Paysense Personal Loan

With affordable interest rates and adjustable repayment terms, Paysense offers personal loans. There is little to no paperwork required in order to obtain a loan. Paysense with interest rates starting at 16.80% - 27.60%. A maximum loan of Rs.5,000 to 15 Lakhs with a maximum 3 Months to 5 year repayment period is available to you.

The personal loans offered by Paysensehave low interest rates and flexible payback schedules. A loan can be obtained with little to no paperwork. Interest rates on personal loans from Paysense start at 10.49%, making them a great option for any of your urgent financial requirements. You may be eligible for a loan with a maximum amount of Rs 20,000 to Rs 1 crore and a maximum payback term of 6 months to 5 years.

Interest Rate 16.80% - 27.60%
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



% Interest



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. IIFL and PaySense have a partnership. The Non-Banking Financial Company IIFL is well-known in India and is registered with the RBI.

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 the Paysense App.

  • Get the Paysense app from the Play Store or the App Store.

  • Make a Paysense account by entering your basic information.

  • Obtain a credit line after determining your loan eligibility.

  • The loan amount and term can now be chosen.

  • Upload your KYC documents to expedite the approval process.

  • So that Paysense may withdraw EMIs from your savings account, turn on Payment using NACH.

  • You will receive permission within two hours of completing your KYC.

  • Your bank account will receive the loan amount following approval.

FinCrif 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.



Loan Amount

INR 5,000 to INR 5 Lakhs

Loan Tenure

3 months to 60 months

Interest Rate

1.4%- 2.3% per month onwards

Processing Fee

Up to 2.5% of loan amount

Prepayment Charges

No prepayment charges for loans up to INR 30,000

Repayment Modes

Auto-debit, cheque, NEFT, or UPI

Eligibility criteria

Age between 21 to 60 years, minimum income of INR 18,000 per month

Required Documents

Aadhaar card, PAN card, bank statement, salary slip, and a photograph

Application Process

Completely online

Approval Time

Within minutes

Disbursal Time

Within 2-4 days



Loan Purpose

Can be used for various purposes, including home renovation, travel, medical expenses, and debt consolidation

Credit Score Check

Soft credit check

Late Payment Charges

Up to 3% per month

Default Penalty

Up to 4% per month

Customer Service

Available via phone, email, and chat

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