PaySense Personal Loan


Need a personal loan that's quick and hassle-free?

With over 10 million satisfied customers, PaySense is one of the leading personal loan apps available online. PaySense offers personal loans with annual percentage rates (APRs) ranging from 16.8% to 27.6%, with loan amounts of ₹5,000 to ₹5,00,000. With convenient EMI options, zero collateral, and low interest rates, you can apply online for a personal loan.

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PaySense Personal Loan Details

PaySense aims to reduce financial stress and offer a simple borrowing experience for its consumers by offering various repayment alternatives and speedy approval processes. Find out the details of the PaySense Personal Loan listed in the table below!

PaySense Interest rate 16.8% - 27.6% p.a
Loan amount ₹5,000 to ₹5 Lakhs
Processing fee 3% of loan amount + GST
Tenure 3 months - 5 years

PaySense Personal Loan Interest Rates

The interest rate is vital for lenders when borrowing from NBFCs. It impacts profitability, competitiveness, and risk management.

A lower rate reduces borrowing costs, enhances profitability, and attracts borrowers. It reflects perceived risk and helps lenders assess market competitiveness.

PaySense Interest Rates 1.4% - 2.3% per month

PaySense Personal Loan Fees and Charges

PaySense aims to ease financial burdens and offer a seamless borrowing experience to its customers through the provision of various repayment choices and swift approval procedures. By providing multiple options for repayment, PaySense ensures that its customers can select the method that best suits their financial situation. Refer to the table below for loan fees and charges for the Paysense Personal Loan.

Processing Fee In Total 3% of loan amount + GST
Tenure of Paysense Personal Loan 3 months - 5 years
Loan amount From ₹5,000 to 5 lakhs
Foreclosure Fee 4% of the amount

PaySense Personal Loan Eligibility Criteria

PaySense aims to ease the burden of financial stress and ensure a seamless borrowing experience for its valued customers. To familiarize yourself with PaySense's personal loan eligibility criteria, kindly consult the table provided below.

Age 21- 60 Years old
Salaried employee ₹15,000 Min. Monthly Salary
Self-employed ₹18,000 Min. Monthly Salary

Documents Required for PaySense Personal Loan

To apply for a personal loan with PaySense, you will need to provide certain documents that will facilitate the loan application process. These documents are essential for verifying your identity, income, and financial stability. Documents required to apply for a personal loan with Paysense are as follows:

Proof of Identity PAN Card, Selfie
Proof of Address Aadhaar Card, Voter ID, Passport, and Driving License
Proof of Income Net Banking/ Last 3 months payment slips.

*Applicable only to Indian residents.

Apply for a Personal loan now!

Calculate EMI For PaySense Personal Loan

Experience the convenience of the Personal Loan EMI Calculator, which helps you plan your repayments effortlessly by determining the Equated Monthly Installment (EMI).

The EMI Calculator is an easy and user-friendly tool to calculate your personal loan EMI. Simply input the loan amount, interest rate, and loan tenure and get instant results.

Make informed decisions about your financial commitments and stay in control of your budget. Empower yourself with financial clarity and you can start your journey towards achieving your goals.

₹
%
Monthly EMI ₹86
Principal Amount ₹1,000
Total Interest ₹32
Total Amount ₹1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

Compare PaySense Personal Loans Over Other NBFCs

By providing multiple options for repayment, PaySense ensures that its customers can select the method that best suits their financial situation. Additionally, the quick approval processes implemented by PaySense enable customers to receive the funds they need promptly. Refer to the table below, where you can compare the interest rates among other NBFCs.

NBFCs INTEREST RATE (p.a.)
PaySense 16.8% - 27.6%
HDB Financial services Up to 36%
CASHe 27%
Home Credit 24%
Money View 15.96%

Read More

Read Less

Apply for a Personal loan now!

Features & Benefits of PaySense Personal Loan

If you're in need of quick access to cash, a Paysense personal loan could be a great option. Here’s why:

Easy Application Process

Get quick prompt approval
with easy application process

Quick Disbursal

Get instant loan worth
5 lakh and disbursed in
few hours

Zero Credit History

First time loan lenders
can avail a loan hassle-free

Paperless Documentation

Upload your KYC and
complete the process digitally

Afforable EMI Rates

Avail attrative interest rates
for a personal loan from
16 - 36% p.a.

Multiple Loan Options

Apply and avail a
subsequent loan

Types of PaySense Personal Loans

Discover the different ways in which you can utilise a personal loan and find the unique features of PaySense Personal loan so you can

  • Instant Personal Loan

    • Meet your financial obligations with an instant personal loan. Available for salaried professionals and self-employed business owners.

  • Personal Loan for Salaried

    • Personal loans are now available for salaried individuals who make a minimum of ₹15,000 per month. Apply for a PaySense personal loan to build your dreams with the funds you need for destination weddings, home renovations, medical emergencies, and family functions.

  • Personal Loan for Self-employed

    • Tackle the huge fund requirements for your business expansion and working capital requirements with a collateral-free personal loan from PaySense for the self-employed.At times when you want to skip to the good part of getting loans instantly, saving yourself from the time-consuming documentation process and hassles, loans for self- employed can be useful.

  • Personal Loan for Marriage

    • Funding your favourite luxury brand lehenga or wedding suit is easy now! Apply for an unsecured personal loan for your marriage and effortlessly cover all your wedding expenses.

  • Personal Loan for Travel and Holidays

    • Tick off your travel bucket list with hassle-free travel funding available from PaySense. Embark on your dream vacation. By pre-planning you can effortlessly organize every detail of your trip. From flights to accommodations, get the bills covered without any collateral or security.

  • Personal Loan for Medical Emergencies

    • Medical emergencies are unpredictable and can take a huge toll on your finances, and PaySense's personal loan is tailored just to help you out with such unprecedented emergencies. PaySense guarantees no denial or delay at this crucial time for your needs.

  • Personal Loan for Home Improvement

    • Renovating your home will not burn your pockets anymore. Cover the expenses with PaySense without sacrificing other financial needs.

How Do You Apply for PaySense Loans with Buddy Loan?

Steps To Apply For a Personal Loan with Buddy Loan

  • Step 1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
  • Step 2: Open the Personal Loan Application Page. Provide the mobile number and enter the received OTP.
  • Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
  • Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
  • Step 5: Enter your work details (Including company name, years of service and Designation)
  • Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
  • Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.

Ready to take the next step? Apply for a Personal loan now!

PaySense Loan Repayment

A PaySense personal loan borrower has several options for repaying their loan, including prepayment, EMI transfers, and online payments using the website or mobile app. The crucial procedure of repayment involves the borrower giving the borrowed money back to the lender.

Depending on the loan type, the PaySense personal loan repayment schedule is variable. Regular and prompt payments are crucial since they raise credit scores and demonstrate a person's financial reliability.

Frequently Asked Question on Pocketly Personal Loan

Yes, you can get a cash loan using Paysense.

The minimum CIBIL score required to qualify for a personal loan with Paysense must be at least 650.

You can click here to apply for a personal loan from Paysense via Buddy loan.

Paysense offers a short-term loan amount starting from ₹5,000.

No collateral is required to apply for a personal loan with Paysense.

The tenure varies from 6 months to 5 years.

You will need a few documents handy to avail a loan from Paysense like, Aadhaar card, PAN card, Driving licence, Voter ID, Passport, Bank statement.

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