Main Eligibility Criteria
👉Salary should be more than 25,000 (Mumbai & Delhi users)
👉Salary should be more than 18,000 (Other Locations)
PaySense provides instant personal loans from ₹5000 to ₹500,000, with an Annual Percentage Rate (APR) on the loans between 18% to 36% (on a reducing balance basis) + a maximum of 3.5% processing fee on the principal loan amount. These instant loans are given for a duration of 3 months to 60 months. The standard processing fee is 3.5% of the loan amount. For example, a loan of ₹1 Lakh (₹1,00,000) for 24 months will typically have an APR of 24% (on a reducing balance basis) and a processing fee of 3.5% (₹3,500). This loan would be paid back in 24 EMIs (equated monthly installments) of ₹5,377 each with the total interest amount being ₹29,048.
Prepayment charges on loan closure (allowed after 3 EMI payments) is 4% + 18% GST on the remaining principal amount and Late Payment Charges are ₹500 + 18% GST upon failure to pay the EMI on the fixed date.
🔝💰PaySense has been identified amongst the Top 100 Fintech innovators in the world by a KPMG and H2 Ventures report.🔝💰
The PaySense app allows you to apply for instant personal loans of up to ₹5 lakhs at attractive interest rates, with zero collateral and flexible EMIs.
5 Million+ users have already installed the PaySense app to get an urgent personal loan, to pay for:
👉School and College Fees
👉Credit Card Bills
👉Home Renovation and Decor, and so on.
PaySense has disbursed over 1 lakh personal loans in the past 12 months and is one of the best Indian personal loan apps in the market which offers easy & quick loans to both self-employed and salaried individuals.
🇮🇳The company’s presence now spans over 50 cities across India including Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata, Chandigarh, Chennai, Coimbatore, and Delhi-NCR.
With quick money loans, PaySense offers the flexibility of getting an instant personal loan in just a few hours.🇮🇳
Why Choose PaySense for Instant Personal Loan
In addition to providing one of the fastest online loan approvals to Indians for personal loans, PaySense also lets its customers enjoy the following advantages:
👉Affordable interest rates
👉Convenient and affordable EMIs
👉2-minute loan application process
👉Loans available for those with low credit scores as well
👉Automated updates and EMI deduction
PaySense is the fastest and quickest way to get an instant personal loan online. Follow these four steps to get an instant personal loan:
👉Install the PaySense online loan app.
👉Register and check your personal loan eligibility.
👉Provide KYC documentation like identity proof (Aadhar/PAN/VoterID), address proof (Aadhar/Utility bills/Rental Agreement), income proof (bank statement) and a photograph (selfie).
👉Sign your application and get instant approval for your personal loans.
Once approved, the loan amount will be credited to your account within a few days.
The PaySense app also offers an EMI calculator that gives you the freedom to decide your own EMI amount and the loan tenure.
In order to apply for easy and quick personal loans, you should fulfill the following criteria:
👉You should be a resident of India
👉Your age should be between 21 years to 60 years
👉You must be a salaried employee or self-employed individual
👉You must be based at any one of the 50+ cities we serve across pan-India
Security and Privacy
The PaySense personal loan app has been developed using the best security and privacy standards to ensure absolute data security. Our app is safe & secure to use and we do not share customer information with third parties without consent.
☝️Apply and get a personal loan instantly with the safe, secure and easy to use PaySense app!☝