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PaySense Personal Loan

PaySense offers personal loans at interest rates of 1.4% to 2.3% per month for Rs 5,000 to Rs 5 Lakhs. It provides instant personal loans to salaried and self-employed business owners with flexible EMI options and digital KYC documentation. PaySense also offers personal loans to people with no credit history,

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
Axis Bank
Low Processing fee
Max. Loan Amt.Upto ₹40L
Rate of Interest9.99% - 17.15%
Tenure upto1-5 Years
Processing Fee1% - 1.5%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max. Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%

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How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

PaySense Personal Loan Highlights

Interest rate 1.4%- 2.3% per month
Loan amount Rs 5,000 to Rs 5 Lakh
Processing fee Up to 3% of the loan amount + GST

PaySense Personal Loan Interest Rates

PaySense Personal Loan interest rates range between 1.4% to 2.3% per month. The final interest rates offered to the loan applicant would vary according to the credit score, monthly income, job profile, employer’s profile, etc. of the loan applicant.

PaySense Personal Loan Fees & Charges

Processing fee Up to 2.5% of the loan amount + GST
Late payment charges Rs 500 + G.S.T
Foreclosure charges 4% charge on principal outstanding at the time of foreclosure.

Types of PaySense Personal Loan

Instant Personal Loan 

It is an instant personal loan for salaried professionals and self-employed business owners to meet their financial obligations.

Personal Loan for Salaried 

It is an unsecured loan for salaried individuals to meet their financial needs related to wedding, home renovation, medical emergencies, family function, etc.

Personal Loan for Self-employed

It is a collateral-free loan for self-employed individuals to raise finances for business expansion and working capital requirements.

Personal Loan for Marriage

It is an unsecured loan for financing wedding-related expenses.

Personal Loan for Travel and Holidays

It is a loan for meeting the financial needs related to travel/tour expenses.

Personal Loan for Medical Emergencies

It is an unsecured loan for funding medical emergencies.

Personal Loan for Home Improvement

It is a collateral-free loan for financing home renovation/improvement.

Consumer Durable Loan

Paysense offers consumer durable loans in the form of personal loans for purchasing consumer durable goods such as mobile, camera, laptop, television, washing machine and fridge.

Other Personal Loans

Paysense claims its personal loans as an alternative to education loans, low interest loans, flexible loans, fast loans, private loans, low salary personal loans, easy loans, money loans and small loans.

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PaySense Personal Loan Eligibility Criteria

  • The borrowers should be residents of India.
  • Minimum age should be between 21 years to 60 years.
  • Employment type: salaried or self-employed.
  • Minimum monthly income for salaried should be Rs 18,000 and for self-employed should be Rs 20,000.

In addition to the above-mentioned eligibility criteria, PaySense may also consider the credit score, occupation profile, employer’s profile, etc of its personal loan applicants, as used by many lenders for evaluating the personal loan eligibility of their applicants.

While Paysense has not set any minimum cut-off criteria for EMI/NMI (Net Monthly Income) ratio, most lenders require the total EMIs of their personal loan applicants, including the EMI of their proposed personal loan, to be within 50-60% of their net monthly income. Thus, those planning to avail personal loans should use Personal Loan EMI Calculator to find out the optimum EMIs and loan tenures for their personal loan based on their repayment capacity while ensuring that their total EMIs remain within 50% of their net monthly income.

Documents Required for PaySense Personal Loan

  • Identity Proof—PAN Card and selfie.
  • Address Proof—Aadhaar Card, Voter ID, Passport or Driver’s License.
  • Income Proof—Net Banking or bank e-statements of the last 3 months.

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Explore Our Personal Loan Lenders

HDFC BANKHDFC BANKAxis BankAxis BankKotak Mahindra BankKotak Mahindra BankICICI BankICICI BankFederal BankFederal BankIDFC First BankIDFC First BankIndusind BankIndusind BankRBL BankRBL BankTata CapitalTata Capital
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FAQs

Paysense claims to offer instant personal loan to its applicants with poor credit score. This is because the lender considers various other factors, such as age, employment type and minimum salary while evaluating the eligibility of its applicants.

Yes, Paysense allows its applicants to take multiple personal loans at the same time as long as the overall loan amount is within the approved credit line.

Yes, you can apply for a joint personal loan with your spouse. This also increases the credit limit available to you.

Paysense claims to offer instant personal loans to those have recently switched their jobs. Such applicants need to submit their bank account statement for last 3 months along with their earlier employment history for personal loan eligibility check.

Paysense would deposit the personal loan amount directly into your bank account. You can withdraw the funds from that bank account as per your requirement.

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What our customers say

Personal Loan

Maine Paisabazaar se personal loan apply kiya or Jaldi approval bhi mil gaya aur zyada documents bhi nahi lage.

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Abbaz AhmedApr 10, 2025

Got pre-approved Loan offer

I was looking for Personal loan and came across this platform. I applied online and received multiple loan offers instantly and got a pre-approved offer, and the amount was disbursed within 48 hours.

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Kirti MadaanMar 17, 2025

Loan for Home Renovation

Do din pehle maine apne purane ghar ki renovation ke liye Paisabazaar se loan apply kiya. Process kaafi easy aur smooth tha. Aaj subah mujhe message aaya ki mera loan approve ho gaya hai.

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Rohit GuptaMar 7, 2025

Personal Loan

Take Personal Loan from Paisabazaar. Approved in 2 days, easy process

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Tarun RaghavJan 21, 2025

Took a personal loan

I took a personal loan from Bajaj Finserv via Paisabazaar, and it was easy! Paisabazaar made it smooth and simple. The whole process was quick and hassle-free!

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Palvika PanchalJan 6, 2025

Personal Loan via Paisabazaar

Got a personal loan via Paisabazaar—super easy & quick! Kunal from sales was super helpful, explained everything well. Highly recommend! ?

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DeshmukhDec 19, 2024

Loan for Medical Emergency

Mujhe ekdum urgent medical emergency ke liye paise chahiye the. Paisabazaar se loan liya, aur honestly, sab kuch ekdum smooth tha! Process fast tha, team helpful thi, aur paise bhi jaldi mil gaye

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PawanDec 17, 2024

Get personal loan

Paisabazaar se pre-approved personal loan jadi milgya.. Or 48 hours mai paisa account mai agya.. Team is very helpful

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Kirti GargDec 15, 2024

Good experience

Good experience with Paisabazaar! Loan approval hua within 48 hours aur rates bhi kaafi reasonable the.

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Ashok KumarDec 13, 2024

Personal Loan

Main Travel k liye loan apply kiya tha.. jo jaldi hi approve hogya or account mai agya.

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Deepak KumarDec 10, 2024
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Last updated: 29 August, 2025

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