PAYTM GIVING LOAN TO ITS MERCHANT ACCOUNT HOLDER

PAYTM GIVING LOAN TO ITS MERCHANT ACCOUNT HOLDER

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Deal Subedar
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https://cdn0.desidime.com/attachments/photos/606579/original/Screenshot_20200227-172407.png?1582804541I got 10000 rs limit .

14 Comments  |  
10 Dimers
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Deal Subedar
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it is 11.834 % rate of interest.
Net amount paid will be Rs. 11,183.4

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Deal Subedar
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vickyVicky wrote:

it is 11.834 % rate of interest.
Net amount paid will be Rs. 11,183.4

It’s more then that as we are also paying daily

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Deal Cadet
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Payment is daily, it comes to appx 46%

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Critic
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popeyethedimer wrote:

It’s more then that as we are also paying daily

There are also few tricky hidden terms and conditions. Don’t be surprised if it turns out more than 50% in the end

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Deal Cadet
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time for paytm to loot merchants

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Deal Cadet
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Add 5% extra for paytm balance withdrawal pensive

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Deal Cadet
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SleeperRAW wrote:

23.668% ROI

THIS REDUCING RATE IS CHEAPEST financing for small works
let me tell you when there poor pals need money they are being looted by grooms aka money lenders who charged interest as high as 60 to 80%
i have personal experience regarding this

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Deal Cadet
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go to any whole sale market this blood suckers ( aka kisan ke naam pe haram ki khane wale ) Adatis
give 10000 loan to poor retailers and take 5000X3 =15000 that rs 5000 interest on rs 10000 just for 3 months
interest rate goes far away from 100%

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Deal Subedar
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meragoyou153 wrote:

go to any whole sale market this blood suckers ( aka kisan ke naam pe haram ki khane wale ) Adatis
give 10000 loan to poor retailers and take 5000X3 =15000 that rs 5000 interest on rs 10000 just for 3 months
interest rate goes far away from 100%

Bro many shopkeeper takes money on daily basis same like paytm scheme and in end they give 20-30% extra like if they had taken 10000 in end total they will pay 12k to 13k even they pay daily like 100 or 200 as per the loan amount

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Deal Cadet
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vickyVicky wrote:

it is 11.834 % rate of interest.
Net amount paid will be Rs. 11,183.4

it is 46% interest rate on daily reducing balance

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