Paysense Personal Loan
Whether you’re dreaming of buying your first home, planning that much-needed getaway, or simply managing life’s expenses, PaySense makes it easy with flexible loan options and a seamless EMI repayment process. With PaySense, you can get your personal loan approved instantly, ensuring that your financial goals are within reach without the hassle. Enjoy a quick, transparent, and stress-free experience as you unlock funds when you need them, tailored to your unique needs and budget.
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Required documents to Apply for PAYSENSE PERSONAL LOAN
- KYC of Applicant (Adhar Card+Pan Card+Passport Size Photo)
- Last 3 month Bank Statement in PDF
- Rent Agreement if rented or Utility Bill if residence is owned
About PAYSENSE Personal Loan
PaySense offers personal loans ranging from ₹10,000 to ₹3 lakhs with monthly interest rates between 1.2% and 2.5%, catering to both salaried and self-employed individuals. The loan process is quick and hassle-free, featuring a fully digital, paperless system where borrowers can upload their KYC documents and e-sign applications. Even if you have no prior credit history or have never used a loan or credit card before, you can still apply for a PaySense personal loan. Additionally, PaySense provides financing for consumer durables, including smartphones, laptops, cameras, TVs, washing machines, and refrigerators, making it simple to fund your essential purchases.
Let us take an example, How EMI is being calculated
For instance, if “Rohan” applies for a personal loan of INR 1.5 Lacs and gets the loan sanctioned at a rate of 14% with a tenure of 36 months, his EMI would be INR 5,000. The total repayment amount over the 36-month period would be INR 1,80,000 (i.e., 5,000 EMI * 36 months), where the total interest amount is INR 30,000 and the principal repayment is INR 1,50,000. Additionally, a one-time processing fee of 2% of the disbursed amount + GST of the loan amount may apply. T&C apply.
PaySense Contact Details
Here are the contact details in case you require any kind of help from PaySense.
Corporate Office Address:
Jaivilla Dev Shakti 49 Tilak Road, Navyug Colony, Santacruz West, Mumbai, – 400054, Maharashtra, India
Customer Service e-mail:
support@gopaysense.com
Ask Us Anything
FAQ
PaySense typically requires a CIBIL score of at least 600 to 650 for personal loan approval. However, even if you have no prior credit history, you may still be eligible for a loan through their platform.
Salaried individuals should have a minimum monthly income of ₹15,000, while self-employed applicants should earn at least ₹20,000 per month to qualify for a PaySense personal loan.
The loan process with PaySense is fully digital. You need to complete the KYC process, upload the required documents, and sign the loan agreement electronically. After verification, the loan is usually disbursed quickly to your bank account.
No, once the loan amount is disbursed into your account, it cannot be cancelled. However, you can choose to repay the loan early by paying off the outstanding amount, which may include pre-closure charges.
Yes, you can apply for a personal loan with PaySense even if you have an existing loan, provided you meet the eligibility criteria and your repayment history is strong.
With PaySense, you can avail a personal loan for amounts ranging from ₹5,000 to ₹5 lakhs, depending on your eligibility and repayment capacity.
Once your loan application is approved and the necessary documents are verified, PaySense typically disburses the loan amount within 24 to 48 hours.
Yes, PaySense allows you to foreclose your loan before the tenure ends, but there might be foreclosure charges, typically ranging between 2% to 4% of the outstanding loan amount, depending on the terms of your loan.
PaySense offers flexible repayment tenures ranging from 3 months to 60 months, allowing borrowers to choose an EMI plan that suits their financial situation.
Missing an EMI payment may result in late payment fees and could impact your credit score negatively. It is advisable to ensure timely payments to avoid penalties and maintain a good credit record.
