Instant Personal Loan

Life as we know has changed. However, one thing remains constant, increasing prices and multiple needs and wants. There is no need to worry about inflation and other financial burdens as personal loans are at your disposal to help you through the rough patches and/or even help you prioritize your financial spending.

What is a Personal Loan?

Personal Loan is an unsecured financial loan. This means that you do not need to pledge any kind of collateral to have the money credited to your account for your perusal. Availing a personal loan is simple. With the advancement of technology, you can apply for a personal loan online and you can use the money as you please.

If you are looking for some funds on an urgent and short-term basis, you should look to apply for personal loans. Since personal loans are unsecured loans, the lender approves the loan basis the applicant's details such as age, income, existing liabilities, and credit score, among others.

Features and Benefits of Our Personal Loans

• Personal Loans are versatile.
• The personal loan interests are not very high.
• Personal Loans do not need collateral.
• You do not need a high credit score to acquire personal loans.
• Monthly payments towards your personal loans stay constant.
• Personal Loans allow you to borrow amounts that you actually need.
• Personal Loans approvals are almost instant.
• There are multiple of repayment terms available for personal loans.

Why Choose PaySense for Personal Loan?

There are many lenders who lend online loans. What’s best is that we provide personal loans online. Here are a few more benefits of choosing PaySense as your money lender.

• Instant personal loans – We hand out very quick personal loans
• Quick Approvals & Disbursals – We are here to help you at a click of a button.
• Easy Collection of Documents – KYC and other documentation is simple.
• Affordable EMI plans – Personal loan interest rates are very customer friendly.
• One-click subsequent loans – Instant personal loan online
• Zero Credit History – We do not need you to have a high credit score.

How to Apply for Personal Loan on PaySense?

Given our new process of giving out personal loans, it will actually take you just a few minutes to get yourself a person loan online. Here is the three-step personal loan application process that we follow:

• Check personal loan eligibility and select a loan plan or personal loan offer:You have to fill in a few basic details in order to check your  personal loan eligibility  for PaySense instant personal loans. A Credit Line is the total amount of loan that you can get from PaySense. We recommend that you take a loan of only up to 50% of your approved line of credit to maintain your EMIs payments better. Once you are sanctioned with your Credit Line, you can choose the loan amount. Choose the best combination of loan duration and  EMIs to select your personal loan plan.
• Upload KYC Documents: To get your online loan approval, you have to upload the required documents to complete your KYC. You are required to sign a loan agreement and an NACH form to enable auto-deduction of EMIs when it comes to repaying the loan amount. The National Automated Clearing House (NACH) is a centralised web-based payment system, regulated and supervised by Reserve Bank of India (RBI). The NACH form ensures that you don’t miss on your EMI payments which can impact your credit score negatively. The best part – the entire process is paperless and online. Once you upload all required documents, you will get an approval within two working hours. That is how we ensure quick personal loans.
• Get your money: Once your online loan is approved and the application procedure is complete, your money will be directly transferred to the account that you submit during application. Hence, these are instant personal loans.

Need Personal Loans? Check out the PaySense Personal Loan App

There are various reasons you might need a personal loan. Sometimes it could just be to ensure you do not touch your long-term savings, and sometimes it could be for lifetime events. You could even get a personal loan to gift yourself a materialistic want. Do not forget, you can use the money from a personal loan however you need. Here are a few reasons people choose to opt for personal loans online:

• Personal Loans for Weddings and Other Family Functions
• Personal Loans to Travel the World
• Personal Loans for Medical Emergencies
• Persona Loans for Home Improvement and Renovations
• Personal Loans for Consumer Durable Products