PayTm's annual loan disbursement rate reaches Rs 25,000 cr in July
The annual rate provides an estimate of a company's future revenue in a year based on the current quarterly or monthly performance.
Paytm Annual Loan Disbursement Rate: The annual loan disbursement rate of digital financial services company Paytm reached Rs 25,000 crore in July. The company had earlier said that its annual loan disbursement rate has crossed the Rs 24,000 crore mark in June 2022. The annual rate provides an estimate of a company's future revenue in a year based on the current quarterly or monthly performance.
Commenting on its operational performance for July 2022, Paytm said, “The loan disbursement business (in partnership with top lenders) is growing rapidly through our platform. Our annual rate in July is over Rs 25,000 crore." According to the company, the number of loans disbursed through the Paytm platform has increased four-fold to 29.46 lakh in July 2022. At the same time, the value of loans disbursed on an annual basis has increased to Rs 2,090 crore.