Personal Loan for Salaried
We understand your need for urgent cash
Get Personal Loan for Salaried Individuals up to ₹5 Lakhs
Loan Amount
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
Eligibility Criteria
Documents Required
Credit Score
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.
Disbursed till date
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Loans Disbursed
Available in 300+ cities
Agra
Ahmedabad
Ahmednagar
Allahabad
Almora
Anand
Bankura
Bengaluru
Bharuch
Bhopal
Bhubaneswar
Chandigarh
Chennai
Coimbatore
Cuttack
Dehradun
Delhi
Ernakulam
Faridabad
Gandhinagar
Ghaziabad
Ghazipur
Goa
Frequently asked Questions
Now get a loan on your own terms with our flexible EMI options and take control of what & when you pay
Can I get a personal loan if I'm getting salary in cash/ cheque?
Can I get a personal loan without a salary slip/ payslip?
Can I get a personal loan without the salary ITR?
Can I get a personal loan on the first month’s salary?
Can I take a personal loan of INR 200,000 if my total gross salary is INR 16,000?
Can I deposit the personal loan amount in my salary account?
Can I get a personal loan if my salary is INR 15,000 or below INR 20,000/ 18,000?
I have never taken a loan before. Am I eligible for personal loans?
I need a higher loan amount than what I have been approved for. What do I do?
Whom do I contact if I have further doubts regarding personal loans?
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?
How do I apply for a PaySense personal loan?
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?
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?
Snapshot of the Unsecured Personal Loan Industry in India
Why Avail Unsecured Personal Loans for Salaried Individuals?
Types of Unsecured Personal Loans for Salaried Employees in India
Points to Remember while Availing Unsecured Personal Loans
There comes a point in life when we do go through financial duress. There may be a medical emergency, a life event like a wedding, or something fun like really long-due international holiday after a couple of years of hard work which will need a lot of financial resources. If you are not in a position to be able to fun that on your own out of your savings, then opting for apersonal loan is the next best option. Most of the times, it is us salaried people who might have to think twice before spending. Hence, you should check out personal loans for salaried. We even have personal loans for those who have a salary less than INR 15,000.
What are a Personal Loans for Salaried People?
Salaried individuals are those who have to manage their funds through their monthly fixed incomes. For some, this might become difficult in case of an unplanned expense. This could be a reason for those who are not receiving a high salary with yearly bonuses being few and far between. So, if they are staring down the barrel of a large expense that will eat into savings or utilize a large percentage of their salary, a personal loan for salaried employees come to the rescue.
Features and Benefits of Personal Loans for Salaried Employee
- Instant loans: Get instant personal loan for salaried employees from up to ₹5 lakhs to help fulfill your needs or requirements.
- Quick approvals and disbursals: Instant loan approvals and disbursement of loan amount to your preferred bank account.
- Easy Collection of documents: Doorstep collection of documents. Just sign and hand over the required documents to the courier. All social distancing rules are followed.
- Affordable EMI plans: Easily manageable monthly installment plans with multiple reminder system and auto-debit features to ensure you do not miss out on timely re-payments.
- No credit history required: Never taken a loan previously? It’s okay – we serve those who are new to credit and lending system.
How to Apply for Personal Loans for Salaried People
Applying for a personal loan for salaried employees has never been easier. Here at Paysense, we have a three-step approach to help you reduce your financial burden.
- Check eligibility and select a personal loan plan
- You must be a resident of India.
- You must be between the age of 21 and 60.
- You must be either employed with a company.
- You must have a minimum income of INR 18,000 per month.
- Upload KYC Documents
- Proof of identity: Either of your PAN card or Aadhaar Card
- Proof of Address: Either of your Aadhaar card, Rental agreement, Utility or Postpaid bills.
- Proof of income: Bank statements of the last three months.
- Picture: A nice clear selfie image.
- Loan disbursement
The eligibility criteria to get a personal loan or an instant loan personal loan for salaried people are:
We have digitized the entire personal loan application process. If you are looking for a personal loan, then you must know that the entire process is paperless. Once you upload all required documents, you get an approval within two working hours. The documents needed to apply for a personal loan for salaried employees includes:
Once your personal loan for salaried employee is approved and the application process is complete, your money will be credited to your bank account.