- PaySense offers instant personal loans at competitive interest rates to fit all your needs.
- When applicants apply through the Paisabazaar website they can experience a hassle-free online loan process and end-to-end expert assistance.
- PaySense personal loans have a paperless documentation process and are collateral-free.
- PaySense personal loans offer flexible repayment terms and affordable EMI options.
- These personal loans have no hidden charges and come with quick approval and disbursals.
PaySense Personal Loan
4.5/5
15.6L Reviews
5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
Hassle-Free Online Application
Fully Paperless Documentation
End-to-End Expert Assistance
Quick Approval and Disbursal

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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
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto ₹25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
Why Choose Paisabazaar?



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Pre-approved Offers with Instant Disbursals
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End-to-End Digital Process
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
About PaySense Personal 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 2.5% 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. |
Avail Personal Loan for
All Your Needs

Avail Personal Loan for
All Your Needs
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.
PaySense Personal Loan Eligibility Criteria
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
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
Avail Personal Loan for
All Your Needs

Avail Personal Loan for
All Your Needs
FAQs
Can I get an instant loan from Paysense with poor credit score?
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.
Can I take several personal loans at the same time from Paysense?
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.
Can I apply for Paysense Personal Loan jointly with my husband/wife?
Yes, you can apply for a joint personal loan with your spouse. This also increases the credit limit available to you.
I recently switched jobs. Am I eligible for Paysense instant personal loans?
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.
Can I get the personal loan from Paysense in cash?
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.
Can self-employed individuals avail personal loan from Paysense?
Yes, Paysense offers personal loans to self-employed individuals provided they fulfil the eligibility conditions set for self-employed individuals.
How do Paysense decide my credit line?
Paysense would decide your credit line on the basis of your credit profile, monthly income, bank statement and other necessary details.
I need a loan of higher amount than approved by the lender. Can my credit line be changed?
Paysense would not increase your credit line instantly. However, your credit line can be changed overtime depending on your credit behaviour. If you pay your EMIs and credit card bills on time your credit profile will improve and you will be eligible for a higher loan amount the next time you apply for a personal loan. The minimum time for credit line reassessment is 3 months.
My loan has been paid successfully. How do I get my No Objection Certificate (NOC)?
You can request your NOC from Paysense by writing to its customer support team at support@gopaysense.com with the details of your registered account.
How much time would it take to get the loan approval once I have completed the loan application?
After you have uploaded the required documents and completed the loan application, the Paysense team and lending partners would verify the information provided by you through multiple checks. Paysense claims to verify and approve the loan application within 2 working days. The loan application status can be checked through the app. Paysense would also notify you through mail and SMS regarding the loan application status.
Personal Loan Articles
View All ArticlesPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.
The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.
The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.
Address: Paisabazaar Marketing & Consulting Pvt. Ltd. 135 P, Sector 44, Gurugram (HR) 122001
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