Travel & Holidays Loan
Some travel adventures are worth borrowing for
Get Instant Travel & Holidays Loan up to ₹5 Lakhs Easily
Do you think a loan needs too much effort ?
It just takes three simple steps !
Things to Know
Now get a loan on your own terms with our flexible EMI options and take control of what & when you pay
Are you eligible for a personal loan?
To be eligible to get a personal loan from PaySense, you should fulfil the following eligibility criteria
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
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.
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.
Over 1,20,000 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 43+ cities
and many more
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 travel holidays loan if I'm paid my salary in cash or cheque?
Regardless of how you get your salary, i.e., either in cash or cheque, if you fulfil the eligibility conditions, you can apply for a travel loan from PaySense. However, you are required to submit your bank statement for the last three months as proof of income.
What if I don’t have one of my KYC documents at the moment?
In order to apply for a travel loan from PaySense, you are required to submit all the KYC documents. You have to upload proof of identity, proof of address, proof of income and a photograph. Please ensure that you have all the documents before you start the application process.
Can I take a travel loan to book a ticket for my parents?
Of course. Anyone who fulfils the eligibility terms can take a travel loan from PaySense. Once the amount has been credited to your bank account, you can use the same to book tickets and plan a trip for anyone, including your parents, family or relatives.
Will I have to submit any bills or invoices for my tickets or hotel booking?
No. PaySense offers unsecured personal loans to all its customers. This means that we do not require any collateral or proof of purchase. You are free to use the loan amount for any of your travel needs – tickets, hotel, visa fee, transit, meals.
Can I get the loan amount in cash?
No. PaySense has no provision to offer loans in cash. The loan amount is directly credited to the account linked with the application. However, if you require, you may withdraw the money from your account using an ATM or by visiting your bank branch.
Will I be given with a No Objection Certificate (NOC) after repaying the loan?
Yes. We offer No Objection Certificates to our customers after they have fully repaid the loan. Please get in touch with us at [email protected] with the details of your loan, and we will get back to you.
I have never taken a loan before. Can I take a travel loan from PaySense?
Yes, first-time borrowers and individuals with zero credit score or history can avail travel loans from PaySense, if they fulfil the eligibility conditions for the same.
Is PaySense a bank?
No. We are a financial service provider and have been offering unsecured personal loans since 2015. We are headquartered in Mumbai and have branches in 43 cities.
My city isn’t listed in map of your serviceable cities. Can I apply for a travel loan?
Unfortunately, we offer services only in the 43 cities listed. However, we are growing and expanding rapidly and will soon have a much broader pan-India presence. We request you to check with us in some time.
Can I apply for another personal loan before fully paying off the previous travel loan?
You can borrow a cumulative amount up to your credit line. Thus, if your first loan was lower than the credit line, you can take another loan. However, we recommend closing the initial loan first so that you can be eligible for higher loan amounts in the future.
I have more questions regarding travel loans. Whom should I contact?
Please get in touch with the PaySense customer support team at [email protected] for further assistance.
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.
Which banks and NBFCs have you partnered with?
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.
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.
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.
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.
Am I eligible for a PaySense personal loan?
To be eligible for a PaySense personal loan, you have to meet the following criteria –
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.
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.
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.
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.
What documents are required to get a PaySense personal loan?
To get a PaySense personal loan, the following documents are required –
- PAN Card
- Net banking login information
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.
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.
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.
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.
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.
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.
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.
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.
Are there any extra charges on late payments?
Yes. For late payments on EMI, you have to pay a flat rate of ₹ 500 + GST.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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]
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.
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.
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.
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.
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.
Travel Holidays Loan: The PaySense Advantage
Let’s take a closer look at some of the reasons why applying for a travel loan from PaySense is a better choice than using your credit card or approaching your bank for a loan:No limitation on usage of the loan amount
While most credit cards have an upper spending limit, loans from most banks come with several riders and conditions. Both these challenges are done away at PaySense because you are free to borrow any amount up to your credit line and have complete freedom to decide how to spend it. We put no restrictions on how our customers choose to spend the loan amount.
Paperless application process and same-day approvals
Approaching a bank for a loan usually means carrying a set of documents and letters. However, at PaySense, you just need to upload three KYC documents and a photo on the PaySense mobile app to finish the loan application process. The entire process is digital and paperless and just takes a few minutes. Similarly, once your travel loan application is verified and approved the same day within two hours – unlike banks, which may take several days for the same.
Since all the loan offered by PaySense are unsecured personal loans, we do not require our customers to furnish any kind of security or collateral. This means that you are not required to submit any papers or guaranties while taking a personal travel loan from PaySense.
Flexible EMI repayment plans
PaySense customers get to choose their own EMIs and loan plan tenures. Depending on the loan amount, you will have to choose a loan repayment tenure between 3 and 24 months. Remember, if you choose an EMI amount which is low, your loan will be spread over a longer duration, and if you prefer a higher EMI amount, you will be able to close the loan faster. Please use the PaySense EMI calculator to determine the best repayment plan for you so that you can repay the EMIs without unduly straining your monthly expenses.
Low and fixed interest rates
In addition to offering affordable interest rates on travelling loans – between X% and Y% each month – PaySense also provides its customers with the comfort and stability of fixed EMIs. Since the interest rate is fixed for the entire tenure, the EMI paid by you will also be of the same amount every month. This is unlike traditional banks, wherein a change in the interest rate results in variable EMIs.
Personal Travelling Loans from PaySense: Things to Remember
Borrow what you need
Deciding the loan amount is a critical part of the entire process. Even if your credit line offers you a loan of up to, say, ₹1,50,000 and you only require ₹1,00,000 for your travel plans – apply for an amount that you actually need. A smaller loan amount will be easier to repay and won’t burden your monthly expenses in the future. Thus, always borrow what you need and not what you are eligible for.
Select the best EMI plan
Use the PaySense EMI calculator to choose the best EMI plan for you. Depending on your monthly expenses and other financial commitments, pick a plan that allows you to repay the EMIs on time.
Calculate the benefit of foreclosing the loan
If you receive a bonus or salary hike in your workplace or earn a higher profit from your business, you might naturally want to close the entire loan and be debt-free. However, make sure you calculate the pros and cons of foreclosing the loan before doing so. Like most financial institutions, PaySense also charges a foreclosure fee at the time of prepayment. So if the remaining loan amount isn’t high, it might be wiser to let the loan close naturally. Remember, you can prepay your loan after paying three successful EMIs and that a 4% foreclosure charge will be levied on the remaining loan amount at the time of the foreclosure.
Keep track of your loan application status
The PaySense mobile app offers 24X7 access to your loan application, status and customer profile. Right from the moment you apply, you can keep track of its status using the app. You can also check other information like how many EMIs are left, what is the remaining loan amount, what is your current credit line and when the next EMI is due. You are also provided all necessary updates like approval and disbursal through email and SMS as well.
Never miss an EMI
It is recommended that you always maintain a sufficient balance in your bank account to ensure that the monthly EMI is deducted without any issue. Remember, missing an EMI payment will result in a late fee of ₹500 + applicable GST and also impact your credit history negatively, thus, making it tougher to get future loans.