Take your home entertainment to another level
Get Instant Television Loan up to ₹5 Lakhs
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
Are you eligible for a personal loan?
To be eligible to get a personal loan from PaySense, you should fulfil the following eligibility criteria
Which documents are required to get a personal loan?
To get a personal loan instantly, you should keep some documents handy before you start applying.
Proof of Identity
PAN Card or Aadhaar Card
Proof of Address
Aadhaar card, Rental agreement, Utility or Postpaid bills
Proof of Income
Last 3 months bank Statements
What is a good credit score required to get a personal loan?
Have you ever been to a bank for a personal loan and got rejected because your credit score was low? Yeah, we get you! Credit Score is a 3-digit number on which banks and NBFCs (Non Banking Financial Corporations, such as loan and insurance companies, co-operative banks, stock broking firms, etc.) evaluate your capacity to pay the loan on time.
Calculate your EMI
Now get a personal loan on your own terms with our flexible EMI options and take control of what & when you pay.
Over 1,20,000 loans disbursed-happy customers
With a continously growing community of happy customers we are disbursing more loans every minute.
- I was really in need of money and you guys saved me. I cant thank you guys enough.. excellent app awesome customer care..I am surely gonna recommend this app to my friends as well.
- My experience with paysense has been a seemless and a good one. Paysense helped a lot in clearing of my bills and at an affordable rate which i can manage per month. I would highly recommend this to my friends. Happy Paysensing 😁
- Excellent Service. Better than Banks ...easy documenation and less paper works and team also very supportive. I would suggest go for this app instead of any banks for loans
- This is my 1st ever app review and Paysense has earned it. They kept their word and within 5 hrs of my application I got my loan amount on my account. This was crazy, no hassle at all. Working at office and getting the loan done was like a magic
- I want to say you many many thanks to your app and your team. You are best loan provider and I wanna be your long time user/customer. Your customer support is awesome and loan process is excellent.
Disbursed till date
Available in 60+ cities
Frequently asked Questions
Now get a loan on your own terms with our flexible EMI options and take control of what & when you pay
My credit score is zero. Can I apply for a television loan from PaySense?
Yes. No matter what your credit score or history is, as long as you meet our eligibility conditions, you can get a loan from PaySense. Remember, you must earn a minimum of ₹12,000 per month (for salaried individuals) or ₹15,000 per month (for self-employed individuals) in order to apply for a loan from PaySense.
Can I buy any television of my choice using the loan amount?
Yes. PaySense has no say in the purchasing process. You are absolutely free to purchase any television of your liking.
What if I want to close my television loan prematurely?
You can choose to do so after paying 3 EMIs successfully. However, a 4% foreclosure charge will be levied on the outstanding loan amount if you choose to prepay your loan. Make sure you calculate the benefit of foreclosing the loan before initiating the process.
Will I be required to visit the PaySense office in-person to submit any documents?
No. The entire television loan application process and KYC verification procedures are digital. You can use the PaySense mobile app to directly upload all the documents required to complete the application process. You will not be required to visit the PaySense office or any other office and can finish the entire process from your home.
Will the interest rate change periodically?
No. PaySense has fixed interest rates, which range from X% to Y% per month. These rates, in addition to being low, are also fixed for the entire loan tenure. To put it simply, the interest rate – and the EMI amount – will not change at any point during the loan tenure.
What if I need more funds to buy accessories like speakers and a Fire TV Stick?
If you have taken a loan lower than that of your current credit line, you may apply for another loan – up to the remaining credit line amount. However, we recommend that you close your initial loan to be eligible for higher loans from PaySense in the future.
Can I get a television loan from PaySense if I get my salary in cash or cheque?
Of course. It doesn’t matter how you receive your salary – you can apply for a television loan from PaySense if you earn a minimum of ₹12,000 per month (if you are a salaried employee) or ₹15,000 per month (if you are a self-employed individual).
Will I be required to submit the bills of my television to PaySense?
No. You do not have to submit any bills to PaySense and we do not have any say in deciding why TV you want to buy.
Will the loan amount be credited to any account of my choice?
The account where you get your salary or deposit your monthly income – and the statement of which you will provide while applying for the loan will receive the loan amount. The EMIs will also be deducted from this account.
Can I get the entire or part of the television loan amount in cash?
No. PaySense has no provision to offer cash loans and the entire loan amount is credit directly to the applicant’s bank within 3-5 working days of the approval. You can withdraw the amount from the AMT or your bank, if you want.
What if I have more questions regarding television loans?
Please write to our team at [email protected] for any further questions or clarifications on television loans.
What is PaySense?
PaySense is a web-based and android app, which gives short-term instant personal loans from ₹ 5,000 to ₹ 2 Lakh, for up to 2 years. Functional in over 50 cities in India, we have enabled dreams and responsibilities of over 10 lakh users.
Which banks and NBFCs have you partnered with?
Is taking a personal loan a good idea?
Yes. A limited salary should not limit your dreams or wishes. It should not discourage you from your responsibilities either. A personal loan is a helping hand, for the times you need that extra boost to your funds. It also helps you build and improve your Credit Score, so that you can avail higher loans later.
What is the maximum amount of personal loan I can get from PaySense?
PaySense gives loans of up to ₹5 lakh, starting from ₹ 5000, so that you can fulfil your dreams and responsibilities without stress. You can also request here if you need a higher loan amount, and we will reach out to you as soon as we can provide you the service.
What can I use my personal loan for?
Once the money is transferred to your account, you can use it as you like it. A few common uses include shopping for mobiles, gadgets and appliances; travelling; medical emergencies; and to pay off credit card bills.
How would PaySense personal loan impact my credit score?
Just as any other loan would. If you pay your EMIs on time, a PaySense personal loan can help you build and improve your credit score. However, if you delay or default, your credit score will decrease. The only difference – we would consider your loan application even if you don’t have a credit history.
Am I eligible for a PaySense personal loan?
To be eligible for a PaySense personal loan, you have to meet the following criteria –
I am self-employed. Will you give me a PaySense personal loan?
Yes. We love people who have the ability to follow their own dreams and be their own boss. And whenever possible, we serve them with an instant personal loan to give them the boost they need.
I have zero credit score. Will you give me a PaySense personal loan?
Yes. Most of the banks and NBFCs require a credit score of 750+ to approve your loan. However, we understand that everybody begins somewhere. And we would love to be that ‘somewhere’ where you begin building a good credit.
How do you decide my credit line?
Your credit line is decided on the basis of your profile, your income, your bank statement and other details you provide to us.
I need a loan of higher amount than you approved. Can my credit line be changed?
Once generated, a credit line cannot be changed instantly. However, credit line changes over time depending on your credit behaviour. If you pay your EMIs and bills on time, it can be increased. The minimum time for credit line reassessment is 3 months. We recommend taking a smaller loan to boost your funds and pay it back on time to get a higher loan the next time.
What documents are required to get a PaySense personal loan?
To get a PaySense personal loan, the following documents are required –
- PAN Card
- Net banking login information
How do I apply for a PaySense personal loan?
You can easily apply for a PaySense personal loan through following steps –
- Download the application.
- Check your eligibility.
- Upload a few documents.
- Get money in your account.
How much time would it take to complete my loan application once I have installed the app?
If you keep all your documents ready before you install the PaySense app, it takes 5 minutes to complete the loan application.
How much time would it take to get the loan approval once I have completed the loan application?
Once you have uploaded all required documents and completed the loan application, our team and our lending partners verify the information provided by you through multiple checks. It takes up to 2 working hours to verify and give loan approval. You can check your loan application status within the app. You also get notified through mail and SMS regarding the status of your loan application.
After uploading all the documents, why was my loan application rejected?
As mentioned, our team and our lending partners run multiple checks to verify the information provided by you. In case of incomplete or wrong information, the application can get rejected.
When can I get my money after loan approval?
Once approved, our team and the lending partners work extra hard to get the money in your registered and verified bank account within 5 working days.
Are there any hidden fees?
No. There are no hidden fees and charges involved when you take a personal loan from PaySense. All the fees and charges like interest rates, loan processing fees, late payment charges and foreclosure charges are mentioned in the loan agreement.
How much processing fees do you charge?
We charge a processing fees of up to 2.5% of the loan amount. The standard GST is also applicable over the processing fees.
How much interest rate do you charge on personal loans?
We charge an interest rate of 1.4% - 2.3% per month, making it easier for you to afford your EMIs.
Are there any extra charges on late payments?
Yes. For late payments on EMI, you have to pay a flat rate of ₹ 500 + GST.
What are loan foreclosure / pre-payment charges?
A loan foreclosure can only be requested after successful payment of first 3 EMIs. You have to pay an additional 4% charge on the principal outstanding at the time of foreclosure.
How can I pay back my loan?
For the users with an active NACH status, the EMIs are auto-deducted. Other users get a customised link within their PaySense account, through which they can pay their EMI.
What is a pre-EMI?
A pre-EMI is the interest paid on the loan amount from the time of disbursement to the date of your first EMI.
Can I reschedule my EMI date?
Currently, the EMI due date is set at 3rd of each month. However, we are working towards a flexible EMI date and will update you soon.
What happens if I miss my EMI on due date?
If you miss your EMI payment on due date, these three things happen –
- You are sent reminders and notifications
- Your credit score is negatively affected
- A late payment charge is applied
If you fail to pay after reminders, a standard recovery process is initiated.
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?
Don’t worry. If the EMI amount has been deducted from your bank account, you can relax. The EMI payment status takes up to 3 working days to reflect in our system. However, if you feel that the payment has failed and need support, you can write to our customer support team at [email protected] with details of your registered account.
I want to close my loan earlier than the schedule loan tenure. What is the loan foreclosure process?
A loan foreclosure can only be requested after successful payment of first three EMIs. To initiate the foreclosure, you have to send a request to our customer support team at [email protected] with details of your registered account.
What happens if I don’t pay back?
If you don’t repay or delay your payments , it impacts your credit score negatively. This, in turn, impacts all your future loan applications negatively, whether through PaySense or any other provider. Also, if a user fails to pay after repeated reminders, our lending partners start the standard recovery procedures.
My loan has been paid successfully. How do I get my No Objection Certificate (NOC)?
To request an NOC, please write to our customer support team at[email protected]with details of your registered account.
Is PaySense safe?
Yes, indeed! Using PaySense app to get a personal loan is absolutely safe. Any sensitive and personal information is encrypted and kept safe through SSL protocol. We do not share your information with any marketing agency of third-party associates. Over 10 lakh users trust PaySense with their personal, sensitive and financial information.
You ask for my internet banking details? How safe is it?
You netbanking details are required to verify your income through your bank statements. Let us assure you, it is completely safe. We do not have access to your details – we do not store any information.
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?
Depends. Within 2 months of checking your credit line, you can log in and continue your loan application from where you had left.
However after 2 months, the credit line might get reassessed and you would need to fill in your details again to get a new credit line and proceed from there.
My loan application process is incomplete, but my phone got switched off. Do I have to start the application process again?
Don’t worry. Your loan application progress is saved in our app. Just log in to your PaySense account and resume from where you had left. For further assistance, you can write to our customer support team at[email protected]
I am getting a “Signature not verified” error after e-signing a document. What do I do?
Make sure that the signature you upload is made using black ink on a blank sheet. In case of a failed verification or a signature mismatch, contact our customer support team at [email protected], and our team members will help you complete your loan application.
My netbanking access has been temporarily disabled. What do I do?
If you are unable to access your netbanking account, please get in touch with your bank and resume your loan application once you can log in to your netbanking account again. Alternatively, you can write to our customer support team at [email protected], and our team members will help you complete your loan application. However, we cannot verify your bank account ownership without netbanking access and hence, we will be unable to provide instant disbursal of your loan amount.
How do I update my contact details (mail ID, phone number, address) in my PaySense account?
To update your contact details, contact our customer support team at [email protected] with the information you want to get updated and we will process your request at the earliest.
How can I contact your team if I need any assistance?
For any assistance, write to us at [email protected]with your registered E-mail ID, registered phone number and your query/request in detail. We insist on providing as many details in the e-mail since sensitive information related to your KYC details and money are involved.
When will you support iPhone and Windows phones?
We might support some of these phones and operating systems in future, but we do not have fixed launch dates for them yet.
Advantages of an instant television loan from PaySense
Let us explore in detail the benefits of taking a TV loan from PaySense. Here’s why it is better than a credit card or asking your friends or family for money:No capping on the loan amount
If you wish to buy a television using your credit card, your choice will be limited to the TVs that cost less than your credit card limit. Most credit cards have a maximum amount limit and if the television that you want to but is more than that, you won’t be able to purchase it. On the other hand, after selecting a television of your choice, you can simply apply for a personal television loan amount of the same from PaySense. If your current profile allows, your loan application will be approved instantly.
Quick disbursal of funds
Banks are infamous for their prolonged application process and cumbersome verification procedures. It might take several weeks before a bank approves and processes your loan application. However, at PaySense, loans applications that have all the required documents are granted approvals within two working hours on the same. What’s more, we also disburse the loan amount directly to your bank within 3-5 working days post the approval.
Freedom to Choose EMIs and Tenure
At PaySense, you have the liberty to choose an EMI amount of your choice and decide the loan repayment schedule. For an expensive television, this can help you spread the cost over several months and prevent undue pressure on your monthly finances. We also have the PaySense EMI Calculator to assist you in choosing the most suitable EMI amount that suits your requirements. Depending on the TV loan amount, you can repay it in easy monthly instalments over the next 3 to 60 months.
Low and fixed interest rates
A high-interest rate is one of the biggest reasons why people avoid taking a loan from a bank or any other financial institution. Then, the revision of interest rates every few months means that there is no stability in the EMI amount. At PaySense, however, in addition to having some of the lowest interest rates in the market – from X% to Y% per month – we also keep them fixed. In other amount remains consistent during the entire loan period.
Things to Remember While Taking a Television Loan from PaySense
Choose the loan amount with caution
Always go for a loan amount that you need, regardless of your credit line. For example, if the cost of the television that you intend to buy is ₹80,000 but you are eligible for a loan up to ₹1,50,000 – it’s advisable to apply for a TV loan for ₹80,000 only. This will prevent you from undertaking any avoidable purchase and also help you in repaying the loan comfortably. You can always apply for another loan – up to remaining credit line limit – if you need more funds in the future.
Select the best EMI repayment plan
Make use of the PaySense EMI Calculator to choose the most suitable EMI plan. If you go for a lower EMI, your loan tenure will stretch over more months and vice versa. Thus, you need to ensure that both the factors – the EMI amount and the loan tenure – are taken into consideration while choosing the repayment plan. A carefully-chosen EMI repayment plan will help you manage your monthly with the EMIs.
Decide if foreclosure is the best option
If you get a windfall
If you get a windfall and decide to repay your loan amount prematurely, stop to consider its benefits. While it may be tempting to become debt-free immediately and save some money, you might end up losing more money if the number of EMIs left isn’t very high. Remember, a 4% foreclosure charge is levied on the outstanding loan amount.
Borrow from a trusted lender
Compare the interest rates and charges of different online lenders before you apply for a loan. PaySense has become a trusted and reliable name in the industry and has gained rapid popularity owing to its simple application process, customer-friendly policies and lower interest rates. Customers also enjoy instant approvals, quick disbursal, paperless KYC, zero collateral and flexible PaySense.
Always pay the EMI on time
Always maintain a minimum balance in your account to allow the monthly EMI to be debited smoothly. Missing out on an EMI will not only evoke a late fee of ₹500 + GST, but will also impact your credit history with PaySense. Since the EMI amount is fixed and debited on a fixed date every month, make sure your monthly expenses are balanced accordingly. Repaying the loan on time will make you eligible for a higher credit line and process your loan application without undergoing the KYC again.