Instant Personal Loan
Meet all your needs with Instant Personal Loans
Get Instant Personal Loan up to ₹5 Lakhs
Loan Amount
Do you think a personal loan needs too much effort ?
Getting a personal loan was never this easy
It just takes three simple steps to get an instant personal loan online!
Things to Know
Now get a loan on your own terms with our flexible EMI options and take control of what & when you pay
Eligibility Criteria
Documents Required
Credit Score
EMI Calculator
Over 2,56,664 loans disbursed-happy customers
With a continously growing community of happy customers we are disbursing more loans every minute.
Disbursed till date
App Downloads
Loans Disbursed
Available in 300+ cities
Agra
Ahmedabad
Ahmednagar
Allahabad
Almora
Anand
Bankura
Bengaluru
Bharuch
Bhopal
Bhubaneswar
Chandigarh
Chennai
Coimbatore
Cuttack
Dehradun
Delhi
Ernakulam
Faridabad
Gandhinagar
Ghaziabad
Ghazipur
Goa
Frequently asked Questions
Now get a loan on your own terms with our flexible EMI options and take control of what & when you pay
Are instant personal loans taxable in India?
Can I get an instant loan with poor credit scores?
Can I take several personal loans at the same time?
Can I apply for a personal loan jointly with my husband/wife?
How will I repay the borrowed amount?
I recently switched jobs. Am I eligible for an instant personal loan?
Will the interest rate vary for the loan tenure?
Can I receive the loan amount in cash?
What happens if I fail to repay the amount I have borrowed?
Can I take a personal loan to buy an iPhone?
What is PaySense?
Which banks and NBFCs have you partnered with?
Is taking a personal loan a good idea?
What is the maximum amount of personal loan I can get from PaySense?
What can I use my personal loan for?
How would PaySense personal loan impact my credit score?
Am I eligible for a PaySense personal loan?
I am self-employed. Will you give me a PaySense personal loan?
I have zero credit score. Will you give me a PaySense personal loan?
How do you decide my credit line?
I need a loan of higher amount than you approved. Can my credit line be changed?
What documents are required to get a PaySense personal loan?
How do I apply for a PaySense personal loan?
How much time would it take to complete my loan application once I have installed the app?
How much time would it take to get the loan approval once I have completed the loan application?
After uploading all the documents, why was my loan application rejected?
When can I get my money after loan approval?
Are there any hidden fees?
How much processing fees do you charge?
How much interest rate do you charge on personal loans?
Are there any extra charges on late payments?
What are loan foreclosure / pre-payment charges?
How can I pay back my loan?
What is a pre-EMI?
Can I reschedule my EMI date?
What happens if I miss my EMI on due date?
While paying my EMI, the amount was deducted from my bank account, but it’s not showing on the PaySense app. Where did my money go?
I want to close my loan earlier than the schedule loan tenure. What is the loan foreclosure process?
What happens if I don’t pay back?
My loan has been paid successfully. How do I get my No Objection Certificate (NOC)?
Is PaySense safe?
You ask for my internet banking details? How safe is it?
I had checked my credit line from PaySense earlier but uninstalled the app. Now that I need a loan, do I have to start a fresh application?
My loan application process is incomplete, but my phone got switched off. Do I have to start the application process again?
I am getting a “Signature not verified” error after e-signing a document. What do I do?
My netbanking access has been temporarily disabled. What do I do?
How do I update my contact details (mail ID, phone number, address) in my PaySense account?
How can I contact your team if I need any assistance?
When will you support iPhone and Windows phones?
Top 10 Reasons to Avail Instant Personal Loans
The Changing Face of Personal Loans in India
Types of Instant Personal Loans at PaySense
Salient Features of Instant Personal Loans from PaySense
Points to Keep in Mind before Availing Instant Personal Loans
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