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Easy Loan

Getting a Loan is Easy Now

Apply for an Easy Loan and get upto Rs. 5 Lakhs

100% Safe & Secure
100% Safe & Secure
Instant Process
Instant Process
Getting a Loan is Easy Now
Use the EMI Calculator to check plans

Loan Amount

1,30,000Edit
₹5,000
₹1,30,000
₹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
quote
Well happy with paysense app and service thanks for creating this type of app to get immediate fast loan which helps us a lot in our bad time.... hope this will remain same and will grow more with new things all the best team…
When faced with a financial emergency, all that is required is a loan. You can apply for a quick loan using online loan apps that can help you easily apply for loans. There are several different types of loans that can be made available to you quickly and conveniently. One such type of loan is easy loan.
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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

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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
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What is the simplest way to obtain a loan?

The simplest way to into avail an easy loan is to apply for it using PaySense personal loan app.
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Is it possible to acquire a easy loan without submitting any documents?

No, you’d have to submit at least a few identity and bank account related documents to avail an easy loan. Stay sceptical of loan apps offering quick loans without any documents as they can be fishy loan apps.
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What will be the interest rate on my easy loan?

The interest rate or APR on PaySense easy loans ranges from 16% to 36%.
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Who is able to take out an easy loan?

A salaried or self-employed Indian citizen between the ages of 21 and 60 having a monthly income of at least ₹18,000 is able to take out an easy loan. If you live in a metro city, your minimum monthly income must be at least ₹20,000 to qualify for an easy loan from PaySense.
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How can I apply for an easy loan?

The steps to apply for an easy loan are as follows:
  • Install the PaySense personal loan app on your phone.

  • Sign in to the app and verify loan eligibility.

  • Upload your photo and documents.

  • Sign the NACH form and loan agreement.

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What are the characteristics of an easy loan?

An easy loan has the following features:
  • Quick disbursal.

  • Competitive rate of interest.

  • Simple eligibility criteria.

  • Flexible repayment tenure

  • Unrestricted end-use

  • No collateral required

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What may a easy loan be used for?

Small personal loans and payday loans are not exactly the same thing. Payday loans or advance salary loans are loans that are paid off when the salary comes while small personal loans can be taken for longer tenure.
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How good of a credit score do you need to secure an easy loan?

A credit score is a numerical representation of your ability to repay debt. Its a three-digit figure that ranges from 300 to 900 and gives you a glimpse of your credit performance thus far. The score is used to determine your creditworthiness for a loan and the loan terms.A credit score is not a must to secure an easy loan. But, it helps you secure a loan at reduced interest rates.Your credit score is a significant qualifying requirement in the event of an easy loan where the amount is approved and provided without collateral. A credit score of 700 or more is generally deemed good and leads to quick acceptance and low interest rates.
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What is the minimum and maximum loan amount for an easy loan application?

You can apply for easy loan amounts ranging from ₹5,000 to ₹5 lakh using the PaySense personal loan app.
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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.
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Which banks and NBFCs have you partnered with?

Currently, we have partnered with India Infoline and Fullerton to serve bothsalariedandself-employedusers. We are adding more banking partners to provide more options to our users.
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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.
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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.
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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.
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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.
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Am I eligible for a PaySense personal loan?

To be eligible for a PaySense personal loan, you have to meet the following criteria –
  • Resident of India
  • Current city of residence is under our serviceable areas
  • Age: 21-65 years
  • Type of employment:Salaried/Self-employed

  • Minimum Income forSalaried: ₹ 12,000 per month

  • Minimum Income forSelf-employed: ₹ 15,000 per month

  • Have an active netbanking account
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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.
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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.
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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.
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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.
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What documents are required to get a PaySense personal loan?

To get a PaySense personal loan, the following documents are required –
  • Selfie
  • PAN Card
  • Net banking login information
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Are there any extra charges on late payments?

Yes. For late payments on EMI, you have to pay a flat rate of ₹ 500 + GST.
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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.
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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.
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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.
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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.
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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.
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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?

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.
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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.
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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.
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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.
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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.
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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.
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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?

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.
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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?

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]
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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.
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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.
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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.
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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.
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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.
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Apply for loans of upto ₹5 lakhs easily using your phone or laptop, and pay back on low EMIs

What Is An Easy Loan?

An easy loan is a type of loan that is easy to apply and avail. Also, it is an unsecured loan, meaning you don't have to put up any collateral in order to get money. Applying for an easy loan is simple. You do it online and can utilise the funds for nearly any purpose.

Importance of Easy Loan

Following are some pointers showering light on the importance of easy loans:
  • Simple, hassle-free procedure: An easy loan only needs minimal paperwork. The entire procedure of submitting documents online saves a significant amount of time. Some personal loans are accessible right away.
  • You can get easy loans online: Easy loans can be obtained online with only a few clicks on your smartphone, with minimal documentation and prerequisites.
  • No credit score required: Credit score is usually not required for quick loans. Also, because they are usually unsecured loans, no collateral is required.

Why Should You Opt For Easy Loan?

Following are the reasons why you should opt for an easy loan:

Flexible terms: You can choose from a variety of repayment terms and repay the loan at no additional cost.
Reducing balance basis:Another advantage of an easy loan is that you pay both interest and payments as parts of your EMI. This is called reducing balance. So, your principal keeps on reducing with time.

No credit check:Easy loans do not require you to have a good credit score.

Quick approval and disbursement:Easy loans are authorised and disbursed in a matter of hours.

Unsecured credit facility:Easy or quick loans are unsecured loans that do not require you to put up any security or collateral.

When Should You Take Easy Loan?

An easy loan is an ideal choice for you if you have a consistent income and a good credit score. You will be offered a low interest rate when you have a good credit score.
On the other hand, if you have precarious employment and a low credit score, the interest rate offered can be higher. Also, it is not a good idea to apply for a personal loan every time you have a huge payment.

For What Purposes Can Easy Loan Be Taken?

You can avail easy loans for a variety of purposes. Paying off past-due home payments and utilities are just a few examples of unexpected financial demands for which you can apply for a quick loan.
Below are some events for which you may need an easy loan:
  • An unanticipated automobile repair
  • Medical expenses
  • Expenses for the funeral
  • Repairs and improvements to the house
  • Purchases of appliances
  • Costs of relocation
  • Expenses for the wedding
  • Vacation expenses
  • Finance for automobiles

Important Factors To Consider While Getting Easy Loan

Below are some important factors to consider while getting an easy loan:
  • Make sure the amount you borrow is within your repayment capabilities before you take out an easy loan. Late fees can be greater on these loans than on ordinary loans in case you default. You must avoid placing yourself in a financially problematic situation.
  • Consider a lender with a demonstrated track record of offering excellent customer service when applying for an easy loan. There's a chance certain lenders aren't accredited. Make sure you're not a victim of a scam.
  • Keep an eye out for any hidden fees that come with these loans. You should read the loan agreement carefully and enquire about the expenses and fees involved with availing a loan from the lender.

Features And Benefits Of Easy Loan

Following are the features and benefits of an easy loan:
  • Nominal documentation: Easy loans are a dream come true. In comparison to other loans, the procedure of obtaining an easy loan is streamlined with minimum documents. With the PaySense personal loan app, you may apply for a quick loan online and get rapid easy loans with little criteria and documents.
  • Quick access:It is genuinely simple and straightforward to obtain a quick personal loan online. The PaySense personal loan app or website is the ideal platform to use for low-interest quick loans.
  • Spend your money wherever you want:There are no limits on where you can put your personal loan money. It might be for your vacation plans or your new home's makeover. Anyone and everyone has access to it. Your quick loan online is simply a touch away with the PaySense personal loan app.

Reasons Why You Should Take Easy Loan From PaySense

Here are some of the reasons why you must take out a PaySense Easy Loan:
  • Nominal documentation:Easy loans are a dream come true. In comparison to other loans, the procedure of obtaining an easy loan is streamlined with minimum documents. With the PaySense personal loan app, you may apply for a quick loan online and get rapid easy loans with little criteria and documents.
  • No security:Easy personal loans are unsecured, which means you don't have to put up any kind of collateral or asset to get one. With a few clicks, the PaySense app guides you through the procedure.
  • Quick access:It is genuinely simple and straightforward to obtain a quick personal loan online. The PaySense personal loan app or website is the ideal platform to use for low-interest quick loans.
  • Spend your money wherever you wantThere are no limits on where you can put your personal loan money. It might be for your vacation plans or your new home's makeover. Anyone and everyone has access to it. Your quick loan online is simply a touch away with the PaySense personal loan app.

Reasons Why You Should Take Easy Loan From PaySense

Here are some of the reasons why you must take out a PaySense Easy Loan:
  • Online procedure: You may apply for a quick loan without going to a financial institution since you can do it online. Furthermore, you won't have to wait days for the loan to be approved. The complete loan application procedure takes only a few minutes on the PaySense personal loan app.
  • Only basic, minimum paperwork is required: To apply for an easy loan online, you only need a few documents.
  • Flexible repayment choices: PaySense's flexible repayment options enable you to return the money quickly and effortlessly.
  • No limitations on how PaySense Easy Loan is used: There are no restrictions on how you can use the PaySense Easy Loan. In fact, you have total control over how the borrowed money is used.
  • Low personal loan interest rate: PaySense Easy Loans provide a lower personal loan interest rate than credit cards.
  • PaySense Easy Loan is a no-collateral loan: You don't have to put up any collateral in order to avail an easy loan with PaySense.

How To Apply For Easy Loan On PaySense?

Most easy loans require minimal paperwork and may be applied for online using a smartphone. PaySense provides easy loans with annual percentage rates ranging from 16% to 36% for amounts ranging from ₹5,000 to ₹5 lakh. The term of the loan varies from three to sixty months.
You may apply for an easy loan using the PaySense personal loan app as follows:
  • Install PaySense personal loan app.
  • Register/login to the app.
  • Verify your loan eligibility
  • Upload your photo and your Aadhar card, bank statement, and others.
  • Sign the NACH form as well as the loan agreement.