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

Money Loan

Take an instant money loan

Take an Instant Money Loan of upto Rs. 5 Lakh

100% Safe & Secure
100% Safe & Secure
Instant Process
Instant Process
Have Unpaid Payments?
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.
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 money is given to another person in exchange of repayment of the loan principle plus interest, it is referred to as a loan. Personal loan, instant loan, quick loan, cash loan, urgent loan, money loan, instant money loan, etc. are all terms used to describe the unsecured form of borrowing.
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You can use a money loan for unpaid payments, EMIs, trip plans, festival shopping, durables purchases, medical crises, or any other unanticipated or planned event.
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The application procedure for instant money loans is simpler and paperless. You don't need to go to a bank or branch to apply for a money loan as you can do it from anywhere with an internet connection. Instant cash loans are popular among young professionals with high goals who want quick cash on the fly due to their flexibility.
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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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Whats the quickest way to get money?

The quickest way to get money is by applying for a loan on the PaySense instant personal loan app.

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How do you apply for a money loan?

You can apply for a money loan on the PaySense personal loan app in the following manner:

  • Download the PaySense personal loan app.

  • Log in to the app.

  • Check your loan eligibility

  • Upload a photo of yourself as well.

  • Sign the NACH form as well as the loan contract.

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Are there any limits on how I may use the money from a Fast Loan?

There are no limits on the purposes for which you are taking a fast loan. You can use it to meet any expenditure.

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Where can I receive a money loan online?

You can receive a money loan online on the PaySense personal loan app.

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Is it possible to acquire a money loan without any documentation?

No, you have to submit at least a few necessary documents to acquire a money loan.

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What is the greatest amount of time a money loan may be used for?

You can use the cash from the money loan for up to five years before paying it back to your lender.

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What can I do with the cash from the money loan?

You can use the cash from the money loan to buy whatever you please to buy.

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What documents are required to get a money loan?

You need necessary documents like identity proof, address proof, bank statement, etc. to get a money loan.

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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 Money Loan

A money loan is a short-term personal loan issued with minimal paperwork and a quick application process.
Before any money is issued with an instant money loan, both parties agree on the loan conditions. The money loan is not collateralized like a home or car loan.

Importance Of Money Loan

Taking out a money loan has a number of benefits for you, including:

  1. It's a lot easier to get your hands on.
    Money loans are available even to those with weak credit. The conditions for availing money loans are much easier to satisfy, in part because they are usually for a little amount of money compared to the large quantities that are frequently borrowed over a long period of time.
  2. The amount of time it takes for interest to accumulate is reduced.
    Because instant money loans must be repaid fast, their total interest payments are smaller. The amount of interest paid on easy loans is much smaller when compared to long-term loans.
  3. The loan is quick.
    In a short amount of time, your capacity to repay a loan is unlikely to alter dramatically. Because of their shorter maturity terms, money loans are regarded as less hazardous than long-term loans. As a result, the time it takes for a lender to issue an easy loan is reduced.

How Does Money Loan Work

Easy loans are offered without the use of security, such as real estate or other assets. Acceptance of short-term money loans is usually determined by your credit score.
Unlike a conventional personal loan, the instant money loan is intended to be returned within a year, or a few months depending on the loan amount. You'll get a loan offer with a personal loan interest rate and term if your loan request is granted

Why Should You Opt For Money Loan

Some of the benefits of getting the urgent loan from PaySense are as follows:

  • There are no limitations on how PaySense Money Loan can be used: You can use PaySense Money Loan in any way you like. As a result, you have total control over the use of your borrowed funds.
  • You get personal loans with low interest rates: PaySense Money Loans have a lower personal loan interest rate than credit cards.
  • Flexible repayment options: PaySense's flexible repayment options make paying back your loan a breeze.
  • You may apply for a money loan without having to go to a bank since you can do it online: You do not have to wait days for the loan to be approved. On PaySense, the entire loan application procedure takes only a few minutes.

For What Purposes Can Money Loan Be Taken

Money Loan enables you to manage little amounts of expenditure without having to pay a high interest rate on a large principal sum over an extended period of time. A small financial loan might be used to fund a hobby, pay for a wedding, or enroll in a new occupational training course or language lessons.
Urgent loans can be used for a number of reasons, including:

  • Satisfy cash flow requirements in order to continue business
  • Pay for expenses associated with a medical emergency
  • Traveling
  • Renovations to your home
  • Getting out of credit card debt
  • Purchasing a gift for a person you care about
  • Participating in a training programme
  • Updating your electrical devices
  • Purchasing a bike or scooter
  • Taking care of your basic requirements
  • Obtaining funds to cover funeral expenses
  • Expenses incurred as a result of the relocation

Important Factors To Consider While Getting Money Loan

Following are the important factors to consider while availing money loan:
Rates of interest: Your loan's interest rate has a big influence on your financial status. The overall interest expenditure during the loan period is significantly higher when the interest rate is high. As a result, you'll have to pay a lot more to pay off your debt. So, make certain you acquire the best interest rate possible on your money loan.
EMI: EMI is a crucial component of your borrowing experience. It's the total amount you'll have to repay. Failure to make EMI payments may have a negative influence on your credit score and financial wellbeing.
Eligibility criteria: When applying for an instant money loan with a low income, you must thoroughly evaluate and compare the qualifying criteria. You'll have a better chance of getting your loan authorised if you know the terms.
Take a look at additional fees: The loan includes additional expenses such as processing fees and foreclosure charges. Consider all the costs involved before making a decision.
Look at your credit report: Your credit score plays a big role in determining whether or not you can get the urgent loan. A credit score of 650 or above is required when applying for a personal loan.

Features And Benefits Of Money Loan

Following are the features and benefits of money loans:

  1. No usage restriction: Money loans are personal loans that can be used to deal with any form of short-term financial emergency without having to justify it to the lenders.
  2. A loan with no security: To get the loan, you don't have to put up any assets as collateral. So, even if you have no assets, you can get a loan. A money loan is a great option if you have a low income and no major assets. Unlike car and home loans, a money loan does not need you to provide any collateral.
  3. No credit history required: Money loans can be obtained even if your credit history isn't great. Thus, you can be funded, regardless of your credit situation
  4. Simple process: The application process for a money loan is simple and uncomplicated.
  5. No further charges: When applying for a money loan, you don't have to worry about any hidden fees or expenses with PaySense. Loans exact terms and conditions are available for you.
  6. Payment on the spot: The cash will be transferred to your account within 24 hours once your money loan application is accepted.
  7. Repayment schedules that are adaptable: The EMI on your personal loan can be paid over a period of up to 5 years.
  8. A significant amount: A personal loan of up to ₹5 lakhs is available.

Reasons Why You Should Take Money Loan From PaySense

Here are a few reasons why taking a PaySense Money Loan is a smart idea:

  • There are no end-usage limits on the PaySense Money Loan. As a result, you have total control over how the borrowed monies are used.
  • You save time by not having to go to a bank to apply for an urgent loan because you can do it online. The instant cash loan will be granted in a matter of hours rather than days. The complete loan application procedure takes only a few minutes on the PaySense personal loan app.
  • Because it is a no-collateral loan, the instant cash loan does not need you to put up any collateral.
  • PaySense provides Money Loans with interest rates lower than credit cards.
  • PaySense's various flexible repayment options allow you to pay back the money without going bankrupt.
  • Only a basic minimum of paperwork is required. To apply for a money loan online, you simply need to submit a few papers.

How To Apply For Money Loan On PaySense

The PaySense personal loan app allows you to apply for a money loan as follows:

  • Use your smartphone to download the PaySense personal loan app.
  • Check your loan eligibility after logging into the app.
  • To verify your identity, you can use your Aadhar card, bank statement, and other KYC papers. Include a photo of yourself as well.
  • Sign the NACH form as well as the loan contract.
Once your loan application has been approved, the funds will be sent to your account.