help Need Help?
PaySense app screenshots
Download the PaySense App
Enjoy a faster & easier loan application process with our Android App

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

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
+

What is a loan app?

Borrowers use a loan app to avail of a loan. Using a mobile loan app, you can apply for a loan and upload documents digitally from the comfort of your home. Some of the mobile loan app features include instant processing, minimal paperwork, and attractive interest rates. Avail of a personal loan of up to ₹5 lakhs using the PaySense instant personal loan app.

... +more
+

How to download the PaySense personal loan app?

You can download the PaySense instant personal loan app from the Google Play store and install it on your smartphone or tablet.

... +more
+

How does an instant loan app work?

The instant loan apps offer their users a convenient way to apply for a loan from anywhere and at any time. You are required to apply for a loan and submit the necessary documents. Then, you can check the status of your loan on the app. Once the loan is approved, the funds are transferred to your bank account. The PaySense mobile loan app offers not just an instant application process but also instant approvals.

... +more
+

Which app loans money?

PaySense is one of the best instant loan apps in the country that loans money.

... +more
+

Which loan app is reliable?

A credible loan app is reliable. PaySense has partnerships with India`s leading NBFCs such as Credit Saison India, IIFL, Fullerton India, PayUFinance, and IDFC First Bank.

... +more
+

What is the easiest loan to get approved for?

Loans such as app-based instant personal loans, advance salary loans, and short-term loans are the easiest to get approved for.

... +more
+

Which apps give loans faster?

The PaySense mobile loan app gives out faster loans. It is one of the best instant loan apps in the country.

... +more
+

How can I get a loan instantly without documents?

You can get an instant loan with zero or minimal documents using online loan apps. You can get a personal loan in a short time and a hassle-free manner with PaySense.

... +more
+

How can I get emergency money fast?

You can use PaySense mobile loan app to get emergency money fast. PaySense approves a loan application within two working hours. The funds are disbursed into your bank account in some days after approval. PaySense is one of the best instant loan apps in the country.

... +more
+

How can I get a loan fast with no credit check?

No credit check loans are for people with a low CIBIL score or a bad credit history. Lenders offering no credit check loans require income proof to grant the loan, and the interest charged on the loan is immense. PaySense does not require you to have a high credit score to take a fast online loan.

... +more
+

Is 600 a good CIBIL score?

CIBIL score between 720 and 750 is usually considered good to avail a personal loan. On the other hand, a credit score under 600 is deemed inadequate to get personal loans. However, PaySense does not require you to have a high credit score.

... +more
+

How can I get a personal loan immediately through an app?

You can use PaySense mobile loan app to get a personal loan immediately.

... +more
+

How to borrow money from apps?

You can apply for a loan on online loan apps. Generally, you need to download the app, fill in your basic details, and upload documents to apply for a loan. It takes a few hours to get loan approval. You need to link your bank account for loan disbursement directly into your account.

... +more
+

What is the PaySense app?

PaySense is a personal loan app that offers personal loans from ₹5,000 to ₹5,00,000 at attractive interest rates, zero collaterals, and flexible EMIs. Loan applications are fast and straightforward with the PaySense Android App. PaySense is one of the best instant loan apps in the country.

... +more
+

How does the PaySense Personal Loan App work?

You can easily apply for a personal loan on PaySense by following these simple steps: download the application, create an account, check your eligibility, apply for a loan, upload a few documents, and get money transferred to your account. PaySense is one of the best instant loan apps in the country.

... +more
+

How can I get a 2 lakh loan quickly on PaySense?

You can quickly get a 2 lakh loan on PaySense by applying for it on the PaySense personal loan app. The entire process from downloading the loan app to loan disbursal is online with no physical work. So, getting credit through Paysense is quick.

... +more
+

Is PaySense safe?

Yes, getting a personal loan from PaySense is safe. All your personal information is encrypted and kept safe through SSL protocol. Your information is not shared with any third-party associates. PaySense is one of the best instant loan apps in the country.

... +more
+

What is the interest rate of PaySense?

PaySense charges an interest rate of 1.4% to 2.3% per month on personal loans availed from its app. This translates to an Annual Percentage Rate (APR) of between 16% and 36% on a reducing balance basis.

... +more
+

Is PaySense registered with the RBI?

PaySense provides an online platform to its consumers through NBFCs such as IIFL, Fullerton India, Credit Saison India, PayUFinance, and IDFC First Bank that are registered with RBI.

... +more
+

How do I contact PaySense?

You can contact PaySense using any of the following mediums:

  • E-mail: [email protected]
  • Twitter: @gopaysense
  • Office Address: Jaivilla Dev Shakti, 49 Tilak Road, Navyug Colony, Santacruz West, Mumbai, 400054
... +more
+

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.

... +more
+

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.

... +more
+

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.

... +more
+

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.

... +more
+

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.

... +more
+

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.

... +more
+

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
... +more
+

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.

... +more
+

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.

... +more
+

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.

... +more
+

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.

... +more
+

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
... +more
+

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.
... +more
+

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.

... +more
+

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.

... +more
+

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.

... +more
+

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.

... +more
+

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.

... +more
+

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.

... +more
+

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.

... +more
+

Are there any extra charges on late payments?

Yes. For late payments on EMI, you have to pay a flat rate of ₹ 500 + GST.

... +more
+

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.

... +more
+

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.

... +more
+

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.

... +more
+

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.

... +more
+

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.

... +more
+

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.

... +more
+

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.

... +more
+

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.

... +more
+

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.

... +more
+

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.

... +more
+

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.

... +more
+

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.

... +more
+

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]

... +more
+

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.

... +more
+

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.

... +more
+

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.

... +more
+

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.

... +more
+

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.

... +more

Introduction

We live in a world where we can get anything and everything with just a click, and getting a personal loan is not an exception either. Nowadays, you can easily and quickly avail of an instant personal loan using a personal loan app like PaySense. 

Instant personal loans are unsecured loans that you can avail without pledging any collateral. In addition, online loan apps have many other benefits like easy access, fast and easy loan application and disbursal, usability for any purpose, minimal documentation, flexible repayment, etc. 

Download the PaySense instant personal loan app to avail of a loan online.

About PaySense

PaySense aims to provide simple, transparent, and convenient access to credit to Indian borrowers. The fintech startup was founded in 2015 and is based out of Mumbai.

PaySense uses advanced data sciences to make credit available, doing away with complex application processes, difficult physical proofs, and long waits.

PaySense has partnerships with India's leading NBFCs such as Credit Saison India, Fullerton India, IIFL, PayUFinance, and IDFC First Bank, registered with the RBI.

PaySense Personal Loan App

PaySense is an online loan app that gives short-term instant personal loans from ₹5,000 to ₹5 lakh for up to 5 years. The loan app is functional in over 60 cities in India.

It is safe to use the PaySense online loan app to avail of a personal loan. All your personal information is encrypted and kept safe through SSL protocol. The mobile app, as well as the online portal of PaySense, are completely secure. All your details remain confidential with the latest security solutions.

Quickly get a personal loan of up to ₹5 lakhs with the PaySense personal loan app.

Features of PaySense Personal Loan App 

PaySense offers personal loans online. Below are some of the features of the PaySense instant personal loan app:

  • Instant personal loans: PaySense disburses personal loans quickly

  • Zero credit history: PaySense does not need you to have a high credit score

  • Easy documentation: Document collection is simple with PaySense

  • Quick approvals and disbursals: PaySense approves loans within two hours

  • Affordable EMI plans: PaySense offers personal loans at attractive interest rates

  • One-click subsequent loans: Once you are registered and have transacted with PaySense, availing of the next loans is even faster and easier

Benefits of PaySense Personal Loan App 

Compared to the old process of getting a loan, the new-age online loan process comes with various benefits. Here are a few benefits of the PaySense instant personal loan app:

  • Minimal documentation: PaySense instant loan app requires you to submit only a few documents to apply for a loan. 

  • Saves time: You don’t have to visit a bank to apply for a loan and wait for days to get approval anymore. The entire loan application process at PaySense takes only a few minutes. Then, upon approval, the loan amount is transferred directly to your bank account.

  • No restriction on end usage: Being an unsecured loan, there is no restriction on where you can spend the loan amount. 

  • Flexible repayment: PaySense online loan app offers flexible repayment plans so that you can return the money without breaking your bank account

  • EMI calculator: You can calculate your EMI on the PaySense website and app. Get a personal loan at the terms you want with flexible EMI and tenure options ranging from 3 to 60 months. Take control of what and when you pay with PaySense personal loans.

  • Low interest rates: Personal loans come at lower interest as compared to credit cards.

  • No collateral: Personal loans being unsecured, you don’t have to pledge any collateral to avail of a personal loan.

Documents Required

Only a few documents are required to get a personal loan with PaySense. Below are the documents needed to get an instant loan:

  • Income proof: Last three months’ bank statements

  • Identity proof: PAN Card/Aadhaar Card

  • Address proof: Aadhaar Card/Rental Agreement/Utility Bills/Postpaid Bills

  • A selfie

Eligibility Criteria

You have to be eligible to get an instant personal loan with PaySense. You must fulfil the personal loan eligibility criteria mentioned below:

  • You must be a resident of India

  • Your age must be between 21 and 60 years

  • You must be a salaried employee or a self-employed professional

  • Your minimum monthly income must be ₹20,000 for cities like Delhi and Mumbai, and 18,000 for the rest of the cities to get an instant personal loan with PaySense

PaySense is active in more than 60 cities in India. Visit gopaysense.com to check the complete list of cities.

Loan Amount, Interest Rate, and Tenure

PaySense offers instant personal loans from ₹5,000 to ₹5,00,000 with an Annual Percentage Rate (APR) between 16% and 36% on a reducing balance basis. The loan tenure ranges between 3 and 60 months.

Repayment of Loan

You can calculate your EMI using the EMI calculator accessible on the PaySense instant loan app and website. Check EMI Plans for different loan terms with the PaySense EMI calculator. You get the freedom of deciding your loan term and EMI amount using the loan EMI calculator. 

For example, if Anil takes a loan of ₹1 lakh for 24 months, he is charged an APR of 24%. Also, he is charged a processing fee of ₹2,500. So, Anil will pay back the loan in 24 EMIs of ₹5,391 each. His total interest outgo will be ₹29,384 for 2 years.

How to Apply For Personal Loan Using PaySense App

Below are the steps by which you can apply for a personal loan on the PaySense app:

  • Install the PaySense mobile loan app

  • Register yourself on the app and check your loan eligibility

  • Provide KYC documentation such as ID proof (Aadhar/PAN/Voter ID), income proof (bank statement) and address proof (Aadhar/Utility bills/Rental Agreement), and a selfie

  • Sign the application form for speedy approvals

  • Once your application is approved, the loan amount will be instantly credited into your account

You have to get your bank account linked with PaySense for loan disbursement. So that once your application procedure is completed and loan approved, the money is transferred directly to your account.