PaySense: Get Instant Loan Up to ₹5 Lakh Online

Instant personal loan can be availed from PaySense. 5 lakhs can be availed from PaySense at an interest rate of 1.4% to 2.3% per month, with a repayment tenure of up to 60 months. Salaried and self-employed individuals can get personal loans online from PaySense app or website.

PaySense Loan Full Details

Loan amount 5,000 Rs. 5 lakh to Rs.
Tenure 3 to 60 months
Rate of interest 16% to 36% per annum
Processing fee Up to 2.5% of the loan amount + GST
Minimum monthly income Rs.12,000 for salaried and 15,000 for self-employed
Age required 21 to 60 years
Payment charges on late EMI Rs.500 + GST
Loan closure fee 4% of the outstanding principal on closing the loan
Lowest EMI per lakh Rs 2,432

PaySense is one such app from which online instant personal loans can be availed for any purpose. You can get a loan up to Rs 5 lakh from here. A maximum of Rs 5 lakh can be availed in just 5 hours with minimum documents for a tenure of up to 60 months and at an interest rate starting from 16% p.a.

Processing fee 2.5% of loan amount + GST
Late payment fee 500 + GST ​​on every EMI delay
Pre-closure charges 4% of the outstanding amount

Features and Benefits of PaySense Loan

When it comes to PaySense loan, you have several advantageous features that make it one of the most preferred options for quick funding.

Here are some of the features and benefits of these loans:

  • PaySense offers instant personal loans between Rs 5,000 to Rs 5 lakh.
  • PaySense interest rates range from 1.4% to 2.3% per month.
  • You can repay the loan in an affordable EMI plan within 3 months to 5 years.
  • PaySense personal loan services are available in 50+ cities in India.
  • There is a processing fee of up to 2.5% of the loan amount + GST.
  • You can foreclose your loan at an additional charge of 4% of the principal outstanding after 3 successful EMI payments.
  • It provides quick loan approval and disbursement.
  • You can avail doorstep collection service of documents. Simply sign the documents and hand them over to the courier.
  • Get personal loan in one click as only one time documentation is required. No further checking is required.

PaySense Loan Types

There are different types of PaySense loans available for which you can apply depending on the purpose of the loan. Each loan type is very easy to avail and allows you to better manage payments and finances. You can also pay PaySense loan online in EMI.

Here is a list of types of loans that you can avail with PaySense:

Instant personal loan

It is a quick source of money available to both salaried and self-employed individuals. The loan can be used for various personal needs, such as medical expenses, higher education, travel expenses, and much more.

Vehicle loan

These loans are provided to the customers to buy a new car, used car or even a two wheeler.

Consumer loan

This loan is specially designed to help you buy consumer durables.

You do not need to make a single payment for the item or use your credit card to make these payments. Instead, you can get a loan from PaySense to convert these purchases into flexible EMI repayment.

You have the option to buy mobile phones, laptops, cameras and any other durable consumer with the help of instant loans provided by PaySense.

PaySense Loan Terms and Conditions

Before applying for the loan, make sure you are fully aware of these terms and conditions:

  • User must agree and declare that they are at least 18 years of age.
  • Any violation of the Terms and Conditions authorizes the Company to terminate or block the PaySense login account of the User.
  • PaySense reserves the absolute right to remove or modify certain parts of the Terms and Conditions.
  • In order to use the platform, users must have an account and provide the required details and information.
  • The User is responsible for maintaining the complete security and confidentiality of his Account.
  • The User can update and access the information through the Dashboard provided in the Transferable Account.
  • Users are granted limited access licenses to the Account and unauthorized access is not permitted.
  • PaySense reserves all rights to stop or suspend any service.
  • PaySense will not be held responsible for claims if the information provided by the user is incorrect or incomplete.
  • PaySense does not provide any warranty on behalf of its partners.
  • PaySense is not registered with RBI and does not hold a lending or borrowing license.
  • PaySense’s responsibility is limited to providing the Services to the User.

Documents Required for PaySense Loan

To get a PaySense loan, you need to provide certain documents to the company and its affiliated NBFCs to assess your loan application and provide you with a suitable plan.

The documents required for PaySense loan are as follows:

Identity proof pan card or aadhar card
Address proof Utility bill, rental agreement, or Aadhaar card
Proof of income Bank statement of last 3 months

Users have to upload photographs of all the personal loan documents mentioned above along with their selfies to complete the loan application process.

How to Apply for PaySense Loan?

To apply for PaySense Loan, various options are available as mentioned below:

Through PaySense App

  • Download the app to your Android device using the Google Play Store. Click to download the app .
  • Once you have opened the app, you have to provide your personal details like name, age, income etc.
  • An OTP will be sent to the mobile number provided by you.
  • Enter the OTP to complete the registration process.
  • You can choose the loan amount and tenure using the provided EMI calculator tool.
  • Choose a viable plan as per your repayment capacity.
  • Once you have selected the loan scheme, you will have to complete the application process by uploading the required KYC documents.
  • Your profile will be assessed in 15 minutes using the documents provided.
  • Based on the eligibility, you will be given the maximum loan amount that you can apply for.
  • Once your application is complete, the information provided by you is verified and disbursement of the loan amount can take up to 2 hours.
  • Users can check their status on the application.
  • After disbursement you can pay the borrowed amount online by EMI.

Eligibility Criteria for PaySense Loan

To avail loan from PaySense, customers are required to fulfill certain PaySense eligibility conditions.

The eligibility criteria for these loans are as follows:

  • Salaried and self-employed applicants are eligible.
  • The applicant must be a resident of India.
  • The current city where they reside must fall under the cities serviced by PaySense.
  • The minimum age of loan application is 21 years and maximum age is 60 years to fulfill PaySense loan eligibility.
  • The individual may be self-employed or salaried.
  • In case of salaried individuals, the minimum income should be Rs 12,000 per month.
  • In case of self-employed individuals, the minimum income should be Rs 15,000 per month.
  • They should have a net banking account which is currently active.

How to Calculate PaySense Loan EMI?

Make sure you calculate your PaySense EMI payment before applying for the loan. This helps you understand the viability of these loans and ensures that you are not burdened with too much repayment every month.

The options available to calculate your EMI are as follows:

Manual calculation using the formula – [P x R x (1+R)^N]/[(1+R)^N-1] , In this formula, P is the principal amount, R is the interest rate and N is the loan amount is the repayment period.

PaySense Loan Customer Care Number

PaySense does not provide any customer care number. You can send all your queries by email to

Any document can also be couriered to the following address :-
Jayavilla Dev Shakti, 49 Tilak Road, Navyug Colony, Santacruz West, Mumbai – 400054

PaySense Loan FAQs and Answers (FAQs)

Is it safe to take a loan from PaySense?

Yes, it is absolutely safe to take a loan from PaySense. Any sensitive and personal information shared on PaySense is encrypted and kept secure via SSL protocol. PaySense does not share user information with any marketing agency or third party affiliates.

What is the PaySense interest rate?

Personal loan interest rates on PaySense vary between 16% to 36% p.a. depending on the eligibility and repayment capacity of the borrower.

What factors do banks consider before approving a home loan application?

The factors that affect the home loan approval process include age, income, job/occupation, loan-to-income ratio, credit score, dependents, financial health of the co-borrower, LAP, etc.

Will PaySense Instant Personal Loan affect my credit score?

Yes, like any other loan, if you pay your PaySense Personal Loan EMIs on time, it can help you build and improve your credit score. Any delay or default in payment can lower your credit score. The only difference is that PaySense considers a loan application even if the applicant does not have a credit history.

How long will PaySense take for loan approval?

Once you have uploaded the required documents and completed the application process, the PaySense team and its lending partners will verify the information provided by you. It takes up to 2 hours to verify and give loan approval. You can check loan application status using PaySense app.

Are there any hidden charges on PaySense loan?

No, there are no hidden charges involved in availing a personal loan from PaySense. All charges including interest rate, loan processing fee, late payment penalty and loan closure fee are mentioned in the loan agreement.

Can I take more than one personal loan from PaySense?

Yes, PaySense allows multiple personal loans to be taken at the same time, provided the total loan amount is within the approved credit line of the borrower.

Is it possible to apply for personal loan jointly with my spouse?

Yes, you can apply for a personal loan jointly with your spouse. By doing this, you can increase the line of credit available to you.

Also Read – Zomato Customer Care Number

IDBI Personal Loan Customer Care Number

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Complete details of Paysense Loan have been told in this post. What is the interest rate of Paysense personal loan? What are the documents required for Paysense personal loan? What is the eligibility for Paysense personal loan? How to apply for Paysense personal loan? How to contact Costomer Care of Paysense personal loan? Everything is explained in detail.

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