PaySense and LazyPay, PayU’s consumer lending business, merge to build a full-stack digital lending platform in India.Learn morehttps://corporate.payu.com/news/payu-consolidates-india-digital-credit-offering/

Mobile Loan

Get in your hands the latest in tech

Get Instant Mobile Loan up to ₹5 Lakhs

100% Safe & Secure
100% Safe & Secure
Instant Process
Instant Process
Upgrade to a new mobile with easy EMIs
Use the EMI Calculator to check plans

Loan Amount

1,30,000Edit
₹5,000
₹5,00,000
Loan Term
ROI
EMI (per month)
Total interest
*The tenures shown here are indicative. Actual tenures may vary depending on your eligibility.
*The ROIs shown here are indicative
See EMI Plans  
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WONDERFUL EXPERIENCE WITH PAYSENSE I was looking for a quick loan for a new OnePlus phone, and was a little unsure where to get the money from. I happened to come across PaySense and I think it's a great app.
One of the most important inventions of this century has been that of the smartphone. Rapid advancements made in technology have provided people with a wide array of services that are more accessible, convenient and simpler. Today, you can book tickets, hail a cab, shop, apply for a loan, send emails, capture high-quality pictures and record HD videos, access your social media profiles and do so much more with a smartphone. The fact that there are a variety of mobile phones available in different categories – budget phones, mid-level phones, and premium phones – means that everyone can afford one. This, combined with the increasingly affordable data plans on offer from telecom companies has also proven to be a significant factor responsible for the exponential proliferation of smart mobile phones in the last decade.It is interesting to note that the smartphone revolution has made inroads both in rural and urban areas. However, despite the ballooning demand for phones, the fact remains that people who wish to buy a premium flagship phone with the best features need to shell out a decent sum of money. While it is true that phones as low as ₹5,000 are available by the dozen; there are phones that cost nearly ₹1,00,000 as well. This means that tech-enthusiasts who want to get their hands on the latest phone find it challenging to do so without burning a hole in their pocket. As a result, there has been a notable rise in the trend of people applying for a personal loan for buying a mobile phone.To purchase the latest model of their favourite mobile, people usually take a short-term online mobile loan from lenders, like PaySense. We offer instant mobile loans at an affordable interest rate and allow our customers to repay the loan amount in flexible EMIs as well. If have also been yearning to buy a smartphone of your choice, read on to learn more about the eligibility terms for applying for a mobile loan, what is the process for availing an online mobile loan from PaySense and the associated charges.
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Do you think a personal loan needs too much effort ?

Getting a personal loan was never this easy

Instant personal loans
Instant personal loans
Get instant personal loans from ₹5000 to ₹5 lakh to fit all your needs and dreams
Quick Approvals & Disbursals
Quick Approvals & Disbursals
Get prompt loan approval and money in your account
Paperless Documentation
Paperless Documentation
Upload pictures of you KYC documents and sign your loan application digitally
Affordable EMI plans
Affordable EMI plans
Easy to manage EMI plans with reminders and auto-debit features so that you don’t miss out on timely payments
One-click subsequent personal loans
One-click subsequent personal loans
Need another loan from PaySense? With one-time documentation, it’s just a click away. No further checks required
Zero Credit History
Zero Credit History
Never taken a personal loan previously? It’s okay - we serve the users who are new to credit and lending system.

It just takes three simple steps to get an instant personal loan online!

1
Check eligibility and select a personal loan plan
Fill in a few basic details to check your eligibility for PaySense instant personal loans and get a Credit Line. A Credit Line is the total amount of loan you can get from PaySense. Once you get your Credit Line, you can choose the loan amount. Choose the best combination of loan duration and EMIs to select your loan plan.
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2
Upload KYC Documents
To get your personal loan approval, you have to upload a few documents to complete your KYC. You are also required to sign the loan agreement and a NACH form to enable auto-deduction of EMIs. NACH stands for National Automated Clearing House is a centralised web-based payment system, regulated and supervised by Reserve Bank of India (RBI) for bulk money transactions. NACH form ensures that you don’t miss on your EMI payments and impact your credit score negatively. The best part – the entire process is paperless. Once you upload all required documents, you get an approval within 2 working hours.
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3
Get your money
Once your personal loan is approved and the application procedure is complete, your money will be directly transferred to your account quickly. It is that easy to get instant personal loan with Gopaysense.
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Check eligibility and select a personal loan planUpload KYC DocumentsGet your money

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 options

Eligibility Criteria

Documents Required options

Documents Required

Credit Score options

Credit Score

EMI Calculator options

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.

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Download the PaySense App
Enjoy a faster & easier loan application process with our Android App

Disbursed till date

App Downloads

Loans Disbursed

Frequently asked Questions

Now get a loan on your own terms with our flexible EMI options and take control of what & when you pay

General Questions
About PaySense
Loan Eligibility
Loan Application Process
Fees and Charges
Loan Repayment
User Security
Customer Support
Others
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I have never taken a loan before. Can I apply for a mobile loan from PaySense?

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Will I have the freedom to buy a mobile of my choice?

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What if I want to prepay my mobile loan?

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Will I be required to visit the PaySense office in-person to submit any documents?

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Will I have to submit my KYC documents again in the future?

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What if I need more funds to buy accessories like headphones and a power bank?

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Can I get a mobile loan if I get my salary in cash or cheque?

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Will I be required to submit the invoice of my mobile to PaySense?

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Where will the loan amount be credited?

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Can I get the mobile loan amount in cash?

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How do I get more information on mobile loans?

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What is PaySense?

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Which banks and NBFCs have you partnered with?

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Is taking a personal loan a good idea?

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What is the maximum amount of personal loan I can get from PaySense?

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What can I use my personal loan for?

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How would PaySense personal loan impact my credit score?

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Am I eligible for a PaySense personal loan?

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I am self-employed. Will you give me a PaySense personal loan?

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I have zero credit score. Will you give me a PaySense personal loan?

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How do you decide my credit line?

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I need a loan of higher amount than you approved. Can my credit line be changed?

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What documents are required to get a PaySense personal loan?

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How do I apply for a PaySense personal loan?

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How much time would it take to complete my loan application once I have installed the app?

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How much time would it take to get the loan approval once I have completed the loan application?

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After uploading all the documents, why was my loan application rejected?

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When can I get my money after loan approval?

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Are there any hidden fees?

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How much processing fees do you charge?

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How much interest rate do you charge on personal loans?

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Are there any extra charges on late payments?

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What are loan foreclosure / pre-payment charges?

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How can I pay back my loan?

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What is a pre-EMI?

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Can I reschedule my EMI date?

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What happens if I miss my EMI on due date?

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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?

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I want to close my loan earlier than the schedule loan tenure. What is the loan foreclosure process?

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What happens if I don’t pay back?

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My loan has been paid successfully. How do I get my No Objection Certificate (NOC)?

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Is PaySense safe?

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You ask for my internet banking details? How safe is it?

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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?

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My loan application process is incomplete, but my phone got switched off. Do I have to start the application process again?

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I am getting a “Signature not verified” error after e-signing a document. What do I do?

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My netbanking access has been temporarily disabled. What do I do?

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How do I update my contact details (mail ID, phone number, address) in my PaySense account?

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How can I contact your team if I need any assistance?

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When will you support iPhone and Windows phones?

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Why a Mobile Loan from PaySense is the way to go

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Things to Remember while Availing a Mobile Loan from PaySense

Apply for loans of upto ₹5 lakhs easily using your phone or laptop, and pay back on low EMIs
Get a Personal Loan Now

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:

  1. 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.

  2. 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.

  3. 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.