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

Quick Loans

A loan for every need

Get Quick Personal Loans up to ₹5 Lakhs Easily

100% Safe & Secure
100% Safe & Secure
Instant Process
Instant Process
quote
Great app. It does what it says and can be of very help to get personal loans. It’s absolutely wonderful. Looking forward to have a long term association with you guys.
Get Quick Personal Loans up to ₹5 Lakhs Easily
The only thing constant in life is change. While you might be living a financially secure life now with a stable income and decent savings, unexpected surprises often catch you off guard. While the surprises are not always bad, many of them can leave you stranded emotionally and financially. While the emotional blow will only heal with time, financial hardship is something that often requires instant solutions.From medical emergencies, job loss, car or bike accidents, there are several events in life where you can need more funds than you might have in your savings account. While we often rely on our family and friends for such urgent needs, most of us know very well how financial matters can spoil relationships. A more convenient alternative is taking an instant loan from PaySense.We offer quick loans of up to ₹5 lakhs with instant approval and disbursal to make sure that you are able to meet all your financial emergencies effectively. With flexible repayment plans, minimum documentation, and basic eligibility requirements, an instant loan from PaySense is an easy and hassle-free solution for times when you need quick access to financial assistance.Apart from emergencies, even expenses such as home renovation or repairs, family vacation, or even buying the latest mobile can be efficiently managed with our instant loans. The loans are available at highly competitive interest rates for a duration of up to 2 years. This ensures that you have adequate time to repay the loan while also managing your other monthly expenses.Apart from our online portal, you can also use our mobile app for Android to apply for an instant loan. This on-the-go facility ensures that you can easily apply for a loan anywhere and anytime. With approvals within 2 hours and disbursal within 5 working days, PaySense is your reliable companion at times of need. Moreover, we are now available in more than 43 cities all over the country to make sure that more and more people are able to benefit from our loan offerings. ... +more

Do you think a loan needs too much effort ?

Getting a loan was never this easy

Instant loans
Instant 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
Easy Collection of Documents
Easy Collection of Documents
Doorstep collection of documents; just sign & hand over the required documents to the courier
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 loans
One-click subsequent 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 loan previously? It’s okay - we serve the users who are new to credit and lending system.

It just takes three simple steps !

1
Check eligibility and select a loan plan
Fill in a few basic details to check your eligibility for PaySense instant loans and get a Credit Line. A Credit Line is the total amount of loan you can get from PaySense. To maintain EMIs better, it is recommended that you take a loan of only up to 50% of your approved line of credit. 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.... +more
2
Upload KYC Documents
To get your 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.... +more
3
Get your money
Once your loan is approved and the application procedure is complete, your money will be directly transferred to your account quickly... +more
Check eligibility and select a 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

Documents Required

Credit Score

EMI Calculator

Eligibility Criteria options

Eligibility Criteria

Are you eligible for a personal loan?

To be eligible to get a personal loan from PaySense, you should fulfil the following eligibility criteria

Documents Required options

Documents Required

Which documents are required to get a personal loan?

To get a personal loan instantly, you should keep some documents handy before you start applying.

  • Proof of Identity

    PAN Card or Aadhaar Card

  • Proof of Address

    Aadhaar card, Rental agreement, Utility or Postpaid bills

  • Proof of Income

    Last 3 months bank Statements

  • A Selfie

Credit Score options

Credit Score

What is a good credit score required to get a personal loan?

Have you ever been to a bank for a personal loan and got rejected because your credit score was low? Yeah, we get you! Credit Score is a 3-digit number on which banks and NBFCs (Non Banking Financial Corporations, such as loan and insurance companies, co-operative banks, stock broking firms, etc.) evaluate your capacity to pay the loan on time.

Range
Grade
0 or -1
No Credit History
300 - 550
Bad
551 - 649
Poor
650 - 699
Fair
700 - 749
Good
750 and above
Excellent
EMI Calculator options

EMI Calculator

Calculate your EMI

Now get a personal loan on your own terms with our flexible EMI options and take control of what & when you pay.

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.

Over 1,20,000 loans disbursed-happy customers

With a continously growing community of happy customers we are disbursing more loans every minute.

testimonial-illustration
PaySense app screenshots
Download the PaySense App
Enjoy a faster & easier loan application process with our Android App

Disbursed till date

App Downloads

Loans Disbursed

We offer personal loans in all the major cities across India

Available in 43+ cities

Ahmedabad
Anand
Bengaluru
Bharuch
Bhopal
Chandigarh
Chennai
Coimbatore
Faridabad
Gandhinagar
Ghaziabad
Goa
Guntur
Gurgaon
Hyderabad
Indore
Jaipur
Jodhpur
Kolkata
Kota
Medak
Mehsana
Mohali
Mumbai
Mysore
Nagpur
Nashik
Navi Mumbai
Nellore
and many more
loans available in major cities in india

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
Others
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Can I take an instant loan from PaySense to purchase new furniture for my home?

Yes, our instant loans can be used for any of your financial needs. From buying new furniture, appliances, to renovating your home, you can use the loan any way you like.

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I am a doctor planning to open a new clinic. Can I get an instant loan?

Yes, PaySense offers instant loans to salaried as well as self-employed individuals. As long as you meet our eligibility requirements, you can get an instant loan.

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Is the interest rate fixed throughout the tenure?

Yes, the interest rate remains the same throughout the duration of the loan. This ensures that your monthly EMIs remain fixed and you can plan your monthly budget with more transparency.

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How to use the EMI calculator?

Adjust the loan amount in the calculator, and you can see EMI plans for the same. We offer instant loans from ₹5,000 to ₹5 lakhs for 3 months to 60 months. By adjusting the loan amount in the calculator, you can see how the EMI amount changes for different loan tenures.

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Can I visit PaySense office?

While you are not required to visit us with regards to the loan as the whole process is online, you are still welcome to our office any time you like. You can check our complete address by clicking on the “Contact Us” page.

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Can I get a loan higher than ₹5 lakhs from PaySense?

While we generally offer loans of up to ₹5 lakhs, we can consider your requirement of a higher amount. You can send us an email at [email protected] for the same.

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Is PaySense a bank?

No, we are a financial service provider headquartered in Mumbai. PaySense was founded in 2015 to make borrowing more straightforward and transparent for the Indians.

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My city is not under the list of your serviceable cities. Can I still get an instant loan from PaySense?

We are now available across all the major cities in India. However, if your city is not under the list of 43+ cities in which our services are now available, we will not be able to process your request. We are currently working on our expansion and will soon cover the entire country.

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This is the first time that I am applying for a loan. Can I get assistance for the application process?

Yes, you can send an email with your query to our customer support department at [email protected], and we will offer all the assistance you need.

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Is PaySense safe?

PaySense is as safe as any reputed bank of NBFC. Rest assured that all your confidential details remain protected at all times.

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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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Why Should You Consider Instant Loans?

  • Quick Approval and Disbursement


    As the name suggests, instant loans are popular for their quick approval, processing, and disbursal. At PaySense, once you have successfully submitted your application form along with the required documents, our team approves the loan within 2 hours. The entire application process is managed online and on approval, the loan amount is directly deposited into the bank account of the customer. As a result, instant loans are a go-to option for anyone looking for a quick loan.



  • Flexibility to Use the Loan Amount


    Unlike many other types of loans such as a car loan, home loan, or education loan, an instant loan does not require you to use the loan money for any particular cause. You are completely free to use the loan money any which way you like. No matter if you want to manage a medical emergency or take care of your necessary expenses when you are between jobs, an instant loan can accommodate any of your financial needs.



  • Competitive Interest Rate


    Gone are the days when unsecured loans used to be expensive. In this digital age where lenders harness the power of the internet to offer loans, the interest rates are now highly affordable. We provide instant loans at X% to Y% per month to help you manage your financial emergencies with ease. The loan can be repaid in easy monthly instalments over a period of up to 2 years. We also activate the NACH (National Automated Clearing House) status of our customers to automatically debit the EMI amount from their bank account on a fixed date every month to offer enhanced convenience.



  • Easy Documentation


    If you have ever taken a loan in the past, you might already know how complicated and time-consuming the documentation process can be. A lot of people avoid taking loans just because they do not have the various documents required for the loan. At PaySense, we have eliminated this complicated documentation procedure by only requiring our customers to submit a few necessary documents. All the documents are uploaded online to make sure that our customers are never required to visit us physically.



  • Tax Benefit


    Unsecured loans such as instant loans are not very popular for their tax benefits as the benefits are only available when the loan amount is used for a few particular reasons. For instance, if you take an instant loan for construction or purchase of a property, you can claim deductions of up to ₹5 lakhs. Similarly, if the loan amount is used for business or for purchasing other assets such as jewellery or equity shares, there are IT laws that can offer considerable tax savings.



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Points to Remember When Taking an Instant Loan

If you want to make sure that you select a reputed lender and the whole process of taking an instant loan and repaying it is smooth and hassle-free, make sure that you keep the below-mentioned points in mind-

  • There is More to a Lender Than Just the Interest Rate


    Most borrowers in India prefer selecting lenders based on the interest rate. Lenders know this, and they often use misleading advertisements to attract customers. Know that while the interest rate is essential, there are many other factors that one should keep in mind when selecting a lender. Consider factors such as the reputation of the lender, fees and charges, repayment tenure, application procedure, and customer support to make the right decision.



  • Read the Loan Document Carefully


    It is mandatory for every lender to provide all the details with regards to the loan in the loan agreement. A lot of borrowers avoid reading the agreement only to face rude surprises in the future. You should always read the loan agreement carefully to make sure that there are no hidden charges or clauses that might not suit your requirements. While this can take some time, it is for your good.



  • Select the Loan Amount Carefully


    It is based on the loan amount that your monthly EMI will be calculated. While taking an instant loan is easy, it is imperative to only borrow what you actually need. Late payments and defaults will not just result in penalties but will also affect your credit score negatively. Use the EMI calculator to calculate the loan EMI easily and only borrow what is needed. .



  • Check How You Can Connect to the Lenders Support Department


    Loans can be complex, especially if you have taken one for the first time. Thus, it is crucial for your lender to have a knowledgeable and easily accessible support team to help the customers. When taking an instant loan, make sure that you check how you can get in touch with the support department in case of any query.



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