PaySense Laptop Loan

In today's digitally driven world, owning a reliable laptop is essential for smooth workflow,education, and personal tasks. But a good laptop with the latest software and hardware usually comes with a heavy price tag. A PaySense personal loan for a laptop is an easy financial option that enables people to get the newest technology without having to pay large upfront expenditures.

PaySense laptop loans have a simple application process and various repayment options. You can buy your dream laptop on EMI without worrying about the huge expense.

PaySense Laptop Loan Highlights

Before getting into the details of PaySense Laptop Loan, let’s quickly go through the loan highlights from below:

Employment Salaried or Self Employed
Interest Rate 1.4% to 2.3% per month
Loan amount ₹5,000 to ₹5 Lakhs
Tenure 3 months - 5 years

Buy Latest Laptop with a PaySense Laptop Loan

PaySense laptop loan makes it possible for you to finally own the laptop of your choice. Get your laptop on EMI with PaySense laptop loan that offers affordable rates, flexible repayment options, and an easy application process.

You can quickly apply for a PaySense Laptop loan through their office website or app. You can also apply for a PaySense instant loan in a few seconds via Buddy Loan.

PaySense Laptop Loan Interest Rate & Charges

PaySense streamlines your loan experience by providing competitive interest rates within easy reach. PaySense provides pocket-friendly interest rates, flexible repayment options, fast approval, and immediate disbursement.

To explore the interest rates and associated fees for PaySense's Instant Loan for laptop, please refer to the table below.

PaySense Loan Interest Rate 16.8% - 27.6% p.a
Processing fee 3% of loan amount + GST

Eligibility Criteria for PaySense Laptop Loan

PaySense aims to ease the stress of making hefty purchases. It ensures a seamless loan experience for its valued customers. Get to know the eligibility criteria of PaySense personal loan for buying a laptop from the table below.

Age 21- 60 Years old
Salaried employee ₹15,000 Min. Monthly Salary
Self-employed ₹18,000 Min. Monthly Salary

Document Required to Get a Laptop Loan with PaySense

You must submit a few documents that will simplify the loan application process in order to apply for an instant loan with PaySense to buy a laptop on EMI. The documents are required to prove your identity, source of income, and ability to repay. The following paperwork is required in order to apply for a PaySense laptop loan:

Identity Proof Govt approved photo ID like Aadhaar card, PAN Card
Address Proof Voter ID, Passport, Aadhaar Card, Driving License
Income Proof Last 3 months pay slips

PaySense Laptop Loan EMI Calculation

You can make an informed choice about your PaySense loan by calculating the EMI and planning your finances accordingly. Use the EMI calculator below and buy your dream laptop on EMI!

Monthly EMI 86
Principal Amount 1,000
Total Interest 32
Total Amount 1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

You can also calculate your EMI for PaySense laptop loan manually by using the formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N - 1]

Refer to the box below to see how to use the formula to calculate your laptop’s EMI.

Let’s calculate your laptop's EMI with an example:

Say you are going to buy a laptop of Rs. 50,000/-. Assuming the cost, interest and processing fee we have:

  • Interest Rate: 2% per month
  • Loan Tenure: 12 months
  • Processing Fee: Up to 2.5% of the loan amount

Laptop (Example: Rs. 50,000)

Loan Amount: Rs. 50,000
Processing Fee: Up to 2.5% of the loan amount (Rs. 50,000 x 2.5% = Rs. 1,250) Total Loan Amount (Including Processing Fee): Rs. 50,000 + Rs. 1,250 = Rs. 51,250
EMI = [205,000 x 0.02 x (1+0.02)^36] / [(1+0.02)^36-1]

Now, calculate the EMI for the laptop:
EMI = [P x R x (1+R)^N] / [(1+R)^N - 1]

  • P = Loan Amount (Rs. 51,250)
  • R = Monthly Interest Rate (2% per month or 0.02)
  • N = Loan Tenure in months (12 months)

EMI = [51,250 x 0.02 x (1+0.02)^12] / [(1+0.02)^12 - 1]
EMI ≈ Rs. 4,849.05 (rounded to the nearest rupee)
So, for a laptop priced at around Rs. 50,000, with an interest rate of 2% per month and a 12-month tenure, the EMI you would need to pay to PaySense would be approximately Rs. 4,849.05 per month.

PaySense Laptop Loan Features & Benefits

  • Unsecured Loans: PaySense's Instant Loan does not require any collateral. This ensures that your valuable assets remain safe.
  • Flexible EMI Options: With easily manageable EMIs, loan repayment becomes more convenient. They provide flexibility to align with your financial circumstances.
  • Swift Approval & Disbursement: PaySense boasts a rapid approval and disbursement process, ensuring your immediate financial needs are met promptly.
  • Paperless Documentation: PaySense offers complete digital documentation process. This simplifies the application process, cuts down the hassle and saves time.
  • No Credit History Required: PaySense offers loans to borrowers who are yet to start their credit journey. You can start your credit journey with PaySense and build up your credit score.
  • One-Click Add-On Loans: PaySense's innovative one-click add-on loan feature allows you to effortlessly apply for additional funds whenever needed.

How to Apply for PaySense Laptop Loan with Buddy Loan

Follow these steps to apply for a PaySense personal loan for laptop on Buddy Loan:

Step 1 - Visit - or Download the Buddy Loan app

Step 2 - Fill out the application form, including the loan amount, the tenure months, and contact details.

Step 3 - Fill out the following personal details where required:

Step 4 - Submit the details & wait for the loan confirmation.

Ready to take next step ?


PaySense Laptop Loan Repayment

For PaySense laptop loan, you can choose from a number of repayment alternatives, including prepayment, EMI transfers, and online payments made through the company's website or mobile app. You can choose your preferred repayment tenure between 3 months to 5 years.

A smooth repayment period with timely payments is crucial since they can increase credit scores and show a person's financial stability.

Frequently Asked Questions

PaySense is an NBFC that is registered with the Reserve Bank of India (RBI).

Yes, you can get a loan to purchase a laptop through PaySense.

You can get a loan amount of up to ₹5 lakhs for a laptop loan with PaySense.

PaySense may take up to 48 hours to approve your loan application.

You can use the EMI calculator given in this article to check your EMI for a laptop loan.

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