PaySense: Personal Loan App

PaySense Services India Private Limited

About this app

PaySense is one of India's top-ranking best instant personal loan apps, with over 100 Lakh app installs and 3 Lacs+ happy customers available in 600+ cities.

With Flexi EMI options, zero collaterals, & affordable interest rates, PaySense’s lending partners offers personal loans from ₹5,000 to ₹5,00,000. Some key features are as follows:
●Interest rate: ranges between 14% per annum to 36% per annum
●Annual Percentage Rate: ranges between 14.5 % to 40%.
●Tenure: ranges between 3 to 60 months.
●Foreclosure charge: upto 4% (excluding GST) on the remaining principal amount.
●Late Payment Charges: ₹590 (inclusive of GST).
Note: the above rates are indicative and actual rate applicable are decided by PaySense lending partners.


Why Choose PaySense loan app for Personal Loans?

● Simple application process - takes 2 minutes to sign-up on the PaySense loan app!
● Easy, manageable, & affordable EMIs - Choose a repayment option for your quick loan from PaySense loan app.
● Full transparency-Complete transparency with no hidden costs on the best loan app including loa and affordable interest rates.
● Easy & convenient access 24/7 - Apply anytime & anywhere.
● Zero collaterals & paperless - Submit the required documents on the PaySense loan app & no visits are required.
● Quick loan disbursement upon approval - Loans get approved within minutes on our PaySense loan app.

Declaration

The PaySense loan app is a platform that facilitates lending by NBFCs/banks, to customers. The details of all such lending partners are mentioned below:
● PayU Finance India Private Limited
https://www.payufin.in/
● Kisetsu Saison Finance India Private Limited
https://creditsaison.in/Co-origination-Financing/
● SMFG India Credit Company Limited (Formerly Fullerton India Credit Company Limited)
https://assets.smfgindiacredit.com/sites/default/files/List_of_LSP_and_DLA_January_2023.pdf
● IDFC First Bank Limited
https://www.idfcfirstbank.com/content/dam/idfcfirstbank/footer/adlp.pdf

Types of loans offered on the PaySense loan app:

● Personal Loan for Marriage / Weddings
● New/Used Vehicle Loans (4- & 2-Wheeler Loan)
● Consumer Durable Loans
● Travel Loans
● Student & Education Loans
● Medical Emergency Instant Loans
● Instant Cash Loan

Representative example

Personal Loan Amount: ₹1,00,000
Tenure: 24 months
APR: 27.81%
Equivalent Monthly Interest Rate: 2%
Processing Fee: ₹3,000*
Interest: ₹26,891
EMI: ₹5,287
Amount to be paid : ₹1,26,888

Calculate your personal loan EMI with our personal loan EMI calculator on the online loan app.The EMI calculator provides the freedom to decide your own personal loan term & EMI amount.

Personal Loan Eligibility

● You must be a resident of India
● You must be 21-60 years of age
● You must be based in any one of the 600+ cities we serve across India

Steps to Apply for an Instant Personal Loan

● Install the PaySense loan app.
● Register & check your instant personal loan eligibility.
● Provide KYC documentation like ID proof (Aadhar/PAN/Voter ID),address proof (Aadhar/Utility bills/Rental Agreement), income proof (bank statement), & a photograph.
● Sign the loan application & get speedy approvals on PaySense loan app
● Once approved by PaySense’s lending partners, the personal loan amount will be credited to your account

Security & Privacy Policy

We at PaySense take our customer’s privacy very seriously. We ensure absolute safety via standard security and privacy standards to protect our database. PaySense loan app is safe and secure & we do not share customer information with third parties without consent.

Contact us

E-mail: [e-mail]
Twitter: @gopaysense
Office Address: Empressa Building, Fourth Floor, Second Road, Khar West, Mumbai – 400 052, Maharashtra, India

Ratings and reviews

I had a very bad experience with this app. After the application of loan was approved, they said that within 48 hours the loan will be disbursed but it has been 15 days and still no disbursement happened. The agents dont pick up the call, u have no way to contact the customer service. After sending a lot of emails to the support team the only reply receive is that they will contact me within 24 hours(which never happens). I'd suggest you not to install this app and waste your time with this.

YOU PAY ON TIME AND ARE CHARGED FOR IT! I was very thrilled with this app and the prompt service. note that I write that I "was" thrilled. Not the case anymore. I have always made the EMI payments on time, but yet for the past two months I have been charged a late fee, which (for obvious reasons) I will not be paying. I wrote to customer service multiple times, but received nothing but an automated response telling me that the status will be updated. And that clearly hasn't happened! Please do not fleece honest customers and please, for the love of the universe, revamp your customer care! Never going to recommend this app to anyone!

Due to some personal issues, I made my payment one month late. From Paysense, I started receiving over 30+ calls per day pressuring me to pay. On 2nd September, a representative sent me a scanner to make the payment, which I completed and shared the screenshot with at least 20 people who had contacted me.They assured me that the NACH auto-debit wouldn't happen on the 3rd. But despite this, ₹500 was deducted from my account through NACH.Even now, the payment is not updated in the app.

What’s new

We regularly update our app to provide you an awesome loan lending experience. To make sure you don't miss a thing, just keep your updates turned on.