Paysense Personal Loan

With affordable interest rates, Paysense offers personal loans. Additionally, Paysense provides paperless digital loan processing along with online, quick personal loan. Paysense with interest rates starting at 16.80% - 27.60% onwards. A maximum loan from Rs.5,000 to 15 Lakhs with a maximum 3 Months to 5 year repayment period is available to you.

Interest Rate 16.80% - 27.60% onwards
Maximum Loan Rs.5,000 to 15 Lakhs
Processing Fees 3%
Maximum Loan Tenure 3 Months to 5 year

Loan Disbursal in 3 hrs*
100% Online Process

A Four-Step Guide to Efficient Financing

Complete Your Basic Details
Check Your Soft Eligibilty
Complete Your Details
Get Disbursal in account

Paysense Personal Loan EMI Calculator



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Total Payable

Documents Required For PaySense Personal Loan 

You should be aware that Paysense will need you to provide legitimate documentation as proof of your eligibility. Therefore, Paysense may require the following papers, and for speedy approval, you must digitally upload all of them to the Paysense App.

  • PAN Card

  • Selfie

  • Address Verification: Driver's Licence, Passport, or Aadhar

  • Income Proof: Last three months' worth of bank e-statements or Net Banking.

The financial services startup PaySense was established in 2015. Its headquarters were in Mumbai. They specialize in using cutting-edge data sciences to extend credit to their clients without the inconvenience of drawn-out application procedures, protracted wait times, and a mountain of paperwork. They want to improve the simplicity, accessibility, and transparency of their clients' financial transactions.

PaySense offers fast personal loans to its customers in order to assist them in meeting their demands, which might include—but are not limited to—taking an unexpected trip, remodeling the house, purchasing new furniture, covering a medical bill, organizing a wedding, or maintaining a car. They offer loans ranging from Rs. 5,000 to Rs. 2 lakhs. They provide consumers with speedy approvals and disbursements. The shortest tenure is three months, and the longest is two years.

Feature of PaySense Personal Loan 

Following are the feature of PatSense Personal Loan : 

Variable end use

PaySense loans are multipurpose loans, which means they can be used for a variety of things, including but not limited to arranging a wedding, paying for a medical bill, doing home renovations, buying new furniture, and servicing automobiles.

Total borrowed

PaySense provides personal loans starting at just Rs. 5,000 and going up to Rs. 2 lakh. Customers are given the option to customize the loan amount to suit their needs.

Finance charges

PaySense personal loan interest rates range from 1.4% to 2.3% monthly . For the consumer, this makes EMIs simple.

No security is necessary.

PaySense offers unsecured personal loans. This indicates that you are not required to offer any security in exchange for the loan amount.

Mobile programme

Installable on a smartphone, PaySense offers a user-friendly application. With this software on the phone, the entire loan process can be finished. For the customer, this results in a very quick and convenient process.

Not requiring a credit score

With PaySense, you can also apply for a loan even if you've never taken out a loan before and have no credit history.

Documentation is simple.

It is not necessary to have any actual documents. The loan can be approved with just a few simple documents uploaded in the required format.

Rapid approval and payment

With PaySense, the consumer can take advantage of swift loan approvals and swiftly receive money into his or her bank account.

Process for applying PaySense Personal Loan 

Paysense offers Instant Loans, but you must follow certain steps in order to apply for one. Here are the procedures for applying for a Paysense loan through Fincrif.

    • Visit the official website .

    • Firstly , login with your name and number .

    • Then fulfill your employment type.

    • Verify OTP.

    • Upload all the documents and submit .

    • Last , you will get a call from the Fincrif team and help you to proceed next.

    Frequently Asked Questions ( FAQ )

  1. Is it possible to apply for a Paysense personal loan without a pay stub?

ANS. You can submit a Paysense personal loan application without providing your pay stubs. The bank e-statement for the last three months must be submitted to Paysense in lieu of the pay stubs.

  1.  How much does a PaySense personal loan have to be for?

ANS. The minimal loan amount with PaySense is INR 5000.

  1. How long does Paysense take to disburse loans?

ANS. Paysense will issue the loan in two hours when the KYC is finished and the documents are digitally uploaded.

Eligibility Criteria for PaySense Personal Loan 

Check to see if you qualify for the loan before using the Paysense App and applying for one. Before you may apply for a Personal Loan, you must meet the PaySense Personal Loan eligibility.

  • A minimum age of 21 is required for the applicant.

  • The applicant must be under 60 years of age.

  • If you are employed, you must make a minimum of INR 12000 per month.

  • A minimum monthly revenue of INR 15000 is required if you work for yourself.

  • You need to be an Indian national.

  • You must be in possession of a live internet banking account.

Fees and Charges Of Paysense Personal Loan 

Loan AmountINR 5,000 to INR 5 Lakhs
Loan Tenure3 months to 60 months
Interest Rate1.4%- 2.3% per month onwards
Processing FeeUp to 2.5% of loan amount
Prepayment ChargesNo prepayment charges for loans up to INR 30,000
Repayment ModesAuto-debit, cheque, NEFT, or UPI
Eligibility criteriaAge between 21 to 60 years, minimum income of INR 18,000 per month
Required DocumentsAadhaar card, PAN card, bank statement, salary slip, and a photograph
Application ProcessCompletely online
Approval TimeWithin minutes
Disbursal TimeWithin 2-4 days
Loan PurposeCan be used for various purposes, including home renovation, travel, medical expenses, and debt consolidation
Credit Score CheckSoft credit check
Late Payment ChargesUp to 3% per month
Default PenaltyUp to 4% per month
Customer ServiceAvailable via phone, email, and chat

Paysense Loans

Paysense Personal Loan

These loans are typically unsecured and can be used for various personal expenses such as medical emergencies, travel, education, or debt consolidation.

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Paysense Business Loan

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Paysense Loan Against Securities

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