Application Link: https://play.google.com/
PaySense has partnered with India's leading NBFC, IIFL. IIFL, registered with RBI as a NBFC, is a well-established national financial services company serving 35 Lakh customers from 2,250 service locations and over 900 branches across India.
Instant Personal Loan App FAQs
1) What's the amount and tenure I can apply for?
👉Amount: ₹5,000 to ₹5 Lakhs
👉Tenure: 3 months to 60 months
2) What are the interest rates on these loans?
Interest rates start at 13% per annum.
3) What are the fees and charges applicable?
👉Processing Fees: 2.5% of the loan amount + GST
👉Loan Prepayment Charges: 4% charge on the remaining principal amount (allowed after 3 EMI payments)
👉Late Payment Charges: ₹500 + GST upon failure to pay the EMI on a fixed date
Instant loans
Get instant personal loans from ₹5000 to ₹5 lakh to fit all your needs and dreams
Quick Approvals & Disbursals
Get prompt loan approval and money in your account
Easy Collection of Documents
Doorstep collection of documents; just sign & hand over the required documents to the courier
Affordable EMI plans
Easy to manage EMI plans with reminders and auto-debit features so that you don’t miss out on timely payments
One-click subsequent loans
Need another loan from PaySense? With one-time documentation, it’s just a click away. No further checks required
Zero Credit History
Never taken a loan previously? It’s okay - we serve the users who are new to credit and lending system.
It just takes three simple steps !
Check eligibility and select a loan plan:
Fill in a few basic details to check your eligibility for PaySense instant loans and get a Credit Line. A Credit Line is the total amount of loan you can get from PaySense. To maintain EMIs better, it is recommended that you take a loan of only up to 50% of your approved line of credit. Once you get your Credit Line, you can choose the loan amount. Choose the best combination of loan duration and EMIs to select your loan plan.
Upload KYC Documents:
To get your loan approval, you have to upload a few documents to complete your KYC. You are also required to sign the loan agreement and a NACH form to enable auto-deduction of EMIs. NACH stands for National Automated Clearing House is a centralised web-based payment system, regulated and supervised by Reserve Bank of India (RBI) for bulk money transactions. NACH form ensures that you don’t miss on your EMI payments and impact your credit score negatively. The best part – the entire process is paperless. Once you upload all required documents, you get an approval within 2 working hours.
Get your money:
Once your loan is approved and the application
procedure is complete, your money will be
directly transferred to your account quickly
Are you eligible for a personal loan?
To be eligible to get a personal loan from PaySense, you should fulfil the following eligibility criteria
Resident of India
Age: 21 years to 60 years
Employment Type: Salaried and Self-employed
Minimum Monthly Income: ₹ 12,000 for salaried and ₹ 15,000 for self-employed
Location: We are active in 40+ cities. See Availability.
What are the documents required?
To get a personal loan instantly, you should keep some documents handy before you start applying.
Proof of Identity
PAN Card or Aadhaar Card
Proof of Address
Aadhaar card, Rental agreement, Utility or Postpaid bills
Proof of Income
Last 3 months bank Statements
A Selfie.
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