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  • PaySense Instant Short-Term Personal Loan

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  • We found 1 PaySense Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    PA PL OTP
    18.00% - 36.00% Fixed
    2% - 3% + taxes One time fee
    1L - 5L
    Upto 5 years
    Only KYC docs required
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know

    Avail a loan amount ranging between Rs.5,000 to Rs.5 lakh with rates of interest ranging between 18.0% and 36.0% p.a. The repayment tenure is also flexible and will depend on the loan amount availed by you up to 5 years.

    If you are just starting out in your job and is in need of a loan, you can avail one from PaySense as the NBFC allows you to apply for one even if you do not have a credit score. You can also apply for a loan from PaySense even if you do not have a great credit score. However, it is always recommended that you do maintain a good credit score so that you can avail a personal loan at a lower interest rate.

    Paysense Instant Personal Loan Details

    Interest Rate Processing Fees Foreclosure/Prepayment Charges Late Payment Charges
    18% to 36% 2% - 3% + applicable taxes 4% on the principal outstanding (allowed only after first 3 EMIs) Rs.500 plus applicable taxes

    Features of Instant Personal Loan from Paysense

    • You can avail loan amounts ranging between Rs.5,000 to Rs.5 lakh.
    • Paysense offers personal loans to people with low or no credit history.
    • The required documents will be collected from your doorstep.
    • When you apply for subsequent loans, you will be asked no documentation.
    • The EMI plans are easy to manage and comes with payment reminders and auto-debit features.
    • The loan approvals and disbursals are quick.

    Eligibility Criteria for Instant Personal Loan from Paysense

    • You should be a resident of India
    • You should be aged between 21 years and 60 years of age
    • You should either be salaried or self-employed
    • If you are a salaried individual, your monthly income should be at least Rs.12,000
    • If you are self-employed, your monthly earnings should be at least Rs.15,000

    Documents Required to Avail Instant Personal Loan from Paysense

    Identity Proof Aadhaar card, passport, PAN card
    Address Proof Rental agreement, Aadhaar card, passport, utility or postpaid bills
    Income Proof Last 3 months bank statements
    Photograph A selfie

    How to Avail an Instant Personal Loan from Paysense

    Availing a personal loan from Paysense is simple, hassle-free, and involves just 3 steps. The steps have been explained below:

    1. Check your eligibility and select a loan plan
    2. Get an idea of how much loan amount you are eligible for by filling in a few basic details of yourself. Paysense calls it the line of credit. You are advised to avail a maximum of 50% of your approved limit to manage your EMIs better. Once you decide the amount of loan you wish to avail, you can choose the loan tenure and the plan.

    3. Upload your Know-Your-Customer documents
    4. To complete the loan application process, you will need to upload your KYC documents such as ID proof, address proof, etc. Once you have done that, you must sign a NACH form loan agreement. The NACH form will enable your EMIs to be deducted from your bank account automatically. This entire process is paperless and once the documents upload is complete, you will receive an approval within 2 business hours.

    5. Receive money in your account
    6. Prior to your loan being approved and the application process being completed, the loan amount will be transferred to your account almost instantly.

    FAQs

    1. Does Paysense have a mobile application that I can download on my smartphone?
    2. Yes, the mobile application of Paysense is available on Google Play (Android) to download on your smartphone. Once you download the app, you can apply for an instant personal loan through the app itself. Unfortunately, the app is not available for download on iOS and Windows platforms.

    3. How does Paysense decide my credit line?
    4. Your credit line will be decided based on the details you provide to Paysense such as your income, profile, bank statements, etc.

    5. How do I repay my loan availed from Paysense?
    6. The EMI for the personal loan you availed from Paysense will be auto-deducted for all those users who have an active National Automated Clearing House (NACH) status. For the others, a customised link will be sent to their Paysense account which can be used to pay their EMI.

    7. Can the EMI date be rescheduled?
    8. Unfortunately, the EMI date for your personal loan from Paysense cannot be rescheduled. At the moment, the EMI due date is fixed at the 3rd of each month.

    9. How do I foreclose my loan?
    10. You can foreclose the loan availed from Paysense only after you have made the first 3 EMI payments by emailing the request to support@goapaysense.com along with your account details.

    11. I have finished repaying my personal loan availed from Paysense. How do I obtain a No-Objection Certificate (NOC)?
    12. After you have repaid your loan successfully, you can email the customer care team at Paysense at support@goapaysense.com to obtain a NOC. Do not forget to include the details of your registered account in the email.

    13. How safe are my internet banking details?
    14. Paysense does not store any information of yours and hence, has no access to your details. So, you not have to worry about your details being disclosed to anyone. Paysense requires your internet banking details simply to do a verification of your income with the help of your bank statements. The information provided by you through the app is encrypted and kept secured through SSL protocol.

    15. I uninstalled the Paysense app after checking my credit line. If I wish to apply for a loan, do I have to start afresh?
    16. The Paysense app will allow you to login and continue your loan application from where you had left if you install it within 2 months of you checking your credit line. However, if you install the app after 2 months, you may have to start over and fill in your details again to get a new credit line as the credit line may get reassessed.

    17. Who are the partners of Paysense?
    18. At the moment, Paysense has partnered with Fullerton and India Infoline to offer personal loans to salaried and self-employed applicants.

    19. How do I get in touch with the Paysense team in case I have any query or need assistance?
    20. You can email the team of Paysense at support@goapaysense.com if you have any query/request. Make sure that you email them from your registered email ID and provide information such as your KYC details, your registered phone number, etc., for quick assistance.

        

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    PaySense Personal Loan Reviews

    • PaySense Personal Loan
      "Good Loan Service"
      0.5 5.0/5 "Blown Away!"
      I have bought the personal loan from Paysense for house rent purpose and their service is good. I am not sure about an interest rate but i got the loan amount of Rs. 1 lakh. I have provided the documents of voter id, photo, bank statement and Aadhar card. Their collection executive has came to my place to get the documents.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 20, 2020
    • PaySense
      PaySense Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan through paysense services India private Limited.The rate of interest and the processing fee was very high due to my requirement taken this loan for my personal use.Need to pay extra charges if paying the premium on delay.I have submitted my documents as well as uploded my documents.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 20, 2020
    • PaySense Personal Loan
      "Need to decrease interest charge"
      0.5 4.0/5 "Great!"
      I got a personal loan offer from Paysense through online. On time I got a call from their end for verification process. Within 7-10 days I got a call from them. Just because of the loan amount I chosen them. The tenure period of 2 years. An interest rate of 19% which is high and they have negotiated. There is option of pre closure and locking period of 6 months. I use to pay EMI of 9K.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 20, 2020
    • PaySense Personal Loan
      "Need to improve their customer service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from PAYSENSE and the loan amount was Rs. 91K after deducting processing fee i got Rs. 87K. The rate of interest was very high 13% with the tenure of 2 years. They have enabled ECS option but EMI's are not deducted from my account and am paying manually. Customer service is not responding properly and there is no patience also they need to work on interest rates.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jan 20, 2020
    • PaySense Personal Loan
      "Need to provide more amount "
      0.5 5.0/5 "Blown Away!"
      I have applied a personal loan of 1L with Paysense but they have sanctioned the loan of 50K only. The tenure period of 1 year and 3 months. Rate of interest is nominal. I use to get remainder message on time for EMI amount to pay of 4700 rupees . There is no option for pre closure.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 20, 2020
    • PaySense Personal Loan
      "Best app"
      0.5 5.0/5 "Blown Away!"
      PAYSENSE has offered a personal loan with low amount when compared to my needs. I have applied through online with tenure period of 3 years. They have sanctioned the loan within 10-15 days. Rate of interest is around 13% and processing fee of 5K. I have requested for pre closure but they have told to contact customer care and they were helpless at that time. I use to pay EMI of around 4K.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jan 20, 2020
    • PaySense Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan amount of 25K from PAY SENSE for my home renovation. It took around 15 to 20 days for the loan disbursement. They don't have any customer support number and need to contact only through email. I need to pay Rs.3,500 for 12 EMIs.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jan 19, 2020
    • PaySense Personal Loan
      "Need to decrease the rate of interest"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan of Rs.86,000 from PAYSENSE which I applied through online. This process was easy and the loan amount credited with in 1 week . The rate of interest 17% which is too high with the tenure of 1.6 years and the EMI of 6000.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 18, 2020
    • PaySense Personal Loan
      "Easy loan approval"
      0.5 4.5/5 "Excellent!"
      I have taken the loan amount of Rs.39,000 from Paysense but the rate of interest was not sure. The tenure period of 15 months and i am paying EMI of 3000 rupees. The documentation was good uploaded through online and nearly it took 20 days. The customer service and response are okay.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2020
    • PaySense Personal Loan
      "Convenient Loan service"
      0.5 4.0/5 "Great!"
      Paysense option was available when am checking my eligibility for loan but because of the less documentation, i have chosen them. They have sanctioned my loan in 3 days. I'm satisfied with the interest rate provided to me and the verification process was smooth. Auto debit option was not activated till now. To pay the premium, i need to pay through online. They do not have any separate customer care support to contact and i can contact them through the chat which is little annoying.
      Was this review helpful? 0
      , thane
      Reviewed on Jan 18, 2020
    • PaySense Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan through Paysense Private Limited .The rate of interest and the processing fee was nominal ,The loan amount got on time and the agent gave a clear picture about the loan process. I have not faced any issues so far. This was a hassle free process and this loan is still active .
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 12, 2020
    • PaySense Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for Paysense Services India Private Limited personal loan through Online .I have not faced any difficulties so far .The rate of interest and the processing fee was nominal ,The agent shared all the relevant details about the loan process.There was proper callback and follow up from paysense as well.
      Was this review helpful? 1
      , indore
      Reviewed on Jan 11, 2020
    • PaySense Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I have applied for Pay sense services India Privae Limited personal loan through Online .After deducting first EMI i have got callback regarding the EMI deduction this issues has to be rectified .The rate of interest was very high,Each and every details about this loan was clearly shared by the agent .
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 11, 2020
    • PaySense Personal Loan
      "Good "
      0.5 5.0/5 "Blown Away!"
      I have applied a personal loan from PAYSENSE through an online. I got a verification call on delay of 2 days. Their end was delay to complete the loan process so they took 20 days to sanctioned the loan. The amount of 43K is sufficient with tenure period of 15 months. Processing fee was applicable of 1,200 rupees. The customer service is no proper response whenever try to contact them.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jan 10, 2020
    • PaySense Personal Loan
      "Easy loan process , instant approval"
      0.5 5.0/5 "Blown Away!"
      I have searched through an online to apply for a personal loan with Paysenese. They have asked eligibility requirement. Once I submitted all my douments they confirmed by a week. An executive came to resident address and got a signature from my end. After that he shared a link, in that I had uploaded ID proof. The rate was less, I am paying EMI of 2000 rupees with tenure period of 12 months.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 10, 2020
    • PaySense Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Paysense for Rs.66K with the tenure of 18 months. The loan amount should be credited with in 24 hours but they took around 1 week. The processing fee is around 3,000 and I am paying the monthly EMI around Rs.4,600. Bank should improve the mobile application the interest rate should be viewed while selecting the amount. Customer support contact number is not available so its very difficult to get any update.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 10, 2020
    • PaySense Personal Loan
      "Need to improve the service"
      0.5 2.0/5 "Expected more"
      I applied the loan amount of Rs. 1.5 lakhs on a urgent basis but i don't want provide any documents and my salary is almost 1.03 lakhs and they have taken 10 days to processed this loan but earlier they have promised the time of 24 hours to sanctioned the loan. Their app is not proper because they asked me to upload the photo but next day, they are saying its not uploaded properly. They are keep on confusing the customer.
      Was this review helpful? 1
      , chennai
      Reviewed on Jan 09, 2020
    • PaySense Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from PAYSENSE SERVICES INDIA PRIVATE LIMITED and the loan amount of 1.5L was sufficient. The rate of interest was 22% its very high. Actually at that point of time, I need money so I have taken this loan and paying EMI of 8,900 rupees for the tenure period of 15 months. Customer service was not good, when I inquired they are not proper responding so I am unsatisfied with their service.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Jan 09, 2020
    • PaySense Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied a personal loan from PAYSENSE SERVICES INDIA PRIVATE LIMITED. The loan amount was Rs. 1,27,000 and the rate of interest was 12% not sure. The tenure period of 15 months and it took 1 month to receive this card its too long. Documentation 50% uploaded through online and main documents collected by executive , service was good.
      Was this review helpful? 0
      , guntur
      Reviewed on Jan 09, 2020
    • PaySense Personal Loan
      "Good Loan Service"
      0.5 5.0/5 "Blown Away!"
      Its because of the personal needs, i have selected the personal loan with Paysense. The main thing is less documentation and fast loan disbursal. Their support is really good. I applied the loan amount of Rs. 2 lakhs but as per documents, they have provided only Rs. 89000. They need to send the reminders regarding the EMI deduction before due date.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jan 08, 2020
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