Mobile Loan
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Get Instant Mobile 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
I have never taken a loan before. Can I apply for a mobile loan from PaySense?
Will I have the freedom to buy a mobile of my choice?
What if I want to prepay my mobile loan?
Will I be required to visit the PaySense office in-person to submit any documents?
Will I have to submit my KYC documents again in the future?
What if I need more funds to buy accessories like headphones and a power bank?
Can I get a mobile loan if I get my salary in cash or cheque?
Will I be required to submit the invoice of my mobile to PaySense?
Where will the loan amount be credited?
Can I get the mobile loan amount in cash?
How do I get more information on mobile loans?
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?
Why a Mobile Loan from PaySense is the way to go
Things to Remember while Availing a Mobile Loan from PaySense
Mobiles play a prominent role in our lives
In this digital era, one cannot imagine life without mobiles. The latest mobile handsets coming to the market are highly feature-rich. Mobile phones sold nowadays come with a host of features like waterproof designs, powerful processors, high-tech cameras, and 5G support.
The demand for new mobiles is skyrocketing in India, but at the same time, the prices of some premium mobiles can seem intimidating. Use PaySense Mobile Loan to buy the smartphone you want.
Reasons you need mobile loan from PaySense
You would need instant mobile loan from PaySense to upgrade to a new mobile because:
- You want the latest smartphone.
- You lost your device and urgently need a new smartphone for uninterrupted work.
- You want to gift a fabulous phone to your loved one
- Your phone malfunctioned, and so you need a new one.
Let PaySense Mobile Loan make your life easy in buying a mobile of your choice.
Buy a mobile on EMI without using a credit card
While buying something on EMI hints towards using a credit card, you can easily buy a mobile on EMI with a personal loan for mobile from PaySense.
The process of getting PaySense Mobile Loan is simple as shown in the following steps:
Check your eligibility to select a personal loan
Fill in a few basic details to check your eligibility to get personal loan for mobile.
You must fulfil the personal loan eligibility criteria that include being a salaried or a self-employed Indian resident, having age between 21 years and 60 years, and having a minimum monthly income of Rs. 12,000 if you are a salaried person and Rs. 15,000 if you are a self-employed individual.
Once eligible to get a mobile phone loan from PaySense, you’ll get your Credit Line using which you can buy a mobile of your choice.
Upload KYC documents
You need to upload the documents required to complete your KYC and get approval for a personal loan for mobile.
The documents required include your identity proof, address proof, income proof, and a selfie.
As you upload all the documents required, you’ll get the mobile EMI loan approval within two hours.
Get your loan
As the loan is approved and the application procedure completed, the loan amount is transferred to your bank account.
Features and benefits of smartphone loan
Below are the features and benefits of taking a loan for mobile phone purchase:
Distributed financial burden:
Minimise your immediate financial burden with PaySense Mobile Loan. The mobile loan distributes your cost of purchase across a convenient repayment duration. Payback the principal in small and comfortable EMIs with PaySense.
Buy smartphone from any brand:
Owing to the easy EMIs from PaySense, purchase a smartphone that you are interested in. Buy an Apple iPhone on EMI.With the iPhone loan, you can buy iPhone 12 mini, iPhone 12 Pro, and even iPhone 12 Pro Max on EMI.
You can also buy Samsung mobile on EMI with Samsung mobile loan. Buy Vivo mobile, Oppo mobile, realme mobile, OnePlus mobile on EMI with the mobile loan from PaySense.
Instant approval:
PaySense offer you instant approval on mobile loans. on-the-spot approvals, shop for your mobile in a jiffy. The application process is easy easy and simple on PaySense. The documentation for PaySense Mobile Loan is easy as well.