PaySense and LazyPay, PayU’s consumer lending business, merge to build a full-stack digital lending platform in India.Learn more

Low-Interest Loan

Get loans at attractive interest rates

Get Instant Low Interest Loan upto Rs. 5 Lakhs

100% Safe & Secure
100% Safe & Secure
Instant Process
Instant Process
Loans with Low Interest, really?
Use the EMI Calculator to check plans

Loan Amount

1,30,000Edit
₹5,000
₹1,30,000
₹5,00,000
Loan Term
EMI (per month)
Total interest
*The tenures shown here are indicative. Actual tenures may vary depending on your eligibility.
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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…
Low interest loans are readily available for customers in varying categories nowadays. There are loans available at competitive interest rates nowadays and this is a major boon for people who need funds for varied purposes.
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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 are my options for borrowing a low interest amount?

You can compare interest rates online or apply at PaySense which offers low interest loans for borrowers.

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What is the lowest interest loan that I am eligible for?

The interest rates vary across lenders. You can check your eligibility on PaySense by entering a few basic details.

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Who is the best person to take a low interest loan from?

You can consider a lender with a quick and hassle-free application process. PaySense is an option worth trying in this regard.

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How much can I get a low interest loan for?

This varies across lenders. Check interest rates carefully before applying. The minimum and maximum amounts also vary. PaySense, for example, offers loans between Rs. 5,000 and Rs. 5 lakh.

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Are low interest loans and payday loans the same thing?

No, low interest loans literally mean loans at comparatively lower or reasonable rates than the industry standards. Payday loans are salary advances or loans given against the salary and they have slightly different terms and conditions for repayment in most cases

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What papers are necessary when applying for a low interest loan?

In most cases, you will require KYC documents like your identity and address proof, in tandem with your income documents. PaySense only requires basic KYC details and net-banking/bank statements for 3 months as your income proof, for example.

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What are the most significant terms of a low interest loan repayment?

In most cases, you will have to repay the loan as per your chosen EMI plan and tenure. You will have to repay on an allotted due date every month, failing which, there are penalties applicable. If you have chosen auto-debit, then the money will be debited from your account likewise.

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Is there a limit to how many low interest loans I may take at once?

While there are no such specific limits, you should apply only on the basis of your eligibility and repayment abilities. If you can comfortably repay multiple low interest loans then may consider going ahead. However, it is advisable to take and repay a single loan at a time, before proceeding further to other options.

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What is the difference between receiving a low interest loan from a regulated lender and getting a loan from a moneylender?

Getting a low interest loan from a regulated financial institution/lender is always a better option. Not only do you get a transparent and competitive interest rate, you also get a firmly regulated and governed procedure where you choose your tenure, EMI plan and amount. You then repay as per the pre-agreed guidelines and there is an official and binding agreement. You also get various benefits in terms of services and an easier application procedure. Getting a loan from a moneylender means taking a loan from an unorganized sector. You will have to pay higher rates of interest, while being subject to more stringent terms and conditions with some other risks as well. At the same time, such arrangements will not be legally under the aegis of the financial sector regulators. Hence, avoid the second option by all means.

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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 a Low Interest Loan?

A low interest loan is one which comes with an attractive rate of interest, one that is lower than conventional industry rates in many cases. These loans are usually sanctioned quickly and are similar to personal loans.

Importance Of Low Interest Loan

Low interest loans have their own importance, since they come at comparatively attractive interest rates, making them suitable for every borrower who wants a convenient and flexible EMI/repayment plan. Everyone wants higher savings on their loans and this is why low interest loans are important. They are also sanctioned faster than many other types of loans.

How Does Low Interest Loan Work?

In most scenarios, customers have to apply online after providing a few basic details and checking their loan eligibility. Thereafter, once they get approval for a certain limit or Credit Line in some cases, they can upload and complete formalities online itself. After the final approval and their choice of tenure and EMI plan, the money is disbursed to their accounts.

Why Should You Opt For Low Interest Loan?

You should opt for low interest loans if you want higher savings on your overall loan expenditure or monthly outgo. You should opt for these loans since they are sometimes quicker to obtain as well. You can choose these loans if you want a more convenient and manageable EMI or repayment plan.

When Should You Take Low Interest Loan?

You should take low interest loans if affordability is of paramount importance to you.Apply for these loans if you can only repay with a convenient EMI plan. You should apply for these loans when you need quick funding for any reason and want a fully digital procedure as well.

For What Purposes Can Low Interest Loan Be Taken?

You can take a low interest loan for varied reasons including the following:

  • Wedding expenses.
  • Higher education costs.
  • Urgent bill or fee repayments.
  • Business expenses or working capital requirements.
  • Medical costs.
  • Home renovation or repair expenses.
  • Buying or replacing crucial appliances and other gadgets.

Important Factors To Consider While Getting Low Interest Loan

  • The interest rate and tenure.
  • The EMI plans on offer.
  • Your credit score (since it will influence your loan application).
  • Your eligibility.

Features And Benefits Of Low Interest Loan

  • Convenient and digital application and approval process.
  • Ready availability for meeting various needs.
  • Attractive and reasonable rate of interest.
  • Availability of smaller loan amounts as per requirements.
  • Quick approvals and disbursals of loans.

Reasons Why You Should Take Low Interest Loan From PaySense

PaySense offers attractive interest rates on loans along with the following benefits:

  • Loans from Rs. 5,000 to Rs. 5 lakh.
  • Easy and affordable EMI plans.
  • Loans for even those without any credit history.
  • 100% paperless and online procedure.
  • Easy online application and eligibility checker.
  • Easy document uploads and digital signature facilities.
  • Auto-debit and reminder features.
  • Fast approvals and disbursals.

How To Apply For Low Interest Loan On PaySense?

You can readily apply through the following steps:

  • Check eligibility online by entering some basic details.
  • Get your Credit Line or loan limit.
  • Now choose the amount you wish to borrow along with the tenure/EMI plan.
  • Upload your documents online and digitally sign the loan agreement and other forms.
  • Get instant approval and disbursal of funds to your account.