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ICICI Bank to Offer Instant Credit to Paytm Users

November 17, 2017

ICICI Bank to Offer Instant Credit to Paytm Users

Private sector ICICI bank is planning to offer instant credit up to Rs. 20,000 to its customers through mobile wallet company Paytm.

The lender said that for the first 45 days the customer won’t have to pay any fee. However, after this period they will have to pay Rs. 50 as fine along with a 3% interest.

The bank also said that there is no cap on the credit that a customer can apply for. However, the Rs. 20,000 limit is only on the outstanding amount on the postpaid card offered under the ICICI-Paytm partnership.

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