paysense personal loan

Here are a few factors

How To Apply
Product Rating

( 4.4 /5 )

Total - 856 ratings

Mode of Process Online
Location PAN India
Lending Size and Tenure 5,000-10Lacs (3 Months to 60 Months)
ROI 14% to 24%
ROI (Fixed/Reducing) Reducing
Foreclosure As per Policies
Processing Fees 3%
Partial Payment Allowance No
Dealing in Unsecured OD No
USP Funding to All Profile whether Employee of Proprietorship firm/Partnership firm or Company
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Right Documents - Easy Process

Required Documents

PAN Card

Aadhaar Card

Driving Licence

Voter ID


Registered rent agreement

Current passport size photograph

Salaried income documents

Self Employed person documents

Salaried income documents

  • Last 3 months' salary slip
  • Form 16 of last 2 years
  • Income Tax Return if any of last 2 Years
  • Last 3 months' bank statement if the salary directly credited in the bank account
  • Certificate of employment from current employer

Self Employed person documents

  • Income tax returns of previous 2 years
  • Statement of finances with a proper balance sheet with profit and loss in that sheet
  • Bank statement with continuity of business
  • GST registration evidence of business


  • The age of the applicant should be between 22 to 57
  • The min. salary of the applicant should be 20K in Metro cities & 18K Rest
  • The min. Employment should be 3 months of continuous salary
  • Minimum CIBIL score has to be 750

Note : Paysense Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.

Let us take an example, How EMI is being calculated

For instance, if "Shubham" applies for a Personal loan of INR 1 Lacs and get the loan sanctioned at the rate of 15 % with a tenure range of 36 Months , in such a case his EMI would be INR 3,467 and complete repayment amount till the end of 36 Months tenure would be INR 1,24,795 (i.e 3,467 EMI * 36 Months), wherein the total interest amount is INR 24,795 along with principal repayment of INR ₹1,24,795 . Few additional charges like those of minimal one-time processing fee 2% of the disbursed amount + GST of loan amount may apply. T&C apply.
Year Principal
Total Payment
(A + B)
Balance Loan Paid To Date
2022 ₹ 11,363 ₹ 5,969 ₹ 17,333 ₹ 88,637 11.36%
Aug ₹ 2,217 ₹ 1,250 ₹ 3,467 ₹ 97,783 2.22%
Sep ₹ 2,244 ₹ 1,222 ₹ 3,467 ₹ 95,539 4.46%
Oct ₹ 2,272 ₹ 1,194 ₹ 3,467 ₹ 93,267 6.73%
Nov ₹ 2,301 ₹ 1,166 ₹ 3,467 ₹ 90,966 9.03%
Dec ₹ 2,329 ₹ 1,137 ₹ 3,467 ₹ 88,637 11.36%
2023 ₹ 30,332 ₹ 11,266 ₹ 41,598 ₹ 58,305 41.70%
Jan ₹ 2,359 ₹ 1,108 ₹ 3,467 ₹ 86,278 13.72%
Feb ₹ 2,388 ₹ 1,078 ₹ 3,467 ₹ 83,890 16.11%
Mar ₹ 2,418 ₹ 1,049 ₹ 3,467 ₹ 81,472 18.53%
Apr ₹ 2,448 ₹ 1,018 ₹ 3,467 ₹ 79,024 20.98%
May ₹ 2,479 ₹ 988 ₹ 3,467 ₹ 76,545 23.45%
Jun ₹ 2,510 ₹ 957 ₹ 3,467 ₹ 74,036 25.96%
Jul ₹ 2,541 ₹ 925 ₹ 3,467 ₹ 71,495 28.51%
Aug ₹ 2,573 ₹ 894 ₹ 3,467 ₹ 68,922 31.08%
Sep ₹ 2,605 ₹ 862 ₹ 3,467 ₹ 66,317 33.68%
Oct ₹ 2,638 ₹ 829 ₹ 3,467 ₹ 63,679 36.32%
Nov ₹ 2,671 ₹ 796 ₹ 3,467 ₹ 61,009 38.99%
Dec ₹ 2,704 ₹ 763 ₹ 3,467 ₹ 58,305 41.70%
2024 ₹ 35,208 ₹ 6,390 ₹ 41,598 ₹ 23,097 76.90%
Jan ₹ 2,738 ₹ 729 ₹ 3,467 ₹ 55,567 44.43%
Feb ₹ 2,772 ₹ 695 ₹ 3,467 ₹ 52,795 47.20%
Mar ₹ 2,807 ₹ 660 ₹ 3,467 ₹ 49,988 50.01%
Apr ₹ 2,842 ₹ 625 ₹ 3,467 ₹ 47,147 52.85%
May ₹ 2,877 ₹ 589 ₹ 3,467 ₹ 44,270 55.73%
Jun ₹ 2,913 ₹ 553 ₹ 3,467 ₹ 41,356 58.64%
Jul ₹ 2,950 ₹ 517 ₹ 3,467 ₹ 38,407 61.59%
Aug ₹ 2,986 ₹ 480 ₹ 3,467 ₹ 35,420 64.58%
Sep ₹ 3,024 ₹ 443 ₹ 3,467 ₹ 32,397 67.60%
Oct ₹ 3,062 ₹ 405 ₹ 3,467 ₹ 29,335 70.67%
Nov ₹ 3,100 ₹ 367 ₹ 3,467 ₹ 26,235 73.76%
Dec ₹ 3,139 ₹ 328 ₹ 3,467 ₹ 23,097 76.90%
2025 ₹ 23,097 ₹ 1,169 ₹ 24,266 ₹ 0 100.00%
Jan ₹ 3,178 ₹ 289 ₹ 3,467 ₹ 19,919 80.08%
Feb ₹ 3,218 ₹ 249 ₹ 3,467 ₹ 16,701 83.30%
Mar ₹ 3,258 ₹ 209 ₹ 3,467 ₹ 13,443 86.56%
Apr ₹ 3,298 ₹ 168 ₹ 3,467 ₹ 10,145 89.86%
May ₹ 3,340 ₹ 127 ₹ 3,467 ₹ 6,805 93.19%
Jun ₹ 3,381 ₹ 85 ₹ 3,467 ₹ 3,424 96.58%
Jul ₹ 3,424 ₹ 43 ₹ 3,467 ₹ 0 100.00%


The minimum CIBIL score required for a Paysense personal loan must be 700.

The minimum salary of the applicant for a Paysense personal loan should be at least Rs.20,000 in Metro cities & Rs. 18,000 in the rest of the cities.

While applying for the personal loan with Paysense, you would need to submit proof of identity (Adhaar card / PAN card), proof of your address (Adhaar card, utility bill, or rental agreement, a proof of your income (bank account statement), and one photograph. Once this documentation gets approved, Paysense approves the personal loan within a few hours and disburses the funds within a few days.

No, PaySense allows you to cancel the personal loan once the money is deposited into your bank account.

Yes, PaySense allows you to apply for another personal loan even if you already have one. However, that gets approved based on your credit.

You can avail of a personal loan of up to 10 lakh from PaySense.

PaySense is a personal loan app that provides instant loans to individuals ranging from ₹5,000 to ₹5,00,000. The loans come with attractive interest rates, flexible repayment options and the convenience of applying through a mobile app or website.

Yes, taking out a loan from PaySense is completely safe. PaySense places a high emphasis on the security of its customers' personal and sensitive information, which is encrypted and protected by SSL protocol. Additionally, PaySense does not share its customers' information with any third-party marketing agencies or associates.

Yes, PaySense is a registered Non-Banking Financial Company (NBFC) with the Reserve Bank of India (RBI) and has partnerships with leading credit bureaus such as TransUnion CIBIL to ensure the safety and reliability of their services.

To get a loan from PaySense, you will need to provide some basic information such as your personal details, employment details, and bank details. You will also need to upload some supporting documents such as a government-issued ID, a bank statement, and a recent photograph.

The interest rate for personal loans from PaySense can vary between 16% and 36% per annum, depending on the borrower's eligibility and repayment capacity.

When evaluating a home loan application, banks consider a range of factors, including the applicant's age, income and job stability, debt-to-income ratio, credit score, number of dependents, the financial health of co-borrowers, and other factors.

Yes, getting a loan from PaySense can impact your credit score. Making your loan payments on time can help improve your credit score, while missing payments or defaulting on the loan can decrease your credit score. PaySense does consider loan applications from people who do not have a credit history.

Once you have submitted your required documents and completed the loan application process, the PaySense team and its lending partners will review your information. The verification process typically takes up to two business hours, and you can check the status of your loan application through the PaySense app.

No, there are no hidden charges when taking out a loan from PaySense. All charges, including the interest rate, loan processing fee, late payment penalty, and foreclosure charge, are fully disclosed in the loan agreement.

Yes, it is possible to take out multiple loans from PaySense, provided that the total loan amount is within your approved credit limit.

Yes, you and your spouse can apply for a personal loan together. This can increase the amount of credit available to you.


Will my monthly payments on a PaySense personal loan change over time?

No, your monthly payments on a PaySense personal loan will not change. PaySense offers fixed-rate personal loans, meaning that your monthly payment will remain the same for the entire loan term.

To calculate your PaySense loan EMI, you can either use a manual calculation using a formula or use the EMI calculator provided by Refer Loan. To use the manual calculation, you need to enter the loan principal amount, rate of interest and repayment tenure in the formula [P x R x (1+R)^N]/[(1+R)^N-1]. Using the EMI calculator, you simply need to enter a few details and you will get an instant result. This helps you understand the affordability of the loan and make sure that your monthly repayments are manageable.

 PaySense is a mobile loan app that offers personal loans ranging from Rs 5,000 to Rs 2 lakh.

To be eligible to apply for a PaySense loan, both salaried and self-employed individuals must have a minimum monthly income of Rs. 15,000.

 PaySense offers personal loans at an annual percentage rate (APR) of 16% to 36%.

 To be eligible for a loan from PaySense, you must be a resident of India, between the ages of 21 and 60, have a minimum monthly income of Rs 18,000 for salaried individuals and Rs 20,000 for self-employed individuals, and live in one of the 180+ cities supported by PaySense.

You can make a payment for your PaySense loan through the PaySense app or on their website using a debit card or net banking. There may be an extra payment gateway charge for using PayU's gateway services.

 To close your PaySense account, you need to send an email to their customer service team and complete a pre-closure form with all the necessary information.

PaySense charges a processing fee of up to 3% of the loan amount, plus standard GST.

Yes, you can foreclose your PaySense loan after paying three EMIs, but there will be an additional foreclosure charge of 4% levied on the remaining principal amount.

No, it is not possible to cancel or modify a loan application once it has been submitted. It's crucial to thoroughly review all the information before submitting to ensure accuracy and avoid any inconvenience.

 Foreclosing a loan can have a major negative impact on your credit score and affect your ability to obtain future loans.

 Yes, PaySense does check the CIBIL score of loan applicants, and it is recommended that your score is 750 or above.

PaySense offers personal loans ranging from Rs 5,000 to Rs 5 Lakhs with interest rates of 1.4% to 2.3% per month and flexible repayment options ranging from 3 to 60 months.

 PaySense is owned by PayU, which is part of Prosus and majority-owned by Naspers.

PaySense is a good option for getting instant loans because their loan process, from identification to disbursal, is truly instant. They also have a user-friendly interface to ensure a quick and smooth loan process.

Yes, PaySense is registered with the RBI as a Non-Banking Financial Company (NBFC).

PaySense is a legitimate app that provides personal loans to eligible borrowers. You can apply for a loan of up to Rs. 5 lakhs with attractive interest rates, no collateral required, and flexible repayment options.

You can easily make your PaySense EMI payments through the PaySense app or by visiting their website at www.gopaysense.com/pay. Simply click on the "Pay Now" button and enter the amount you need to pay. You can make payments using either a debit card or net banking.

No, PaySense and LazyPay are two different services. PaySense provides personal loans to both salaried and self-employed individuals, while LazyPay only provides loans to salaried individuals.

PaySense provides instant personal loans ranging from ₹5,000 to ₹5,00,000, with Annual Percentage Rates (APRs) ranging from 16% to 36% based on a reducing balance. Loan tenures range from 3 to 60 months. You can use the EMI calculator available on the PaySense app or website to calculate your monthly payments

Yes, PaySense has teamed up with TransUnion CIBIL to give you access to your CIBIL credit score.

No, PaySense is based in Mumbai and was founded in 2015. It is a financial services startup backed by venture capital.

Pre-EMI is a term used when the full loan amount is not disbursed. In these cases, you only need to pay the interest on the disbursed amount. EMI (Equated Monthly Installments) typically includes both the interest and principal repayment amounts, but with pre-EMI, only the interest component is paid.

If you are eligible for a loan, PaySense offers instant approval for loans ranging from Rs. 5000 to Rs. 5 lakhs. The approval process can be completed in as little as 2 hours!

PaySense charges a processing fee of up to 3% of the loan amount. The processing fee is subject to standard Goods and Services Tax (GST).

To get a loan from PaySense, you will need to provide some basic information such as your personal details, employment details, and bank details. You will also need to upload some supporting documents such as a government-issued ID, a bank statement, and a recent photograph.

To apply for a loan with PaySense, you'll need to download the mobile app and upload your documents digitally. This includes an Aadhaar card or PAN card for identity verification, a bank statement for proof of income, and a photograph. If you provide all the necessary documents, the approval process should be quick and hassle-free.