Paytm review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Paytm pairs a free cashback credit card with brokering personal loans, so it suits Indian households already paying through the app. The card's annual fee is INR 0, spending earns Up to 3% cashback on Paytm spends, and loan money can arrive within minutes.
Key facts
- Best for
- Paytm users who want a free card with cashback plus a fast personal loan.
- Annual fee
- ₹0↗
- APR
- 45%↗
- Currency conversion fee
- 3.49%↗
- Rewards type
- Cashback↗
- Rewards rate
- Up to 3% cashback on Paytm spends↗
- Credit needed
- Fair↗
- Perks
- Paytm First membership, Fuel surcharge waiver, Free add-on cards↗
- Cashback rate
- 3%↗
- Card kind
- Credit↗
- Legal entity
- One 97 Communications Ltd↗
- Headquarters
- India↗
- Founded
- 2009↗
- Support channels
- Help-centre↗
- Pricing model
- No annual fee
- Features
- Rewards
- Official website
- paytm.com
Loans
- Loan amount
- ₹5,000 to ₹1,500,000↗
- Term
- 3 to 84 months↗
- Arrangement fee
- 0% - 3% of loan amount, one-time charge at loan disbursement; 18% GST on processing fee↗
- Credit check
- Soft prequal↗
- Funding time
- Usually within 2 minutes of approval, 24x7↗
- Lender type
- Broker↗
- Free early repayment
- Yes↗
- Eligibility
- Ages 18 to 65 at loan maturity; Indian citizens residing in India; salaried, self-employed, business owners and freelancers; recommended minimum CIBIL score 600; active Paytm account↗
- Origination fee (%)
- 0% to 3%↗
- Loan types
- Personal, Credit-line, Secured, Business↗
- Use cases
- Home-improvement↗
Pros and cons
Pros
- The credit card charges an annual fee of INR 0 and pays Up to 3% cashback on Paytm spends on spending.
- Perks listed with the card include Paytm First membership, fuel surcharge waiver and free add on cards.
- Loan disbursement is quick: Usually within 2 minutes of approval, 24x7.
- The lending side works as a broker across personal, credit line and secured.
Cons
- The card's 45% ranks 128 of 138 brands compared, so revolving a balance costs more here than most.
- Currency conversion at 3.49% ranks 172 of 186 brands compared, which is poor for overseas use.
- Support runs on help centre only, so card and loan questions go through the help centre.
Who it suits
- Households in India that keep an active Paytm account and want cashback on everyday app spending.
- Borrowers after a quick decision on a soft prequal credit check, from salaried staff to freelancers.
- Anyone planning home improvement work who expects to clear a loan before the term ends.
Who should look elsewhere
- Spenders who pay in other currencies, since conversion costs 3.49% where Wise is the comparison to make.
- Readers in Europe wanting a euro account, since bunq lists an annual fee of €0 on its personal plans while Paytm eligibility covers Indian citizens residing in India.
- Anyone after a deposit backed card, where the Varo Believe Secured Credit Card lists an annual fee of $0.
How Paytm compares
- 8.6 vs 8.6
8.6 vs 9.4
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Where Paytm is available
- Available
- India
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
Does the Paytm credit card charge an annual fee?+
No annual fee applies to hold the card. It is listed with an annual fee of INR 0 and a no annual fee model, so there is no yearly charge. Spending earns Up to 3% cashback on Paytm spends, and the listed perks add Paytm First membership, fuel surcharge waiver and free add on cards on top.
What rate do I pay if I carry a balance on the card?+
The card's 45% is the headline borrowing rate, so carrying a balance from month to month is the expensive way to use it. Clearing the amount in full each cycle and taking the cashback keeps the cost of the card low.
What does the card charge on foreign currency spend?+
Currency conversion on the card costs 3.49%, so overseas purchases and card use in another currency add up quickly across a few trips. A card built mainly for multi currency spending suits readers who hold or pay in other currencies.
How are the card rewards paid?+
Rewards come back as cashback rather than points or miles, with a rate of 3% and Up to 3% cashback on Paytm spends on the card. The reward type is listed as cashback, and the rate is tied to Paytm spends rather than to every merchant category.
How much can I borrow through Paytm?+
Personal loans run from INR 5,000 to INR 1,500,000 over a term of 3 to 84. The lender kind is listed as broker, and the loan types listed cover personal, credit line and secured. Approval runs a soft prequal credit check and asks for a fair credit profile.
How quickly is money paid out after approval?+
Disbursement is quick once a loan is approved: Usually within 2 minutes of approval, 24x7. Applications and account management run on Paytm Money Android, Paytm Money iOS and Paytm Money Web, which suits a planned expense such as home work rather than a last minute emergency.
Can I repay a Paytm loan early without a charge?+
Yes, early repayment carries no charge on the personal loans listed, so a borrower can close the loan before the term of 3 to 84 ends without a penalty. An arrangement fee of 0% to 3% of the amount still applies at disbursement, with tax on the processing fee.
How do I get help with the card or the loan?+
Support runs on help centre, so questions go through the help centre rather than a phone line. The group behind the account is One 97 Communications Ltd, based in India, and the card, the loans and the broking side all sit under that company.
Does Paytm cover investing as well as lending?+
The same group runs broking across stocks, etfs and options. Equity trades carry a INR 0 stock trade fee, the account fee is INR 0, and an options contract costs INR 10, so borrowing and markets sit in one account.
Sources
- bankcliq.com/credit-card/paytm-hdfc-bank-credit-card checked September 26, 2026
Backs: Currency conversion fee
“Paytm HDFC Bank Credit Card - Forex Charges: 3.49% of the transaction value”
- paytm.com checked September 26, 2026
Backs: Loan types
“Loans & Credit cards: Personal Loan, Loan against gold, Loan against Mutual Funds, Paytm Postpaid; Business Lending: Merchant Loan, Business Loan”
- paytm.com checked September 26, 2026
Backs: Markets
“Stocks, Mutual Funds, F&O, ETF, IPO on Paytm Money”
- paytm.com/about-us checked September 26, 2026
Backs: Founded
“2009 - Paytm Launched”
- paytm.com/blog/credit-card/paytm-au-credit-card-features-... checked September 26, 2026
Backs: Support channels
“Paytm Help”
- paytm.com/contact-us checked September 26, 2026
Backs: Headquarters, Legal entity
“Corporate Headquarters One 97 Communications Ltd, One Skymark, Tower-D, Sector-98, Noida-201304, Phone: +91-120-4770770”
- paytm.com/loans-credit-cards/credit-cards/paytm-hdfc-bank... checked September 26, 2026
Backs: Annual fee, Card kind, Cashback rate, Features, Pricing model, Perks, Rewards rate, Rewards type
“Zero Annual Fee - Monthly Fee of Rs 49 waived off on spends of Rs 5,000 every month - Paytm HDFC Bank Credit Card”
- paytm.com/loans-credit-cards/personal-loan checked September 26, 2026
Backs: Loan amount, Credit check, Credit needed, Eligibility, Free early repayment, Funding time, Lender type, Arrangement fee, Origination fee (%), Term, Use cases
“Select your desired loan amount (₹5,000 to ₹15 Lakhs) and pick a repayment tenure (3 to 84 months)”
- chittorgarh.com/brokerage_charges/paytm-money/175 checked September 26, 2026
Backs: Account fee, Options contract fee, Platforms, Stock trade fee
“Demat AMC of Free”
- paisabazaar.com/hdfc-bank/paytm-hdfc-bank-credit-card checked September 26, 2026
Backs: APR
“Paytm HDFC Bank Credit Card Fees and Charges - Finance Charges 3.75% p.m. / 45% p.a.”
Compiled from 10 source pages, checked September 26, 2026. We did not open an account.
Paytm
Paytm users who want a free card with cashback plus a fast personal loan.