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  • PayMe India Instant Personal Loan

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  • PayMe India offers short-term cash loans up to Rs.1 lakh for tenures ranging from 10 days to 31 days. The processing fee is set at Rs.300 and the interest rate varies from 1% of the loan amount to 3.1% of the loan amount depending on the tenure of the loan.

    Lender Interest Rate Processing Fee Max Tenure
    PayMe India 1% of the loan amount to 3.1% of the loan amount based on the tenure* Rs.300 10 days to 31 days

    *The minimum interest rate is 1% of the loan amount for the lowest tenure, i.e. 10 days. The interest rate increases by 0.1% for each day of the tenure extending up to 31 days, thereby making 3.1% the highest interest rate applicable to the loan.

    How does it work?

    PayMe India works in a very simple manner to provide immediate access to funds for those looking to meet emergency expenses. Here are the steps to apply for and avail a loan from PayMe India:

    • Download the mobile application of PayMe India.
    • In case you are a new user, you will have to register and create an account, preferably using your Gmail account. If you are an existing user, sign in using your account.
    • You will then have to enter your personal information such as your contact details, employment information, and loan application.
    • The company will then assess your application and will share notifications on the PayMe India app.
    • You will then have to accept the offer before agreeing to the terms and conditions after which the funds will be disbursed and set to your account based on the account information you have provided.
    • The approval process takes only a few minutes after you enter the requested details and upload your documents.

    Eligibility Criteria for PayMe India Personal Loans

    The eligibility criteria for a personal loan from PayMe India are determined by the Payme India system depending on the company’s internal lending criteria. Some of the common eligibility criteria include:

    • Must be an Indian citizen
    • Must be at least 18 years old
    • Must have a valid email address and mobile number
    • Must have a PAN card
    • Must have a valid address proof
    • Must be a salaried or self-employed individual

    Documents Required for PayMe India Personal Loans

    Once you have downloaded the PayMe India app, you will be asked to submit a few documents that have been mandatory by the Reserve Bank of India for the completion of your KYC. These documents include your PAN details, your bank statement, your salary slips, etc.

    Features and Benefits of PayMe India Personal Loans

    • Easy to login and apply for the loan through the PayMe India mobile app
    • Quick approval and disbursal to ensure that you get the loan amount as quickly as possible
    • Loan amounts up to Rs.1 lakh to meet your emergency financial needs
    • Attractive interest rates starting from just 1% of the loan amount
    • Low fixed processing fee of just Rs.300

    PayMe India Customer Care Number and Contact Details

    Business Name PayMe India
    Phone Number 9953 25 35 45
    Official Mail Id support@paymeindia.in
    Web Address paymeindia.in
    Head Office Noida

    Frequently Asked Questions

    1. What are short term loans and how do they work?

    Short term loans are offered by banks and financial institutions and other lenders to help borrowers meet their immediate financial needs. They are primarily used to meet your regular expenses or pay for emergency expenses such as payment of overdue utility bills, medical expenses, unexpected repairs to your two-wheeler or four-wheeler, etc.

    2. What are the cities in which I can avail a loan from Payme India?

    Payme India currently offers its services in New Delhi, Bangalore, Mumbai, Chennai, Hyderabad, and Pune.

    3. Can I apply for a loan from Payme India if I earn my salary in cash?

    No. Payme India requires applicants to have a salary account to avail a loan. Applicants will also have to submit their bank statement along with their payslips in order for the loan to be processed.

    4. How do I repay my PayMe India loan?

    Customers who borrow from Payme India will receive an account number that can be used to repay the loan. The loan amount can also be deducted from the account information you have provided automatically via NACH.

    5. Once I apply for a loan, how do I know if Payme India has approved my application?

    Once you apply for a loan from Payme India, you will get a notification through the mobile app. You will also receive an SMS on your registered mobile number when your loan application is approved.

    6. What happens in case I fail to repay my loan within the tenure?

    In case you feel like you will not be in a position to repay the loan before the completion of the tenure, you will have to get in touch with the company at least 5 days before the agreed repayment date.

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