Take an instant money loan
Take an Instant Money Loan of upto Rs. 5 Lakh
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
Over 2,56,664 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 180+ 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
Whats the quickest way to get money?
How do you apply for a money loan?
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.
Are there any limits on how I may use the money from a Fast Loan?
Where can I receive a money loan online?
Is it possible to acquire a money loan without any documentation?
What is the greatest amount of time a money loan may be used for?
What can I do with the cash from the money loan?
What documents are required to get a money loan?
What is PaySense?
Which banks and NBFCs have you partnered with?
Is taking a personal loan a good idea?
What is the maximum amount of personal loan I can get from PaySense?
What can I use my personal loan for?
How would PaySense personal loan impact my credit score?
Am I eligible for a PaySense personal loan?
I am self-employed. Will you give me a PaySense personal loan?
I have zero credit score. Will you give me a PaySense personal loan?
How do you decide my credit line?
I need a loan of higher amount than you approved. Can my credit line be changed?
What documents are required to get a PaySense personal loan?
- PAN Card
- Net banking login information
How do I apply for a PaySense personal loan?
- 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?
How much time would it take to get the loan approval once I have completed the loan application?
After uploading all the documents, why was my loan application rejected?
When can I get my money after loan approval?
Are there any hidden fees?
How much processing fees do you charge?
How much interest rate do you charge on personal loans?
Are there any extra charges on late payments?
What are loan foreclosure / pre-payment charges?
How can I pay back my loan?
What is a pre-EMI?
Can I reschedule my EMI date?
What happens if I miss my EMI on due date?
- You are sent reminders and notifications
- Your credit score is negatively affected
- A late payment charge is applied
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?
I want to close my loan earlier than the schedule loan tenure. What is the loan foreclosure process?
What happens if I don’t pay back?
My loan has been paid successfully. How do I get my No Objection Certificate (NOC)?
Is PaySense safe?
You ask for my internet banking details? How safe is it?
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?
My loan application process is incomplete, but my phone got switched off. Do I have to start the application process again?
I am getting a “Signature not verified” error after e-signing a document. What do I do?
My netbanking access has been temporarily disabled. What do I do?
How do I update my contact details (mail ID, phone number, address) in my PaySense account?
How can I contact your team if I need any assistance?
When will you support iPhone and Windows phones?
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
- 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.
- 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.
- 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
- 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
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
- 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
- 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.
- 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.
- 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
- Simple process: The application process for a money loan is simple and uncomplicated.
- 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.
- Payment on the spot: The cash will be transferred to your account within 24 hours once your money loan application is accepted.
- Repayment schedules that are adaptable: The EMI on your personal loan can be paid over a period of up to 5 years.
- A significant amount: A personal loan of up to ₹5 lakhs is available.
Reasons Why You Should Take Money Loan From PaySense
- 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
- 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.