMI plan during the checkout process on participating e-commerce websites or through the Paytail app.

What documents do I need to provide for obtaining an EMI?

Typically, you will need to provide identification proof, address proof, and income proof. The exact requirements may vary.

Is there an eligibility criteria for applying for Paytail EMIs?

Yes, you must meet certain eligibility criteria regarding credit score, income levels, and age. Specific requirements can vary based on the lender.

What is the minimum and maximum loan amount I can avail through Paytail?

The minimum loan amount can start as low as INR 3,000, while the maximum can go up to INR 1,00,000, depending on your eligibility.

Can I use Paytail for any product purchase?

Paytail can be used for a variety of products available on participating merchants' websites. However, not all products may be eligible.

What are the interest rates associated with Paytail EMIs?

Interest rates vary based on your credit profile, loan amount, and tenure. They generally range from 0% to upwards of 36% per annum.

How long does it take to get approval for an EMI?

Approval times may vary but most applications are processed within minutes to a few hours.

Can I prepay my EMI loan? Are there any penalties?

Yes, you can typically prepay your loan. However, some lenders may charge a prepayment penalty, so it's best to review the terms carefully.

Who can I contact for customer support regarding my Paytail loan?

You can reach out to Paytail's customer support through their official website or by calling their helpline. They provide assistance for all queries related to your loans.

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