PAYTM MERCHANT LOAN

PAYTM MERCHANT LOAN

95°
Download
Deal Cadet
61
103
3

http://www.business.pay...om
Paytm has started loan service for paytm merchant accounts, check yours
Src- emailhttps://cdn0.desidime.com/attachments/photos/565161/original/IMG_20190511_135535.jpg?1557563256

  • Expired 2 months
24 Comments  |  
9 Dimers
Cropped240179392
Deal Subedar
814
1527
26
Casanjaysingh wrote:

18.25 intrest rate

Aur jyada hai bhai…daily pay karna hai overal. Bahut jyada

Download
Deal Cadet
61
103
3
Expand
piyu.kev wrote:

Aur jyada hai bhai…daily pay karna hai overal. Bahut jyada

Bro, but small merchants may still benefit because banks don’t risk to loan them, thus as per the risk I think it’s fair

Cropped240179392
Deal Subedar
814
1527
26
Expand
bablu_XObar wrote:

Bro, but small merchants may still benefit because banks don’t risk to loan them, thus as per the risk I think it’s fair

Koi ni paytm khud hi dedeta hai itna to ki intrest free ho jae smile smile smile smile

Jim moriarty
Deal Cadet
51
170
3

Guys it’s whopping 36% interest rate pa.
It’s better to take a personal loan from a bank rather than this.
Please do not fall for this.

Download
Deal Cadet
61
103
3
moriarty wrote:

Guys it’s whopping 36% interest rate pa.
It’s better to take a personal loan from a bank rather than this.
Please do not fall for this.

How is it 36%

Missing
Deal Cadet
70
263
4
Expand
bablu_XObar wrote:

How is it 36%

If they charge flat 18% then it comes 36% on reducing basis. And in any bank personal loan max 18% on reducing basis means 9% per annum flat rate of interest. So better keep away from paytm.

Jim moriarty
Deal Cadet
51
170
3
Expand
bablu_XObar wrote:

How is it 36%

It is because you are paying the installments daily.

In each installment, there are two components i.e. Interest Component and Principal component.

With each installment paid, you are also reducing your principal component so effectively you are paying more interest on your remaining principal.

This can be better understood by the Amortization schedule.

Just Google/YouTube ‘Amortization Schedule’ and you’ll understand the concept.

Missing
Deal Lieutenant
277
5172
76
Expand
moriarty wrote:

It is because you are paying the installments daily.

In each installment, there are two components i.e. Interest Component and Principal component.

With each installment paid, you are also reducing your principal component so effectively you are paying more interest on your remaining principal.

This can be better understood by the Amortization schedule.

Just Google/YouTube ‘Amortization Schedule’ and you’ll understand the concept.

Many won’t research all that and make their calculations stuck_out_tongue

This link works easily for those who want to verify that you were correct.

https://emicalculator.site/loan-rate-calculato....

Go to more calculators and choose Loan Interest Rate Calculator

Jim moriarty
Deal Cadet
51
170
3
Expand
rsai01 wrote:

Many won’t research all that and make their calculations stuck_out_tongue

This link works easily for those who want to verify that you were correct.

https://emicalculator.site/loan-rate-calculato....

Go to more calculators and choose Loan Interest Rate Calculator

Yes this Calc will help.
I just posted complete details just in case anyone wants to be diligent.

Download
Deal Cadet
61
103
3
Expand
moriarty wrote:

It is because you are paying the installments daily.

In each installment, there are two components i.e. Interest Component and Principal component.

With each installment paid, you are also reducing your principal component so effectively you are paying more interest on your remaining principal.

This can be better understood by the Amortization schedule.

Just Google/YouTube ‘Amortization Schedule’ and you’ll understand the concept.

Thanks bro smile raised_hands

Cropped240179392
Deal Subedar
814
1527
26

Good for me.. as m doing daily collection business smile smile smile smile

Missing