Need a personal loan that's quick and hassle-free?
With over 10 million satisfied customers, PaySense is one of the leading personal loan apps available online. PaySense offers personal loans with annual percentage rates (APRs) ranging from 16.8% to 27.6%, with loan amounts of ₹5,000 to ₹5,00,000. With convenient EMI options, zero collateral, and low interest rates, you can apply online for a personal loan.
PaySense aims to reduce financial stress and offer a simple borrowing experience for its consumers by offering various repayment alternatives and speedy approval processes. Find out the details of the PaySense Personal Loan listed in the table below!
|PaySense Interest rate||16.8% - 27.6% p.a|
|Loan amount||₹5,000 to ₹5 Lakhs|
|Processing fee||3% of loan amount + GST|
|Tenure||3 months - 5 years|
The interest rate is vital for lenders when borrowing from NBFCs. It impacts profitability, competitiveness, and risk management.
A lower rate reduces borrowing costs, enhances profitability, and attracts borrowers. It reflects perceived risk and helps lenders assess market competitiveness.
|Paysense Interest Rates||1.4% - 2.3% per month|
PaySense aims to ease financial burdens and offer a seamless borrowing experience to its customers through the provision of various repayment choices and swift approval procedures. By providing multiple options for repayment, PaySense ensures that its customers can select the method that best suits their financial situation. Refer to the table below for loan fees and charges for the Paysense Personal Loan.
|Processing Fee In Total||3% of loan amount + GST|
|Tenure of Paysense Personal Loan||3 months - 5 years|
|Loan amount||From ₹5,000 to 5 lakhs|
|Foreclosure Fee||4% of the amount|
PaySense aims to ease the burden of financial stress and ensure a seamless borrowing experience for its valued customers. To familiarize yourself with PaySense's personal loan eligibility criteria, kindly consult the table provided below.
|Age||21- 60 Years old|
|Salaried employee||₹15,000 Min. Monthly Salary|
|Self-employed||₹18,000 Min. Monthly Salary|
To apply for a personal loan with PaySense, you will need to provide certain documents that will facilitate the loan application process. These documents are essential for verifying your identity, income, and financial stability. Documents required to apply for a personal loan with Paysense are as follows:
|Proof of Identity||PAN Card, Selfie|
|Proof of Address||Aadhaar Card, Voter ID, Passport, and Driving License|
|Proof of Income||Net Banking/ Last 3 months payment slips.|
*Applicable only to Indian residents.
Experience the convenience of the Personal Loan EMI Calculator, which helps you plan your repayments effortlessly by determining the Equated Monthly Installment (EMI).
The EMI Calculator is an easy and user-friendly tool to calculate your personal loan EMI. Simply input the loan amount, interest rate, and loan tenure and get instant results.
Make informed decisions about your financial commitments and stay in control of your budget. Empower yourself with financial clarity and you can start your journey towards achieving your goals.
|Year||Month||Principal (A)||Interest (B)||EMI (A+B)||Balance||Loan Paid to Date (%)|
By providing multiple options for repayment, PaySense ensures that its customers can select the method that best suits their financial situation. Additionally, the quick approval processes implemented by PaySense enable customers to receive the funds they need promptly. Refer to the table below, where you can compare the interest rates among other NBFCs.
|NBFCs||INTEREST RATE (p.a.)|
|Paysense||16.8% - 27.6%|
|HDB Financial services||Up to 36%|
|RBL Bank||17.50% - 26%|
If you're in need of quick access to cash, a Paysense personal loan could be a great option. Here’s why:
get quick prompt approval with easy application process
Get instant loan worth 5 lakh and disbursed in few hours
First time loan lenders can avail a loan hassle-free
Upload your KYC and complete the process digitally
Avail attrative interest rates for a personal loan from 16 - 36% p.a.
Apply and avail a subsequent loan
Discover the different ways in which you can utilise a personal loan and find the unique features of Paysense Personal loan so you can
Meet your financial obligations with an instant personal loan. Available for salaried professionals and self-employed business owners.
Personal loans are now available for salaried individuals who make a minimum of ₹15,000 per month. Apply for a Paysense personal loan to build your dreams with the funds you need for destination weddings, home renovations, medical emergencies, and family functions.
Tackle the huge fund requirements for your business expansion and working capital requirements with a collateral-free personal loan from Paysense for the self-employed.At times when you want to skip to the good part of getting loans instantly, saving yourself from the time-consuming documentation process and hassles, loans for self- employed can be useful.
Funding your favourite luxury brand lehenga or wedding suit is easy now! Apply for an unsecured personal loan for your marriage and effortlessly cover all your wedding expenses.
Tick off your travel bucket list with hassle-free travel funding available from PaySense. Embark on your dream vacation. By pre-planning you can effortlessly organize every detail of your trip. From flights to accommodations, get the bills covered without any collateral or security.
Medical emergencies are unpredictable and can take a huge toll on your finances, and Paysense's personal loan is tailored just to help you out with such unprecedented emergencies. Paysense guarantees no denial or delay at this crucial time for your needs.
Renovating your home will not burn your pockets anymore. Cover the expenses with Paysense without sacrificing other financial needs.
Follow these steps to apply for a Paysense personal loan on Buddy Loan:
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
A Paysense personal loan borrower has several options for repaying their loan, including prepayment, EMI transfers, and online payments using the website or mobile app. The crucial procedure of repayment involves the borrower giving the borrowed money back to the lender.
Depending on the loan type, the Paysense personal loan repayment schedule is variable. Regular and prompt payments are crucial since they raise credit scores and demonstrate a person's financial reliability.
Yes, you can get a cash loan using Paysense.
The minimum CIBIL score required to qualify for a personal loan with Paysense must be at least 650.
You can click here to apply for a personal loan from Paysense via Buddy loan.
Paysense offers a short-term loan amount starting from ₹5,000.
No collateral is required to apply for a personal loan with Paysense.
The tenure varies from 6 months to 5 years.
You will need a few documents handy to avail a loan from Paysense like, Aadhaar card, PAN card, Driving licence, Voter ID, Passport, Bank statement.
Display of trademarks, trade names, logos, and other subject matters of Intellectual Property displayed on this website belongs to their respective intellectual property owners & is not owned by Bvalue Services Pvt. Ltd. Display of such Intellectual Property and related product information does not imply Bvalue Services Pvt. Ltd company’s partnership with the owner of the Intellectual Property or proprietor of such products.
Please read the Terms & Conditions carefully as deemed & proceed at your own discretion.